Jordan Roy-Byrne: Watch These 3 Indicators to Confirm Gold Breakout

The Daily Gold, Released on 2/19/22

Gold needs a weekly and monthly close above $1900 for a breakout. A breakout is when a market clears a critical resistance level and proceeds to launch higher. The breakout is the start of the move.

We highlight 3 indicators that will confirm a breakout in Gold and a new bull run in Gold and gold stocks. These are Gold against foreign currencies, Gold against the stock market and the GDX advance/decline line.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

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