In an era in which the notion of a “safe haven” seems, evidently, to be digital coins, the classic precious metals have been largely left in the dust. It’s nice to see that perhaps this is changing. Gold is, once again, making a real effort to escape the clutches of its resistance line, and it seems to finally have a real chance of doing so. Here are the continuous futures of /GC:
As for GLD itself, it is also pushing above its resistance line, and I think we could see a real push higher next week. As long as it doesn’t slip below 188.52, I believe that, at long last, GLD might finally ready to rock.
