Categories: Financial NewsMetals

Gold Stocks vs. AU$ Gold Ready To Break 16 Year Downtrend

October 11, 2023

Source: Barry Dawes  (10/9/23)

Barry Dawes of Martin Place Securities shares a quick update on the current state of gold. 

  • Gold higher
  • Gold Index higher
  • Gold stocks vs AU$ Gold ready to break 16 year downtrend

ASX Gold Stocks

Technically magnificent!

  • Backtest on downtrend line
  • Flag formation set
  • Huge volume
  • Probable Right Hand Shoulder

Lots of green today.


Free Reports:

Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





And more to come throughout the week.

About to break much higher vs. AU$gold

16-year downtrend — about to be broken.

Head the markets.

 

Important Disclosures:

  1. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  2. This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

For additional disclosures, please click here.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

Button‑pushing explorers: How to grasp that AI agents can do amazing things while knowing nothing

By Ji Y. Son, California State University, Los Angeles and Alice Xu, University of California,…

20 hours ago

The oil market may remain in a state of severe supply shortage until autumn

By JustMarkets  On Wednesday, the US stock indices mostly rose, with the S&P 500 and…

20 hours ago

GBP/USD Under Policy Pressure: What Lies Ahead for the Prime Minister?

By Analytical Department RoboForex GBP/USD held at 1.3528 on Thursday following an overnight decline. The…

21 hours ago

The missing link in America’s critical minerals push isn’t mining – it’s processing expertise

By Hélène Nguemgaing, University of Maryland and Alan Collins, West Virginia UniversityThe United States is…

2 days ago

Most people don’t know what they don’t know, but think they do – correcting your metaknowledge can make you a better teacher and learner

By Tommy Blanchard, Tufts University  Do you know what the Apple logo looks like? Chances…

2 days ago

How does your brain decide between the road not taken or the same old route? Resolving conflicting memories is key to navigation

By Paulina Maxim, Georgia Institute of Technology  When was the last time you paid attention…

2 days ago

This website uses cookies.