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Tuesday, August 15, 2017 8:03:22 AM
By Almanac Trader | August 14, 2017
Even before last week’s heated exchange between North Korea and the U.S. gold had been climbing back towards $1300 per ounce. Gold reached an intra-day high of $1298.10 last Friday and slipped modestly today as geopolitical tensions have eased somewhat and stocks rallied. Currently Stochastic, relative strength and MACD indicators are positive, but stretched. If gold can hold onto the bulk of recent gains and regain positive momentum gold could finally break out of its multi-year funk that it has been in ever since its last all-time high back in 2011. Conversely, if it does breakdown again then gold could easily finish up the year like it last year, headed lower.
http://jeffhirsch.tumblr.com/post/164188403223/gold-fights-to-break-out-above-1300
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