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Monday, November 25, 2024

Gold & Silver Mining Index (XAU) Falls Out Of Bearish Pattern

Courtesy of Chris Kimble.

falling-off-ladder-pic

This post was written for See It Market, see full article HERE

It’s been a heck of a year for precious metals. Through 3 quarters this year, Gold (NYSEARCA:GLD), Silver (NYSEARCA:SLV), and the miners (INDEXNASDAQ:XAU) were big time out-performers.

HOWEVER, those good vibes have been lost on investors during the first few days of trading in October. In short, the precious metals sector has been hit hard in early October.

xau-breaking-steep-rising-wedge-support-oct-5

CLICK ON CHART TO ENLARGE

See rest of article and thoughts on the pattern HERE

To become a member of Kimble Charting Solutions, click here.

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