Gold And The Euro Are Both Trying To Break Out At The Same Time (GLD)

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January 27, 2018 6:12am NYSE:GLD

NYSE:GLD | News, Ratings, and Charts

From Chris Kimble: The past 11 and 7 years respectively have not been kind to the Euro and Gold, as each has created a series of lower highs and lower lows for years.


The dual chart below looks at the Euro and Gold and the long-term bear market each has been in-

The Euro has experienced a historically strong rally over the past 56-weeks, as it is up 18%. Seldom has the Euro rallied this much in a little over a year in the past 20-years. This rally now has sentiment on the Euro at rare extremes, 82% bulls this week.

Joe Friday Just The Facts….The Euro & Gold are both testing key breakout attempts, where peaks have taken place in the past! Both are facing critical tests that have seldom taken place for each. Will the results be different this time?

If trading in the US Dollar, Euro, Gold, Silver, Copper or Mining stocks are of interest to you. We would be honored if you were a Premium or Metals member.

The SPDR Gold Trust ETF (GLD) closed at $128.07 on Friday, up $0.10 (+0.08%). Year-to-date, GLD has gained 3.57%, versus a 7.39% rise in the benchmark S&P 500 index during the same period.

GLD currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 35 ETFs in the Precious Metals ETFs category.


This article is brought to you courtesy of Kimble Charting Solutions.


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