https://www.kitco.com/charts/popup/xau0365.html
xau is trying to break above that downward sloping upper resistance.
we'll see if we get a breakout, or will it fake out and go back down?
yes i am long a couple pm stocks.
i have been waiting for nem to get back down to the low 50's so i can buy more. we may not get there.
Thanks bear!
Yes, could be a potential break out if we can push thru this very tough resistance from here, around 150 to the 160 area, the highs from early last August.
130 was the mega support that held on numerous tests, since we touched it around last Thanksgiving.
The impressive move was the one that lasted just less than 2 months, from last June to the start of August when we jumped from around 115 to 160-ish. Since then, especially since very late Summer 2020, we've been in a sideways pattern.
