Interesting gold chart

Gold has moved above an important trendline (click on the chart to enlarge it). The trend seems to have changed, at least in the near future.

This development is particularly relevant since gold did not break below a crucial support level.

Is gold trying to tell us commodities are likely to strengthen in the coming weeks?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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