Short-Term Bullish Signal in Gold Stocks - Video

Jordan Roy-Byrne
Author, CMT, and Editor @ The Daily Gold
July 13, 2023

The advance decline line as of the start of the week was showing a positive divergence. There was a similar positive divergence in the advance decline line at the October 2022 and March 2023 lows in gold stocks.

The Gold/Silver ratio has had a little breakdown below a rising trendline. Silver could test $26 if it surpasses resistance at $24.50 while Gold should test stiff weekly resistance at $1985 to $2000.

The Daily Gold

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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.

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