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Honest Money Gold and Silver Report: Market Wrap

Gold closed the week up 27.30 to 842.70 for a +3.35% gain. Not bad for a barbarous relic. The daily chart below shows a break above the upper trend line of the symmetrical triangle that has been forming since November. MACD made a positive cross over, which appeared to be setting up last week. RSI is headed up towards the 70 level (66.88). Histograms have gone into positive territory and are headed up.

Honest Money Gold and Silver Report: Market Wrap

 

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