From Bespoke Investments:
Gold is up another $12.40 today to $939/ounce. Ever since the metal hit support at its 200-day moving average in April, gold has been rallying nicely. And based on technicals, gold has quite a bit of room to run on the upside before it starts to hit resistance again.
As shown below, when the metal broke its multi-month downtrend at the start of May, it turned the technicals from negative to positive.
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One of the most explosive assets in the world is starting a new uptrend