Gold Stocks are Battling a Major Resistance Area

July 23, 2024

Gold

GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental trigger for this move.
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The Daily Gold

Interviews, analysis and podcasts from The Daily Gold. Host Jordan Roy-Byrne, CMT, MFTA interviews top industry analysts and fund managers. Jordon's main focus is on gold and silver investing and junior stocks.

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