Gold is showing decelerating downward trendlines, a technical pattern that often precedes a strong upside reversal. $GLD $GDX
Comex gold settled near $4,028, holding right above $3,900 support. It remains below its 200-day moving average, and the Federal Reserve kept interest rates steady.
A decisive breakout above the latest trendline remains the primary trigger for a sustained rally.
Among gold miners, Seeking Alpha's Quant Rating grades Barrick Gold ($B) the top miner against sector peers.
Is gold about to break out?