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.