Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: The Stealth Breakout You May Have Missed and more

In today’s briefing:

  • The Stealth Breakout You May Have Missed


The Stealth Breakout You May Have Missed

By Cam Hui

  • Gold prices have staged a convincing long-term upside breakout against a backdrop of skepticism, which is contrarian bullish.
  • Point and figure charts indicate a measured objective of 2576 over a probable 6–18-month time horizon and a measured objective of 3372 over a probable 3–5-year time frame.
  • Gold mining stocks are cheap relative to gold and could offer even more upside potential on an intermediate- and long-term basis.

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