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Prudent Investors Pay Attention: Gold Making A New High At A Time Nvidia And Bitcoin Are Making New Highs

Benzinga ·  Mar 7 14:44

To gain an edge, this is what you need to know today.

The Message For Prudent Investors

Please click here for an enlarged version of the chart ofSPDR Gold Trust(NYSE:GLD).

Note the following:

  • The chart shows that gold has broken out to an all time high.
  • The chart shows higher volume. This indicates conviction in the breakout.
  • RSI shown on the chart is at an all time high. This indicates there is high momentum behind the breakout. Breakouts that happen with RSI at all time high tend to lead to big moves in the longer term. However...
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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