Amex Gold Bugs Index gapped through the rising trendline and support at 600, warning of a bull trap. The Gold Bugs Index represents unhedged gold miners. Spot gold support at $1700/ounce is now likely to fail.
Amex Gold Bugs Index gapped through the rising trendline and support at 600, warning of a bull trap. The Gold Bugs Index represents unhedged gold miners. Spot gold support at $1700/ounce is now likely to fail.