Gold: Third Time’s The Charm? Amazing Chart.

Gold has broken above its 200-day average for the first time in 100 days once again. That’s the third time in the past five years. It has had multiple failed breakouts after being below its 200-day average for more than 100 days several times in the past 40 years. The third time it managed to break above its average coincided with sustained rallies during the next 1-3 years. One caveat (besides the small sample size) is that there were a few times that it *just missed* the 100-day cutoff, which would have preceded the long-term bottoms by several months at least.

gold_200DMA_Oct_2015

Courtesy of SentimenTrader.com

First published here: http://goldsilverworlds.com/price/gold-third-times-the-charm-amazing-chart/

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