Gold and Gold Stock Outlook as the Price Consolidates Awaiting Next Move

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Gold is in an uptrend. It started out the year with a flurry to the upside, but since Jan. 9 has traded sideways in a relatively tight range. Silver experienced the same early-in-the-year rally but has drifted lower since.
From a trading perspective, a tight consolidation—like the one occurring in gold—is favorable. While there is a potential for a false breakout or two, these types of patterns tend to provide high reward:risk trading opportunities.
Given…

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