XGD ( Gold Miners) Index re visited 11/04/2016.

What a difference couple of days made with this ASX Gold Miners Index, ticker code XGD.

It had broken two resistance levels with a highest high end of day close today in two days. Price action is still range bound/congested in the medium term, with it’s short term trend is now also turningĀ up. Long term trend as we know had been up for a fair while.

A decisive breakout and a follow through above the highest level shown on the chart, marked as a pivot point, may suggest higher prices to come.

OBV at the bottom window is also maintaining it’s bullish posture supportive of the price.

XGD Daily Chart below.

xgd11042016

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