I’m sharing today’s intraday Gold Trading Alert free of charge, as a small thank-you-for-being-on-Golden-Meadow® gift.
Just a quick update as we saw two remarkable technical developments.
The head and shoulders pattern was just completed - GDXJ plunged through the neck level.
Gold and silver are down, while the USD Index just moved above its Nov. 2025 high.
It’s happening, folks!
This breakout is a nice technical addition, but the really important thing is that the USD Index broke above 100 and so far it stayed there.
What happens next will be critical. If the USD Index confirms the breakout above 100 by closing there for at least three consecutive trading days, we’ll have a much greater likelihood of seeing a major uptrend in the following weeks and months. I mean a really big move - one that triggers adverse moves in the precious metals and commodities.
All points that I made in today’s main Gold Trading Alert as well as the profit-take levels remain up-to-date.
Thank you.
Sincerely,
Przemysław K. Radomski, CFA
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