Gold charts start to shine

It’s had a stellar start to 2016 – is a bull market for gold back on track?

Summary: SPDR Gold shares are up 12 per cent this year, and yet the precious metal is officially still in a bear market. February gains have moved the price of gold above the bear market trendline, and US dollar falls are contributing to a price boost. 

Key take out: The evidence is positive for gold recovery – if it doesn’t pull back, I would wait for it to stabilise and then go with any future upside breakouts.

Key beneficiaries: General investors. Category: Commodities.

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