Gold is back in the black

Following the bullish move in gold bullion, the Fidelity Select Gold fund (FSAGX, change: 2.78%) has moved above its trendline, but will have to overcome the resistance at the top of the trading range before we would become truly bullish.

Following the recent bullish move in gold bullion, the Fidelity Select Gold fund (FSAGX, change: 2.78%) has moved above its trendline. However, FSAGX will have to overcome the resistance at the top of the trading range before we would become truly bullish on gold stocks.

 

Mutual fund screens and buy/sell signals are provided by FidelitySignal.com      

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