Gold Stocks vs. AU$ Gold Ready To Break 16 Year Downtrend

<p><a href="https://www.streetwisereports.com/article/2023/10/09/gold-stocks-vs-au-gold-ready-to-break-16-year-downtrend.html" target="_blank" rel="noopener"><strong>Source: <i></i> Barry Dawes  (10/9/23)</strong></a></p>
<p><strong>Barry Dawes of Martin Place Securities shares a quick update on the current state of gold. </strong></p>
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<ul type="disc">
<li>Gold higher</li>
</ul>
<ul type="disc">
<li>Gold Index higher</li>
</ul>
<ul type="disc">
<li>Gold stocks vs AU$ Gold ready to break 16 year downtrend</li>
</ul>
<p><img decoding="async" fetchpriority="high" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202310990036_1.png" alt="" width="630" height="410" /></p>
<h2><strong>ASX Gold Stocks</strong></h2>
<p>Technically magnificent!</p>
<ul type="disc">
<li>Backtest on downtrend line</li>
</ul>
<ul type="disc">
<li>Flag formation set</li>
</ul>
<ul type="disc">
<li>Huge volume</li>
<li>Probable Right Hand Shoulder</li>
</ul>
<p><img decoding="async" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202310990108_2.png" alt="" width="1000" height="474" /></p>
<p>Lots of green today.</p>
<p>And more to come throughout the week.</p>
<p><img decoding="async" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202310990140_3.png" alt="" width="313" height="511" /></p>
<p>About to break much higher vs. AU$gold</p>
<p>16-year downtrend — about to be broken.</p>
<p><img decoding="async" loading="lazy" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202310990213_4.png" alt="" width="511" height="433" /></p>
<p>Head the markets.</p>
<p>&nbsp;</p>
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