(NYSE:GLD) – on sell signal.
(NYSE:SLV) – on sell signal.
(NYSE:GDX) – on buy signal.
(TO:XGD) – on buy signal.
(NYSE:CEF) – on sell signal.
(NYSE:GDX) is testing resistance.
The Canadian gold stock ETF is also testing resistance.
Summary
Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle – is down.
Trend is down.
Correction continues but can end soon.
Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.