GLD (NYSE:GLD) – on sell signal.
SLV (NYSE:SLV) – on sell signal.
GDX (NYSE:GDX) – on sell signal.
XGD.TO (TO:XGD) – on sell signal.
CEF (NYSE:CEF) – on sell signal.
A breakout on the dollar will not be supportive for the metals.
Summary
Long term – on major buy signal.
Short term – on sell signals.
Gold sector cycle is down.
Trend is down.
Correction continues.
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.