Gold Price Update

March 18, 2017

Gold sector is on short-term sell signal.

Speculation continues to fall.

Gold sector is on major buy signal since early 2016.

Major signals can last for months and years and are more suitable for long-term investors.

Gold sector is on short-term sell signal.

Short-term signals can last for days to weeks and are more suitable for traders.

The intermediate trend is bound by support and resistance, and a break either way will help determine the intermediate term direction.

Summary

Long-term – on major buy signal.

Short-term – on sell signal.

Gold sector cycle is down.

A correction is in progress.

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.

www.simplyprofits.org

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Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.

14 karat gold is 58.5% pure gold