Gold Price Exclusive Update
Our proprietary cycle indicator is UP.
To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.
Investors
During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.
During a major sell signal, investors should be hedged or in cash.
Traders
Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.
Gold sector is on long term SELL signal.
GLD is on short term buy signal.
GDX is on short term sell signal.
XGD.to is on short term sell signal.
GDXJ is on short term sell signal.
Analysis
COT data is unclear. Can go either way.
Our ratio is on buy signal.
USD is testing trendline support.
$HUI is at 200ema support.
Gold’s breakout remains valid.
“3 white soldiers” is a bullish price pattern, especially when there are no gaps and when it occurs at the end of a pullback.
Summary
Long term – on SELL signal.
Short term – on mixed signals.
Gold sector cycle is UP.
$$$ We are holding short and long term positions.
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.
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