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.
GDXJ (NYSE:GDXJ) – on sell signal.
Prices are bound by support and resistance, looking for a break either way to determine intermediate direction.
Summary
Long term – on major buy signal.
Short term – on sell signals.
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.
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