Gold Price Exclusive Update

Our proprietary cycle indicator is DOWN.

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

Accumulate positions during an up cycle and hold for the long term.

Traders

Enter the market at cycle bottoms and exit at cycle tops for short term profits.

GLD is on short term sell signal.

GDX is on short term sell signal.

XGD.to is on short term sell signal.

GDXJ is on short term sell signal.

Analysis

Our ratio is on sell signal.

Trend is DOWN for USD.

Trend is UP for gold stocks.

Trend is UP for gold.

A potential candidate for an exhaustion gap and an island reversal.

$1800 is the 50% retracement from the bottom of $1625 to the recent top of $1975.

It is also the 200ema support.

Summary

Gold sector cycle is down.

Trend is up.

A correction is in progress.

$$$ We took partial profits and are holding a core position.

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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