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 a major sell signal.

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

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

The multi year bottoming pattern remains in progress.

Text book bullish price patterns with confirmed bottoms and breakouts.

Trend is up.

Summary

Long-term – on major sell signal.

Short-term – on mixed signals.

Gold sector cycle is up.

The pullback has ended.

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