This Past Week in Gold

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on buy signal this week.

Summary

Only one out of four ETFs has a confirmed buy signal as of Friday. Next week is pivotal, as a breakout will see more buy signals, and a breakdown will likely indicate that the correction isn’t over yet.

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.

End of update