Gold Price Exclusive Update - August 05, 2023

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

Current data favors lower gold prices overall.

Our ratio is on a sell signal.

Trend is UP for USD.

Trend is DOWN for gold stocks.

Trend is UP for gold.

The potential inverted head & shoulder bottom has failed.

Summary

Gold sector cycle is down.

Trend is now up for USD and down for gold stocks.

COT data favors lower gold prices overall.

$$$ We are now in cash and wait for the next cycle bottom.

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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