GLD (NYSE:GLD) – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
GDXJ – on sell signal.
A pullback is in progress.
USD – on buy signal.
A rising dollar is not supportive of the metals.
Summary
Long term – on sell signal.
Short term – on sell signals.
Gold sector cycle is up.
A pullback 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.