By Jack Chan at www.simplyprofits.org
GLD – on sell signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO - on buy signal.
CEF – on buy signal.
GDXJ – on buy signal.
Prices are bound by support and resistance, looking for a break either way to determine intermediate direction.
Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle is down.
A correction is in progress.
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.
We also provide coverage to the major indexes and oil sector.
End of update