This past week in gold

Jack Chan
Posted Mar 25, 2019

Gold sector as represented by $HUI is on a long-term sell signal.
Long-term signals can last for months and are more suitable for investors.

Gold sector as represented by $HUI is on a short-term buy signal.
Short-term signals can last for weeks and are more suitable for traders.

COT data on gold is supportive for overall higher prices.

COT data on silver is also supportive for overall higher prices.

Trend is firmly up.

Upside resistance is $25.

Gold stocks continue to outperform during the current up cycle.

Gold is lagging gold stocks as the multi year bottoming pattern continues.

Summary

Long-term – on sell signal.
Short-term – on buy signals.
Gold sector cycle is up, and the correction has found support at the 50/200 ema.
COT data is supportive for overall higher metal prices.
Maintain positions and stay the course.

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Mar 23, 2019
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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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