This Past Week in Gold
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on sell signal.
Long term readers may recall this chart of support and resistance from years past.
Gold stocks are now at major support and a counter trend rally can begin anytime, which is tradable if risks are manageable.
Long term - on major sell signal.
Short term - on sell signals.
Both long and short term on sell signals and cycle is down but at levels of previous bottoms. A multi week corrective rally can start anytime and tradable if risks are manageable.