This Past Week in Gold
GLD - on sell signal.
SLV - buy signal this week.
GDX - buy signal this week.
XGD.TO - buy signal this week.
CEF - buy signal this week.
An inverted "head & shoulder" bottoming pattern is in progress.
What makes this bottom significant is the fact that prices have reached our original downside target upon the breakdown in early 2013.
Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - down as of 3/21, ending the up cycle since 12/27.
A tradable bottom is in progress.