This week in gold
The gold sector remains on a sell signal since April, and prices continue to deteriorate.
$HUI - is now below the 200ema support and oversold.
$XAU - also below the 200ema support and oversold.
GDX - like both $HUI and $XAU, closed below the 200ema support and oversold.
XGD.TO - the Cdn gold ETF is deep below the 200ema support and deeply oversold. A bearish cross (50ema crossing below 200ema) is about to occur, which means XGD will soon slip into a bearish configuration, at which time set ups to short can be initiated.
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End of update