This week in gold
$HUI - the buy signal from early June remains valid as prices did not violate the previous low.
$XAU - but the buy signal on XAU has failed and we are waiting for a new TLBBS.
GDX - buy signal also failed and we took a small loss, now waiting for a new TLBBS.
XGD.TO - previous buy signal also failed and we took a small loss. We have a fresh buy signal this week.
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.
End of update