This past week in gold
GLD – on buy signal.
In a bull market, the 200ema often acts as support for pullbacks and corrections, where investors accumulate positions for the long-term.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on buy signal.
GDXJ – on sell signal.
Speculative activity favors overall higher gold prices.
Speculative activity favors overall higher silver prices.
A potential inverted head & shoulder pattern is in progress, and if the dollar breaks out, the metals may correct further, thus delaying a new leg of the gold bull market.
Long-term – on major buy signal.
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