Our Midas Touch Gold Model remains in neutral/sideways mode.
During last week we got sell signals from the SPDR Gold trust Holdings, Gold in Indian Rupee, Gold in Chinese Yuan and from the GDX Goldminers ETF. Only new bullish signal for Gold came from US-Dollar but this could turn around rather quickly.
Overall the model is already in neutral mode since 24th of April. It looks like Gold will need more time before it finally should be ready to break out of the triangle.
Here are the model´s conclusions over the last 10 months.
This is interesting. Look forward to your future articles
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