View Larger Image

The Midas Touch Gold Model – Update 17th of June 2017

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 already. 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.

By Florian Grummes|2020-10-03T18:25:50+02:00June 17th, 2017|Tags: Gold, Midas Touch Gold Model|0 Comments

About the Author: Florian Grummes

Florian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks. Besides all that, Florian is a music producer and composer. Since more than 25 years he has been professionally creating, writing & producing more than 300 songs. He is also running his own record label Cryon Music & Art Productions. His artist name is Florzinho.