#014/18 The Midas Touch Gold Model™ – Update 27th of February 2018

The Midas Touch Gold Model™ is in neutral mode since 22nd of February 2018!

The Midas Touch Gold Model™ – Update 27th of February 2018

Thanks to a new buy signal for the US-Dollar the Midas Touch Gold Model™ lost its bullish conclusion last week already. Since then gold has been finally moving lower closing below the decisive level of 1,335 USD. Today the daily chart for gold in USD has turned to bearish. As well the daily chart for gold in Chinese Yuan has turned bearish. The only positive signal comes from the GLD gold holdings which are up 6.49t over the last week.

All in all the Midas Touch Gold Model™ is neutral and it will take a lot of work for the bulls to turn this around.

 

By | 2018-03-02T11:41:43+00:00 February 27th, 2018|Tags: , , |0 Comments

About the Author:

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 is own record label Cryon Music & Art Productions. His artist name is Florzinho.

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