#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 writes a bi-weekly in-depth gold and silver analysis for one of Germany´s largest gold and silver retailer the „pro aurum“ group. As well he is publishing a bi-weekly comprehensive gold & bitcoin analysis for his numerous international readers. He is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the gold market.

MIDAS TOUCH CONSULTING NEWSLETTER

Receive in depth market analysis and profitable investment ideas by signing up for our free newsletter.
Email address