The Midas Touch Gold Model™ is in neutral mode since 22nd 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.