048/18 The Midas Touch Gold Model™ – Update 3rd of June 2018

The Midas Touch Gold Model™ remains neutral!

The Midas Touch Gold Model™ as of June 3rd, 2018

The Midas Touch Gold Model™ as of June 3rd, 2018

The Midas Touch Gold Model™ remains neutral at this point as there are not many changes during last weeks trading.

Gold in Indian Rupee as of June 4th, 2018

Gold in Indian Rupee as of June 4th, 2018

The only disturbing development comes from the daily chart for gold in Indian rupee which clearly posted a sell signal last Friday.

Besides that, the inventory of the largest gold ETF (SPDR Gold = GLD) has seen outflows of 12.88t of gold.

Over all, gold and our Midas Touch Gold Model™ remain neutral. Expect more back and forth around 1,300 USD..

By | 2018-06-04T14:53:45+00:00 June 4th, 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.

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