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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™ remains neutral at this point as there are not many changes during last weeks trading.

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 Florian Grummes|2018-06-04T14:53:45+02:00June 4th, 2018|Tags: Gold, Midas Touch Gold Model, neutral|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.