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