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The Midas Touch Gold Model – Update 17th of June 2017

Our Midas Touch Gold Model remains in neutral/sideways mode.

During last week we got sell signals from the SPDR Gold trust Holdings, Gold in Indian Rupee, Gold in Chinese Yuan and from the GDX Goldminers ETF. Only new bullish signal for Gold came from US-Dollar but this could turn around rather quickly.

Overall the model is already in neutral mode since 24th of April already. It looks like Gold will need more time before it finally should be ready to break out of the triangle.

Here are the model´s conclusions over the last 10 months.

By | 2017-09-20T19:26:58+00:00 June 17th, 2017|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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