SPDR Gold Trust (GLD)

[DiscoverGold]

Jack Chan: Gold Price Exclusive Update
By: Jack Chan | January 8, 2022



Our proprietary cycle indicator is UP.

To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.

Investors

During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.

During a major sell signal, investors should be hedged or in cash.

Traders

Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.



Gold sector is on long term SELL signal.



GLD is on short term buy signal.



GDX is on short term sell signal.



XGD.to is on short-term sell signal.



GDXJ is on short term sell signal.

Analysis



COT data is unclear. Can go either way.



Our ratio is on sell signal.



The trend is up for USD.



The trend is down for gold stocks.



Gold’s breakout remains valid.



GDX is at long term support.

Summary

Long term – on SELL signal.

Short term – on mixed signals.

Gold sector cycle is UP.

$$$ We are holding short and long term positions.

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