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Saturday, April 01, 2023 12:56:02 PM
Jack Chan: Gold Price Exclusive Update
By: Jack Chan | April 1, 2023
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
Accumulate positions during an up cycle and hold for the long term.
Traders
Enter the market at cycle bottoms and exit at cycle tops for short term profits.
GLD is on short term buy signal.
GDX is on short term buy signal.
XGD.to is on short term buy signal.
GDXJ is on short term buy signal.
Analysis
Current data supports overall higher gold prices.
Our ratio is on buy signal.
Trend is DOWN for USD.
Trend is UP for gold stocks.
Trend is UP for gold.
Prices finally broke out of the 3 year handle.
GDX is approaching resistance, a consolidation would be ideal before breaking out.
Summary
Gold sector cycle is up.
Trend is up.
$$$ We added to our core position and will buy more upon a consolidation.
Read Full Story »»»
DiscoverGold
By: Jack Chan | April 1, 2023
Our proprietary cycle indicator is UP.
To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.
Investors
Accumulate positions during an up cycle and hold for the long term.
Traders
Enter the market at cycle bottoms and exit at cycle tops for short term profits.
GLD is on short term buy signal.
GDX is on short term buy signal.
XGD.to is on short term buy signal.
GDXJ is on short term buy signal.
Analysis
Current data supports overall higher gold prices.
Our ratio is on buy signal.
Trend is DOWN for USD.
Trend is UP for gold stocks.
Trend is UP for gold.
Prices finally broke out of the 3 year handle.
GDX is approaching resistance, a consolidation would be ideal before breaking out.
Summary
Gold sector cycle is up.
Trend is up.
$$$ We added to our core position and will buy more upon a consolidation.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
