The Midas Touch Gold Model™ remains neutral!

midastouch (46)in #steemsilvergold • 6 years ago

048/18 The Midas Touch Gold Model™ – Update 3rd of June 2018

The Midas Touch Gold Model 06:03:2018.jpg
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 04062018.png
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..

6 years ago in #steemsilvergold by midastouch (46)

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rollingthunder (60) 6 years ago

My support to posts with fellow members with REP under 50, keep up the good work as the charts you post are great.

a-0-0 (-9)(1) 6 years ago

Read my profile if want me to resteem your post to over 72,500 followers. @a-0-0

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