This Past Week in Gold
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on sell signal.
$HUI has broken major support at 150 this week and that is now resistance.
From a long term perspective, gold has a long way to go before major support, and USD has substantial upside before major resistance.
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on sell signals.
Gold sector cycle - down as of 5/16.
Caution is advised, but gold sector could see a tradable bottom in coming weeks.