XGD – ASX All Ords Gold ETF

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XGD – ASX All Ords Gold ETF

Current Price – 4706    Status – Watching for potential move up in Gold stocks

XGD has pushed higher today and confirmed a higher low. The price structure looks very positive for a potential move up which means that we may see a strong move higher in Gold Stocks. XGD has been contracting lower since July and we may be seeing the beginnings of strength into the sector. From here, we would like to see further contraction and a higher low build in XGD so we can then drill down to individual stocks for buy entry setups.