Gold stocks may be preparing for some action

Potential Buy Alerts


XGD – Gold Sector Index

XGD has been holding a major higher low around the 4000 mark and is now at an interested crossroads. As spot gold searches for buyers, we can see a higher low forming for a push up through 5000. The Index has the potential to roll over down to the 3500 level but we are now favouring a move up as buyers soak up the selling pressure. Still some more work to do but we are now watching the gold stocks for potential movers.

Index Code – XGD – Gold Sector Index

Current Price : 4580

Status : On watch for minor higher low and move up