Potential Buy Alert
XGD – Gold Sector Index
Index : XGD – Gold Sector Index
Current Price : 4679
Status : On watch for higher lows
Although XGD is not tradable, it is a great index to watch for movements in gold stocks. We see some great support that is holding up price action at 4000 after a washout down to 3250. This is a great sign that gold stocks are slowly coming back into play and the sector is looking for another leg higher. We are not watching individual gold stocks for high probability setups.