Our Midas Touch Gold Model remains in neutral/sideways mode.While the "CoT-Report" signal improved to neutral we got two new sell signals. One comes from the SPDR Gold trust Holdings. The other one is likely more important and was issued by the US-Dollar who seems to get ready for a bounce/recovery over the coming weeks. A stronger dollar should at least limit the precious metals sector for a couple of weeks.
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Technically gold was able to bounce off the 1,240 USD level. The t
