gold, page-132494

Gold stock sentiment indicator.
Something changed on Thursday.
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The forward looking component suggests a rollover on Tuesday unless there is a broad uptick in stocks (sentiment) tomorrow.
Tight stop-losses can be useful in these situations.
These are technical charts, not advice.
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This is where the fun begins.
Relative market strength surged to 69% on my shortest term chart. Never been this high and back-testing began from Jan, 2020.
There was no contribution from producers so this is a junior led resurgence.
Won't make any difference to the XGD.
I suspect the pull back in POG and current consolidation has drawn in retail (spec) investors looking for a bargain who consider producers too expensive.
If gold does drop significantly and spec heads roll, it may be a little while longer before a decent bull market begins with a 'rising tide'.
Juniors - late to the party as usual but what a great launching point.
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This next few months could be great for juniors provided gold continues to consolidate or rise from these levels.
Stock selection critical. May not matter so much in the future.
Live long and prosper.
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