The TSX Global Gold Index is a strong proxy for investor interest in gold stocks. And it may be on the brink of an important uptrend. Here's precisely what to look for in the charts.
You will recall in chart educational segment 001, we took an in depth look at the weekly chart for gold. Our expectation is for the MACD signal line to dip below the trigger line and then re-cross it later next year. This will be our buy signal based on trend settings. So let’s look at an example where this has just happened.