XGD ASX Gold Sector Daily Chart Outlook 02/09/2016.

This is an intra-day update of XGD GOLD SECTOR where things may and can change by the close, I doubt though.

In brief, I will summarise the GOLD SECTOR  in a MAJOR UPTREND. In the medium term however, I would call it a TRADING RANGE (trendless). In the short term, trend is turned UP again today with a potential short term bullish pivot point reversal which is to be confirmed depending on the close today. But it looks more likely than not, that we are likely have one.

Aren’t pullbacks nice ?

Daily XGD Chart as at 10:40 update 02/09/2016.

xgddaily02092016

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