i sense something is about to turn. (at least short term anyway).
gold had a down week, but some shares did not follow. seems we have a divergence there.
% of people bullish is hitting a significant low.
the shares may be telling us the seasonal for gold should bottom soon.
Thanks bear, the charts don't look so good right now but you may be right.
https://charts.equityclock.com/phlx-goldsilver-sector-seasonal-chart
seasonal chart for xau shows a significant bottom around the second week of march.
but...
https://charts.equityclock.com/goldmoney-inc-tsexau-to-seasonal-chart
here is the xau index priced on the canadian exchange, in canadian dollars.
it looks very different in a different country.
instead of bottoming the second week of march and rallying to summer, we tops in april, and drops into summer.
so if a trader is bold enough to buy this week , you may want to take a profit by april.