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Category Archives: XAU
September 11, 2021: XAU Index Review
On September 11, 2021, we said the following:
Gold stocks are generally undervalued. However, there is some intermediate downside risk. The time to consider gold stocks would be when/if the XAU index can decline below 117.18 and remain above the ascending 86.26 level.
Instead of declining to 86.26, the XAU index fell as low as 91.40. However, that was all the index need to bottom and move higher afterwards.
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Posted in XAU
XAU Index Review
On May 4, 2022, we said the following:
XAU Index Price Momentum
Below is a chart of Philadelphia Gold And Silver Stock Index from January 1985 to May 4, 2022, reflecting Price Momentum data.
Edson Gould’s XAU Upside Resistance Targets
Below are the Upside Resistance Targets for the Philadelphia Gold & Silver Stock Index (XAU) as of September 10, 2021: Continue reading