TSE:HUG
Horizons Gold ETF (HUG.TO)
Financials 
Technical Analysis 
Aug 1, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Horizons Gold ETF (HUG-T) has demonstrated a significant performance with a reported rise of 44% this year. The gold market has exhibited a pattern of consolidation followed by rallies. Recently, the ETF experienced a strong rally leading up to September and October but has entered a phase of pullback, likely entering another consolidation period. Experts have noted that the strong seasonality for gold has just concluded, prompting some to sell their holdings. They suggest that the crucial price point to watch is below $25, as this could indicate a breakdown, with a possibility of re-evaluating the investment in December when the next seasonal period for gold begins.
It is about the seasonality of gold, which does well this time of year. It is hedged for currency. It is reaching a very important resistance level and if it breaks it then it will go higher until the middle of October.
Don VialouxGold tends to do well at this time of year. Supply basically remain fairly constant over time, but the demand picks up in the 4th quarter because of the Indian wedding season. The fabricators need to buy the gold, which happens in the summer months.
Brooke Thackray
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(A Top Pick Aug 25/17. Up 0%.) The best time to own gold and gold equities is around the end of July through until the beginning of October. There are 2 weeks left before the seasonal trade is over. If you do see a little bit of strength, he would suggest you take some money off the table during the next 2 weeks.