TSE:HUG
Horizons Gold ETF (HUG.TO)
Financials 
Technical Analysis 
Jun 5, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Horizons Gold ETF (HUG-T) has seen notable performance in 2023, exhibiting a clear pattern of rallying and consolidating. As gold prices surged, peaking around September and October, the ETF has experienced a pullback, which some experts suggest may indicate a period of consolidation ahead. The review highlighted strong seasonal trends for gold, especially with the most recent seasonality phase having just concluded, prompting a recommendation to sell during this pullback. Experts warn that if the price falls below $25, it could signal a significant breakdown. The next opportunity to reassess the ETF will arise in December as seasonal trends in gold may reappear, offering potential for renewed investment interest.
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.