Naturally we've seen good buying of gold as trader's hedge geo-political risks and traders will be keen to see if the spot level can test the downtrend drawn...
Chris Weston
Pepperstone
Naturally we've seen good buying of gold as trader's hedge geo-political risks and traders will be keen to see if the spot level can test the downtrend drawn from the October 2012 high at $1363. Momentum clearly favours a test of this level in the short-term, with the five-day moving average pulling away from the ten-day and the MACD on the daily chart firmly above zero. If long stay long.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
1 topic
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Comments
Comments
Sign In or Join Free to comment