Shares & Derivatives
#08 – Gold (should we all buy now?)
By FinancialVeracity  •  June 21, 2017
In order know if it is a good time to buy good, we need to know the price behaviours of consumers. I have chosen to use USD/OZ (USA holds the biggest gold reserves). Market trend on the Monthly Chart has broke of a 8 year bull trend, making a bearish trend. As you can see market has failed to make higher high in 2016 while making a strong bearish candlestick. Thereafter, market build up (demand) became weak and show signs on bearish trend continuation pattern. On the Weekly Chart, market has just formed a double top (aligning with monthly analysis), giving market a higher probability to trend bearishly. Additionally, market has also failed to break recent high. On the Daily Chart, market seems to be in a bullish trend that has just been stopped due to the double top. A market execution trade will put you in a ......
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By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
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