 |
| Gold in Monthly Chart |
 |
| Gold in Weekly Chart |
 |
| Gold in Daily Chart |
 |
| Gold in Hourly Chart |
Gold is one of the interesting commodity that can be traded. If you already traded gold for a long time, you already know gold is really connected with the movement of USD. Gold can be count as one of the volatile commodity.
Today, I like to share my point of view for gold based on three times frame which is:
- Long
- Medium
- Short
For the long time frame, I go based on monthly and weekly charts. We can see gold move on sideway for long time frame if we can see the weekly and monthly charts. I expected that gold will move sideway for three to four years and not so affected by incoming Trade War or Economy Crisis.
For Medium, I can see the broken downtrend maybe only for short time. I expect the gold to go lower for Medium time frame and this likely will happen for next year for the whole year.
For Short time frame, I will go for the bullish based on the strong uptrend for hourly chart. Gold likely will increase until end of this year.
For the all reader, if you are a intraday trader or aggressive trader, this is he time for you to long and take a profit.
Goodluck!
No comments:
Post a Comment