Oro / DollaroLong
Gold bonanza?
Technically: Strong
Gold looking good on most time frames (D/W/M).
Nearing previous mid-term resistance at 1747.74.
Broke yesterday out of a high symmetrical, ascending triangle.
Fundamentally: Strong
USD at a high, momentarily holding back dollar-denominated assets.
QE and rates down should weigh on dollar over the next few quarters.
Futures already pricing negative rates in the US…
Trading action: Buy
Long gold for the medium/long term.
Stop loss at the 1640 support, slightly < SMA50.
Staggered entry means position size increase > 1750.
For added kick, buy gold miners which will bring you a leveraged play on the commodity.
PS Simpler, less cluttered chart below.
Gold looking good on most time frames (D/W/M).
Nearing previous mid-term resistance at 1747.74.
Broke yesterday out of a high symmetrical, ascending triangle.
Fundamentally: Strong
USD at a high, momentarily holding back dollar-denominated assets.
QE and rates down should weigh on dollar over the next few quarters.
Futures already pricing negative rates in the US…
Trading action: Buy
Long gold for the medium/long term.
Stop loss at the 1640 support, slightly < SMA50.
Staggered entry means position size increase > 1750.
For added kick, buy gold miners which will bring you a leveraged play on the commodity.
PS Simpler, less cluttered chart below.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.