Due to the market booming with the bearish economic conditions, I plan not to touch any stocks at this moment and look into gold instead.
Hereby attached daily chart of gold.
Trendline Analysis: As compare to the medium term downtrend line and the short term downtrend line, the downtrend momentum has decreases.
Trendline Analysis: As compare to the medium term downtrend line and the short term downtrend line, the downtrend momentum has decreases.
MACD: Divergence with prices.
Expectations: Retrenchment is happening currently. Next support should be 1680.
Expectations: Retrenchment is happening currently. Next support should be 1680.
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