Thursday, May 20, 2021 5:35 AM EDT
Gold (GLD) has been one of the best markets to trade in 2021 due to big volatility and price action respecting all techs.
We can spot an ascending trend line which is clearly marking the up trend. If we see a retracement then buyers will possibly show up at the POC zone. 1820-30. 1890 is currently a resistance. If it breaks we should expect a test of 1900. However, as buying the dips is an option watch for a retracement then possibly go long.
The Analysis has been done with the Black Widow system.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
more
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
less
How did you like this article? Let us know so we can better customize your reading experience.