Start of 2018, I had picked out Gold as the asset class of the year. Then Had a choice between Gold, Equities, OIL and then booming BTC to pick from. While Gold hasnt delivered it has emerged as the best performing asset class of 2018.
Coming to 2019- it looks like Gold is in a larger consolidation theme, ranging back to 2013 onwards. There seems to be not much of ...
Crude we are holding below the 51.5-65 areas (Thats the composite balance areas ), this plays well for shorts to test the 49.90 zones in the coming sessions.
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken.
But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation.
Plus, in my view, we may see crypto assets which may take a charge in ...
Trading Strategy
Plan A
Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Plan B
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Plan C
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Plan D
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which ...
Currently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken.
But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation.
Plus, in my view, we may see crypto assets which may take a charge in ...
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