After Election since November, sentiment for US Economy is positive.
More people are spending than investing,
therefore Gold continues downtrend.
Use Stochastic to Buy when oversold and Sell when overbought, It is very applicable when downtrend is consistent throughout year end, this is a very good chance to ride the momentum!
More people are spending than investing,
therefore Gold continues downtrend.
Use Stochastic to Buy when oversold and Sell when overbought, It is very applicable when downtrend is consistent throughout year end, this is a very good chance to ride the momentum!
Comment:
Downtrend has been broken, therefore uptrend is now imminent starts from resistance at 1160.