If PLV2019 can tests upper S&R Zone and close above 859.0 expect a bullish momentum to TP at 870. Strong showing can continue. But this may be just a short term window as stochastics are peaking at the overbought level. Go long and take opportunity. Exit upon any sign of weakness.
**Defensive stock to consider is AAL.L (Anglo American Plc) quoted AUG-17 $1,698.**
Reason being XAU / USD (Gold / US Dollar) prices have elevated and appear poised to continue to range above $1,400 with a 1-3 month outlook. Dividend growth (5% yield) reflects metals rally and may continue. Market cap 23.5-BLN means it is quite defensive as pure equity play....
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Trump’s tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China’s currency. That’s because foreign and domestic investors are moving significant amounts of money out of Chinese risk markets and into dollar-denominated safe havens...
Hello to Everyone!
This is platinum update.
xpt is breaking all time highs as mentioned in previous xpt analysis. Now If market breaks 918 zone then it can go upto 980. Hope it is going to break that zone.