There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.
GOLD: what you should do with it right now
2020-10-12 • Updated
Gold finally moved above $1 900 – again. How established is that high now? A brief look suggests that the mid-term trend is bullish so $1 960 may be reached thin a week or two. However, in the short-term, it is possible that a downward bounce will take place from $1 930 to $1 900. Very possibly, the price will drift slightly below the 50-MA just like it did on October 6, and then will get back up to break $1 930. That’s why the key, for now, is to verify the downward reversal from $1 930: the 50-MA is waiting!
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
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