Commodity Trade Mantra

Posts Tagged ‘Bollinger Bands’

Despite Short-Term Bearishness, Gold Prices Set For a Very Bullish 2017

Let’s review the gold charts beginning with the long term picture. Though bearish over the short term, there is no change to the longer term outlook.. I am very bullish on gold prices in 2017 and while the year has got off to a cracking start I believe we need to see a test of the recent low to lay a stronger foundation from which to launch even higher.

A Brief Note on the Difference Between Trading and Investing

In general, investing is putting capital at risk for the long term, based on a trend or story the investor believes will have a material impact on whatever financial vehicle he has chosen. In general, trading is shorter-term & technical-based. A trader might buy & sell the chosen financial vehicle many times, based on technical trends & indicators.

Gold and Gold Stocks – The Tackling of Resistance

After several previous attempts that fell just a little bit short, gold finally managed a close above the 1340-1350 level – It is perhaps not a significant enough break yet, but it is encouraging that the $1350 level has not rejected gold this time around.

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