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Video: Charts of Gold as of May 22, 2019

Summary:
In the present video, Peter Martin from Trading 212 discusses the recent decline of gold. He starts with explaining how the US dollar prevented the commodity from profiting from its role as a safe haven. Martin also mentions the upcoming FOMC minutes, which tend to have a big impact on the commodity. The video then moves to charts. It shows the longer-term chart of gold in relation to the chart of the dollar. On the shorter-term charts, it demonstrates a bearish crossover of moving averages, which suggests that the bullish run of gold that started last year has indeed ended. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity Inspector

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In the present video, Peter Martin from Trading 212 discusses the recent decline of gold. He starts with explaining how the US dollar prevented the commodity from profiting from its role as a safe haven. Martin also mentions the upcoming FOMC minutes, which tend to have a big impact on the commodity. The video then moves to charts. It shows the longer-term chart of gold in relation to the chart of the dollar. On the shorter-term charts, it demonstrates a bearish crossover of moving averages, which suggests that the bullish run of gold that started last year has indeed ended.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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