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Video: Charts of Gold as of May 29, 2019

Summary:
In the present video, Peter Martin from Trading 212 discusses gold as of May 29, 2019. Peter kicks off the video with explaining what fundamental factors were affecting the metal recently and what factors may affect it in the immediate future. He proceeds then with discussing weekly, daily, and 4-hour charts of gold. On the weekly chart, the commodity was moving sideways. On the daily chart, the movement has more downside bent to it, with highs progressively declining, though lows staying relatively stable. That creates a pattern resembling a downward triangle — a bearish pattern that suggests a possibility of a downside breakout. 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

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In the present video, Peter Martin from Trading 212 discusses gold as of May 29, 2019. Peter kicks off the video with explaining what fundamental factors were affecting the metal recently and what factors may affect it in the immediate future. He proceeds then with discussing weekly, daily, and 4-hour charts of gold. On the weekly chart, the commodity was moving sideways. On the daily chart, the movement has more downside bent to it, with highs progressively declining, though lows staying relatively stable. That creates a pattern resembling a downward triangle — a bearish pattern that suggests a possibility of a downside breakout.

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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