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Investment Recommendations May 22nd

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Investment Recommendations May 22nd

Introduction

This article was posted on Monday, 17:02, UTC.

GOLD: Long-Term Buy (Update)

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Gold Futures, 4-Hour Chart Analysis

Gold is trading in a short-term consolidation pattern after hitting the $1260 last week. The precious metal held up well amid the rebound in risk assets, as the political fears regarding Trump’s position continue to fuel demand for safe-have assets.

The metal faces multiple resistance levels, at $1260, at $1275, and near $1285 before a re-test of $1300 zone. The short-term rising trend is intact, with strong support at $1240. Short-term traders might consider raising the stop level to $1225, but our recommendation remains the $1206 level.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Comments
  • user

    AUTHOR ajburge

    Posted on 5:56 pm May 22, 2017.

    Hi,

    Would you suggest adding physical gold as a long-term diversified investment? Or just buy on trading sites?

    Thanks,

    Adam

    • user

      AUTHOR Mate Cser

      Posted on 9:25 pm May 22, 2017.

      Hi,

      Great question! Physical is always the safer option, especially in a full fledged meltdown.Paper gold might trade on a discount in such times,and counterparty risk could be a real threat. It’s a good idea to keep at least a part of your holdings in physical, with keeping the issue of liquidity in mind. Up to 10% of your savings could be great as an insurance policy.

  • View Comments (2) ...
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