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Investment Recommendations May 25th

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Investment Recommendations May 25th

Introduction

This article was posted on Thursday, 17:53, UTC.

Gold: Long-Term Buy (Update)

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Gold Futures, 4-Hour Chart Analysis

The precious metal has been trading in a holding pattern in recent days, since running into resistance near $1260 following the “Trump-surge”. The persistence weakness of the USD helped the metal in staying above the $1250 level, although the recovery in stocks should have weighed on the safe-haven asset.

Short- and long-term traders are still advised to hold their long positions, with stop-losses near $1230 and $1210 respectively. The MACD indicator fell back into neutral territory during the consolidation, and gold might be ready to move above the strong resistance ahead, with a declining long-term trendline still above the current rate as well, near $1275.

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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.

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