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Hi Dear traders!

Friday, May 19, 2017 13:26
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(Before It's News)

Hi dear readers, sorry for being out for a certain time. Now as I’m back, I be doing again my weekly updates on market, especially on forex. For now, let’s see what’s going in World’s Market. Let’s start With Gold

Many people are talking about Gold being manipulated, or going down due to French election. This may be the case, how ever, I prefer not to trade or speculation but on my technical analyse.

For me Gold going down, because it respect the “3 touch rules”. Since gold hit our red trend line for the 3rd time, it’s very normal and natural to see down trend.

Also, at beginning of this years I was mention on my facebook pages, about gold not moving Up or Down for next few years.

Looking on this chart, you can see Gold is stuck in a very long term range.

What about Silver?

I use to love it and hold it. Did great profits and drop it!

and since the pick, I was always on “Short side” for long term and still short now.

Seeing nothing good for long term,  and like gold it will stay in sideway trend for long…long…time.

Next… Crude Oil!

With crude oil , being so low for very long time, it hurt many countrys. How ever, this it’s a great time to start to invest in others energy and focusing in other sectors.

But what about us? Traders?  Personally… I stay away due to too high volatility and un-clear direction.

And…let’s finish with, USD, 10y Note and S&P 500.

This it’s start to be more interesting, like all others Charts, we are in a “sideway trend” in “10ybond” and “S&P Market”, but not in US Dollars index, ( this could be, depending on your perspective). But, from what I can see, dollars have hard time to keep up.

With trump always glorying his strong dollars by his right action… I’m interesting to see what he will say, once we go under 97$.

Conclusion:

Gold and Silver, still unattractive for “buy & hold” strategy and it wont change anytime soon, but great for trading.

WTI, not my favorites, moves are un-clear . However, great time to buy oil company in stock market.

And S&P500… keep moving up, manipulated or not, all I can see, there’s no money to make or very rare.

Thank you for reading , sharing and commenting.

Have a great weekend all, let’s get ready for next week!

KV



Source: http://www.moneymakeredge.com/blog/hi-dear-traders/

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