Gold holds a special allure amongst many market participants and it has withstood the stand of time as a store of value. But how can traders analyze it?
Perhaps more important than the specific strategy that one is using to analyze or set up trades in Gold is the ‘fit’ to that specific market condition. For instance, if we look at the above image and focus on the green boxes, when the short-term trend is moving in the direction of the longer-term trend, traders are going to want to follow the age-old adage of ‘buying low and selling high.
Trend – a directional move is showing and there’s often a fundamental reason for it as traders are bidding higher-highs and higher-lows .
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