TraderMasterOwen

The large range oscillation period of Gold is coming to an end

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
From last August, Gold ushered in the tail and came to an end of the two-year-long trend. Now it waved into the large range oscillation period, which will take a year to complete the closure, next step is to break through the trend continuously or into the horizontal oscillation? At this stage it is impossible to penetrate with the prediction, we need to continue to pay attention to its performance in the next three months or so to give a completion of the adjustment pattern. This month has been finalized monthly big negative, next month is more likely to receive a positive situation if given to the low place it is the opportunity for more single layout strategy.
The decline in the international status of the dollar is a long-term positive sign for gold. Overall it is optimistic to see the late sustained long trend.

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