I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.
This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.
Tuesday, 29 August 2017
GLD USD (GLD:SP)
GLD USD (O87)
Above is the weekly SPDR Gold ETF chart that I've sent to clients yesterday. The trend is supportive of a breakout with the higher high and higher low observed. In addition, the MACD, a momentum indicator consolidated for a good probability of a breakout towards USD130.