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, 16 April 2019
Gold Experiencing Downside
Gold is expected to trade lower towards 1st target zone of 1,265-1,270 after breaking down below its distribution support line (fall thru the Ice) with MACD experiencing weakness.
Weakness in gold may means market is expected to take on more risk. Equities may potentially see further strength.