There is quite a 'blindly-obvious' shift in momentum here, most likely a result by the recent macro-events from around the world, where we are seeing greater demand in the purchase of the Yen, Dollar, Gold & BTC .
Another interesting point was the Federal Reserve announcement into the New Year of the $100bn QE going to take place. Which has many analysts expecting some element of re-tracement in the global markets - which again drives up the price of defensive goods.
Therefore if you are not entering into a long position now before the breakout of this 6-month range then you will pay-the-price at a later date.
We are seeing a shift in momentum, confirmed by the crossing of the MA-100 & MA-200.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
Another interesting point was the Federal Reserve announcement into the New Year of the $100bn QE going to take place. Which has many analysts expecting some element of re-tracement in the global markets - which again drives up the price of defensive goods.
Therefore if you are not entering into a long position now before the breakout of this 6-month range then you will pay-the-price at a later date.
We are seeing a shift in momentum, confirmed by the crossing of the MA-100 & MA-200.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
