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Video: Charts of Gold as of May 22, 2019

May 22, 2019 at 10:28 by Vladimir Vyun

In the present video, Peter Martin from Trading 212 discusses the recent decline of gold. He starts with explaining how the US dollar prevented the commodity from profiting from its role as a safe haven. Martin also mentions the upcoming FOMC minutes, which tend to have a big impact on the commodity. The video then moves to charts. It shows the longer-term chart of gold in relation to the chart of the dollar. On the shorter-term charts, it demonstrates a bearish crossover of moving averages, which suggests that the bullish run of gold that started last year has indeed ended.

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