Looking at the monthly chart, one can see quite clearly a few things :
1. Bearish trend ended when it breaks out on July 2021
2. It has a long consolidation phase from May 2010 to Jun 2021 - a total of 11 years. Would you be holding for so long ? haha
I am bullish on this commodity and will be adding some soon.
Please note that commodity trading is volatile so trade with money that you can spare and also make a small % of your total portfolio. The recent Luna crypto plunge has taught many traders the hard lesson with its 99% plunge !!!! When money comes too easy , with 19% interest payable yearly, one wonder if it is a form of Ponzi Scheme or not .
Please DYODD and be safe!
1. Bearish trend ended when it breaks out on July 2021
2. It has a long consolidation phase from May 2010 to Jun 2021 - a total of 11 years. Would you be holding for so long ? haha
I am bullish on this commodity and will be adding some soon.
Please note that commodity trading is volatile so trade with money that you can spare and also make a small % of your total portfolio. The recent Luna crypto plunge has taught many traders the hard lesson with its 99% plunge !!!! When money comes too easy , with 19% interest payable yearly, one wonder if it is a form of Ponzi Scheme or not .
Please DYODD and be safe!