Gold set for next run upwards..Classic VCP and now Cup and handle broken, Retested and reversed. Expect move higher from current levels.
Key stats
About SBI-ETF GOLD
Home page
Inception date
May 18, 2009
Structure
Open-Ended Fund
Replication method
Physical
Primary advisor
SBI Funds Management Ltd.
ISIN
INF200KA16D8
The investment objective of the fund is to seek toprovide returns that closely correspond to returnsprovided by price of gold through investment in physicalGold. The performance of the scheme may differ fromthat of the underlying asset due to tracking err.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous98.52%
Cash1.48%
Gold poised for upside moveLooks like GOLD is going to take a swift move from here. Not a recommendation. Don't buy/sell based on my idea. Let's grow together.
Buy SBI Gold ETFKeeping a cautious view on global markets in 2020, our currency of choice would be Gold. I would recommend buying SBI Gold ETF and using it as collateral in case you want to buy futures or anything. SBI Gold ETF would give you 87.5 percent collateral.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.