Brexit in the UK Will gold rise

View All · Published on 2016-6-20 15:57:46

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Recently, the Brexit referendum in the UK is approaching, and the possibility of Brexit is increasing. Many investors are planning to bet on Brexit and buy heavilygoldIndeed, due to the enormous uncertainty in the market, this type of transaction has great appeal. However, before we engage in such transactions, we should learn more about the factors that truly drive gold.

Elazar AdvisorsThe consulting firm concluded that the current time is not a good time to buy gold by analyzing factors such as the correlation between the stock market and gold, technical charts, and changes in gold demand. The following is the main analysis content, translated and organized by Golden Headlines website.

Firstly, from the technical charts, it seems that the current price range is both long and short with good reasons. Those who are bullish believe that gold has broken through its long-term downward trend and gained significant support, so they can buy with confidence.Foreign exchange gold

Those who are bearish believe that the gold price is on the upper edge of a long-term downtrend channel, and it is currently an excellent short selling opportunity.

Brexit in the UK Will gold rise349 / author:Jinhui Financea / PostsID:228647

(Graphics seen by onlookers)

Brexit in the UK Will gold rise795 / author:Jinhui Financea / PostsID:228647

(The shape seen by a bearish person)

Brexit in the UK Will gold rise513 / author:Jinhui Financea / PostsID:228647

(In)Elazar AdvisorsThe consulting firm believes that the current golden technology graphics）
But in theElazar AdvisorsIn the opinion of the consulting firm, there is currently no trend in the graphics, but rather a wide range of fluctuations.
So, from the perspective of the correlation between the stock market and gold.

It is generally believed that the stock market and gold have a reverse relationship. When the stock market rises, gold falls; Vice versa.
However, according to Google Analytics,SPDRgoldETFthe stockGLDThe beta value is0.07This indicates a decline in the overall market100Point, gold falls7A point. That is to say, the overall market is declining10%Your gold position will fall0.7%It can be seen that although gold may fall less, it is still not as good as holding cash, at least there will be no loss.
Continue reading:http://www.fxgold.com/news/hjin15315a0.html