Gold investing chart updated "gold investing chart"
Updated "gold investing chart" analysis shows Bollinger Bands tightening, which could signal imminent volatility; traders often prepare breakout strategies under these chart conditions. Generally speaking, investors are inspired to be stock pickers by the potential to find the big winners. Not every pick can be a winner, but when you pick the right stock, you can win big. One bright shining star stock has been Torex Gold Resources Inc. ( TSE:TXG ), which is 471% higher than three years ago. It's also good to see the share price up 31% over the last quarter. David Barrett , CEO of the UK division of global brokerage firm EBC Financial Group, is also keeping an eye on central bank purchases of gold. “I still see the global central bank buying as the main driver — as it has been over the last 15 years,” the expert said in an email to INN. "This demand removes supply from the market. They are the ultimate buy-and-hold participants and they have been buying massive amounts." The "gold investing chart" highlights a rising wedge pattern forming over the past six sessions, which could translate to short-term volatility once price compresses near apex levels.
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