(News Bulletin 247) – This article, with open access, is produced by the stock market analysis and strategy research team at News Bulletin 247. To ensure you don’t miss any opportunities, consult all the analyzes and discover our portfolios by accessing our Privileges area.
The News Bulletin 247 team has selected an indexing product, of the 100% certificate type, which allows exposure, without leverage, to the dynamics of gold, a raw material in great shape which constitutes a safe haven par excellence. A relevant choice against a backdrop of chronic geopolitical questions.
Christopher Dembik, investment strategy advisor at Pictet AM, talks about localized geopolitical tensions for 2024.
“Venezuela has territorial designs on neighboring Guyana in order to obtain its reserves of low hydrogen sulphide oil (high quality oil). The Houthis close to Iran are increasingly threatening international trade, which will certainly provoke a response from the international community. Finally, tensions between China and the Philippines rose a notch at the beginning of the month over a few atolls located in the South China Sea. We can expect that geopolitical risk will be an important marker next year.”
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the GOLD PI OPENB certificate makes it possible to identify an upward trend in the short term as well as in the medium term. No slowing movement is to be reported in the sense of the dynamics of the RSI oscillatory (relative strength index). A crossing of 168.10 euros would release additional buying energy.
FORECAST
In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a purchasing position on the GOLD PI OPENB certificate, at the current price, with €185.00 in their sights. A protective stop must be placed at €159.80.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
