One for patience building.
Let's see when the pullback will start and how low it may go. First area of interest is between 2.43 - 2.50. If this won't hold, next (and preferred) area is between 2.25 - 2.30. In both cases aiming at least for 3.00. Let's not predict and give it some time.
In the time of putting this together, I also noticed @ridethepig 's idea on...
XCUUSD reversed off its intermediate resistance at 2.49462 where it could potentially drop further to 2.46398.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD bounced off 2.46398 where it could potentially rise further to 2.50421.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hi traders:
COPPER is looking like a high probability setup, as the price has formed an ascending channel within the larger running channel, and at the top of its structure.
I will be patiently waiting for a confirmation breakout and look for small correction to scale in the short.
Thank you
XCUUSD bounced off 2.47812 where it could potentially rise further to 2.52854.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper reached a peculiar zone of confluence:
we see a perfect match of a horizontal daily structure, resistance line of a rising wedge pattern and fib.levels of the last major bearish legs.
based on that the chances are high the price will retrace to the support of the wedge.
also, look for a potential bearish breakout of the wedge.
it will trigger a selling...
XCUUSD bounced off 2.42160 where it could potentially rise further to 2.52549.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD bounced off 2.42160 where it could potentially rise further to 2.52549.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD bounced off 2.42516 where it could potentially rise further to 2.52549.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hi Traders,
A Quick update on my thougts for Copper, I will be looking for short opportunites around the $2.50 level. Multiple supply zones align at that level together with .618 Fibonacci, an additional confluence is the psychological price of $2.50 which will act as resistance as well.
Best,
Don Deesker
XCUUSD bounced off 2.36914 where it could potentially rise further to 2.52549.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD bounced off 2.36914 where it could potentially rise further to 2.52549.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD bounced off 2.36914 where it could potentially rise further to 2.52549.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD bounced off 1767.712 where it could potentially rise further to 1666.854.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
