Looks like gold still has some momentum. Todays fed decision to leave rates unchanged gave gold a bit of a boost but in early Asian session gold has given back its gains. Short term trend is still bullish. I'm carefully bullish for now. Keep in mind that Gold and Silver ratios still suggest one more mayor move to the downside before the big move up! The question...
1) Trend is your friend! 2) Bull flag 3) Resistance now turned support! Like share comment and FOLLOW for more trade ideas and updates!
Not looking too good for Copper. A break of 2.00 should send Copper to test the bottom of this wedge formation at around 1.8 area. Could even go as far as low 1.7 to 1.50 in which case it will be a screaming buy. Copper along with other metals like gold and silver are looking to complete their final leg down. Like comment and follow for more trade updates and...
Patiently waiting for this pair to get in that red zone!! This is the type of trade that can potentially make 5-6-7-8-9-10:1 I'm excited to see how it will play out. Like and follow for trade updates and more trade ideas!!