Hello Traders,
today we want to share with you the
XCUUSD
as it seems to reach our next critical area.
Looking at the long-term perspective, after the US elections in November 2016, the market broke out the consolidation phase around 2.0000 and initiated a long movement. Currently market consolidates again around 2.44-2.80 and on the H4-perspective market currently moves in our critical area of 2.69 for a possible reaction to the downside before market may hit weekly resistance again around 2.800.
If we take a look at our inter-market indications, it shows that we are currently moving in an extreme inflow area where capital flow may reach a point to turn and switch direction on mid-term. We currently take the ratio of Copper vs.
SPX
,
DXY
,
US10Y
. We always mention the important of inter market analysis to time our trades and the movement around reaction points better. As it seems that investors may take their profits at current reaction point which could lead to lower prices.
Taking into account the current situation it may seem that the market trades a little lower before we see the breakout to the upside towards weekly resistance level of around 2.800.
We wish you much success and hope you had a great and successful trading week.
As always please use a stop loss while trading and take care.
To you success,
Secrets2Trade
today we want to share with you the
XCUUSD
as it seems to reach our next critical area. Looking at the long-term perspective, after the US elections in November 2016, the market broke out the consolidation phase around 2.0000 and initiated a long movement. Currently market consolidates again around 2.44-2.80 and on the H4-perspective market currently moves in our critical area of 2.69 for a possible reaction to the downside before market may hit weekly resistance again around 2.800.
If we take a look at our inter-market indications, it shows that we are currently moving in an extreme inflow area where capital flow may reach a point to turn and switch direction on mid-term. We currently take the ratio of Copper vs.
SPX
,
DXY
,
US10Y
. We always mention the important of inter market analysis to time our trades and the movement around reaction points better. As it seems that investors may take their profits at current reaction point which could lead to lower prices. Taking into account the current situation it may seem that the market trades a little lower before we see the breakout to the upside towards weekly resistance level of around 2.800.
We wish you much success and hope you had a great and successful trading week.
As always please use a stop loss while trading and take care.
To you success,
Secrets2Trade
Bình luận:
We have reached now the first critical zone as market already shows some reaction around current trading level. If you have short positions please keep that zone in mind! We moved our Stopp to break even and booked 1/3 of our short call.
Bình luận:
Trade is still active and in a very good profit!
