XCUUSD reversed from intermediate resistance, potential drop!
XCUUSD reversed off its intermediate resistance at 2.61678 where it could potentially drop further to 2.45787.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Xcuusd (Copper)
XCUUSD reversed from intermediate resistance, potential drop!
XCUUSD reversed off its intermediate resistance at 2.61678 where it could potentially drop further to 2.45787.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD reversed from intermediate resistance, potential drop!
XCUUSD reversed off intermediate resistance at 2.61678 where it could potentially drop further to 2.45787.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD to reverse from downside confirmation, potential drop!
XCUUSD to reverse from its downside confirmation at 2.53436 where it could potentially drop further to 2.50228.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD - on radar for investmentOne 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 this one: hence confidence in my analysis rose :)
Monthly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XCUUSD reversed from intermediate resistance, potential drop!
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.
$2.50 Copper Shorts Incoming? 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