CFDs on CopperUpdated Copper
We hit a weekly SD zone in copper. But was it enough? I'd gladly see gold come down to the 1600. Gold (H12) is also at a resistance zone with divergence, could we get one more push down in metals? And one more push down in stocks and cryptos and DXY up?
One other thing that supports gold 1600 and copper also going one more leg is the speed and strength it came down with.
For the North trade, I'd like us to show weakness southwards and strength northwards into one of the SD zones
One other thing that supports gold 1600 and copper also going one more leg is the speed and strength it came down with.
For the North trade, I'd like us to show weakness southwards and strength northwards into one of the SD zones
Note
I've moved the smaller red box up just a bit. We're extended so I can't see any trades. However we're coming in with quite some strength here.
50/50 if we're gonna keep on going up, or if we will reverse down.
Nothing to do at the moment.
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