jpabliot

Us30 Trade Talks

Long
OANDA:US30USD   US Wall St 30
Us30 and xau/usd have a strong inverse correlation,this two had been moving due to the trade talks between Usa and China, at this point Donald Trump said that us has come to a substantial phase one deal china, this may give confidence to investors to be back at USD looking for more volatility, the technical analysis is bullish in 4h, for 1D a resistance zone has been broken at the previous lower high aiming for a bullish continuation following momentum, I waiting for valid retracement over 61.80% or even 78.6 fibonacci before entering the buy, You can look for a sell to 26521.7 if there is enough confirmations to sell. As a personal advise wait to the pivot point or confluence area to take the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.