XCUUSD bounced off 2.28890 where it could potentially rise further to 2.52000. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XCUUSD bounced off 2.32427 where it could potentially rise further to 2.52000. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XCUUSD is approaching support at 2.40267 where it could potentially rise further to 2.52000. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XCUUSD approaching support at 2.38331 where it could potentially rise further to 2.45891. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XCUUSD bounced off 2.50608 where it could potentially rise further to 2.55140. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
In "Copper Tempest" (see related ideas), I analyzed the macro-view on Copper. Now it's time to act. My trade starts from 2.8462 with final target of 2.8125 (end of first corrective wave). Stop Loss set at 2.8537. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and...
If you like this idea, don't forget to hit the Like Button and to Follow Me! Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019). However, we still live on...
The Doc will pass his verdict as to the broad global slowdown in the very near future, folkz!
Copper might go lower due because it looks like its forming pennant. However, the pennant could be penetrated from the top and go further up. I have bearish sentiment on this metal since it is one of the indicators global economy is going down and in the last year copper lost around 4% of its value.
"In the name of Allah, the Most Gracious, the Most Merciful" XCUUSD Supply & Demand Zone. Note: This is only for Educational Purpose this is not Investment advice. Thanks Adil Khan.
XCUUSD has formed a head and shoulders pattern, a break below the neckline will signify more downside.
Head and shoulder on copper, wait for close. For the TP of a HS, measure the pips between the tip of the head and the left shoulder neckline! Much LOVE<333 Follow for more ideas!! <3
Wait for a close below. The first TP is at the 0.681 fib, the second TP is at the 1.
The rising wedge forming on XCUUSD is to be treated as a continuation pattern. Wait for the break of the wedge with a 4hr close below.
Bearish price action seen, price respecting PRZ. RSI at overbought level, good to short anytime. Aim for 38.2% and 61.8 fib levels.