Jump to content
Sign in to follow this  

IG's Trade of the Week

Recommended Posts

CB is taking on the Dax this week, nothing if not brave calling a short with a stop above 12551 (or more conservative above 12740), so far looking good but also looks to have a far bit of support to work through before first target of 12070 on what looks to be an upward sloping chart though admittedly a very gentle incline.

 

Watch Dow for clues as to which way this is heading. The Dow also appears to be struggling today but it too has a far bit of support underneath, not least the 100ma, if Dow can take that on the 1 hour we may well be on for a retest of the trendline on the dax chart.

 

 

https://www.ig.com/uk/trade-of-the-week-ig?CHID=3&QPID=12896&tid=e17edb1dd7f47ddb1a2415d0bae37e3f

 

GER30(£)H1.pngUS30(£)H1.png

Share this post


Link to post

GOLD long. Having got off on the wrong foot Monday now looking to break through resistance into clear space.

 

XAUUSD(£)H1.png

Share this post


Link to post

Having broken through resistance noted in the previous post from this morning Gold now looking to test 1340.9

 

XAUUSD(£)H1.png

Share this post


Link to post

The gold long reached initial target before pulling back, will be interesting to see if price can break 1340.9 and target 1361 - 1365 prior highs.

 

 

XAUUSD(£)H1.pngXAUUSD(£)Daily.png

Share this post


Link to post

Cohn last night can’t have helped the equity markets so probably why this is working out so well.

 

Casey would you be selling some of the position? Average out a bit or hope that trumps going to continue be his usual self...

Share this post


Link to post

The Cohn news helped the trade to target but it was already well on it's way. Pity the IG staff having to call a trade every Monday morning (at circle A), looked better when attacking that resistance at B, after breaking resistance the obvious target was C.

 

Being more short term if I was in this trade the initial target was good (1341) and if there was a determined push through bar then stay in, but the level was recognised and price turned back so I would have been content to get out and look for a possible re-entry.

 

For a longer term trader the daily chart shows good potential for continued gains if the 1341 level breaks.

 

 

XAUUSD(£)H1.pngXAUUSD(£)Daily.png

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,797
    • Total Posts
      65,706
    • Total Members
      86,597
    Newest Member
    Kinfinity
    Joined 26/10/20 18:57
  • Posts

    • Hoorah 😘  
    • This ...   to generate enough fear and despair to ensure this ... which is essentially a loss of national sovereignty and a loss of personal freedoms and liberties. In the future Google will tell you what's true or not, Zuckerberg will tell you what you're allowed to say or not, Greta will tell you what you're allowed to do or not while Gates will tell you which medical interventions and treatments will be mandatory or not.   Meanwhile back to Sweden ...   While in Wales you can look but you can't buy (this is what stupidity looks like) ...  
    • I see this quite often too.... not sure if these spikes happen in an instance ..
×
×