✍️🎄 Weekly Trade Plan & Recap 24th - 29th Dec
In this issue, why Copper could be the next big bull run after Gold and Silver. Plus analysis on Gold, Silver, the Dollar Index, S&P 500, Bitcoin and strategy tips.
The Dollar Index (DXY)
Last week I mentioned the Dollar had returned to the major triangle trendline on the weekly chart and I gave two possible targets if a bullish trend starts.
It’s a bit early to say if the market will turn, so we started with a half size long position and will add another half if price action and structure confirm.
Gold & Silver
Meanwhile, the remaining 25% of our Gold and Silver positions are still running.
Here are the charts showing entries and exits, all called live in the Substack chat and published in prior newsletters.
Copper
Before we move on to the members section, here’s a Christmas present for free subscribers (with the necessary proviso that this is not investment advice and for education only) …
If you missed the bull run in Gold and Silver, this metal is still at the starting gates. I have to say, price action and structure are looking pretty decent.
Notice the bull channel on the weekly chart and how the candles made rejection wicks into the upper trendline.
Additionally, the spike (stop hunt) through the red line at the lows may mean it’s done with the downside.
First target will be Supply at 4.28. The stop loss goes below the spike low at 3.54.
Next up, for members only, we’ll look at this weeks analysis, including the Dollar Index, Gold, Silver, S&P 500, WTI Oil, Bitcoin and WOO/USDT. Plus, as it’s Christmas, grab a coffee and a mince pie and we’ll recap on trading strategy. 👇🏼👇🏼👇🏼
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