Us30 Trade Talks

12 oct 2019

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.