Main trade ideas on Financial markets for 11.09.2018

DJ (USA30)

The Dow Jones index lost about 60 points for the last day or 0.23%. Investors have been waiting for the announcement of the new tax reductions since this week starts. Generally, the investors pay attention on the tech shares on this week. A lot of the blue chips lost a bit points on the last trading sessions.

For example, AAPL prices were loosing over 2% when Trump said that the tech giant may change its production place in the US instead of China because of the trade wars.

Meanwhile, having broken the strong resistance from the 28 January close level, the DJ is testing the all-time highs zone, but many of the shares may not allow breaking this level. That’s why we are going to sell its stocks from the 25700 level.

GOLD (XAUUSD)

Gold prices closed Monday quietly near previous close level. Gold had been losing the last hours of the trading day after it had grown over a couple of hours.

The bright metal was unable to recover the last looses because the US employment report which was released on the last Thursday, confirmed that Federal Reserve is going to rate hikes again. In general, the metal is trading in the downtrend and the daily chart shows that it is testing a bottom line of Ichimoku indicator. In the same chart, RSI is located near the 45 level while the Cayman shows 72% of buyers. it means that there is a higher risk of falling in a middle term..

So our targets for:
DOWJONES – set a sell stop from the 25700
GOLD – is selling to 1160 in a middle term period