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Disliked{quote} Gold's upmove is because of war tensions. This is not supported at all. If we look at market demand, historically, March is a huge sell for metals (notice cyclical demand). Technically, a Doji Star bearish has been formed on the daily and three black crows on the 15mins (see attached files). DXY has also just begun a huge rally and when money flows return to equities, the DXY rally will only strengthen. All these point to metals losing strength in the upcoming days/weeks. I will not be surprised if news break out that will suggest the war...Ignored
Disliked{quote} Gold bulls in trouble....more sanctions imposed on Russia but Gold still slipping away....biggest bull trap ever. I have closed my shorts...great profits. Waiting to see if Gold bounces...if 1910 can be regained, then Bulls still have a chance..buy trade could be buy here (1904) to 1910 and bullish bat (if completed) to 1925.Ignored
DislikedI was shorting this pair yesterday and now left with 2 shorts which are locked in at b/e+...time for my zzzzz.. {image}Ignored
Disliked{quote} everyone is different but is ok, market is moving both sideIgnored
Disliked{quote} If anything, going long on GBP/JPY would be your best bet to make money by mid-March. If you want to TP with a 2 weeks timeframe, you need to assess the monthy charts. There is a bullish engulfing which means GBP/JPY should propel higher. Earlier, Bailey's speech essentially highlights that the outlook for UK is positive. Speculative news are just speculative. Remember, when Trump got elected, everyone freaked out and JPY gained like crazy. Once the effect wears off, people would realize their overreaction and GBP/JPY would rally the hardest....Ignored