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Cable Update (GBPUSD)

  • #557,981
  • Nov 9, 2020 8:31am Nov 9, 2020 8:31am
Quoting fxmasterdxb
{quote} Yes, and most importantly using Fibo extension to determine next move {image}
Extension is very powerfull tool
  • #557,982
  • Nov 9, 2020 8:42am Nov 9, 2020 8:42am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 41 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 37 KB
yes yes yes
  • #557,983
  • Nov 9, 2020 9:01am Nov 9, 2020 9:01am
bears cant take it..
awful..
second time in a row they miss the close 1h chart
the gold will correct and they will cry.
  • #557,984
  • Nov 9, 2020 9:06am Nov 9, 2020 9:06am
It doesn't look like it can push lower? We might see above 1.32 after all? Am I seeing a double bottom on m30/h1?
  • #557,985
  • Nov 9, 2020 9:07am Nov 9, 2020 9:07am
Quoting gatenio
bears cant take it.. awful.. second time in a row they miss the close 1h chart the gold will correct and they will cry.
What's the correlation with gold ? i haven't seen any
COT: The precious data ignored
  • #557,986
  • Nov 9, 2020 9:08am Nov 9, 2020 9:08am
Quoting kuroro001
{quote} What's the correlation with gold ? i haven't seen any
Gold correlates strongly with EUR/USD, EUR/USD correlates strongly with GBP/USD and EUR/GBP...

I will tear the world apart for you.
  • #557,987
  • Nov 9, 2020 9:12am Nov 9, 2020 9:12am
Quoting Barnell
{quote} Gold correlates strongly with EUR/USD, EUR/USD correlates strongly with GBP/USD and EUR/GBP...
I have quickly check XAU/GU correlation, from h1 to monthly its going to negative to positive correlation
Its not stable at all

I wouldn't use it to hedge GU trades
COT: The precious data ignored
  • #557,988
  • Nov 9, 2020 9:13am Nov 9, 2020 9:13am
Quoting Ehsank78
{quote} Are you expecting Gold to go back to 1900 level soon or stay below 1850 for time being.
Well if we retrace after hitting 1835-1825 I expect at least $70 move
  • #557,989
  • Nov 9, 2020 9:17am Nov 9, 2020 9:17am
Quoting kuroro001
{quote} What's the correlation with gold ? i haven't seen any
you havnt saw it today..right.
but it have some
  • #557,990
  • Nov 9, 2020 9:20am Nov 9, 2020 9:20am
Quoting gatenio
{quote} you havnt saw it today..right. but it have some
Based on history, it looks random, not something you can rely on
One day correlated, the next day its not
COT: The precious data ignored
  • #557,991
  • Nov 9, 2020 9:21am Nov 9, 2020 9:21am
Quoting kuroro001
{quote} Based on history, it looks random, not something you can rely on One day correlated, the next day its not
true, but when gold drop like this and gu dont, when gold will rise some, it will stop gu from drop.. we saw it right now basically

maybe just in my head
  • #557,992
  • Nov 9, 2020 9:24am Nov 9, 2020 9:24am
Quoting gatenio
{quote} true, but when gold drop like this and gu dont, when gold will rise some, it will stop gu from drop.. we saw it right now basically maybe just in my head
Or we can turn it around ?

If GU doesn't drop while Gold drops then it means Gold drop is fake?
COT: The precious data ignored
  • #557,993
  • Nov 9, 2020 9:34am Nov 9, 2020 9:34am
1.31000 in the making
Attached Image(s) (click to enlarge)
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yes yes yes
  • #557,994
  • Nov 9, 2020 9:36am Nov 9, 2020 9:36am
Quoting kuroro001
{quote} Or we can turn it around ? If GU doesn't drop while Gold drops then it means Gold drop is fake?

Absolutely!

But when gold gets back up, maybe soon enough? the Cable will...
Maadik Hugiis. IQ 69.
  • #557,995
  • Nov 9, 2020 9:36am Nov 9, 2020 9:36am
Quoting Moty
1.31000 in the making {image}
Don’t see that happening buddy, maybe a little drop followed with a move higher
  • #557,996
  • Nov 9, 2020 9:45am Nov 9, 2020 9:45am
Quoting Moty
1.31000 in the making {image} {image}
Buddy, steam's running out. Doubt it can make a 50 pips drop now. Don't think anything gonna happen till tomorrow.

Could be wrong though.
I will tear the world apart for you.
  • #557,997
  • Nov 9, 2020 9:51am Nov 9, 2020 9:51am
Quoting Barnell
{quote} Buddy, steam's running out. Doubt it can make a 50 pips drop now. Don't think anything gonna happen till tomorrow. Could be wrong though.
Today routine, sell gold, keep looking at cable chart waiting for it to move
  • #557,998
  • Nov 9, 2020 9:53am Nov 9, 2020 9:53am
Quoting Barnell
{quote} Buddy, steam's running out. Don't think anything gonna happen till tomororw.

indeedy.. the USD had a good day it could be a one off, however im not too sure
Insane in the Brain..
  • #557,999
  • Nov 9, 2020 9:56am Nov 9, 2020 9:56am
Goldman-Sachs-Dampers
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Maadik Hugiis. IQ 69.
  • #558,000
  • Nov 9, 2020 9:58am Nov 9, 2020 9:58am
Quoting Barnell
{quote} Buddy, steam's running out. Doubt it can make a 50 pips drop now. Don't think anything gonna happen till tomorrow. Could be wrong though.
only 40
it is tp for the move , it can happened today or even tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 57 KB
yes yes yes
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