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Cable Update (GBPUSD)

  • #561,701
  • Nov 27, 2020 7:54am Nov 27, 2020 7:54am
Where is Gold heading? Anybody knows?

It has dropped 300 points from the high in August
  • #561,702
  • Nov 27, 2020 7:57am Nov 27, 2020 7:57am
here we go.. dollars turn to tank.
In tea leaves we trust!
  • #561,703
  • Nov 27, 2020 7:59am Nov 27, 2020 7:59am
...the bears have been trying all this all week but with strong bullish come backs...today repeating ?
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Trader with an Edge.
  • #561,704
  • Nov 27, 2020 7:59am Nov 27, 2020 7:59am
dont buy falling knife.. wait..
weekly
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  • #561,705
  • Nov 27, 2020 8:00am Nov 27, 2020 8:00am
fucking crooks , again dx at 91.855
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yes yes yes
  • #561,706
  • Nov 27, 2020 8:01am Nov 27, 2020 8:01am
Quoting Ehsank78
Where is Gold heading? Anybody knows? It has dropped 300 points from the high in August
Down, then up. Pretty simple.
Now at which price it stops going down, that's a million dollar question.
  • #561,707
  • Nov 27, 2020 8:01am Nov 27, 2020 8:01am
Quoting Headland
...the bears have been trying all this all week but with strong bullish come backs...today repeating ? {image}

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Follow The Markets Structure - Patience and Discipline
  • #561,708
  • Edited 8:27am Nov 27, 2020 8:01am | Edited 8:27am
Quoting Moty
fucking crooks , again dx at 91.855 {image}

...you sound like Trump lol ! 1hr below.

Quoting VM.
{quote} Down, then up. Pretty simple. Now at which price it stops going down, that's a million dollar question.
that one was pretty easy ...2nd test of that potential 1hr/4hr supp zone at a higher point than 1st time, and a 61.8% fib, and the reg bullish div on 1min - 5min and extreme o/s to 30min...5min below as the eg.
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  • #561,709
  • Nov 27, 2020 8:05am Nov 27, 2020 8:05am
Quoting Headland
...the bears have been trying all this all week but with strong bullish come backs...today repeating ? {image}
Looks likely. And as our friend pipfarm is saying, "this time it will break 1.34".
  • #561,710
  • Nov 27, 2020 8:06am Nov 27, 2020 8:06am
Quoting fxmasterdxb
{quote} 1800 is broken, 1767 is in the horizon {image}
Closed short, shifted to long on 1778
  • #561,711
  • Nov 27, 2020 8:13am Nov 27, 2020 8:13am
Quoting fxmasterdxb
{quote} Closed short, shifted to long on 1778
1769 is the next resistance level for me.

edit - i'm wrong about es - it jsut impish.
In tea leaves we trust!
  • #561,712
  • Nov 27, 2020 8:13am Nov 27, 2020 8:13am
Quoting VM.
{quote} Looks likely. And as our friend pipfarm is saying, "this time it will break 1.34".

Not a done deal yet but is looking good, gold hit weekly support and dxy heading down with all majors gaining against the dollar rapidly , there is a very good chance for bulls now, only thing holding it back is this damn brexit
Follow The Markets Structure - Patience and Discipline
  • #561,713
  • Nov 27, 2020 8:15am Nov 27, 2020 8:15am
Quoting Mcbeaners
{quote} 1769 is the next resistance level for me. edit - i'm wrong about es - it jsut impish.
I actually have 1767, I prefer to long ahead of time to ensure i catch the swing back, dont mind 10$ draw down
  • #561,714
  • Nov 27, 2020 8:16am Nov 27, 2020 8:16am
Come on dancing again
  • #561,715
  • Nov 27, 2020 8:29am Nov 27, 2020 8:29am
Quoting fxmasterdxb
{quote} I actually have 1767, I prefer to long ahead of time to ensure i catch the swing back, dont mind 10$ draw down
indeed lot size and risk management takes the stress out.

silver is going to outperform gold imo. let's see.
In tea leaves we trust!
  • #561,716
  • Nov 27, 2020 8:34am Nov 27, 2020 8:34am
Quoting Mcbeaners
{quote} indeed lot size and risk management takes the stress out. silver is going to outperform gold imo. let's see.
I dont trade silver, gold works for me
  • #561,717
  • Nov 27, 2020 8:34am Nov 27, 2020 8:34am
Quoting fxmasterdxb
{quote} Closed short, shifted to long on 1778
my tp is 1770
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yes yes yes
  • #561,718
  • Nov 27, 2020 8:35am Nov 27, 2020 8:35am
just a try to apply a Wyckoff scheme
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  • #561,719
  • Nov 27, 2020 8:36am Nov 27, 2020 8:36am
gold is droping like a stone and yet gbpusd and eur/usd are moving up.. whats happen
99.9% persistence
  • #561,720
  • Nov 27, 2020 8:46am Nov 27, 2020 8:46am
... can the bears stage a fightback ?
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