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Cable Update (GBPUSD)

  • #615,101
  • Aug 8, 2021 5:55pm Aug 8, 2021 5:55pm
My goodness gold is just melting....
Extreme gut feeling trader
  • #615,102
  • Aug 8, 2021 5:58pm Aug 8, 2021 5:58pm
Quoting montygoldy
My goodness gold is just melting....
Holy moly just seen it! Should have shorted gold instead
Insane in the Brain..
  • #615,103
  • Aug 8, 2021 6:04pm Aug 8, 2021 6:04pm
Any info on why gold is moving like this
  • #615,104
  • Aug 8, 2021 6:06pm Aug 8, 2021 6:06pm
Quoting Nd10
Any info on why gold is moving like this
Almost a thousand pips down
  • #615,105
  • Aug 8, 2021 6:10pm Aug 8, 2021 6:10pm
Quoting Nd10
Gold is messing with peeps including me
Just sunk to 1700. Madness
  • #615,106
  • Aug 8, 2021 6:16pm Aug 8, 2021 6:16pm
Maybe it’s dollar strength
Insane in the Brain..
  • #615,107
  • Aug 8, 2021 6:17pm Aug 8, 2021 6:17pm
Gu is next....... Sell sell sell
My telegram: https://t.me/avidforex
  • #615,108
  • Aug 8, 2021 6:18pm Aug 8, 2021 6:18pm
did anybody read my gold post in mr scotts thread,,,you have missed a big move go look
  • #615,109
  • Aug 8, 2021 6:19pm Aug 8, 2021 6:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart (6).png Size: 119 KB
  • #615,110
  • Aug 8, 2021 6:20pm Aug 8, 2021 6:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart (5).png Size: 99 KB

EC Chart {image}
Hi Squawk still miss Mr S,,, what are you thoughts on gold please looking at this chart it is going down unless it breaks out of the box,,but look left,,,a nod to Mr S,,,,we can see the more unless same look, and the line through the 50 ema in both yellow ,,Cheers and Regards as ever E
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1628428794
  • #615,111
  • Aug 8, 2021 6:21pm Aug 8, 2021 6:21pm
Quoting BeeTogether
Maybe it’s dollar strength
Inflation bad gold usually rise. Now its the oposite.
GBP correlates with gold. I hope this crash will not effect GBP.
  • #615,112
  • Aug 8, 2021 6:24pm Aug 8, 2021 6:24pm
Quoting Wavegarrick
{quote} Hi Guys, All recent shorts closed. I am setting up for a cyclic upmove. I could be jumping the gun here but I take it for what it is in the here and now with stops in place, I have good cyclic bullish hints at the moment from a daily and weekly perspective, however, I don't discard a move to my monthly pivot at 1.38197 or 1.38000 for an overshoot. Have a great week, cheers. {image} {image}
good idea
now stand by for buy @1.3740-1.3760
Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,113
  • Aug 8, 2021 6:30pm Aug 8, 2021 6:30pm
GBP-USD just passing the daily 21 moving average at 1.38618, breaking 4 hour bottoms tested as resistance, if the Daily 21 moving average at 1.38618 can now act as resistance instead of support thats the 4 hour range its been in finally broken - and expecting short to 1.34815, which is the 0 on a fib to complete that ive been watching for a long time, GOLD is on the 61.8 fib level at 1689.42, if I wasnt so committed with my account in shorting the GBP-USD right now I would be considering a cheeky buy in GOLD without too much loss in the stop at that level, but its been a long time Ive seen gold short so fast on opening Sunday session, - wow! Well its bed time, lets see if my buy in gold at 1695.09 (sim trading) pays off and my short (REAL £) in the GBPUSD is fruitful in the morning - happy trading guys!
If you don't earn from it you learn from it
  • #615,114
  • Aug 8, 2021 6:30pm Aug 8, 2021 6:30pm
BREAKING: GOLD PRICE FORECAST: XAU/USD SLUMPS TO FRESH YEARLY LOW UNDER $1,700 ON STRONG USD
9 August 2021, 02:14

 

  1. Gold extends Friday’s south-run to refresh yearly low.
  2. US Dollar remains firmer amid downbeat stock futures, firmer Treasury yields.
  3. US jobs report favor bears, stimulus talks, covid updates adds to the woes.
  4. Gold Weekly Forecast: XAU/USD eyes $1,750 on NFP-inspired USD strength

Gold drops to fresh low of 2021, below $1,700, amid the early Monday morning in Asia.

More to come....

  • #615,115
  • Aug 8, 2021 6:33pm Aug 8, 2021 6:33pm
Quoting bilal1947
still i have missed to mark a few more points where could be potential entries {image}
like a wyckoff analyst?
Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,116
  • Aug 8, 2021 6:35pm Aug 8, 2021 6:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: rgbhn.png Size: 116 KB

My trade plan gbpusd use stop loss 30 pip tp 50 pip /entry
just wait and see for $$$


INDICATOR :
-BOLLINGER BAND (STANDAR)
-LWMA 5 HIGH (RED)
-LWMA 10 HIGH ( YELLOW)
-LWMA 5 LOW (MAGENTA)
-LWMA 10 LOW (WHITE

USE TIME FRAME M30
Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,117
  • Aug 8, 2021 6:45pm Aug 8, 2021 6:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210809-003445.png Size: 124 KB
can this play out with Gold using W1 chart?
  • #615,118
  • Aug 8, 2021 6:48pm Aug 8, 2021 6:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210809-004709.png Size: 113 KB
  • #615,119
  • Aug 8, 2021 7:16pm Aug 8, 2021 7:16pm
Instead of retracement; GU prefers to RANGE before dropping.. This is because both pairs are strong at the moment.. but it won't be long one of them will give in!
My telegram: https://t.me/avidforex
  • #615,120
  • Aug 8, 2021 7:20pm Aug 8, 2021 7:20pm
Quoting Nd10
BREAKING: GOLD PRICE FORECAST: XAU/USD SLUMPS TO FRESH YEARLY LOW UNDER $1,700 ON STRONG USD 9 August 2021, 02:14 Gold extends Friday’s south-run to refresh yearly low. US Dollar remains firmer amid downbeat stock futures, firmer Treasury yields. US jobs report favor bears, stimulus talks, covid updates adds to the woes. Gold Weekly Forecast: XAU/USD eyes $1,750 on NFP-inspired USD strength Gold drops to fresh low of 2021, below $1,700, amid the early Monday morning in Asia. More to come....
I dont buy this USD strength. In other words traders closing Gold shorts, Gold will rise and GBP with it. USD will crash along with it's tapering program.

Unless this triggered due to Waveggarrick's swaps?
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