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Cable Update (GBPUSD)

  • #615,121
  • Aug 8, 2021 7:23pm Aug 8, 2021 7:23pm
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....
1.370
  • #615,122
  • Aug 8, 2021 7:37pm Aug 8, 2021 7:37pm
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,123
  • Aug 8, 2021 8:17pm Aug 8, 2021 8:17pm
Quoting Jolita
{quote} Inflation bad gold usually rise. Now its the oposite. GBP correlates with gold. I hope this crash will not effect GBP.
not consistantly though, gold had been trading east in tight range 1792 -1832 for 21 days, broke out south then dumped with nfp driving, I think it was obvious, but cant complain when pa confirms, in pull back now, 4hr looking really leggy and nasty but she did get close to previous daily lows 1677ish, again to be expected, I still see potential to test those lows??
If you are new to Forex? Say Goodbye to your account!!
  • #615,124
  • Edited 8:58pm Aug 8, 2021 8:23pm | Edited 8:58pm
Attachment Gfor me these level is important , if come back to channel . the mid level will be aimed , so ill aware of that , and price seem doesnt wanna retrace and going to hit hard below the nearest key kevel .

PS: for my vision and opinion that 1.38700 level now SBR for now as long as it hold , price will continues to 1.36500 first (the spot that may retrace again) , pendant pattern
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #615,125
  • Aug 8, 2021 8:58pm Aug 8, 2021 8:58pm
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Dxy Support also
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #615,126
  • Aug 8, 2021 9:29pm Aug 8, 2021 9:29pm
Will price retrace to 1.39020 or keep dropping

What do you think ???
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  • #615,127
  • Aug 8, 2021 9:42pm Aug 8, 2021 9:42pm
Quoting BigNumbers
Will price retrace to 1.39020 or keep dropping What do you think ??? {image}
usually if price going to going more , he will need consolidation more . its the rules . or else he will retrace
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #615,128
  • Aug 8, 2021 9:53pm Aug 8, 2021 9:53pm
Quoting BigNumbers
Will price retrace to 1.39020 or keep dropping What do you think ??? {image}
which area did you aim ? xD
the price will move in next 1 H candle , depend on how the candle close now
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #615,129
  • Aug 8, 2021 10:01pm Aug 8, 2021 10:01pm
Quoting kris89
{image}Dxy Support also
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,130
  • Aug 8, 2021 10:07pm Aug 8, 2021 10:07pm
Quoting kris89
{quote} which area did you aim ? xD the price will move in next 1 H candle , depend on how the candle close now
1.3895-1.391 today.
  • #615,131
  • Aug 8, 2021 10:20pm Aug 8, 2021 10:20pm
Quoting gatenio
{quote} 1.3895-1.391 today.
for daily candle of friday close , i`ll keep that are in my mind first . to get there price need to go pass 1.38700 first before going there , since the momentum still there , ill just trade sell only for today @1.38700 area whenever it bounce every time , worth the risk XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #615,132
  • Aug 8, 2021 10:26pm Aug 8, 2021 10:26pm
GBPUSD, Today i will wait for sell
Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,133
  • Aug 8, 2021 10:52pm Aug 8, 2021 10:52pm
to me above 3850, retest of friday high possible.
Intraday only.
  • #615,134
  • Aug 8, 2021 10:54pm Aug 8, 2021 10:54pm
Quoting kris89
{quote} for daily candle of friday close , i`ll keep that are in my mind first . to get there price need to go pass 1.38700 first before going there , since the momentum still there , ill just trade sell only for today @1.38700 area whenever it bounce every time , worth the risk XD
If you have your plan, stick to it.
most important thing.

Never listen to no one, just try to figure out how they did it if they do it good over and over again
  • #615,135
  • Aug 8, 2021 10:59pm Aug 8, 2021 10:59pm
Quoting gatenio
{quote} If you have your plan, stick to it. most important thing. Never listen to no one, just try to figure out how they did it if they do it good over and over again
yes , thanks gatenio .
you have my respect

the important is whenever price goes to opposite , then know when to exit and enter later XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #615,136
  • Aug 8, 2021 11:01pm Aug 8, 2021 11:01pm
Quoting gatenio
{quote} If you have your plan, stick to it. most important thing. Never listen to no one, just try to figure out how they did it if they do it good over and over again
yea, Market is right.
Intraday only.
  • #615,137
  • Aug 8, 2021 11:14pm Aug 8, 2021 11:14pm
Quoting KiwiTrada
{quote} not consistantly though, gold had been trading east in tight range 1792 -1832 for 21 days, broke out south then dumped with nfp driving, I think it was obvious, but cant complain when pa confirms, in pull back now, 4hr looking really leggy and nasty but she did get close to previous daily lows 1677ish, again to be expected, I still see potential to test those lows??
gold seems to have completed its pull back 50% of the bo dump watching this 4hr low for confirmation 1733 27 both au nu showing similar reversal of pull back 7020 & 7356 watching last hrly dojis as confirmation, time to sit on hands and wait!!!!
If you are new to Forex? Say Goodbye to your account!!
  • #615,138
  • Aug 8, 2021 11:17pm Aug 8, 2021 11:17pm
Quoting BigNumbers
Will price retrace to 1.39020 or keep dropping What do you think ??? {image}
imho price will retrace
  • #615,139
  • Aug 8, 2021 11:40pm Aug 8, 2021 11:40pm
Quoting gatenio
{quote} If you have your plan, stick to it. most important thing. Never listen to no one, just try to figure out how they did it if they do it good over and over again
This is bitter truth in trading. 100% Fact. If one can master this, Your a winner.

Cheers !
Fools Rushing
  • #615,140
  • Aug 8, 2021 11:40pm Aug 8, 2021 11:40pm
i cant even see the tiny bity candle of dxy and GBP , doji2
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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