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Cable Update (GBPUSD)

  • #618,361
  • Aug 20, 2021 6:00am Aug 20, 2021 6:00am
Quoting Ayax.TSS
#GBPUSD / H4{image}

LIKE IT
Like me, cuts losses quickly. But has more patience and lets his winn
  • #618,362
  • Aug 20, 2021 6:03am Aug 20, 2021 6:03am
GU and EU is going down for days but i don't know why XAUUSD is not going down? XAGUSD is falling as well but there's something fishy about Gold. Can someone explain what i am missing?

Btw how you like my new Profile Photo? His name is Kim Busik.
You have to have an IQ higher than 90 to interact with this user.
  • #618,363
  • Aug 20, 2021 6:04am Aug 20, 2021 6:04am
Quoting gatenio
{quote} I know.. not a developer, a master! im using his old version.
you are right, I learned a lot from him, I'm new to using the tool, fantastic
Daddy, Brother, Lover, Little Boy
  • #618,364
  • Aug 20, 2021 6:07am Aug 20, 2021 6:07am
Quoting Nordling00
GU and EU is going down for days but i don't know why XAUUSD is not going down? XAGUSD is falling as well but there's something fishy about Gold. Can someone explain what i am missing? Btw how you like my new Profile Photo? His name is Kim Busik.
In my head, that's manipulation.... But I don't know much,lol....shows thats early signs that this bearishness is coming to an end
  • #618,365
  • Aug 20, 2021 6:08am Aug 20, 2021 6:08am
Quoting Nordling00
GU and EU is going down for days but i don't know why XAUUSD is not going down? XAGUSD is falling as well but there's something fishy about Gold. Can someone explain what i am missing? Btw how you like my new Profile Photo? His name is Kim Busik.
Important support/demand around 1670-1700
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  • #618,366
  • Aug 20, 2021 6:10am Aug 20, 2021 6:10am
Gold is heading towards 1900 and 2000...no point to chase shorts at 17xx.
Everyone can see the chart, but only a few can actually read it.
  • #618,367
  • Aug 20, 2021 6:12am Aug 20, 2021 6:12am
Quoting KiwiTrada
dix trying very hard to get through previous daily high 9358, will require big effort, if so could pop nicely
3hrs later bo & retest of 9358 completed? will she push onto 9400 +
If you are new to Forex? Say Goodbye to your account!!
  • #618,368
  • Aug 20, 2021 6:14am Aug 20, 2021 6:14am
.... is it beginning to look ' accumulative ' on 1hr now? Certainly does 30min and below? Ie tightish range, break up, equal lo/no new lo etc...Time will tell.
Trader with an Edge.
  • #618,369
  • Aug 20, 2021 6:17am Aug 20, 2021 6:17am
If we see on weekly chart it is up trend, EMA 50,100,200,daily chart stoch is in deep and ready to turn up, on 4H chart stoch is cross and make up trend.but it will not go like its convert in side way trend and then it break for up, and may be news effect make it like ..my opinion, not much expert.
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  • #618,370
  • Aug 20, 2021 6:18am Aug 20, 2021 6:18am
Quoting Headland
.... is it beginning to look ' accumulative ' on 1hr now? Certainly does 30min and below? Ie tightish range, break up, equal lo/no new lo etc...Time will tell.
the range has been pretty tight all morning, although I’m now short I might get out if there is no real movement by the time NYO. I see a last drop below 136 is needed to for a potential aggressive long but that might be next week now. The Uk data was not enough for 136 to crack
Insane in the Brain..
  • #618,371
  • Aug 20, 2021 6:21am Aug 20, 2021 6:21am
Quoting emuszy
{quote} In my head, that's manipulation.... But I don't know much,lol....shows thats early signs that this bearishness is coming to an end
Well but Silver doesn't show those signs, and these two move together for the most part, but they are not really moving together this time. Which is making me suspicious

Quoting mysterio
{quote} Important support/demand around 1670-1700 {image}
Seems fair. Do you think it will go back to that demand zone again or hit the supply zone first?

Quoting OnlineAddict
Gold is heading towards 1900 and 2000...no point to chase shorts at 17xx.
But why? Elaborate on that please.
You have to have an IQ higher than 90 to interact with this user.
  • #618,372
  • Aug 20, 2021 6:23am Aug 20, 2021 6:23am
Quoting Nordling00
{quote} Well but Silver doesn't show those signs, and these two move together for the most part, but they are not really moving together this time. Which is making me suspicious {quote} Seems fair. Do you think it will go back to that demand zone again or hit the supply zone first? {quote} But why? Elaborate on that please.
Yeah it seems the dollar is breaking out so Gold might fall back down next week

Maybe the rise is part of a general flight to quality after the markets were spooked this week with the geopolitical situation in the middle east

I'd look for a sell at 1850ish
  • #618,373
  • Aug 20, 2021 6:25am Aug 20, 2021 6:25am
Quoting mysterio
{quote} Yeah it seems the dollar is breaking out so Gold might fall back down next week Maybe the rise is part of a general flight to quality after the markets were spooked this week with the geopolitical situation in the middle east
happened during the Arab spring too gold nearly hit 2k but that was also an accumulation of the credit crunch era but then it dropped like a lead balloon too not long after. That’s when I stopped trading gold
Insane in the Brain..
  • #618,374
  • Aug 20, 2021 6:26am Aug 20, 2021 6:26am
Quoting Bigbul
If we see on weekly chart it is up trend, EMA 50,100,200,daily chart stoch is in deep and ready to turn up, on 4H chart stoch is cross and make up trend.but it will not go like its convert in side way trend and then it break for up, and may be news effect make it like ..my opinion, not much expert. {image} {image} {image}

I think the last few fractal swings on the wkly t/f would either suggest an uptrend in trouble, or a ranging situation 3669 (the 1st HL) - 4249 (the H) that currently shows more signs of a break to the downside on this wkly t/f,? particularly after the 1st break to the downside @ 3572 (the L) pulled back to the LH and has been sold again, and if it breaks the 3572 lo we will see a fractal LL on this t/f at some pont.

wkly below.
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Trader with an Edge.
  • #618,375
  • Aug 20, 2021 6:32am Aug 20, 2021 6:32am
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  • #618,376
  • Aug 20, 2021 6:32am Aug 20, 2021 6:32am
looks like dxy will slip soon
Daddy, Brother, Lover, Little Boy
  • #618,377
  • Aug 20, 2021 6:50am Aug 20, 2021 6:50am
The 1.35 coming very soon. GBPUSD bearish.

DXY bullish.

Trade safe.
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  • #618,378
  • Aug 20, 2021 6:55am Aug 20, 2021 6:55am
Weekly chart I’m expecting short to complete a fib back to the zero at 1.34815, if it can break the support at 1.36088

The week retraced to the 61.8 reached the 161.8 and now should finish at the zero to complete -
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If you don't earn from it you learn from it
  • #618,379
  • Aug 20, 2021 6:56am Aug 20, 2021 6:56am
Quoting Mr.Burger
looks like dxy will slip soon
slip up or slip down??
If you are new to Forex? Say Goodbye to your account!!
  • #618,380
  • Aug 20, 2021 7:03am Aug 20, 2021 7:03am
Quoting KiwiTrada
{quote} slip up or slip down??
down of course
Attached Image (click to enlarge)
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Daddy, Brother, Lover, Little Boy
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