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Cable Update (GBPUSD)

  • #658,501
  • May 9, 2022 3:38pm May 9, 2022 3:38pm
Quoting elbert3
{quote} i have 1819 at 161 fib ext and target 1765
Im not analysing too much Gold becouse thats not my super pair for trade this days, I think 1850 is super strong level, or was, but yes, can go much deeper that GU can too dive some, for me Gold should be now at 2100 level but strong dollar taking it down, when you shorting it I wish you good luck
People don't plan to lose. They lose because they don't plan.
  • #658,502
  • May 9, 2022 3:46pm May 9, 2022 3:46pm
The way I see this, BoS D1 to trap sellers and confirmation at SRF zone, than continuation of the main trend, I could be wrong too
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People don't plan to lose. They lose because they don't plan.
  • #658,503
  • May 9, 2022 4:03pm May 9, 2022 4:03pm
Quoting ScalaFX
{quote} Im not analysing too much Gold becouse thats not my super pair for trade this days, I think 1850 is super strong level, or was, but yes, can go much deeper that GU can too dive some, for me Gold should be now at 2100 level but strong dollar taking it down, when you shorting it I wish you good luck
If you considerer the 2 top consumers of gold. By far is China and India. For mostly cultural reasons, ceremonies, weddings and such. The rising usd has made those cultures spend more for necessities like food. The demand (demand and less supply) for food will make it rise for everyone. This will include animal feed . Those cultures who pumped up demand for gold the last 40 years, will demand gold less. They may also sell some of the gold, they have accumulated the last 40 years. At same time the usd is rising. Gold could easily fall to 1000 or less. I will go out on a limb and target 1559. 2.8 billion people have created demand for gold. That's about 30% of the worlds population. Less discretionary spending means less gold demand. Less discretionary spending. means less jobs in China and India. Less jobs there, means a snow ball affect. People without a job, buy less gold. They may even sell it to eat. So 1559 may be very conservative. The usd has a lot of room to rise. Gold has a lot of room to fall. Peace out..
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those who can, do. those who cant, talk about those who can
  • #658,504
  • May 9, 2022 4:16pm May 9, 2022 4:16pm
Quoting gatorinla
{quote} If you considerer the 2 top consumers of gold. By far is China and India. For mostly cultural reasons, ceremonies, weddings and such. The rising usd has made those cultures spend more for necessities like food. The demand (demand and less supply) for food will make it rise for everyone. This will include animal feed . Those cultures who pumped up demand for gold the last 40 years, will demand gold less. They may also sell some of the gold, they have accumulated the last 40 years. At same time the usd is rising. Gold could easily fall to...
Yes Gator, your analise order fundamental only, im not trading fundametals at all, only TA, like I said thats not my favourite pair to trade, so I not touching this, only for scalp sometimes quick in and out at good levels, probably your analise can take a place but this levels in my eyes can Gold reach in the end of this year, first this can make some bulls run to grab some liquidity, thanks for your advice, many people here trade Gold and can profit from your view, take care men!
People don't plan to lose. They lose because they don't plan.
  • #658,505
  • May 9, 2022 4:21pm May 9, 2022 4:21pm
Quoting ScalaFX
{quote} Im not analysing too much Gold becouse thats not my super pair for trade this days, I think 1850 is super strong level, or was, but yes, can go much deeper that GU can too dive some, for me Gold should be now at 2100 level but strong dollar taking it down, when you shorting it I wish you good luck
I am long eurcad and loving it.
  • #658,506
  • May 9, 2022 4:22pm May 9, 2022 4:22pm
Quoting gatorinla
{quote} If you considerer the 2 top consumers of gold. By far is China and India. For mostly cultural reasons, ceremonies, weddings and such. The rising usd has made those cultures spend more for necessities like food. The demand (demand and less supply) for food will make it rise for everyone. This will include animal feed . Those cultures who pumped up demand for gold the last 40 years, will demand gold less. They may also sell some of the gold, they have accumulated the last 40 years. At same time the usd is rising. Gold could easily fall to...
gold is at a critical place. The month candle after the high engulfed it. Its not looking healthy. It can bounce.. but its on the edge.
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those who can, do. those who cant, talk about those who can
  • #658,507
  • May 9, 2022 4:32pm May 9, 2022 4:32pm
Quoting gatorinla
{quote} gold is at a critical place. The month candle after the high engulfed it. Its not looking healthy. It can bounce.. but its on the edge. {image}
Yes, thats why is no trade for me now till not clear break and confirm that tl or get above 1870-1880
People don't plan to lose. They lose because they don't plan.
  • #658,508
  • May 9, 2022 4:36pm May 9, 2022 4:36pm
Quoting ScalaFX
{quote} Yes, thats why is no trade for me now till not clear break and confirm that tl or get above 1870-1880
fundi wise. It may be good to sell tiny positions on a bounce. many tiny positions at b/e. can add up if it falls.
those who can, do. those who cant, talk about those who can
  • #658,509
  • May 9, 2022 4:58pm May 9, 2022 4:58pm
Wti almost more than -7% today, what a moooveee nice for this ones who had shorts on it, Was Perfect entry at 109, above gap close and ride all the way down
People don't plan to lose. They lose because they don't plan.
  • #658,510
  • May 9, 2022 5:04pm May 9, 2022 5:04pm
Quoting DMA Trader
640 my line in the sand for me on eur/usd shorts i would be little bullish but EUR is the only currency stronger while dollar kills everything so maybe a fake move once it breaks has some price to catch - for loosing time - maybe 1.04? everything else destroyed, stock - oil - fas, gold murdered
Yes DMA, this your line ( if get there ) can be Perfect short to catch to 1.048x but when broke we can fast see 740 or even 080x, i wish dollar weakening this month to take some good profit from GU, thanks for your view!
People don't plan to lose. They lose because they don't plan.
  • #658,511
  • May 9, 2022 10:34pm May 9, 2022 10:34pm
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yes yes yes
  • #658,512
  • May 10, 2022 12:11am May 10, 2022 12:11am
Should be buy buy buy , all the way to 1.25xxx for today.

1.26xxx tomorrow
  • #658,513
  • May 10, 2022 12:16am May 10, 2022 12:16am
Expect a ride above yesterdays high towards 1.2450

Last weeks value area around 1.25 is possible but I think a huge dump around 1.2450 is more likely-- monitor the PA at those levels and see if a short is possible or it's just powering up
  • #658,514
  • May 10, 2022 12:31am May 10, 2022 12:31am
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yes yes yes
  • #658,515
  • May 10, 2022 1:47am May 10, 2022 1:47am
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yes yes yes
  • #658,516
  • May 10, 2022 1:53am May 10, 2022 1:53am
Im closed all buys at 2360 done whole weekly target, expecting some sell off now entered with shorts but lites ones, Trade safe!
People don't plan to lose. They lose because they don't plan.
  • #658,517
  • May 10, 2022 2:02am May 10, 2022 2:02am
i am really hate this dx mf
it continue to go up and check the resistance at 103.805
die already mf
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yes yes yes
  • #658,518
  • May 10, 2022 2:07am May 10, 2022 2:07am
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  • #658,519
  • May 10, 2022 2:08am May 10, 2022 2:08am
GU like SHS forming h1 with target 1.215x lets see they play this out
People don't plan to lose. They lose because they don't plan.
  • #658,520
  • May 10, 2022 2:14am May 10, 2022 2:14am
This is not the first time the aussie has reached the top of the top daily range
and then dragging the Euro and Pound down with him .
I saw it, and both now and last time I did not go out
Last time my account was deleted because it was a crash all the way down .
this time I believe it's just a correction
aussie go to hell
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yes yes yes
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