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Cable Update (GBPUSD)

  • #828,781
  • Jun 8, 2024 12:19pm Jun 8, 2024 12:19pm
Quoting Waveskierrob
{quote} Not sure if your post is aimed at me ?but my post was general, if it had been aim at you I would have "quoted" your post, but "shovel seller" made me laugh I liked it, ps "Spear and Jackson" sold shovels ...
So when should we buy gold?
2070? Will it drop to that level?
  • #828,782
  • Jun 8, 2024 12:37pm Jun 8, 2024 12:37pm
Quoting genadi
{quote} So when should we buy gold? 2070? Will it drop to that level?
You can buy gold whenever you want according to how you trade...
  • #828,783
  • Jun 8, 2024 3:28pm Jun 8, 2024 3:28pm
Quoting Waveskierrob
{quote} "The truth"...{image}
The truth is that you have made me lose confidence in my ability to post here. The floor is yours and I await your esteemed direction in GU.
Cheers.
Trade to trade another day
  • #828,784
  • Jun 8, 2024 6:03pm Jun 8, 2024 6:03pm
Quoting Wavegarrick
{quote} The truth is that you have made me lose confidence in my ability to post here. The floor is yours and I await your esteemed direction in GU. Cheers.
...if only Leon, love lots...
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  • #828,785
  • Jun 8, 2024 7:03pm Jun 8, 2024 7:03pm
Looking at the chart, big down trend seem to start.

for GU.

Will have to be careful in taking long trades
Intraday only.
  • #828,786
  • Jun 8, 2024 10:37pm Jun 8, 2024 10:37pm
Quoting ChiForex
GU and EU to parity and below..... don't forget Gold soon 2000 and below..all falling vs mighty *Just telling you all the truth so you don't waste your time waiting for 1 and 2 pips up/down
A tongue in cheek comment I presume.
Compulsions can be hard to resist
  • #828,787
  • Jun 9, 2024 12:42am Jun 9, 2024 12:42am
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  • #828,788
  • Jun 9, 2024 3:16am Jun 9, 2024 3:16am
Quoting Waveskierrob
{image}
Not fishing, car boot....
  • #828,789
  • Jun 9, 2024 6:09am Jun 9, 2024 6:09am
Quoting genadi
{quote} What do you mean China out of the buying game?
China announced that its central bank stopped gold purchases in May when it was at record highs. I don't think will see a crazy decline in price. But with one of the big bulls taking a pause, the latest meltdown makes sense.
Just another trader in drawdown... Volume Profiles & PA
  • #828,790
  • Jun 9, 2024 6:23am Jun 9, 2024 6:23am
Quoting evansabove57
{quote} China announced that its central bank stopped gold purchases in May when it was at record highs. I don't think will see a crazy decline in price. But with one of the big bulls taking a pause, the latest meltdown makes sense.
So, you believe the Chinese central bank? Listen, I've been trying to sell the Sydney Harbour Bridge for yonks, maybe we can catch up
  • #828,791
  • Jun 9, 2024 6:33am Jun 9, 2024 6:33am
Trading is a game of managing risk so earlier the better you make your risk plan your top strategy
Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #828,792
  • Jun 9, 2024 7:14am Jun 9, 2024 7:14am
Quoting mallee
{quote} So, you believe the Chinese central bank? Listen, I've been trying to sell the Sydney Harbour Bridge for yonks, maybe we can catch up
Yes you're right, but it only takes an official announcement to make market start sweating, doesn't have to be true. Maybe they want to buy more at discount...
Just another trader in drawdown... Volume Profiles & PA
  • #828,793
  • Jun 9, 2024 7:32am Jun 9, 2024 7:32am
Quoting evansabove57
{quote} China announced that its central bank stopped gold purchases in May when it was at record highs. I don't think will see a crazy decline in price. But with one of the big bulls taking a pause, the latest meltdown makes sense.
So how can you predict gold movement this year? Will we see a big rally up?
  • #828,794
  • Jun 9, 2024 7:36am Jun 9, 2024 7:36am
Quoting mallee
{quote} So, you believe the Chinese central bank? Listen, I've been trying to sell the Sydney Harbour Bridge for yonks, maybe we can catch up
  • #828,795
  • Jun 9, 2024 8:20am Jun 9, 2024 8:20am
Quoting genadi
{quote} So how can you predict gold movement this year? Will we see a big rally up?
I wish I could predict the markets and especially gold. But here's my analysis. Since 6th October 2023 we see a rally in price mostly driven by geopolitical factors (Invasion of Gaza as well as tension between countries in the Middle East). Strange thing is that during similar conditions back in February 2022 when Russia invaded Ukraine we saw a rally but nothing similar to the one we saw in the past 6 months. Obviously there was something pushing prices further north. Someone is buying right? Can't be only the rise of inflation. Lately there are Chinese officials( don't know if it's true I'm reading the news like everyone else) stating that they are selling US Bonds and buying Gold. On Friday they announced the pause of this operation. I'm not an analyst but I see that announcements like that are driving the price. I can see a retracement from the latest highs happening but not a price crash. If we'll see another rally?? I doubt it. If the tensions in the Middle East ease in the near future price will fall further. Personally I'm waiting for CPI/FOMC next week to see a direction in DXY. If the war comes to an end and we see a strong dollar in the next couple of weeks, I can only short Gold.
Just another trader in drawdown... Volume Profiles & PA
  • #828,796
  • Jun 9, 2024 9:27am Jun 9, 2024 9:27am
Quoting navk
Looking at the chart, big down trend seem to start. for GU. Will have to be careful in taking long trades
Look at the thick green line.

That is where, I look to buy gu for retracement
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Intraday only.
  • #828,797
  • Jun 9, 2024 11:50am Jun 9, 2024 11:50am
in higher time frame , it is in tringle of 2023 trendlines , and also to be note there is one BOS test is pending at 1.26 around giving fib 50% around area, 200EMA and BOS in weekly structure . so expecting market will retrace then towards up trend continue or test of swing low of 2023 trendline . but all tis will be unlock after breaking of 1.269
  • #828,798
  • Jun 9, 2024 1:36pm Jun 9, 2024 1:36pm
Quote
This morning (Saturday), in a joint IDF, ISA and Israel Police (Yamam) complex special daytime operation in Nuseirat, four Israeli hostages were rescued. Noa Argamani (25), Almog Meir Jan (21), Andrey Kozlov (27), and Shlomi Ziv (40), were kidnapped by the Hamas terrorist organization from the 'Nova' music festival on October 7th.
The hostages were rescued by the IDF, ISA and 'Yamam' forces from two separate locations in the heart of Nuseirat.
Great news. Noa Argamani. I have been waiting for this dayTo the soldier that lost his life in your rescue, my heartfelt condolences
Trade to trade another day
  • #828,799
  • Jun 9, 2024 1:42pm Jun 9, 2024 1:42pm
Quoting Wavegarrick
{quote} Great news. Noa Argamani. I have been waiting for this dayTo the soldier that lost his life in your rescue, my heartfelt condolences

kill innocent hundreds to rescue 4


use 100 sl to 10 tp
Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #828,800
  • Jun 9, 2024 1:51pm Jun 9, 2024 1:51pm
Quoting Wavegarrick
{quote} Great news. Noa Argamani. I have been waiting for this dayTo the soldier that lost his life in your rescue, my heartfelt condolences
Can we keep it to trading please and post your "after it's happen" charts that we've all come accustomed to...
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