imo gold is just building a stronger PA base to take out recent high @ 1815. We are slowly creeping into one of the stronger periods for gold, starting with August 22 and lasting well into October.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

King I just keep it simple, there is a range, there is strong momentum, a breakout will come, just like it did before. GU is doing a strong bump and run pattern, so until some TL breaks to the downside or PA congestion near strong resistance ...

Cable Update (GBPUSD)

until end of this week we will definately see a test of 6660, in fact today after range break that's a very possible target. we could dive to 6480-6490, so long this area hold I'm a buyer into the range breakout. Short sellers good luck to you guys, ...

Cable Update (GBPUSD)

currently PA is consolidating before LBO and I figure a breakout of the range is on the way very soon, same deal on EU SOB actually.

Cable Update (GBPUSD)

image The way I see it on USDX, a crack below yellow box is a question of very short time, once cleared, it's all the way to the red box. Upon gold I think that reflects into more strength. I prefer the PA to build a nice base @ 1780-1790 area, ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

nAVIN we gotta push those fellas in London harder, gimme 6600 all the way. 1 hr to go, so prolly enough time to deliver, what do you think?

Cable Update (GBPUSD)

above 50 psych level and M30 candles are lighted up green, 6600 is almost a sure thing now.

Cable Update (GBPUSD)

I'd say the higher GU got something to do with earnings season in UK in August and seasonal patterns, the data you mentioned is only one part of the equation.

Cable Update (GBPUSD)

AMR on GU is 650 pips nowadays. current price is 6560. 200 pips of upside left. that delivers upside target of 6760 this month. previous top is appox 6740 so some reaction upon reaching. Monthly resistance lying ahead @ 6660, so reaction expected ...

Cable Update (GBPUSD)

Fish HTF all the way! On H4 expanding triangle, PA arrived from the bott, so that kinda points to resolution of the triangle to the top, not bott. Also it's at a point of max pressure now, so ADR can expand 2-3 times the standard. been there done ...

Cable Update (GBPUSD)

daily range is out already a while a go. in fact AWR is almost out on GU as well + 20 pips to go. However the deal with ADR that there is ADR and then there is deviation from ADR, when momentum buying is just too strong to fit into the standard ...

Cable Update (GBPUSD)

image well the yellow box on dollar is critical, not long before it breaks and PA will get us to the red box, and that's prolly 6700-6800 on GU. ... yeah in april it was 6700 something.

Cable Update (GBPUSD)

oh wow man that EU sob is airborne too.

Cable Update (GBPUSD)

7 more minutes of free flight, gotta love it. that sob EU is lagging behind though.

Cable Update (GBPUSD)

I like when that thingy sort of expands your screen on MT4 platform. good stuff.

Cable Update (GBPUSD)

Im fully loaded awaiting take off initial sequence started.

Cable Update (GBPUSD)

image here's the USDX H4 chart. Yellow box acting as support for now. The deal is that how long it's gonna hold now? Prolly just a matter of time before it's wiped out and we reach the red box area @ 72.60-80.

Cable Update (GBPUSD)

in terms of AWR 80 more pips on the upside on GU, so the R/R shifting towards going short, still no clear sign to go short actually. ADR already wiped out, so cant really expect too much more today.

Cable Update (GBPUSD)

also interesting to note the similarities in PA structure of the recent move. image

Cable Update (GBPUSD)

cool price action, but need to sharpen my speed reloading technique. the damn thing is going from short to long and vs in split of a second. image

Cable Update (GBPUSD)