Stuck in the range for now. DXY not really keen either. Few levels bellow to wait for a reaction.

Cable Update (GBPUSD)

As expected reaction from Asian high... Waiting for 30M closure above Sunday open to go long til 1.27400. Bulls fighting back, at least for now.

Cable Update (GBPUSD)

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 ...

Cable Update (GBPUSD)

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...

Cable Update (GBPUSD)

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.

Cable Update (GBPUSD)

With China out of the buying game I can't see Gold reach 2400's levels any time soon. Currently sitting at the current week Volume area Low. If we retest Sunday open and react from it I'm going short to 2317 again. Waiting for NY Stock exchange open ...

Cable Update (GBPUSD)

What a week, cable actually gave us a trend line to work with. Waiting for NFP, if red will probably break well above the highs and stay in 1.28's till the end of day. We will also have a nice fat weekly. Really curious for next week, lots of news ...

Cable Update (GBPUSD)

I don't usually trade trend lines, especially in GU but this is holding well for now. Also DXY rose mid week to fill the gap left on Monday and now is melting again. I won't be surprised if we test the recent highs again.

Cable Update (GBPUSD)

Hello everyone, How an ECB rate cut could affect GBP? Will BoE be next? Meanwhile US considering rate hikes...

Cable Update (GBPUSD)

Let's see if we can hold above the previous week Volume Area High at 1.27660. If we retest this level and see bullish momentum I'm considering a long to target the highs at 128000.

Cable Update (GBPUSD)

After the bull run price broke the Sunday open level to the downside and now is retesting it. Looking strong, if we get another 15M closure bellow this level I can see a run to 1.2700.

Cable Update (GBPUSD)

Expecting a retracement from 1.27290, high volume in this area. If we break above I would consider longs after we get a retest of this level.

Cable Update (GBPUSD)