ooff, for comic timing that was pretty much perfect

Cable Update (GBPUSD)

London doing its usual indifference, can't really be arsed thing with gold this morning

Gold with No Drama

yep and a break with dollar and treasury correlation, gold is going to continue

Gold with No Drama

I agree, think of it in timeline 2007 crash - quantitative easing, starting a new 30 year super cycle 2019 covid - more quantitative easing, messed up the cycle End of covid - unprecedented global supply chain restart - Start of more inflation ...

Gold with No Drama

The monthly chart really puts things into perspective. In modern digital times, gold has dipped once, maybe twice if you widen your description of dipped Start of this chart is March 2002

Gold with No Drama

This is a good graphic, look at the treasuries and matching S&P

Gold with No Drama

He did call one of best trades I've seen on GBPUSD, trendline through the weekly going back years and it turned almost at the pip he projected it to

Gold with No Drama

I've never really understood trying to short gold and catch the top, currencies, range bound commodities like oil then yeah sure, but gold? If gold was susceptible to rapid price drops, it wouldn't be used as a hedge. Central banks spend millions ...

Gold with No Drama

Yeah, maybe it is at 300%, so usually profit taking now, but we are under an extremely unusual political environment. If gold is being hedged in futures, they don't care about pullbacks, its buy buy buy. Best of luck to you, and my post is aimed ...

Gold with No Drama

Goldman Sachs has changed their forecast to $4900 by the end December, Reuters has got a decent article on it this morning url With US debt now way over 37 trillion, Fed about to cut again, Fed shutdown, political turmoil in France and Japan, the ...

Gold with No Drama

Trading is difficult, its not techincally difficult, you don't need to be intelligent but there is a reason only 5% are left trading after a year and only 2% of them are profitable. There's a reason most trading desks are run by algorithms. Our ...

Gold

For buys stops should be previous lows, rather than fixed pip stops. THe blue drawn lines here

Gold

And be wary of drawing what you think market will do. You end up waiting for the market to do what you're expecting and it will go in the other direction and you sit there watching it. It's good to have a plan but observe what the market does and ...

Gold

It looks good with what you've drawn but if gold really wants to move it doesn't retest, its just gone - so watch out for FOMO

Gold

I'm waiting for New York, 13:30 - 13:45 and I'll decide after that.

Gold

notabdullah1 The more experience you have I think you naturally get a bit choosy about which trades you take. Nothing wrong with buying this morning, it's a bit risky because I'm not in a rush, I just wait for the right opportunity, if there isn't ...

Gold

You have a open buy order? Nothing wrong with buying, keep it open / take partial & protect profits before New York opens

Gold

Most swing traders will be waiting for it to break the order block / breaker block and retest before buying. It's risky to buy now, as we have seen this morning, there are a lot waiting to short. Big players will divide their position and place ...

Gold

Futures last year, first six months, looks very similar to this year It wants to go up and Geopolitical has not changed but today, the dollar is probably going to be strong this afternoon

Gold

Wall Street tends to wait for TACO trade now. Short term, From previous trump - we are now tarriffing every country until we get what we want - it usually last 24-48 hrs before he flips. I'd say the chance of this flipping to a short is higher than ...

Gold