Agreed, there is still a wave of higher gold possible.

Gold

GU remains bullish and the uptrend structure has not been broken. The point will depend on the reaction of the price falling back to the support level. The rest will be left to time and fate. image

Cable Update (GBPUSD)

It is not easy to determine whether the Fed's interest rate resolution will support gold or not. We all know that the odds are that this one will still be a 25 basis point rate hike. There are almost no surprises, so people know. That means the ...

Gold

The upward structure of the EUR is very clear. H1, going long is my operating idea. However, the Fed rate resolution made me choose to wait. image

EURUSD only

I seem to have forgotten the UK CPI data.

Cable Update (GBPUSD)

Yes. U.K. CPI. Announcing Now.

Gold

My Plan. GU H1 1, the technical structure shows that prices are still trending up. 2, the price retreated and was supported by the market. 3, I would wait for the indicator to cross below the horizontal level 20. 4, There is a bullish candlestick ...

Cable Update (GBPUSD)

The market is likely to be silent until the Fed's interest rate resolution. All are waiting for the latest news.

Gold

CME FedWatch Tool: The probability of a 25 basis point rate hike rose to 86.4%. Everything seems to be set. But...There will always be surprises in the market. image

Cable Update (GBPUSD)

Yes. I plan to stay away from this "game" too. After all, investing to make money is a long-term thing and there's no point in taking that risk.

Gold

Prices may run that way? The Federal Reserve raised interest rates by 25 basis points, which is a probable event. Can continue to push gold higher, mainly depends on future rate hike expectations. Everything is unknown. Protect our property well. ...

Gold

Risk aversion has sent gold up too much and subjectively it will still have room to fall. However, the Fed will make the only distraction and it will invalidate technical analysis.

Gold

My view, if the price can effectively fall below 1960, 1930 could be the next target level. However, the Fed rate meeting could change all that. Good luck.

Gold

hi boss. in this trade, how did you know it would break out to the upside?

Price Action Trading (PAT) - Amplifying Market Insights

I think it's a deeper retraction. It really takes time.

Cable Update (GBPUSD)

What is causing the dollar to weaken and how long will it last?

Cable Update (GBPUSD)

I couldn't do anything but watch. Damn, I seem to be missing out on a lot of profits. Will gold get to new all time highs? image

Cable Update (GBPUSD)

I have always had a question about the Fibonacci indicator. Why would we think that 61.8% would be a good support/resistance level?

Price Action Trading (PAT) - Amplifying Market Insights