Xaugbp
XAUGBP in a most critical zoneWatch XAUGBP on 1 Month when decide to buy GBPUSD
Analyze related link for GBPUSD
Gold Priced In GBPThis is an interesting chart. Gold priced in Pounds was rejected at the Hypotenuse resistance of a descending triangle, reflecting a bounce in the Pound.
This is a bearish formation and indicates either a) incoming extreme Gold weakness, or b) a period of possible GBP strength.
Since the fundamentals favor the Dollar, I am prepared to bet against its inversely-correlated asset -Gold, and that a falling Gold price in Pounds would reflect a mark down in a Dollar-denominated asset across the board.
Nevertheless, it is interesting that we are approaching a climax in the Brexit saga - news events could spark volatility at this juncture, and the Gold price in GBP is foretelling this.
GOLD - Bullish wedge formingWE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher
If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos
Will they kill paper gold once and for all and make the world's fiat burn?
Phenix rises?
Debt has risen since 2011 why has gold and silver gone down? Fundamentals --> The market will return to fair value and the % increase in gdp to debpt should correspond with increase in gold if when paper manipulation ends / gets overwhelmed
GOLD - 2008 support tested - COT -> BullRunWe have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $
Buyers should come in here
Hard to justify a sell
Crazy divergence daily RSI
US dollar craziness
10/30 spread craziness
Stock market will not make new gains if gold continues to fall either
They have to make up their minds now --> FED
GOLD - Great Risk/RewardUSDCNH is crazy overbought, lots of things are happening in the world that are bullish for gold. Buyers should step in here to defend the rising support since 2016
trade with care
XAUGBP Bearish BatOh how I love bears and bats! This is looking like a great set up in the making. As always patience is key!!!! Wait for validation before entering this trade
Possible #gold support and rise against #BritishPound #XAUGBPPossible gold support and rise against British Pound
#XAUGBP #GOLD #GBP Scenario in US elections#XAUGBP #GOLD #GBP Scenario in US elections
2 high probability zones zones
#XAUGBP #Gold Going UP to Complete Pattern and Test Channel#XAUGBP #Gold Going UP to Complete Pattern and Test Channel
XAUUSD - Bullish Gartley, Looking to go LongBullish gartley has just completed on the 240 chart. Looking to go long. D point falls nicely on previous area of structure. Let' see how it plays out.
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XAU/GBP – Double top neckline piercedSilver’s day end close below the double top neckline level of GBP 14.514/Oz with daily RSI at 40.00 suggests the prices are likely to drop further to GBP 13.74/Oz (June 24 high).
However, 5-day losing streak has left prices oversold on intraday charts, thus a minor rebound from GBP 14.327 (23.6% of Dec low – July high) could result in a brief jump above neckline level of GBP 14.514, while selling would gather pace once prices dip below 23.6% Fibo level.
Gold/GBP and GBP/USD chart confirms rate cut is priced-inThe fact that we have GBP bullish formations on the Gold/GBP and GBP/USD pair a day ahead of the possible rate cut move clearly indicates an interest rate cut has been priced-in by the markets.
Gold/GBP - Head and Shoulder formation
GBP/USD - Inverse Head and Shoulder formation
