For anyone who may have been following my trade from 28 June, I have just closed my long position at 1,334 for a total of +1,410 pips. I think the 1,340 area will offer some good resistance. We have had a very good run up today, so happy to sit on ...

Only Gold!

Here's a daily chart of gold. The pink line is the 200 day moving average. Note how far we are from it at the moment. The last time we have had price move that fast, was the spike in 2011 and look how big that correction was. Is it guaranteed to ...

Only Gold!

I wouldn't be so sure. 1208-1212 is the high of the year 2010 and it looks like there may be some support there. We are also miles below the 200 day moving average on the daily chart. We may well go lower in the coming months but not before we get a ...

Only Gold!

If we don't break above 1226 soon, bulls are in trouble.

Only Gold!

Neutral is bad too...bias is down at the moment for gold.

Only Gold!

Good luck people, in 5 min its going to be a wild ride! Unless unemployment rate goes down, and we get a lot fewer that 160,000 jobs...I see gold taking another dive towards 1200 very quickly. I'm long so hopefully we get really bad numbers.

Only Gold!

Non-Farm Employment is stated as a percentage, otherwise known as the Unemployment Rate. The Non-Farm Payroll is the actual number of jobs added or lost. A rise in unemployment may still come with an increase in jobs, so no its not really the same ...

Only Gold!

Just a heads up — Those of you who might be interested in trading gold, there's a good opportunity in play at the moment. Gold is under pressure from the strengthening dollar and due for a major correction here. Just broke a key support. ...

Cable Update (GBPUSD)

1.5595 is the 61.80% fib of previous move up so that's possibly we are seeing some buying there. Could still break it though, I'd rather not speculate, that's why I'm on the side lines. Cables been up and down for 4 days now, beginning to annoy me. ...

Cable Update (GBPUSD)

Long? — Opportunity to go long from 1.5608, based on 50% fibs of previous move up, and the fact that we saw some previous resistance there earlier. I'm not taking it though, deciding to stay out for now. Took a position there on the previous ...

Cable Update (GBPUSD)

Long — Long from 1.5657 but keeping a close eye on this. Not liking the PA at the moment. Target is 1.5800 but I'll need to see some stronger buying here.

Cable Update (GBPUSD)

Nice trade bro. I closed my longs at 1.5738. That DX support level scared me Will enter another long again at 1.5655

Cable Update (GBPUSD)

Nice chart. Its putting a lot of pressure on 79.700 but so far she is holding. If it does we could see a nice pop in gold also but I dont think we will break it, not now anyway. She wont give way that easily, we've had a huge move down ...

Cable Update (GBPUSD)

Cover your shorts — DX has reached a key support level, we may see cable come down a bit now if that level holds.

Cable Update (GBPUSD)

Holding onto longs — EUR/ USD, up, DX down...wonder whats still keeping cable down. She should be popping up now.

Cable Update (GBPUSD)

Also the DX is currently in a downward channel but has just reached the top of this channel so I expect to DX to start coming down now which will be cable's cue for the pop up IMHO.

Cable Update (GBPUSD)

Heavy buying at the 1.5533-1.5555 area, bearish divergence on the 30M, and a new daily high on previous move up. Sorry I cant post a chart.

Cable Update (GBPUSD)

Still Long — Stopped out for BE, looking to enter long again at 1.5584. Still convinced 1.5533 was the bottom of this leg and the retrace has begun. I did expect some heavier buying at the 1.5602 level but stochastics are only showing oversold ...

Cable Update (GBPUSD)

Where do you see the big boys shorting? DX is still down for the day so I'm still strongly favoring a retrace now. If we break 1.5625 now we could get a nice pop up IMHO. SL at BE anyway so my trade is safe.

Cable Update (GBPUSD)

Long — Long from 1.5606, SL at BE. We are right on the 50 EMA on the 30M, could go either way now. TP 1.5795 if we manage to break through 1.5625

Cable Update (GBPUSD)