silversky

Price in USD now back above the fed announcement price.  If that accelerates back to the top in USD then we're through 1900 in a heartbeat.

Fed happened around the 12:00 mark in the middle of the USD graph below.  Gaining pace in USD now hence the GBP push to new highs.  £1874 now

Tickling the ATH  £1873.47 now...

Back to 1871...  Getting tighter and tighter this range.  Interesting to see which way it finally breaks.

Thanks Bratnia, you just talked it back down from the 70's 

I reckon any move above the top will see a bit of a lunge.  Must be a load of those small speculator stops lurking in the 70's and 80's and even some at 1905 etc...  They're all gambling on the key number not being breached.  Never be with a crowd and have your stop in a big bank of other small spec stops.  Soooooooo tempting for the big boys to gun em down at night and then switch direction.

Chris will have to print some more if page inflation keeps going like this.  Stamp a zero on the end to give them a new lease of life

Looks like a break up or down will come soon...  

6 minutes ago, Paul said:

is £1900oz going to be breached tomorrow ??

Looks possible

4 minutes ago, James32 said:

Did I win the poll?

No James, depending on how it works out tomorrow night, one of your answers will be chosen as your final answer... 

Price just holding at the top of this range.  I'm kind of amazed that it didn't descend after yesterday, but it tried to and failed, so it has to try to rise again instead.  Maybe this will fail too, and we'll be back to try the bottom of the range again next.  I'm still amazed at the decouple from the USD.  Not sure what's caused that. 

Just snuck another ATH in gbp...  £1872.11

After much messing about, I have managed to get the chart powered by Oanda to display alongside the Forex data chart.  Both here side by side to make the point that Mr Jax is making that there is missing data in the Oanda chart.  But it was always like this on the forex chart, there wasn't a massive spike on the forex chart at the time it happened because I was watching it LIVE, nor was there any missing candles on the forex chart.  It is now as it was then, so not sure that this shows any sort of conspiracy.  It shows an issue with the Oanda data feed perhaps.  Perhaps the trades are so small that Oanda doesn't even report them.  Incomplete trade lots as I said before.

14 hours ago, silversky said:

1866.59 from trading view charts.

It's a tenner away from testing new highs, and hunting this weeks built up stop buys which are lurking above.  I thought it would at least have tested the 1830 region but not to be s far.  Maybe the Asian session will be used to hammer it into line.

 

 

Here is the snapshot I took last night.  Okay this is in GBP, but it shows the jump around at 10pm, just as it does today.  Go back and compare this screenshot if you think they tampered and hid data.  What it doesn't show is 19something handle like the BBP screenshots others posted do show....  and it doesn't leave a blank gap as you are claiming.  If Oanda had a blank out yesterday, then that's just that.  The overall chart using the forex data did not, and it did not change as far as I can see from yesterday to today....  Please show me if it has changed.

12 minutes ago, Jax said:

First, from the timestamp, your Trading View screenshot was seemingly taken nearly 13 hours after the spike in question. Plenty of time for parties of interest to enter fudged / amended numbers to cover up an unwelcome price spike. The fact your chart doesn't show a spike 13 hours later doesn't prove (or disprove) a spike didn't take place at the time.

Next, go back to Trading View and look up the same 1 minute chart, only this time use Oanda as the data source rather than Forex.com. On close inspection, you'll see there are no candles between 22:00-23:03. Last candle is 21:59. Next candle is 22:04. This omits the important 3 minute period where the price spike occurred (22:00-22:03 UTC).

Doesn't that strike you as a little odd that with Oanda, there is no candle / no data for exactly the 3 minutes in question? With regards to the data supplied by Forex.com (which forms the basis for your Trading View screenshot), my view is that 13 hours after the fact is more than enough time to enter some fudged numbers. So, I stand by my thoughts that almighty ****ery took place during those 3 minutes.

 

I don't pay for their charts, so I don't think I get to choose the source.  They mix four sources by default and that appears to be what the free charts show.  But I watched that live on the trading view charts.  It was no different then than it is now.  They haven't gone back and changed them.  I may even have posted a screenshot yesterday of it...

Perhaps it's something to do with incomplete lots? Perhaps Oanda has a larger requirement to even post them than forex.com

40 minutes ago, Agaupl said:

I wish we could do polls in topics. 
 

pullback or not? 

My rough poll yesterday indicates a neutral stance amongst most of the members who bothered to commit to an answer.  There were also a few who considered that it will be above the current range by close of the week and only one who considered it would drop below the trading range.  Perhaps making a poll topic and then linking to it in an existing topic page is the way forward to encourage more participation...  Participation is free after all... no gold charged!!!   Only the ego pays a price for getting it wrong!! 

2 hours ago, Jax said:

Hi. I too saw the Gold price spike last night at 11pm GMT+1.  Happened at the moment of the Asian session open.  What I find more interesting - apart from the almost immediate retracement - is the not-so-subtle cover up that followed.

For example, if you refer to your trading chart of choice and go to the lower time frames (say 1min or 5 min) you will find a gap. All data between 22:00 and 23:03 has simply been removed. There is no candle(s). The price spike has seemingly been airbrushed from history.

If it was a "fat finger" event that caused the price spike, you'd still see the price spike on the charts. The fact that data has been removed after the fact to conceal it screams manipulation & cover up.

Not true.  Below is the trading view chart which showed a handful of moves for the first couple of minutes.  If you like using BBP rough charts then fair enough, but trading view charts are more accurate.  BBP probably chart their own spread rather than actual trades, who knows, but they were claiming >1900 which we all know is complete horse...  Not to be trusted.  I honestly don't know why anyone uses them but its personal preference I guess to use an app with a basic line graph on it instead of candle info.  

Sneaking upwards again.  1866

So what does Asia think?  Another up day for them?

1866.59 from trading view charts.

It's a tenner away from testing new highs, and hunting this weeks built up stop buys which are lurking above.  I thought it would at least have tested the 1830 region but not to be s far.  Maybe the Asian session will be used to hammer it into line.

What got announced at 18:30???  Jumped £10 in two minutes.  Sagging a little now to be fair but still not far off the ATH

4 minutes ago, HonestMoneyGoldSilver said:

Nope. The market has already shifted to September as the first month with a majority cut view. June currently shows a 16.9% odds of cutting, down from 65%

31st July is about 42.5% odds of cutting

18th September is about 68.5% of cutting

Again another reason for the BoE to hike, on top of the obvious one that inflation is still a nightmare in the UK. Fan mail to @OrangeBastard2024

Nope, if they go as far as Sept they WILL be accused of election interference.  Has to be sooner and hope it takes time to feed through until after the election.

New ATH at 1871.61, but now hammering back down to find a floor.  An exciting day today...  But what will the end of the week bring?

5 minutes ago, 9x883 said:

upupupupup📈📈📈⬆️⬆️⬆️⬆️⬆️💥💥💥💥💪💪💪💪💪

Vote U added.  But only the one I'm afraid

1 minute ago, Sovhead said:

New ATH

£1870.51 and rising.

Playing with the edge of the range.  But will it break up decisively?  Or is this it???  

12 minutes ago, silversky said:

Poll stands at

Paul: U, James32: N, PhilB: N Honest Money: N Bloom: D Katyc: N Silversky: U

Guess for close of the week when the last tick stops. >1870.00 equals Up, <1832.00 equals Down.  in the middle Neutral.

Go65 added Up.

Cut off tonight.  Remember, it is for the end of the week.  Will we be in this current trading range? above it? or below it?    >1870.00, Neutral, <1832.00