Gold Monitoring Thread £ GBP only

[Brit2023]

58 minutes ago, Goldbrittanialover said:

Hi all, I'm looking to buy 2 britannias with this pullback. From the 28th Feb, since breaking above resistance I've found it hard to find a decent pull back to make a purchase. Kicking myself for not buying at is was going up, anyone else think this is a good pullback or wait a few days more next week? Thoughts? 

One for sale on the thread at present👍🏽

[Gruff]

2 hours ago, Petra said:

My dad always said that if it went over £1 a gallon he would stop driving and sell the car🚗🚗🤔😮

I said the same with Shell Optimax in 2001, when it was originally 89.9p/litre

[Go65]

So…

it was an interesting week to say the least. A coordinated retracement in the last hours of trading across most commodities we are interested in.

Do most people reckon that next week will be a period of reflection as mentioned by @silversky or maybe a deeper retracement to build lower down for the inevitable resurgence. Or door number 3, a hop and skip back to $2430?
 

I’m with a drop to $2200 till Wednesday for range bound fun then a brief test lower followed by positive move after next week.
Anybody willing to make a prediction?

 

[9x883]

Depends if the Israel - Iran conflict escalates really. They seized a ship today, retaliation strikes following the embassy strike are imminent. If that kicks off tomorrow, we could expect a sharp rise on Sunday night

Edited April 13 by 9x883

[Go65]

4 minutes ago, 9x883 said:

Depends if the Israel - Iran conflict escalates really. They seized a ship today, retaliation strikes imminent. If that kicks off tomorrow, we could expect a sharp rise on Sunday night

Haha. I should have watched the news before posting!

Edited April 13 by Go65

[9x883]

I reckon a return to +1900 from Sunday

[9x883]

.

Edited April 13 by 9x883

[Go65]

2 minutes ago, 9x883 said:

I reckon a return to +1900 from Sunday

It was quite the smack down by TPTB though, but, I like your view!

[9x883]

Just now, Go65 said:

It was quite the smack down by TPTB though, but, I like your view!

I'm not sure what that was all about. People making a quick buck before the weekend? The general trend has been up, and price closed about right given the past week closes. Perhaps a steadier rise over the next few days, sitting comfortably +1900

[Go65]

Right then. I’m just off to the UK (Ungraded) page !

[Gruff]

Just now, Go65 said:

Right then. I’m just off to the UK (Ungraded) page !

Bye!  

[jultorsk]

12 minutes ago, 9x883 said:

Depends if the Israel - Iran conflict escalates really. They seized a ship today, retaliation strikes following the embassy strike are imminent. If that kicks off tomorrow, we could expect a sharp rise on Sunday night

Jordan has allegedly announced closing its air space tonight. Not that I'd consider the MSM trustworthy on this or anything much for that matter.

https://www.mirror.co.uk/news/world-news/breaking-jordan-closes-airspace-israel-32581517

[Smiler999]

Monday morning should be interesting 

[Gruff]

Sunday night on the Aus/NZ opening, I'd expect very volatile action. Perhaps down initially, and then bouncing higher. The escalation with Iran/Israel will cause a flight to safety. It's getting serious now in the ME

[Chronos]

Iran Begins Attack On Israel By Launching Dozens Of Suicide Drones:

https://www.zerohedge.com/geopolitical/us-pressuring-china-turkey-saudi-arabia-intervene-iran-halt-attack-israel

[AuricGoldfinger]

Hopefully up. I think £2k is my sell trigger

[9x883]

5 minutes ago, Gruff said:

Sunday night on the Aus/NZ opening, I'd expect very volatile action. Perhaps down initially, and then bouncing higher. The escalation with Iran/Israel will cause a flight to safety. It's getting serious now in the ME

This has been planned for months. The sharp rise in gold is part of the plan. In the face of economic collapse, what better way to misdirect than start a war!

[Chronos]

3 minutes ago, AuricGoldfinger said:

Hopefully up. I think £2k is my sell trigger

I would wait if I were you ...

Edited April 13 by Chronos

[Chronos]

Bitcoin down 7 % - "safe asset"

[Sovhead]

Reuters

 

“Combined with the drones, that can be used to swarm Israeli air defences, Iran might then launch cruise missiles that take around 2 hours followed by ballistic missiles that would strike a target in 12 minutes”

[Chronos]

11 minutes ago, Chronos said:

Iran Begins Attack On Israel By Launching Dozens Of Suicide Drones:

https://www.zerohedge.com/geopolitical/us-pressuring-china-turkey-saudi-arabia-intervene-iran-halt-attack-israel

Iran has launched drones at Israel, the Israel Defense Forces (IDF) said on Saturday night.

It said the wave could take hours to reach Israel.

Not a serious attack for now, IMHO.

Edited April 13 by Chronos

[Go65]

1 minute ago, Sovhead said:

Reuters

 

“Combined with the drones, that can be used to swarm Israeli air defences, Iran might then launch cruise missiles that take around 2 hours followed by ballistic missiles that would strike a target in 12 minutes”

I can’t help but think of Nero! 
This is a mess.

Edited April 13 by Go65

[DisplayName]

It's not about the drones. The drones are there to draw the missile defense and probe for weak spots. Once the missile defense (over a million a missile to have a shot at taking out a 4k drone) is out of missiles, then the fireworks will launch. If such a thing would even happen.  

[jackflash123]

5 minutes ago, Chronos said:

Bitcoin down 7 % - "safe asset"

Most of the Crypto currencies are down right now. Some of the alt coins by 15% and others by as much as 25%. Cryptos are one of the most volatile assets that you can own!

[MancunianStacker]

3 minutes ago, DisplayName said:

It's not about the drones. The drones are there to draw the missile defense and probe for weak spots. Once the missile defense (over a million a missile to have a shot at taking out a 4k drone) is out of missiles, then the fireworks will launch. If such a thing would even happen.  

Sometimes offence is the best defence.

How’s Irans missile defences 🤔