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Gold Monitoring Thread £ GBP only

ChrisSIlver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

 

Message added by ChrisSIlver

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It only went up 0.2% in the US in the last 24hrs the huge 1.2% rise in the last few hrs is in £ only because of the loss in value of the £ after they said brexit is kinda impossible.

If nothing else is said today, I'd expect it to recover by 0.3-0.6% or so

Edited by Miganto

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17 hours ago, Miganto said:

It only went up 0.2% in the US in the last 24hrs the huge 1.2% rise in the last few hrs is in £ only because of the loss in value of the £ after they said brexit is kinda impossible.

If nothing else is said today, I'd expect it to recover by 0.3-0.6% or so

Gold in USD has risen 1.2% over the last 24 hours, 1.6% in GBP

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1 hour ago, HighlandTiger said:

Gold in USD has risen 1.2% over the last 24 hours, 1.6% in GBP

This may be so, however at the time of writing what I said was true and the 0.3-0.6% rebound also happened in the early evening due to the pound recovery.

Context and timing are key! For instance if I were to quote you and tell you the facts right now, it's gone down 0.03% in the lat 24 hours! :o

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1 hour ago, silvernewbie said:

Price over next weeks/months/ up or down?

 

https://thesilverforum.com/topic/25363-my-take-on-gold-short-term-trend-graphic/

 

I'm currently waiting to see if gold is going to

get to ~$1415 this winter.

 

HH

Edited by HawkHybrid

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Well, this is turning into the buying opportunity of the century. Load up before end of October, preferably before the EU summit, or during, if it is choppy when they are negotiating.

Anyway I can't share their optimism for a Brexit deal at this stage. I think Boris is bluffing and Varadkar fell for it... he is buying time, of course, and doesn't want his parliamentary opponents to think no-deal is a strong possibility when we have still a few weeks left, and they could potentially wreck his plans if they knew what it was. So... he's been very clever and mislead Varadkar who will in turn influence the EU to be complacent. We will see :) Boris is smart...

Edited by goldmember44

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