GOLD

ducati996

Newbie
3 1
Rumour has it that London and the Bullion banks are going to be granted an exemption from Basel III regulations.

jog on
duc
 

ducati996

Newbie
3 1
what will this mean for the market?

Well given that the implementation on 1 Jan. 2022 was effectively going to end the paper gold market, with a corresponding rise in the POG, failure to implement would, you would think, negate the bullishness.

Possibly however, given that it is a unilateral exemption to the London market, removing the other Bullion Banks, Europe/US, the paper gold market shrinks significantly enough that POG rises anyway.

Anyway, it is only a rumour, unconfirmed atm.

jog on
duc
 
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IceThor

Member
64 11
Well given that the implementation on 1 Jan. 2022 was effectively going to end the paper gold market, with a corresponding rise in the POG, failure to implement would, you would think, negate the bullishness.

Possibly however, given that it is a unilateral exemption to the London market, removing the other Bullion Banks, Europe/US, the paper gold market shrinks significantly enough that POG rises anyway.

Anyway, it is only a rumour, unconfirmed atm.

jog on
duc
Interesting, thanks.
 

bax699

Well-known member
404 81
Good morning all, got a little trade setup for GOLD . I was expecting price to fall back to the demand area near the trend line , but as we can see price has broken out back above the trend line . Looks like the bull may be continuing its course. So we are looking to buy back in if we get a retest of the break. It may be the case we don't get a retest of the break so will be looking to buy from the other area's of interest above zones. Mark your levels up and keep watching for your entry. GLIYF

Screenshot_1.png
 
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IceThor

Member
64 11
Good morning all, got a little trade setup for GOLD . I was expecting price to fall back to the demand area near the trend line , but as we can see price has broken out back above the trend line . Looks like the bull may be continuing its course. So we are looking to buy back in if we get a retest of the break. It may be the case we don't get a retest of the break so will be looking to buy from the other area's of interest above zones. Mark your levels up and keep watching for your entry. GLIYF

View attachment 303099
ON IT
 

bax699

Well-known member
404 81
Good morning all, today I entered a small position on Gold . We got the impulsive move above the trend, then a drop back in price which looks like a re test. The daily candle wicked out to form a hammer which presented nice buying power. So I joined in for the ride hopefully. First aim is the supply zone above, but then I will hold for further possible movement. Fairly easy trade to take, zones should of been marked out from the last post. GLIYF
Screenshot_1.png
 
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