GOLD — For longer term traders, understand this is usually a rollercoaster ride filled with ups, downs, good days , bad days, maybe some emotion, maybe some fear or worry, but the track record speaks for itself. Be strong. XT

XAU/USD & XAG/USD - Gold & Silver Traders Thread

So gold lost 30 bucks or so off it's high. Not a bad short, yet great for forming a slight downward channel on the weekly in order to fulfill the handle part of the cup.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Yes but beeb the GC chart is futures, spot volume is very hard to calculate as you know. If we go by broker (retail) we are biased only to what their customers are doing. Third party should be more accurate one might think. BTW: the PA looks almost ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

That spike is turning this week into a bullish hammer although it is red ATM. Here are my thoughts on volume: High:1 - Price moves in range due to both sides competing for a push Higher: One side has given up or the supply/demand has subsided and ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Yeah I'm not sure what the hell is going on with netdania's volume. I don't know how they calculate it. something does seem "OFF"

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Here is another view more condensed that may be more "familiar" still not sure what that spike is...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Thanks Brother! Here is the daily, as we can see most of the move up from 1600 was on low vol. There seems to be a spike here, not sure if that is an error or what, the bar has turned as well.... Let's wait and see! Also I'm not that familiar with ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

looking at H1 this fall may be over... some support established around 1760, don't want to speak too soon, because I need to check the weekly and see how the pattern is working, more of a decrease in price may be in order to form a proper handle ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Beware of being fooled by volume. There have been sizable 200 USD+ moves in gold on low volume. Just because volume is high does not mean the chart will go one way. More than likely it spells out battle between longs and shorts and could be a push. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

What time frame do you want?

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I could see a test of 1700 maybe 1715. I am waiting to see how the potential cup and handle will turn out on the weekly. IF it persists, it will be quite a powerful play and the optimal buy would be the bottom of the handle which we may potentially ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Of course gold can be day traded! 75% of the reason it moves up and down all day is due to day trading. I wouldn't day trade a pair like USD/MXN You can start reading here. As far as trading gold, go to the bookstore and buy a book if you like. The ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

1. Avg, Gold spread is 50 pips or 50 cents which is NOTHING when on a good day it can move 50 USD. 2. No one has to withstand 40 USD drops by the simple implementation of a stop loss 3. HUH? 4. The market is manipulated yet well behaved in the ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

That stop is CRYING to be hit. Move it down a buck or so... depending on your risk and account. Either way it is very tight and not a scalp b/c you are on H1. Thus, one good spike and you are out at a loss. IMO.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

For a safe trade go long once the DTL you have is broken and tested. If this does not appear to happen and it keeps sliding (WE MAY BE FORMING A HANDLE ON THE WEEKLY of the Cup and Handle pattern which would suggest some downward move) open a short ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

For slow "controlled" scalping Aussie Asia Cross session is best because the moves are usually predictable and tame. However always be aware of those wild nights when Asia rocks the Euro 150 pips from the Gate of Aussie. This will move gold one way ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Personally you are looking for what has already happened to happen again. When what will likely happen is something else. This market has been thin since the summer and has recently started (as usual) to pick up again in t typical September fashion, ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Welcome Turveyd, Plenty of action lately in gold especially on the lower TFs which you trade. Great swings on news as well. XT-

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Weekly Channel - Long View — 2008+ to Present 0ct 8th 2012 Simple weekly channel with "blowout lines. Interesting how the origins I drew from match up perfectly with the last wave of price action and the current. SMAs 50, 100, 200 EDIT: EVEN ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

The point of the article I was expressing is that when things get down to the nitty gritty, after thousands of years, people still use GOLD as a means of trade / barter / money. BTW: I'm sure there is more gold in Iran than the world is aware ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread