Updated XAU USD H4 chart Short sell below highlighted area. image

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Also I would like to list all quarterly S/R and pivots. Here are GU quarterly levels: 1.7374 R3 1.7059 R2 1.6539 R1 1.6224 quarter pivot 1.5704 S1 1.5389 S2 1.4869 S3 Here are EU quarterly levels: R3 1.5940 R2 1.5440 R1 1.4970 quarter pivot 1.4470 ...

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image Lets review EUR USD W1 chart. It's time to switch to HTF now to find hints of future PA. 1) Key area is 3400-3440. It's either make or break 2) If holds - will retrace 200-350 pips 3) If fails and breaks - next stop is 1.2000 It's important ...

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image Let's consider D1 USD CAD as a good indicator of the USDX strength. It's above WP, MP, MR1. MR2 @ 0280 is area of tech confluence, I would expect that once this area is reached USD CAD should start to retrace.

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Quick recap of H4 EUR USD posted SUNDAY The PA went according to the suggested gameplan. However what did spoil my setups, which would yield 200+ on GU, EU, AU was the Sunday open market gap! Damn shame for sure! Better luck next time and keep my ...

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QUICK UPDATE on XAU USD Gold triangle resolved to the bottom, it's below WP and MP now. Only way is short right now. 1757-59 is taken out will signal 1700. I did not short sell yesterday, reason being - if you saw gold M30 candles spiking up both up ...

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wow, this dollar is going crazy, eu and gu caboom, I jumped in GU. EU next stop looks like 3420. GU very likely 5300. wow, very strong moves for sure.!

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image quick update on gold. still focused on upside. only looking to sell if 1790-82 breaks. decent targets then are 1758-1762. Prefer upside still, provided USDX D1 is out of monthly range now and met strong resistance.

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quick update on XAU USD The PA pretty much still contained by the indecision zone, I will only look for shorts upon clean break of TL as indicated @ 1790-1792 area. I'd say if we do break targets sit @ 1758-1762 initially. However still focus ...

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

Adjusted AUDUSD TP to 1.0368.

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image Here's what I meant on EU. 50 fibo + TL.

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There is no indicators here, just pure PA. Indecision zone proves a tough nut to crack for gold, with M30 red stick followed straight away with a similar green stick, so my gameplan has not changed. PA still indicating further upside on gold.

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

reason for the trade - TL and 50 fib tech confluence.

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going to take EU, AU long upon hourly close SL 15 TP + 125

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image Interesting to consider GU D1 chart. Obviously it's going lower, but when can we look for GU to reverse. I'd say a good enough area is 5520-5560. The AMR on GU is out. The AWR got 140 points to go from current price. Current price is 5626. ...

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I closed yesterday's possies EU +43 and AU + 37, overall not a bad run. Can and prolly will go lower but I will take what is given now and look for further entries later. For today the plan remains the same - EU, AU long. GU long is cancelled.

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image Consider USDX D1 chart. Price action formed a nice resistance area as indicated on the chart. I think dollar won't be able to hold on to its gains for long now. It's about time it starts to dive lower, reason for EU, GU, AU to get stronger ...

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sure thing, still the charts tell a story of their own. Here' USDX D1. PA tried to crack through a number of times. I think now is about time it gives up! image

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

image Let's review this H1 XAUUSD chart, I think it's important that we do so. On H1 we can see PA setting up for a triangle breakout. Now the question is which way if any it's going to breakout? 1) We see a sequence of LL HL HL - which is bullish ...

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

image Why not short sell XAU USD? Cause it's in indecision zone and also @ WP right now. And you don't enter when PA is stuck in the indecision zone. Outlook still remaind bullish. Im not saying it's cast in stone, but PA looks strong.

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