I see it now. Still waiting to form the R side of the cup then the handle forms. Thanks. Learnt something.

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

it is a "risk-off" environment. Clues are seen in JPY, USD. AUD not expecting a good retail sales report coming out later this week. US not expecting encouraging data on jobs this week. Also worries about China. CHina's SHIA fell 4.26% today. AUD ...

AUD/USD

in what TF is the cup-and-handle most evident. are the edges of the cup the 22nd and 29th highs at 1264+?

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

I am seeing "risk-off' in the Yen (rising steadily, now at 88.79) and this is taking a toll on aud, nzd, asian mkts etc. I have never seen 3 outside day downs in such a short space of time. I was lucky to run when I did. I based it on the length of ...

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

chickened out. cut at 1258.5 will wait for better set up

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

just went long 1254. Thinking it will either knock around here 1259-1252 (1240). If it doesnt blast through 1259 then i will take profits first. SL 1252 Also long NZD @ 7074

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

I probably made sense back then because there was a time when GOVTs did sell due to the situation at that time. The situation is different now. Best to drive looking forwards though. Often you interpret the news one way but the price moves the other ...

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

Thanks for sharing that. An old guy told me once to forget the news - that everything known in the world is already digested and human behaviour reflected in the price action.

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

Is it impossible to have a HnS forming here as i see two L shoulders on MAY14 and JUN08?

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

I probably could, but hedging means, i need to be front of pc all the time. image are you hedging with options?

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

Had Longs from 24th @1228 and added on the double dip on 25th @ 1232 but just got rid of everything at 1251. Pity I didnt read your post first.

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

FOMC downgrade of outlook seems supportive of Au.

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

looking like a short 2nd failure to break above 1200. Am thinking that if it doesnt get its butt to the next level in short order, it will dive lower to seek a stronger support level. 1050 anyone?

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

its hit his head trying to get up over the 50% fib. If it breaks this one, the next fib at 61.8% is 1204.9 which is near the 1H 200ema and the 18dma. the spring has been winding up for sometime now - which way will it go Took two scalps today. will ...

Grashid- Gold Analysis

made two small scalps, both longs. its knocking its head on the underside of the 50% fib from recent low (1165 ) at 1197.5. Just took one at 1195.35. The spring is winding up. Which way will it burst through? At the moment, relying on stos for ...

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

50% Fib from major top to yesterdays' low is 1197.5, near Psy ceiling of 1200 and 18dma at 1199. Expecting a runup to approx these levels and will sell there. expecting range trading for a period between 1150 and 1200.

Grashid- Gold Analysis

a month would be fine for me - i'm soon off on holiday. this sell off looks alot like 2008 - see the fractals in AUD/USD.

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

au hit my '75 mark ( i mentioned au seems to move in $25 increments) and bounced. i longed at 1177 and took it at 1191 (55ema on 60m) waiting now. V Volatile. Will wait for a bit

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

good call on your short. i notice au moves in $25 jumps. so figure 1175 is the next stop.

Gold techniques, systems, and individual trades

speaking in long terms (ie not momentary scalps) i look at the 18dma as the borderline - above that, I look to set long, below, look to sell. look at a long term daily chart and see the pa on the 18dma. some people like to use 20dma. 18 gives me a ...

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