Hey Dario I figure the PB is in traffic, since can't really call it an important swing point such as ABC. So has less of the effect from a normal swing high/low PB.

The WoRmHoLe

hey man cant call it a PB on EU either.

The WoRmHoLe

gold not exactly a text book PB, crude oil across three data feeds perfect H1 PB, let's see how it goes.

The WoRmHoLe

chem bystree tem luchshe, bablo pobejdaet zlo!

The WoRmHoLe

fyi almost complete major pins off H1 on gold and light crude.

The WoRmHoLe

major pins almost complete on H1 gold and H1 light crude.

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

usdx positive for sure.

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

image that was an expected retrace to the ML on gold and now will test 1474-76 and once cleared 1430-1440 is up next.

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

not really if you come to think about it 1400 is approx 400 MA as well, and seasonal factor is only starting to kick in, as well as the come back staged by the usdx bulls.

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

yep retrace is in place for sure. just checked out USDX EW, upside is 76.75, but 75 has to stay though.

The WoRmHoLe

for what's it worth anyway, silver and usdx quick analysis. image image

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

going long below weekly and monthly pivot takes some guts for sure. Id rather wait for the line to break and go short.

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

news came out kinda mixed, which is good for the dollar i guess given the momentum build up.

The WoRmHoLe

also xau quarterly pivot is 1395 and thats where we are headed to right now.

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

a different look on XAU USD while it's not clear that PA will slide below 1474 right now, however sliding below this will indicate 1430-1440. image

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

what's clearly seen on H8 cable chart. image

The WoRmHoLe

commods are cooling down generally, and it's a seasonal game as well. + three year balance is 89 oil failed to reach 118,which is an important 3-year mid pivot not to mention previous high of 2008, now we are heading back to 89 and if that won't ...

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

longer term for EU tough times coming up, clearly on IEURX D1 is a harmonic pattern with 94 fib ratio, which is just a sqrt of 886. confirmed with RSI BAMM confluence first target met, however two more still to go. image

The WoRmHoLe

on GU we are already close to average 5 months range on the downside, so I'd think R/R is shifting towards upside, since there is more of it, we are almost 2 weeks into new month and are already near the monthly bottom, 6260-6280 holds the key, any ...

The WoRmHoLe

me thinks so too.

The WoRmHoLe