RSI is a really handy tool if used for more than indicating oversold and overbought. You can use MACD the same way, but I find the single line of RSI to be much easier to read. With price-action trend lines, support/resistance, pivot points, and ...

Davit's Confluence Trading

They're the same Fibs I've been using all along. Here's a zoomed-out daily chart. The May high Fibonacci in blue-grey (numbers far left) and June high Fibonacci in black. May high is 50% of Sep. '12 high and June high is essentially the 76.4% of the ...

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

I agree, and I think the downside target is the $1370 area which is the 38.2% of that Fib which has confluence with the two longer-term Fibs previously noted on daily charts.

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

I find this ~$30 drop in gold then pause quite curious and I'm not much fonder of silver's behaviour. For that matter, nothing is moving in any way that I personally find tradeable. Gold hasn't pulled back to any long-term key level, though it seems ...

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

I've toyed around with different settings over different time periods, but I've found the usual default 14 period setting works well enough for me in all time frames.

Davit's Confluence Trading

Today they "remain modestly bullish" with a pull back target of $1350. In the live session they place initial support at $1397.

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

Please do not post calls without providing technical analysis.

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

Thank you for the link. The gist of this seems to be that some American learned about Japanese candlestick patterns before they become popular in the West and "created" a system based on just shooting star and hammer reversal patterns, calling them ...

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

I'm still waiting on AUD/USD & NZD/USD to make a decision before I do anything. I use the USD crosses as a barometer against their non-USD counterparts and I have less confidence than you fellows that an Aussie and Kiwi vs USD reversal are going to ...

Davit's Confluence Trading

Can you post a screenshot demonstrating this, because I don't understand what you mean either.

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

Not to be confused with the Mark Perry the extreme capitalist, member of ultra-conservative think-tank Mackinac Center for Public Policy, and professor of economics and finance at George Mason University in Washington. Articles from his blog, Carpe ...

Davit's Confluence Trading

Here is a decent DailyFX article pointing out how they "correctly identified" gold's move up to this level over the past two months (and failing to point out that they said to wait for short-entry signals with a target of $900 the entire time ...

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

Removing trend lines for clarity, gold is stuck in low-volume trading between confluent long and short term Fibonacci ranges. There are no short-term RSI trends to give directional bias at the moment. The adventurous may want to scalp the range or ...

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

I would expect (and hope) for a correction to the bottom of the channel, but both gold and silver have stalled just below market open (platinum is up 1%), and for that matter, all markets seem to have essentially stopped trading at the London close. ...

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

My understanding of Ichimoku analysis is that it requires agreement with a majority of the indicators to confirm direction. In your chart (which I'm unable to duplicate), although both (?) Kumo clouds are bearish, and the Senkou Span of your second ...

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

Sorry, I went back looking for your previous chart postings and I guess I saw so many charts from Archer the name got stuck in my head. Yes, looking forward from future charts from you as well, naturally.

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

What is your technical reason for this? Also, TP target had already occurred before you made this post making it doubly pointless without your accompanying analysis. 5 minute MACD made a bullish crossover about when you posted this for both silver ...

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

Agreed. Your (Archer) own charts and comments indicate bull market. Emirfas1 seems to be bearish with a target of $13.1 for silver (though the green support line supporting this target doesn't appear to be drawn correctly) so you're not completely ...

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

A pullback to $1403, the 61.8% of the last hourly chart I posted, would make me very happy but I'm not counting on it. So far the reaction looks like knee-jerk autotrading -- there does not seem to be any follow through. Hourly RSI turned at 50 and ...

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

Stupid spike down on stupid Goldman Sachs' comments cost me $1,000 profit because of these stupid eMicros and their stupid lack of trade volume. I thought everyone knew to do the opposite of whatever Goldman Sachs' says by now -- it is always ...

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