See notes in red. LTL adjusted to accommodate prior low. Now sometimes there can be a full break through, yet it just get's snatched up creating a pinbar and rendering the break itself FALSE,. Need to wait.

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

Yes. Price is dangerously close to breaking out of the triangle as well. Let's wait and see if it is a false break before reaction..

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

That's your problem right there brother, It's not the account size. It's the open risk. Metals are volatile - yes very - and sometimes they slump. But with anything less than 5000 you should be trading Gold and Silver in MICRO LOTS. ie: .01 .03 .05 ...

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

Great trade You taking profit or riding? I'm usually always in that pair.

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

USD CHF — Uptrend line broken. 130 pips off the top. Looking to enter short on pullback.

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

It has served as a semi pivot SR level from before and after the rise to 1567. Draw a line on it on an H4 and look at the PA around the area.

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

Here's another view. I do not see this breaking down. Changed colors of lines. Also notice the respect of the 200 SMA on H4 or 240 min. Strong Strong support. This should provide a breakout..... Euro Flying!!! Swissy Getting dumped .... Pissed I ...

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

Looking at the H4 we are once again in basically a symmetrical triangle. Price is consolidating and winding up, there is a top downtrend line as well as a rising lower TL. At current A break out of above 1510 and test might provide a further break ...

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

Agreed. 1500 first should signal a run to 1507 area Next 1515 and above 1520. There goes 1500 as writing. Now if the Euro can take out 4250 / 300 we may see a reversal there. I'm long from 4125. Long Aussie from 1.056 Gold 1492

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

Price is looking to pop 1500.... Euro just got a boost as well as aussie. I'd like to see at least a run on 1507 today.

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

Dollar Getting Dumped Star of the Day NZD USD. Going to wait for pullback and trade Asia. Have to run out. Gold getting some boost here. Looking to pop above 1515 in next sessions. see ya guys later GL X

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

Good Explanation - Tool — " When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity. The price of all US Dollar ...

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

NP. Here are some of my standards. Simple - Old - and Powerful. 1. Support and Resistance - First and foremost, I always have supports and resistances stronger and older most important. Usually the price will revisit the same areas multiple times. ...

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

Gold for 2016 — Sometimes it is interesting to see the price of less traded futures contracts. For instance here is the chart for Gold for delivery 2016. There are links to futures settlement dates in the first post at the bottom. Here the ...

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

If you want to read Bernanks Testimony going on now here it is in text. url

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

Just bouncing ina 3/4 USD range. Not sure why you are looking at a 5 Second chart! It will break at some point. Looking up with potential bounce down first... = be careful of london headfakes..

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

Yes - In one and out of another. It is refreshing to look at a naked gold chart, then plot simple, major support and resistance and a few TLs and MAs after. Gold has a tendency to move sideways a lot right through Trendlines, forks, channels and ...

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

When in doubt stay out!

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

Price seems to be consolidating in 10 to 12 USD range around psycho level of 1500....

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

If she clears 9000 then pops and holds 9300 I will consider positioning. Otherwise just looking for 40 to 85 in either direction.

USD/CHF