Fun Forecasting with lines — Here is the weekly. Notice the flips of various S/R levels.... Next I will add horizontal supports. Then we'll start getting some really great position trade order entry. Line chart added as well to erase "reaction ...

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

Here is the current weekly channel — One could have called a short simply on price reaching the outer trendline. Look at the reaction, next the close.

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

It get's old doesn't it? I mean come on already. Just like we buy in an up market we sell in a down market. Look if I am scalping I could care less what the daily chart is doing at that moment. Yet I will still know what the direction of the market ...

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

Agreed LP The bigger picture is far more important.

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

Support and Resistance - simple - old - most useful price action News / economic health

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

It will go to 2000 and I will be along for the ride. We can remember this post. Markets correct, it's not brain surgery, silver was screaming for a correction. Fact remains, a few weeks ago we would be saying "so the price has now settled at 1300" ...

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

Great post Harv3ster. You are correct. You do not and I strongly suggest to any newbie trading gold to trade micros. We can break it down again. In terms of gain and loss. before so - I am still unclear. Maybe it is your broker? - a 1.00 Usd move in ...

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

N - NON F - FARM P - Payroll WIKI " Nonfarm payroll employment is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. It is a ...

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

There's the pivot... 1460 dip... Now price - 1488

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

Don't get too comfy mate. That can change on a dime. Be ready for anything.... The US numbers were NOT good. Market shaken by trichet. Not yet reacted to numbers.

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

As planned -- see the pin let's see if this holds....

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

Market too unsettled for positioning. Only scalping today. If 1496 goes next target appx 1475 then reassessment. Silver looking weak.

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

1496 hit and entered - again just now... Now looking at silver -

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

Amazing, Trichet speaks and drops the Euro, helping the USD which just came out with some pretty Abominable numbers esp. UNEMPLOYMENT....

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

She does. But get ready for renewed buying. Risk waned today, and although a safe haven Gold and Silver still have risk attached. Let's see what the london boyz do tonight and how ny responds tomorrow. I have been trading london with orders and NY ...

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

Just got back from the coin shop with my mouth watering over a stack of 10 10 oz engelhard loaves! image image Someone had just sold in... It looked Like a late 80's buy, probably bought in at about 4 bucks an oz. Saw 50 turn to 40 and got a bit ...

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

Looks like the risk aversion selling has cooled off for the day.... Hmmmm.

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

Potential entries I'm looking at Gold 1504/2 and again 1496 - and 1476 Silver - in 3's doubting on too much sub 30 so 36.35 - 33.59 - 30 area. with potential dip into 29s incase of accelerated profit taking/ selling. ------------- @ Goose - Yes ...

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

Now we're getting some action!!! Just bought Gold. Long EUR and AUD as well - short swissy..... Tempted to buy cable.

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

If you are scalping Harv3ster why not trade LARGER positions with smaller targets like 3.00 USD swings and close. 50 pips = 50 cents BTW ???

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