Here is one image of a textbook, which I contend, usually nothing is texbook in currencies or Gold for that matter. The point I'm trying to make here is most of these chart patterns are researched and reported on websites using equities as the ...

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

Impressive. Closes on both Gold and Silver near and at Record NEW highs. My bullish flag did complete itself to a tee. Will post the chart after, but if one used the flag pole as a measure, using the one bar and the second small one on the H4 - then ...

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

great post! — Everyone should re read that.

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

To complete a textbook bullish flag the price needs to rise back up another 4 USD or so....

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

commentary — Surging Inflation Data Spurs Asian Traders to Buy Silver & Gold at New Record Highs Prices: url

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

Hmmm. Here we go! I was thinking more 1493/5 I would really like to see a touch of 1500. If the price can settle above 1500 the next leg up should be official and I'll set sights for 1750

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

Price is right near record highs. No pullback of substance yet, so potential bullish flag on H4. Looks like Gold wants to break higher.

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

Simple - see my second PM

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

Gotcha, it's very similar to drawing channels, I just tried one out before on those particular levels. What I'd like to see and will try is a Daily fork and an H4 & hourly fork from a bit further back in the chart. I think the incline on the one I ...

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

Perfect, it was, "just a little patience mm, mmm, yeah" Axl Rose - of Guns N' Roses!

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

How is this trade going for you? No backup, no chart, no reason, wild punt. There should be some correction after this massive daily move yet , poor entry. The trend is UP, you will make far more money buying dips and holding than shorting "tops" ...

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

Beeb & Six, I tried pulling a fork on the chart for fun, how does it look? Blow it up it's in dark blue. seems to be in line with S/R levels.

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

Here's the Breakout on an H1 View. — The Trade should always be placed in the direction of the trend. Which is up in this case so anyone who took it should be happy with the results. Another way to trade this if you really were unsure or ...

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

Hey Goose, I picked up fractals from a gent I met who used to trade in the COMEX cotton pit and now day trades sugar. There main reason is to predict reversals in price action. SO, the higher the time frame the lesser amount of fractals and the ...

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

Follow Up on triangle — Here is the triangle follow up on h4 Break candle- test candle - breakout added first chart so you don't need to find the post.

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

, please elaborate. Silver looks quite strong in current trend....

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

Always good to look at multiple time frames Sometimes you can catch things earlier. I got used to the higher TFs. Less stress less noise.

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

No. Not at all. We are right smack in the middle of the range of 1451 and 1461 at 1455. When I saw your chart I thought wow, quite a dramatic move, yet then blown up I realized it is a 5 minute chart. I strongly suggest not trading Gold on anything ...

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

It would be better understood if you could show us a chart of where you are pulling the original fibo from. What move? when? down / up?

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

I don't personally, but if you plot it on a daily chart, most likely it will tune in with a support or resistance area. Fibonacci was a GENIUS! Probably also better understood as a Fibo expansion I would think.

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