1440 - broken - new price structure forming — Just a reminder it took us the better part of a month to break 1440 with conviction. Yes there was the reaction old high of 1447 appx., but we can see the difference between a one time high and a ...

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

Yes. Forgot about that! Quite nice - -------------- As you guys were discussing earlier, I have to say I'm in the middle on the $40 price point. It may just creep through it. No real reason to take profits today.

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

Yes it is. You like that nice 130 pip fallout last night. 9200 may be rejected which is now - give or take 20 pips. If it makes it back to 9250 which I am doubting I would short around there if the PA is showing entry.

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

For intraday not much market moving news on the board. Besides the dollar sinking against majors. See correlation chart at bottom =back to strong inverse DXY correlation with XAU. USD/CAD broken support showing fresh lows AUD/USD Employment data ...

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

I doubt how much gold these ETFs actually "hold" in their vaults anyway. A while back there was a report released about the population having bars come up with the same serial number 2 to 3 times. Not sure if anyone remembers that.

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

Morning How are the "shorts" doing in here?

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

Well put. There never is. BTW: Silver demand: In my avatar are 1 ozt Silver Engelhard Prospectors - They are bullion rounds not made since the 80's. The dealer I bought from has plenty of other stock yet had posted these the other day, I ...

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

Well, let's get some things straightened out here. I am not worried. If it was my account then maybe I would be. Nor am I criticising you. Just merely pointing out the obvious. There is a (slim) possibility, but it is highly, highly unlikely ...

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

Good Call Here — Great trading Hope it worked out just as you wanted.

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

What's important here is that with conviction the MAJOR resistance for the past Month has been 1440 and it is now BROKEN. This is bullish. The Futures pits are closed with a new high. I could see a potential test on 1440 at some point, yet we may ...

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

Great point. I with you bud. I may take small profits, yet I decided against that the other day and now we have a $23 single H4 candle... Hmm. Glad I stayed in. Buy dips.

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

Why must it? What if it goes to 1460? What is your stop for this trade. Again the same thing we are discussing. It most likely will shed some of the gains later, yet "most likely's" are not valid reasons for a trade. In fact, you could have already ...

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

High as Line chart with notation of last high — This chart is a few minutes old now. Fawaol take a look.

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

Point made, yet since the inception of this thread one could have put on a large position at 1050 and have a Clean $400 dollar move in profit on that lone trade. Looking at the market once a day or even once a week if they so desired. Not to mention ...

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

To each is own but man I do NOT get you. You're waiting for Gold which is in a massive bull run, that just BLEW through every record high without a hitch, to go short for a 3 USD move? It just seems backwards. Why not be holding longs from below ...

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

Yes, part of the position was closed pre chart posting. Regardless, if it pops 9300 and my downward green trendline I will consider closing. I left room for the possibility of it reaching the line. Currently that trade is in the red.

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

Beeb if they are trading via FX broker it is as follows: Micro = $1000. of the base - A 10 USD or 1000 pip move in gold with one micro = $10 profit so - 10 cents a pip Mini = $10,000. of the base expressed in the "quote" usually USD - so A 10 USD or ...

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

Silver 39 Bucks!!! Bringing spot physical metals premiums into the 40's now. I bought the dip on 38... We are cooking here today. Notice how little attention the Gold price paid to the last high? This is why I use line charts for truer and major S/R ...

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

AND THERE IT IS!!! all -

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

poor # 10:00am USD ISM Non-Manufacturing PMI 57.3 59.8 59.7 Positive GBP news AUD rates same. Brent crude soaring into the 122 a barrel zone. Should help push gold a bit.

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