FOMC might be the catalyst to hit new highs

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

Not a huge gamble if I am wrong. I don't think rates are going to change and most of the meetings this year caused it to go up. None had any whipsaw effect the way gld does. So if I am wrong no big loss. Nice gain if I am right though. Will likely ...

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

Silver spent the day bouncing just off that resistance area of 19.25 - 19.30 that usually means a breakout, but anything can happen I guess. If it breaks clean, it will definitely hit 20.00 again. image

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

Silver looks like a breakout to me. Keeps retesting and lingering around that 19.25 area. We will see if it pops above that resistance line.

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

Not necessarily. The fact that it is lingering around the top of the range may mean the shorts are not touching it, but its hard to say because it is Sunday night. We will know at the start of the US session I think this morning.

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

Both Gld and Slv are forming cup and handle so this could be the break out. Hard to say though with so many false breakouts over the week.

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

Strange movement for a Sunday night. The NY city bombing maybe?

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

Oh my freakin gawd. A small gap up possibly over the weekend and then short the living crap out of silver. Its going to take a nose dive past support and thank me later. Unless of course it ... it you know doesn't. Seriously, it looks like bulls are ...

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

Silver looks like it will take a nose dive to me. Shorted at 18.97, stop loss 19.20. If I am wrong, then a small loss. If right make much more. If it breaks above, then I'm most likely dead wrong. I'm expecting the move in the US session tomorrow.

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

You may be right cvd. Its like I say 18.70 is a very hard support, so we could still see choppy movement. If it breaks though it could be very profitable.

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

Took a couple of shorts this morning. More of a hunch than anything else, I think I will keep them hope for the best. Imo silver looking to go down on the weekly. If it breaks that long history of support at 18.70 ish, then it could really plummet. ...

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

In terms of stocks, I couldn't tell you where to deposit. I don't think there is much at all actually. Some have a minimum of 500 or so like etrade, but you really need to do a lot of research. In terms of trading currencies you could check out ...

New in Forex- Where to start?

Closed long for 10 point gain. Not feeling comfortable about either up or down. I think it will go choppy for a day or two anyway. I do think this is the last stand for bullish for a while if it breaks below and stays below 19.00. Hard to say right ...

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

Closed all shorts and went long at 18.90. Crazy volatility over the last week. This could be a bad trade, but have expect a correction after going in one direction so quickly. Sunday initial spikes are a good fade usually.

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

Silver on the move. Continues to break support areas. Gold not doing much. The US session may shove them down quite heavily tomorrow morning. I added a sell position @ 19.06, but I'm kind of hoping for some pullback to 19.00 so I can add a couple ...

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

Oh, one general thing about leverage and how everyone dumps on it. Leverage is there to use only if you want it you don't need to use it even if you have it. You can open an account with forex dealer with 100, 200, or 400 to 1 leverage. You can ...

New in Forex- Where to start?

You are still a long way to go from trading real money as you don't seem to understand risk yet. I would trade with real money instead of demo, but trade the smallest amount that you can. Its just that if you trade fake money, it has no meaning. At ...

New in Forex- Where to start?

Well, well. Here we are, start of a new week. Looks like so far, there will not be much of a gap over the weekend. Fridays movement did puncture support a little, but not convincingly imo. It still may go up from here. I'm currently deciding whether ...

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

Hey, I've given up on trying to trade gold. It is too erratic and volatile. I like silver better as it is much smoother and not prone to the weird stop loss hunting spikes. Anyhow, I have job and can't day trade, so I can only intraday trade. You ...

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

Very little profit taking at the end of the us session. I think we going to 1370 with some choppy action at that point, then newer highs it looks like to me. I'm not expecting much action in the asian,euro session as usual, but I think the us ...

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