gold will brake 1272 as wave 1 for daily chart, it will land between 1236-1269 area, silver will brake 20.60 and will land around 20.00-20.30 area, we will then see a daily wave 2 and my prediction of wave 2 will end around 1375 area,just had a baby ...

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

I can not advice you to do something or not, it is your own trade, what I can tell you is my stop loss is at 1346, at my point of view, 1 hr chart looking bearish, 4 hr is confirming bearish , daily is still down trend, daily EW is down wave 1, 4 hr ...

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

Thanks for your kind advice,but I think I will stick to my plans, my entrys are 1326 and 1339,sl 1346,target 1272,win to lose ratio is around 4.48,that is also whinth my range (usually around 2.5-3.5),1 hr chart MACD show cross over and negative ...

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

I am still short according to my previous chart,4 hrs chart shows it just entered the 38.6 fibo retracement,sl will be 1346,target 1267-1272.

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

100% agree.

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

my target now is around 1272 mark.

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

looks like retraction is over，heading south again

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

I am thinking a retracement coming, might go to around 1350.

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

Agree with you.

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

I also agree with you that EW sometimes will not work,eg, when 2008-2011 gold,I find out that when it went to history high,EW will lost control keep telling you to go south, until it is actually settle from the top 1920-1526,then EW seems to get in ...

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

yes, IF, IF NOT,then there will be always stop loss for me to keep me out.

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

Thanks for your advices X, as I said before I don't care what fed says only to the rumors,I do follow FOMC and unemployment news,also if I am wrong,there will always have a stop loss for me to keep me clear of mind,to me when I trade I consider lost ...

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

I believe if the counting is right, there will be only fib % difference not direction difference.

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

yes, daily wave 1, 4 hr wave 5, 1 hr wave 1(I think should end, should see retracement soon).

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

looks like gold will either goto 1269 or 1236, silver will go under 19.20.

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

My daily chart. image

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

I too more focus on the daily chart and 4 hr chart,weekly chart will help me to clear my mind more.

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

My weekly chart looks like this,I think weekly 4th wave will end around minimum 1130,typical 972,max I think around 817.then will be wave 5 on weekly.

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

I don't care what feds are talking about, just based on my EW counting.

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

from my previous chart shows hopefully we can see 1326 today or next monday.

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