Could be a 5 Wave move already? Cheers, U2

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

Hi, If it opens on the Long side, I will look for a Buy on retracement, at a higher low. $1245 being $4 above $1241 is quite a healthy move. There may be a better entry around $1243. Cheers, U2

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

XAUUSD 12H Chart: This indicates that a reversal [Long] is a possibility. A Doji reversal Candlestick at a previous Support Level. Cheers, U2

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

Hi StarsK, I also have 1241 as a possible support level [for a correction]. The MLY, WLY and DLY are all RED and trending down. Will the 4H pin bar provide Support is the question? XAUUSD 4H Chart: Cheers, U2

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

I can count a Bullish 5 wave move = Wave A. Watching for an ABC retracement = Wave B [to a higher low]. Waiting to trade a Bullish 5 wave move from a Higher Low = Wave C. The Low at 1237.97 must hold to be valid. This would be a counter trend trade, ...

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

XAUUSD MLY Chart: June was unequivocally down from a Lower Double Top. Expecting a week or two of choppy consolidation, before further downside. Cheers, U2

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

XAUUSD 8H Chart: Market Makers cashing in their Shorts below $1250, then looking for buyers on retracement to Short it again? Cheers, U2

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

XAUUSD MLY Chart: MLY belongs to the Bears! Current Long bias just a retrace? Cheers, U2

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

XAUUSD WLY Chart: [Long] Cheers, U2

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

XAUUSD DLY Chart: [Long] Cheers, U2

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

Hi Mitch, I'm seeing Silver also turning up. XAGUSD DLY Chart: [no position, only GOLD] Cheers, U2

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

Hi Carl, I'm using the Russel Wave levels in my Fibonacci Expansion tool. DLY Chart: I'm plotting from the DLY Low to the DLY High to the DLY Higher Low. 1H Chart: I'm plotting from the HLY Low to the HLY High to the HLY Higher Low. and seeing good ...

Introducing Russell Waves - beyond Fibonacci and Elliot.

XAUUSD DLY Chart: Long $1324 Trailing Stop from $1321 TP: $1333 / 39 Cheers, U2 Edit: Chart and TP

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

Hi GG, Short 1263 SL 1268 [Trailing $1 steps] TP 1253 Previous 2 trades: 1. Closed out +$8.50 move 2. Stopped out BE on Trailing Stop Using Trailing Stops has proved very beneficial. Collected +$32.70 in moves in 5 or so weeks. Taking it very ...

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

NOT GOLD: Looks like Bitcoin will reach its ending top this coming week? The current daily 3 thrust ending pattern should seal its fate? EDIT: Chart added XBTUSD DLY Chart: Obviously 20,000 would be the logical Bull Target for a top? What would that ...

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

Hi GG, My trailing SL took me out for a -$2 move loss, so it worked very well. [Original SL was -$5.] Had 2 previous trades [Short] that went +$10 TP moves. I'll stay with the $5 SL [trailing $1 steps], and TP $10. So far it is working very well. ...

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

XAUUSD 2H Chart: Short 1248.80 SL 1253.80 [Trailing $1 Steps now 1252.80] TP 1238.80 Cheers, U2

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

XAUUSD MLY: Looks like it's going down. [Short 1260 SL1265 TP1250] Cheers, U2

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

XAUUSD 8H Chart: Has turned Long, however the volatility is obvious. Cheers, U2

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

XAUUSD MLY Chart: Closed the week above last months close. The DLY chop has carried it sideways, and looks to be basing. I'm biased Long, but awaiting confirmation. I caught the selloff late last week, but didn't take the Buy setup Friday. It looked ...

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