Dollar Index, Weekly chart Closed above Least square MA(20), stoch is in favour of long position, Renko turned to Green Candle... So my sentiment is for stronger dollar

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

Good morning to everyone, after studying the intermarket facts, stocks,bonds,pairs and dollar index I have concluded that probably we might see φ= 0,618 before moving north.... I will post my charts during the day. trade safely, and don't forget ...

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

the problem remains...in which direction?

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

Gann Box And the question for the upcoming week is.... 38,2% or 61,8%? Need to study more

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

Monday is the last day of the month but in South East Asia, Japan, it is also the end of fiscal year... so watch out. We have also this week some interesting news from China, Australia and of course NFP... Keep fit... no room to breath

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

emirfas1 nice comment... I have noticed that on previous Sunday... the "problem" with this is that require strong discipline, something that many traders do not have.... The other "problem" is that something that happened in the past is not sure ...

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

however, with usdjpy in a new high... need to be twice careful before going long with Gold... There is a sign on Stock oscillator that the pair soon will follow the south road... but better for me to just watch at the moment....

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

is getting bigger... good sign for long in the upcoming days... especially if the prices crosses the MA(50) @1298...

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

...it is incredible how the price fit on this methodology....1282 seems to be the under limit at the momment, according to Envelop... future will tell

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

ok...128x is confirmed... so whats next? Well as i said in my previous post... there is no 50% in fibo numbers... i dont know how but in any case it is using widely on trading...and in some cases there is selph-fullfilment prophesy on this number ...

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

Thanx Tlpx...i am not good...just follow my rules/charts i am not sure what those abbreviations mean? could you tell me?

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

Rule No1 .... never ever be greedy hit and run

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

It seems that the things getting clear... ADX and Stock agree for shorting... Renko seems to create a red candle... MA20 seems it is broken that hour short in track.... the only thing that concerns me is that we are changing session... If Renko ...

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

Good sign for bulls: this inside (almost) straigh Line inside the box USALLY means the near end of the trend and the beggining of a reverse prosess...

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

Can not even take short position due to these two green RENKO candles... Very tricky situation...

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

your graph mate is correct... but i am not using short TFs... because of whipsaws I have in my mind the overall coefficient correlation that is -85%. Sorry if i confuse you... hope that my answer helps you

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

Well, good PA for bulls but Closed my long... dont like the usdjpy...

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

first attempt to break

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

well the good thing is that managed to remain above MA20 and at the same time USDJPY is marginally under MA20 (see graph) the bad thing is the tempo that bears show... lets see what the upcoming hour will reveal

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

wow...the bears appear like a bull in a glass-store in the london session.... lets see... Golden, of course there is possibility to see 128x... for me we have to close below the MA20 to close my long and turn short...

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