I'm waiting to see the reaction at 1300 and possible 1350 if it breaks above before any shorts. Will be patient - the Risk/Reward is appealing. I think if strong rejection at either 1300-1350 then another attempt for 1180-1200 is likely.

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

1229 gone.

All Majors and Gold

Crazy moves. An opportunity to load up shorts?

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

Bearish. Will it close sub 1222?

All Majors and Gold

Gold is looking to close sub 1222 to really get this bear move started...

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

That was strong rejection at 1236.

All Majors and Gold

1235+ needed for the bulls..

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

Time to go Long? 1231 did its job pretty well.

All Majors and Gold

Target hit :|) Now Long 1238 with tight stop.

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

Of course, I'm no expert at this, and always learning all time time. Thanks for the lesson, some good analysis and what to watch out for.

All Majors and Gold

In my opinion, this was to finally confirm the top around 1251 area as well as the obvious short squeeze... But of course if the price exceeds that area then this quadruple top will be invalidated

All Majors and Gold

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

Interesting stuff The Rhodie.. Thanks.

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

Obvious strong horizontal resistance at 1251-1254 that stopped the bull move for now, the question is will that area hold on the next attempt? Worthy of a buy order at 1253 with a tight stop, targeting 1270. First though I favour a retrace to ...

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

Wow, Some big moves recently. That was some short squeeze. Currently Short 1248:

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

Sorry, I was attempting to catch a few pips using lower time frames and it seemed bullish on first glance but failed to really break higher. I agree with bearishness....some move today..

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

Now Long @ 1226.65... Nice hammer on the 15min... Is it Pin Bar time?

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

I have hedged from 1246.5. Target 1250.35 Also placed a bunch or limit/stop orders with tight stops. Sell below 1245.50 - Target 1232 Buy above 1258.65 - Target 1280 Buy at 1246.20 - Target 1248.50 Now hitting the sack... Good luck....

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

1244 the level I am watching, hoping it breaks this session to provide momentum for the other targets this week. The question is will Gold finish the year by printing a new low? Not long to find out...

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

Looking at that, it has already backtested the 55 moth moving average and was rejected, unlike 1976 where it carried on north... Unless i am not interpreting it correctly?

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