i will clarify, i see potential resistance between 1681-87. if i see any bearish reversal candlestick formation on 4H timeframe within this price range confirming resistance, i will short, and short some more if we break below 1672. didn't see ...

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

agree, i see buy buy buy above 1697. we're at an important price here at 1681, if i see a bearish candle here and a break below 1672, we could go to 1656 or lower.

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

long @ 1702, sl = 1693.4, tgt = 1740 think we're in c wave higher, which started at 1693.5.

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

nevermind, i don't see that gap on other progs, just MT4, must be some glitch.

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

wow, timely exit! it just gapped about 2 bucks as it broke 80

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

sold all 3 positions(entered @ 67,73,77) @ 1783.5. target was 1794 but didn't really like the recent price action as we saw resistance at 1786, so got out.

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

good consolidation by both gold and silver just below important resistances, shows that an upside breakout is looming. gold could see 1794 and maybe 1803 from the bull flag breakout on the 4H chart. having said that, I'd like to see more ...

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

I'm with you. long @ 1767 and 1773 from yesterday, stop is 1758. tgt = 1803 wave 4 correction could be over at 1761, and we're now in wave 5 higher.

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

for gold, you're saying we're in a triangle, with the E wave having started lower. However, the triangle connecting ABCDE you show is neither descending, ascending, or symmetrical. Am I missing something?

Perfect Wave - 2012-1/2

short @ 1723.6, sl = 1729.6, tgt 1710

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

crap, stopped out again. I'm done trading for a while. I will wait for the trend to be clear. I think problem is I'm trying to trade within what I think is wave 4 where the corrections are long-drawn out and complex. This wave is a killer, most ...

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

bot @ 1718, stop = 1712, tgt = 1736 Playing the falling wedge game on 30min chart

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

out at 1726 for loss, ok, i'm done for the day!

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

short @ 1716.5, stop = 1724, tgt = 1702, using 15min chart to execute

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

important 1-2-3 pattern top confirmed on the daily/4H chart with the break below 1709. Bears could aim for 1655. Missed my short entry at 1727, so will continue to look for short signals till we don't bottom on daily timeframe.

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

sold both positions @ 1721. methinks longstanding trendline is broken. bye bye gold, will look to buy @ 1660

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

added 2nd unit @ 1745, stop raised to 1721 for both positions(1st one @ 1733.5), target still 1817

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

long 1/3 @ 1733.5, stop = 1709. Will add at 1745 and 1757. Target = 1817. Theory: we're in wave 5 that could potentially go to 1825. wave 4 ended at 1709. Honestly, I don't like this trade, but you gotta take all the signals! Reason I don't like it ...

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

from what ive read i feel michael marcus was the best. he seemed like the most intuitive and naturally talented trader out there

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

^^ good for you. again, i'm not trying to pick a top. i just think risk is now skewed to the downside. another anecdotal example i can give is one of the brokers who i deal with was pretty bearish when gold was around 1650/60 and he was sending out ...

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