I thought something like this: image

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

Looks like big inverse head and shoulders. Right shoulder still not finished. Complies with triangle range bound oscillations. If that turns out bullish, 2100 is in sights in Autumn.

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

Hi Archer, Verbalizing my strong side; trading- I am novice - 3 months- barely hanged in on Friday Am trying to understand the fundamentals. 300 DMA just interesting accident, I think. Its above 200 DMA (silver) . Livermore did not use moving ...

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

Given the upcoming political standoffs that are coming , it looke quite possible that this longer term triangle flag needs to be resolved before moving higher. Timing is May-June 2013. Right in time when budget issues would have to be solved, ...

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

Just read about 10 month ( 300 day) MA in a book "Reminiscences of a Stock Operator" about Livermore with annotations, and in annotations 10 month Ma was mentioned few times as a marker to longer time bull markets/bear markets. Interestingly, in the ...

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

Ah yes I have heard about Ensign..That comes at a cost one has to earn first. I use Saxo Bank Broker with what comes with it. Thanks for explanation of the other lines. Quartiles seem to be working nicely on its own as resistance/support in this ...

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

Hi beeb, Exactly the fork I made yesterday in my trading platform when the bottom seemed to be reached, and I started to hope i will not be stopped out following Coghlans advice on webinar I once saw. The alignment of median with past price action ...

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

On Globex, XAG got a daily hammer with long shadow. Weekly, this was first week of actual increase after 5 weeks of decreases. NFP certainly returned markets to the reality of better not try to time the 6,5% unemployment goal as some FOMC members ...

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

Beeb Pitchfork vs. Reaction -action lines- thanks for clarification, I have understood it as well by now. That was my fist attempt anyway to draw anything like this. Still, they worked quite well since Dec 10. . On Monday, the top line became as ...

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

Short term if fall over fiscal cliff completed USG debt growth will slow down by about 50% -perhaps H1 2012, and the future debt scenarios become uncertain as long as debt ceiling debate not resolved. Hence either sideways or down, until then. if ...

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

image No comments needed. Multiple hits at top resistance (0 line) Since yesterday 30, 48 till todays 30,0 . Entering Monday open at 30, as predicted. Way open to 29 ( Median) , 28,6 bottom resistance, 28 ( 61,.8 fibo below bottom resistance) . If ...

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