Just now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?

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

Just closed the rest of the positions now at 1880. Off on hols to Australia. Nice to step away completely for a while. Profitable trading to you all.

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

PA now at 18dma (1824).

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

long 1797.2. 18dma now 1823.7. watching to see if it can make it for the NY close above 18dma

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

XAU hasnt closed below 18DMA since 05JUL. 18DMA currently at 1822. Watching to see if it recovers back above.

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

Swiss escalation of currency wars to boost gold — url

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

--------------- Yes, see my post at 9705 - the fractals resemble MAR06

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

oh yes. I missed that. Yesterday I was taking buy scalps. Today, its all been sell scalps. We had a little spike to 1854 on 24AUG and I am hoping for a little challenge of that and hitting a distribution zone there.

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

--- Chart attached - This is a weekly chart though. couldnt use a daily to see both 2006 and 2011

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

Patterns — I noticed that the first part of 2006 in xau looks the same as this year. After breaking the plateau in MAR06 xau shot up about 24% in 4 weeks. This year it shot 30%. In 2006 it fell back to the plateau. If it follows the pattern ...

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

Anyone buying here? Its still above the 18dma (1617).

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

DMA = Daily Moving Average Basically its the MA lines on the Daily time-period chart. I look at the Weekly, Daily and 4H charts. For S/R is use Fib Retracement levels, Pivotals (see the 5 horizontal lines 2 red, green, 2 blue), and i use Zones also. ...

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

I see 18DMA arcing down. Chart is daily. 50% retracement is seen often in gold and that would bring us to 1442.5. 100DMA is 1474.5. Gold is normally weak in this seasonal. I read an article on Fib Time cycles and calls for a low at about 19AUG11. ...

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

Greek vote result in - any reason that gold should go up now in this seasonally weak time over summer?

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

tighter regulations scheduled to go into effect next month — url

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

I'm thinking end of QE2 in name only. THey will somehow re-cycle the money rather than soak it up. Reason is that the economy is still not where they want it to be. For actual trading of XAU though, i will rely on the technicals, keeping an eye on ...

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

Thanks for that. My post is based on Daily. The 50% is based on H:1575.3/L:1467.7. Is that the correct way to draw a Fib retrace scale? My H, L is based on all time H and the huge break low of 05MAY11.

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

seeing next supp at 50%Fib at 1519.2 which is just below last swing low o f 1519.35 (02JUN11) and also below the 18DMA.

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

Good call on your long.

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

How did you choose to set Fib 0% at that level? There is a higher level a few bars infront. Just learning. I have set my fib at the high of 1575.3. I thought that is the place to set it.

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