It seems like i was right. It was just a bait. Keeping short was a great decision. I've exited now at 1404.5. There is a lot more downside potential,however i'll wait for Powell's speech to confirm this.

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

To me this sudden upward momentum in the last hour looks like a bait for retailers of some sort before price continues downwards. We saw the same thing happen 10th July 2019 between 18:00 and 18:30 MT4 server time,the price dropped significantly for ...

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

Based on fundamentals, XAU/USD should go down. I'm keeping my shorts active for now. Yesterday we didn't have any strong fundamental points to give direction.

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

Today we receive retail sales estimates for June, which will provide us with a complete look at how sales fared over the second quarter. I have recently nudged my Q2 personal consumption expenditures (PCE) forecast higher to 3.4% from 2.9% ...

High Impact Events Trading... Gold & Copper

Hello again, There are multiple ways to research this topic 1. The best way would be for you to directly contact the mining companies, however to do this you usually need to do it via your buisness email/phone number if you work in an influential ...

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

A common practice in mining is to expand the mine until you extract every ton of ore the makes any profit at all. In public releases you will find a reserve report that includes the total tons and ounces of gold found to date in the mine that can be ...

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

The Empire State manufacturing index has increased to 4.6, beating all forecasts. This could be the push needed for gold to drop further down. If we zoom in to a 30 minute chart, we can see potential for a downturn. The trend is down for all ...

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

Tonight we see the release of some Chinese economic figures for the second quarter, which will give the latest reading on the health of the economy following the solid start in Q1. Most notable will be Q2 GDP data, which the consensus expects to ...

High Impact Events Trading... Gold & Copper

Yeah, I always do! I stumbled upon your high impact events trading thread ( url ) the 2 days ago, and I must say i'm glad to see more discussion in the non technical aspect of trading. ------ As for gold now, the technicals point to a market that's ...

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

Be vary of the PPI data that will be released at in 30 minutes, it may have a significant impact on the market if it falls short of the expectations. This probably wont happen, but still it's something to keep in mind. In a market that is "hope ...

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

Hello! I personally don't look at any pairs when trading gold, the only situation when i do like to look at other pairs is when there is a high impact event to determine if something is market manipulation( for example, something like stop loss ...

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

I've closed my trade at 1407, the situation has become too uncertain for me, i will wait more for a better oprotunity... as @Eventstrader says: "Capital preservation first,then profits".

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

I wouldn't bet on it, according to my analysis the market should go "straight down" from here, it's possible we see a small rise until just under 1410,but i doubt it'll happen. I've sold at 1406. Both wave analysis and mp point to a "straight down", ...

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

Yes , you can watch it here video

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

US CPI Inflation and inflation pressures remain tame as the calendar rolls into the second half of the year. In May, the headline Consumer Price Index advanced just 0.1%, with the core CPI increasing 0.1% for the fourth consecutive month. Looking at ...

EURUSD only

Inflation and inflation pressures remain tame as the calendar rolls into the second half of the year. In May, the headline Consumer Price Index advanced just 0.1%, with the core CPI increasing 0.1% for the fourth consecutive month. Looking at June, ...

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

What is this on your picture @moneyzilla ?

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

From the testimony: Congresswoman: "Has the job report changed your outlook on your monetary policy?" Powell:" The short answer is no". Time to buy!

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

While i would agree with you that gold is currently way too overbought, i'm of the opinion that the pair should finish the year in it's current range (1400-1450), a bearish outcome might come, but i don't believe it will be long lived and i'd expect ...

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

Same here, i've cought the bull though, managed to buy 2 minutes after the release, i was browsing ff and saw it accidentaly on news... I've closed that trade and have opened a new one at 15:00, i've placed a stop loss at 1405, and i'll tp around ...

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