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

gold is in a no trade zone for me due to mixed signals, sidelines.
Quoting jorgen.fx
Waiting to short around 1261, H1 is staring to look like H&S
I see what your talking about but I see it more of a triangle then H&S
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
Bears may try to reach below $1,230
entered long on gold at 1254
I call it for a long position as long as it saty over 1251
well if it does not breach 1251 , i beleive its going to be long bullish wave
Quoting gold-analyst
I call it for a long position as long as it saty over 1251
Today is Friday or not?
I'm not opening longs here, not with that doji candlestick on the daily time frame. Gold will probably fall back to 1230.
Quoting bouble
Today is Friday or not?
What does it mean? Could you provide explanation?
my charts say it is FRIDAY right now, it excludes far east i.e countries like NZ
Quoting bouble
Today is Friday or not?
Quoting Fadhl
{quote} What does it mean? Could you provide explanation?
Quoting gold-analyst
my charts say it is FRIDAY right now, it excludes far east i.e countries like NZ{quote}
What happen on last Friday?
I think the Euro is going to retrace next week since it closed inside its upper bollinger band and therefore the dollar increase and therefore gold down to its daily lower bollinger band.
The Trend Is Your Friend
Quoting Soyo24
I think the Euro is going to retrace next week since it closed inside its upper bollinger band and therefore the dollar increase and therefore gold down to its daily lower bollinger band.
Ever heard of price riding along the Bollinger Band?

Reversals are not automatic after every touch.
Quoting SunTrader
{quote} Ever heard of price riding along the Bollinger Band? Reversals are not automatic after every touch.
Yes, I am familiar with price riding the bollinger band, however gold has been going sideways for over 2 weeks, with daily doji bar and a lower high on thursday and a down.
The Trend Is Your Friend
so many mixed signals . but this pairs looks so bullish sometimes that it show relects its ambitions to reach 1375-1380. And if it does want to get their, it must in 4-8 weeks.
right now nothing looks certain but by the end of this or the next week things must get more clear as we are approaching end of the first quater for 2016.

this has been best quarter for gold in recent years
Feb 11th wide range bar closing price 1246 is the "line in the sand" for me.
Above bullish / below bearish - on a closing basis.
closing basis on what time frame?
Quoting SunTrader
Feb 11th wide range bar closing price 1246 is the "line in the sand" for me. Above bullish / below bearish - on a closing basis.
Quoting gold-analyst
closing basis on what time frame?{quote}
I thought it would be obvious but daily timeframe.
whats the relevance to that price with todays close?
Quoting SunTrader
{quote} I thought it would be obvious but daily timeframe.
Quoting gold-analyst
whats the relevance to that price with todays close? {quote}
Again seems pretty obvious to me (BTW that daily candle 4 bars back is a data glitch, should show as wide range up bar):
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