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

Leading diagonal wave a, proceeding wave b

"Cloud In "
Heavy Cloud + Trend Line Test ==> 1240 First Target
Long Target 1200
My Position 1.6620
SL : 1.266.60
TP : 1200
-----------------------

H4
Over==>1254===>1257===>1260===>1263
Below==>1245===>1236

Gold prices rose $2.65 an ounce on Tuesday, moving away from a six-week low struck earlier this week, as a weaker dollar and losses in equity markets boosted the appeal of the precious metal as an alternative investment. The major U.S. stock indexes were lower yesterday, weighed down by declines in the shares of technology companies, while the U.S. dollar index fell after comments from European Central Bank President Mario Draghi lifted the euro. Gold is currently trading at $1253.10, higher than the opening price of $1246.63.
From a chart perspective, there are two things that catch my attention at first glance. First of all, the weekly Ichimoku cloud continues to act as a support. The weekly cloud occupies the area between 1239 and 1216 - plus, we have a medium-term bullish trend line in the same area. These suggest that the downside potential will be limited until XAU/USD breaks down below the 1232/0 zone at least. In order to challenge that support, the bears have to capture the strategic camp in the 1240/39 region.
The second thing to pay attention is that the market is trading within the borders of the 4-hourly cloud and the Tenkan-sen (nine-period moving average, red line) and the Kijun-sen (twenty six-period moving average, green line) are negatively aligned on the daily and the 4-hourly charts. The bulls will need to push prices above the 1260.50-1259 zone if they intend to take the reins and make an assault on the 1264 level.
Source

I taget 1230 ...

Wow. Any direction always hit your target. Hope u win aswrell . Keep it up dude...peace..

thank..u
SL:1255..
Short@1247
TP:1225

oK !!! Thanks all.... I out oder... happy day ... Goood luck to all

i'm out ;(

tp2

Went long 1240.3

SL:1237
tp:1247

Thanks.

1247. Let's see what happens here

If follow Nesta Signal, for short term trade you'll get at least 5 points for each position when up and down between 1236-1255.... Nice share Nesta

Put stop st 1242.9

SL:1241
TP:47-50
selllimit:1250
sL:1254

61.8%==>1249.xx