Dollar strength is waning.
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GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} intersting... care to explain why ? I think I'll hold to 1282 {image}Ignored
Disliked{quote} i thought you were long? (from your post earlier, which you deleted)Ignored
Disliked{quote} its the yens likely that the divergence would be short lived italy in the news this morning, EU equities are a sea of red and traders flooding into safe haven positionsIgnored
Disliked{quote} maybe... hard to say in the short term... technically the major resistance is at 1325 but the price action on this channel upper bound is interesting and worth watching closely... if we break upwards, it could be a $20 move, which would really clear the decks for a push downwards (and blow some stops along the way) M60 {image}Ignored
Disliked{quote} H4 channel appears to be breaking and the H1 channel is in force if this holds, we can test the 1317-1320 region, but first we need to clear the overhead at 1307 (ish) major resistance is at 1325/30 and 1335/40 I am long and short with a bullish bias short term (through tomorrow) interesting that despite the selloff in DXY over the last couple of days, XAUUSD isn't reacting as bullishly as one would expect... this is likely caused by yen support, which may be short lived H1 {image} play safeIgnored
Disliked{quote} Yes, looks like it's breaking the bearish channel on H4 but if you look left at D1 chart the 1305-ish level also looks like broken support, now resistance. Im 51% bearish with short scalp @ 1305 hoping for 1300 (top of the H4 channel)Ignored
Disliked{quote} H4 channel appears to be breaking and the H1 channel is in force if this holds, we can test the 1317-1320 region, but first we need to clear the overhead at 1307 (ish) major resistance is at 1325/30 and 1335/40 I am long and short with a bullish bias short term (through tomorrow) interesting that despite the selloff in DXY over the last couple of days, XAUUSD isn't reacting as bullishly as one would expect... this is likely caused by yen support, which may be short lived H1 {image} play safeIgnored