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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

Quoting Mcbeaners
bear trap yesterday and overnight. since the news sellers are in control. could go higher but should be near the end of this move.
disregard this - i was looking at cfd market.
In tea leaves we trust!
shorts getting roasted again today. ath coming.
In tea leaves we trust!
until this rising wedge is sorted i'm on the side lines. i'll happy short a new ath. otherwise confirmation will be required.
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In tea leaves we trust!
XAUUSD price action on the daily time frame is sideways at the upper part of a rising channel (blue) traceable to the weekly time frame. Recent price action has also produced a rising trendline (red), which may be a target of any bearish rotation.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
my first instinct is the first move is a head fake. we'll see if this is breakdown or not just a fake out.
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In tea leaves we trust!
price - looks like a kiss goodbye today.
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In tea leaves we trust!
Any Fibonacci traders ,trading xau usd?
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XAUUSD price action on the daily time frame went sideways after a bullish breach of the rising channel (blue) within which it has been operating. But recent price action has formed a horizontal channel (magenta) spanning 2469.19/2526.08, and we may not see sustainable directional momentum until the channel is significantly breached on a daily closing basis.

I may be wrong. Trade safe and prosper.
KP

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Do your homework, follow the footprints of smart money
Quoting KeenPips
XAUUSD price action on the daily time frame went sideways after a bullish breach of the rising channel (blue) within which it has been operating. But recent price action has formed a horizontal channel (magenta) spanning 2469.19/2526.08, and we may not see sustainable directional momentum until the channel is significantly breached on a daily closing basis. I may be wrong. Trade safe and prosper. KP {image}

I may be wrong, Now what do we do?
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i could expect gold to break out here - might be a false break but break it should.

we'll see.
In tea leaves we trust!
Quoting Mcbeaners
i could expect gold to break out here - might be a false break but break it should. we'll see.
closed my position - 2600 is being held. still think it will go higher. 2650 maybe
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In tea leaves we trust!
Quoting Mcbeaners
{quote} closed my position - 2600 is being held. still think it will go higher. 2650 maybe {image}
clearly wrong about being held. shorts getting roasted no doubt.

will buy a dip if it comes.

(2600 - dec contract not spot)
In tea leaves we trust!
Market should start retracing soon yh?
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  • Last Post: Sep 15, 3:14pm (28 hr ago) Sep 15, 3:14pm (28 hr ago)
XAUUSD price action on the daily time frame is bullish. Last Friday, price action printed a multi-year high at the 2585.90 area, but the bullish momentum is weakening. We cannot rule out a bearish correction before the end of this week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
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