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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

2598.91 Monday
i didnt see a perfect trend line like this for a while that shows the power of bulls on gold
everyone see potential downward targets but no one knows how high we can go
so much liquidity waiting to catch on this trendline
2585 is interesting for me
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XAUUSD price action on the daily time frame is in a rising channel (red). Presently, price action is at the upper trendline of the channel. We may still see further northward move, or sideways of price action, before a southward drive.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
taken a short on gold- looks like it will make run to lower levels. (as posted above)
In tea leaves we trust!
Quoting Mr.RedArt
i didnt see a perfect trend line like this for a while that shows the power of bulls on gold everyone see potential downward targets but no one knows how high we can go so much liquidity waiting to catch on this trendline 2585 is interesting for me {image}
Hi Red, may I ask what you see at 2585 that is of interest, thanks?
Quoting Mcbeaners
taken a short on gold- looks like it will make run to lower levels. (as posted above)
well that didn't work out. gold appears to be working off the 4h chart. potential bearish setup is in. i'll try again. short.
In tea leaves we trust!
Quoting Mcbeaners
{quote} well that didn't work out. gold appears to be working off the 4h chart. potential bearish setup is in. i'll try again. short.
looks like da boys are messing with the bears here. somewhat convinced the top is in (in around here). only need to wash out the bears before dropping imo.
In tea leaves we trust!
XAUUSD price action on the daily time frame went sideways after a bullish drive to the upper trendline of a rising channel (red). Last week Friday, price action printed a bearish candlestick which closed below the opening of the bullish candlestick printed on Thursday. Technically, this supports further southward move at least on a short-term basis.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
This week is very important for gold due to NFP.
The last few times NFP would bottom out XAUUSD and then it would rip to new ATHs.

I am curious to know what you guys think the NFP report bring this time?

I think gold will bottom soon this week or on the Monday of next week and then go for new ATH.
Quoting KeenPips
XAUUSD price action on the daily time frame went sideways after a bullish drive to the upper trendline of a rising channel (red). Last week Friday, price action printed a bearish candlestick which closed below the opening of the bullish candlestick printed on Thursday. Technically, this supports further southward move at least on a short-term basis. I may be wrong. Trade safe and prosper. KP {image}
What about Silver ?
I don't trade or track silver.

KP

Quoting AlxT
{quote} What about Silver ?
Do your homework, follow the footprints of smart money
XAUUSD price action on the daily time frame is consolidating at the 2647.60/2685.43 horizontal resistance zone (red). This zone is a multi-year horizontal resistance zone. Technically, we should expect a bearish drive from the zone

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • Post #56,993
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  • Last Post: Oct 8, 10:38am (1 hr 39 min ago) Oct 8, 10:38am (1 hr 39 min ago)
looks like the dollar has finally found it's mojo. now, how far will it retrace here? my guess not much.
In tea leaves we trust!
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