Why does gold/usd have the symbol: XAU/USD? 14 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
DislikedNP.. One of those sym triangles is a setup from before 1217.
If you look at it i think it was around 1015/50 to 1217 before that dip.
Its all here bro.
Likewise play shorts safely. Many in here have tried shorting Gold because they expect it to act like a currency and have gotten crushed. It is still a commodity and the chart does not behave the same way.
THe time to worry about profit taking is later in the month / year / quarter.....Ignored
Disliked1427.68 area is noted and watching how 1423.76 responds.
watching how 30.08 responds in silver.
On the north side the response of 1442.86 and 30.60 is of extra interest.Ignored
DislikedComex gold futures are under some profit-taking pressure Tuesday morning after notching a fresh all-time record high of $1,432.50 an ounce, basis February futures, in earlier trading. February gold last traded down $3.20 at $1,412.90. The U.S. dollar index has rebounded from its daily low and crude oil futures prices have backed off their daily highs, which is adding some downside price pressure to the precious metals markets.Ignored
DislikedNo reason for USD to rise that I can see though. So..Ignored
Dislikedtues. area of extra interest
30.56-76 and watching how 30.08 responds, 29.83 yesterdays breakout.
1411.31 response, 1404.56 also.Ignored
Dislikedthis is what im looking at for tue. gold
DislikedIt won't fall $60 on correction.
Maybe on news. Yet there is no news supporting this other than the market making a new high.