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

It must be a conspiracy (joking really).

Just bought Euro.

A lot of range. Looks like a good day to scalp currencies.

Everything is a conspiracy!!!

Looking at how AUDUSD, EURUSD and those xxxUSD pairs bounce up is comforting.

Actually currently, if we had deep enough pockets, we can just short USD all the way because hell its where it will go in the end.

speculators vs real buyers...

who will win?

what's the next support for silver?

32.65 then the bottom at 32.15ish, from what i remember from the other day.

But i'm not super technical like these other guys, someone correct me if im off.

my trendline is 32.30..but a lot of people talking at 30...

Oil is not helping the Price of Gold today.

Most commodities down.

There is also talk of some large speculative long positions unwinding in Silver and some in Gold due to the margin hikes.

Flooding in the midwest can hurt corn and wheat futures. etc.

Stocks are in the red

next support

Gold getting a boost now as the dollar seems to be getting dumped.

I hope that is a demo account.

If the triangle breaks there is

strong support at 1438 - 1445 area old resistance.

Lower target would be the 100 sma on H4 which comes in around 1420.

Today seems to be a low risk / risk off day.

Beeb hows the fork looking.?

PA pretty bearish.

sorry - bit busy

LP is untested - currently about 1472....no guarantees in this market lol..

possibly have daily support off sp at similar level

care needed as feel market may be prone to a spike

beeb

unfortunately this is real account..i miss to cut loss the top position.but it is ok because small position only 0.03(1pip=5cent).if silver drop another 10usd i still can survive..more than that i need to pumping more money.

PA is bearish as hell

Do you still think that we are in a retracement in GOLD? 1 month of red already and counting...

It takes a few hours to BLOW UP (RED) what it takes 1 week to build. (GREEN).

People are losing money like crazy. I can't even think how much the silver traders are losing. Crazy.

By now the trend should be quite clear to anyone - even to me

Gold just broke the lower parallel of my old "up" fork and it seems to be following the smooth downtrend in silver. We may see something between 1400 and 1420 by the end of the month. I'm conservative on this assumption.

On my silver H1 fork, which starts from April 25th, the price is "glued" to the upper parallel since almost 3 days. By the end of the month we may see amazing $25! Then it will be time to fill up my tube...