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

If you meant gold - it was an excellent moment!

I'm staying patient for now.

Both Au & Ag. I'm in with reduced lot size.

Are you seeing what I'm seeing on the m1 chart? (nine even red stripes)

Or is it just a funky price feed?

Now, this is getting STRANGE!

The first hour or so on a Monday is often more volatile than (the new) normal, and direction very hard to pick - I try not to trade then unless I am pretty certain of outcome (eg when the US's credit rating was downgraded). So far too unpredictable for me today, hopefully we will find some direction soon.

Weird identical stripes on the M1 chart?

Does not match other brokers' price feed.

At the risk of offending XTrade, I'm glad that certain members have set me on ignore.

I would have no patience for someone who tells me this issue is an effort to blame my broker or is some kind of conspiracy theory.

What worries me is the possibility of missing an excellent trading opportunity.

Obviously some kind of glitch, but sheesh.

My feed doesn't have that, but I still can't work out to attach charts - working on being less of a dinosaur, but not quite there yet!

Same on my feed. My broker (gomarkets) has said:

"Our price feed for gold and silver at the moment in not coming through we are contacting our liquidity providers"

An easy way is to use a program like SnagIt to capture an area of the screen you select.

You can then save the image that results.

Unfortunately it costs money for an unlimited licence.

I'm using a program called Shup on my pc laptop (where I trade), but it is a bit of a hassle as compared with SnagIt.

SnagIt is perhaps the best, and is cheap, so I think it is worthwhile for most users.

BTW - I'm sure you are no dinosaur if you can handle OTC derivative trading in the foreign exchange market.

Cheers

Please excuse so many emails.

Doesn't look like I've missed a breakout or a big move - thankfully.

I always get nervous when price feeds get funky.

Usually means something is up with the LP, or in the actual market itself.

The ladder is the worst because it means I either get frozen out of the market after entering a trade, or can't jump in at an opportune time.

Let's hope I'm right and the problem is fixed without any big movements in the market.

Thanks for that, I will give it a go. And my personal view is that being able to ask qs and hear from people like you at times like this is what keeps me from panicking when dealing with weird feeds and market movements in this otherwise lonely world of forex trading!!

cheers!

I agree, Cath! The ability to ask questions, confirm, and especially get input from seasoned vets is critical.

And I would add that I think positivity and support is much preferable to insulting tone and demeanour, even when people disagree.

I'm not calling anything here, but I am watching gold/silver carefully.

Bizarre price feed behaviour (if only with one broker) combined with an overnight break through 1660 "may" be indicative of foresight about some future market movement at the LP bank level.

Could also be nothing. My experience so far has taught me that price feeds usually behave erratically for a reason, but obviously this could just be a technical glitch.

Not jumping in - a very patient bull cognizant of the possibility of further downside. Will wait and see what London brings and continue to assess/re-assess.

The potential buyout of the LME should be interesting. Look forward to more information there.

No much movement confused a bit to go long or short

Price is low.So buy.You have to buy when bulls are out?
You have to buy when bulls are comming.

the level said on Friday were not so accurate, but the direction and seems ok, still learning play with gold. any comment welcome.

in on buy, at 1643.

hello
dear lilpip plz update pivot for today as u already provided pivots weekly and monthly, ur levels are helpful for me. thx

I'm long as well, paying attention to the 1660/UTL/previous gap area though.

Buy at 1618 from friday.Nice