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

Quoting Fx_Anil

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Gold prices seems facing strong resistance near $1308 – 1310 which includes 50% Fibonacci of its Aug. to Dec. 2013 downturn, 50-day SMA and descending trend line. Can we say The yellow metal is signaling $1290 and $1284 again?? {image}

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Quoting thodie

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{quote} TL´s are supposed to be broken, it would be the the 4th test of the resistance so it should be weaker... just my opinion, not saying you are wrong with your thoughts pretty similar to the TL and situation in nov - dec. 2013 3 times testet, one time brocken and retested from above.

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Quoting pips777

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hey dudes + dudettes , 2day freakeee fri. again --- Xpect da Unexpected = ---BTW still short xu my long eu/jpy entries drippin a wee bit red

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Quoting boydegil

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eu/ jpy waiting for time t long so money management u have to handle. Thanks

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Quoting saeedbarzvar

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{image}

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Quoting Mave

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{quote} neckline? H&S forms in an uptrend.

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Quoting saeedbarzvar

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{quote} Yes , it does but Not always , it isn't ideal classice pattern in my chart . it is similar to the bearish H&S On downside wave !!! it is contradiction . we have failed three drive pattern , so in that way and with all condition gold can back to the 1330 area but she needs fix price above 1300 in h4 . and my second Plan : i expect bearish momentum atleast to 1250 if price closed below 1280 -1275 area .

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Quoting Fx_Anil

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Will Gold price continue to trade between 1289 and 1293 for today??? {image}

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Quoting pips777

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{quote} ========= 1284.77 imho

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Quoting arunthegreat

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BUY gold now 1295, first target 1306, tp2 1317 Stop 1288 Happy trading.

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