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

Risking long because rejected on trend line + 61.8% on daily. But I fear the H & S, maybe price will drop next week.

XAG should now take a short break and go down to around 1602 then it should rise back again this move is not over yet.If it breaks 1778 it might go up to 1957

Gold It's testing the resistance at 1235 at the moment. Considering the doji candlestick on the daily time frame above the support at 1230 it will break above it eventually, I think. I will open a long position again if it does.

I just went short @ 1235.01 :-)

stopped out -3usd

I believe there´s a short opportunity but we are not there yet. I would like to see the reaction to these levels first.

Agree but Im short @ 1240 dont like to wait

I am short the break of the hourlly inside bar @ 1239.30

got stopped out be for that last one, but reshorted 1235.15: bearflag which was also kinda head and shoulders on the hourly, targetting 1224 USD

moved stop to be

I decided to short too, my target is 1225. If it falls below 1220 I might open more shorts.

I sometimes wonder if others are looking at the same charts as me?

)) why is that? Did you go long?

<p>[quote=SunTrader;8893535]I sometimes wonder if others are looking at the same charts as

Please what pair ? XAUUSD?</p>

Long, short, flat. 3 positions to have.

But to answer your question. I already had a position. One of those three possible ones to have.

The point I was making is a pattern alone should not be good enough to enter a trade.

You can always see H&S's, failed support/resistance, trend line breaks, MA crossovers etc etc. There needs to be more. Any guesses what more?

got out be of my short, missed the clear long on theAttachment 30M but took the fakey on the 30M at resistance 1240.38 usd.
EDIT: I need new glasses: this obviously wasn't a fakey, I got saved by the double inside bar to the downside on the hourly ... pfew ...

closed the last trade for -1 USD, sitting on a short now from 1245.10 USD.

reversed to long @ 1243.81

my gold...for someone here?

Gold is still in a good consolidation and no clear direction yet, well, the direction is sideways for now.