Yes, it was moderately Hawkish and towards mixed, for every statement of good job market, he was telling about the risk and incoming data dependent future action.

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

Same story again, Action by FOMC is dovish = reduced interest rates by 0.25 points . And the statement was mixed and toward hawkish - state strong consumer confidence, strong labour market but there are risks ahead. The effect= initially gold down ...

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

Its not only the rate cut matters. When Fed changes the rate the main important thing is to understand why it did so. There are two important things- Fed's economic outlook and future rate projection. As it is widely accepted in macro-economy that ...

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

Thats the reason I was not comfortable with the shorts at least this year. there are lots of things going on which is clearly a worry for FOMC. High chances they will turn dovish which will overshadow the US CHINA trade deal optimism.

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

I have just completed shorts from 1507 to 1496. Now waiting for clarity from FOMC to place positions.

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

Looks like the US CHINA trade news has affected the PA. Its been heavily rejected at around 1520. showing a big shadow candles at H4. I think, till FOMC rate cut drumbeat starts, its worth selling highs with TP 1495.

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

If taken after london open, it was indeed good entry. Best luck, try to make it to BE asap.

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

an update. To be very precise, if broken above 1508.6 preferably US close. Next target is 1515-1522-1534.

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

an Update, the dovish statement from Draghi and UK election drum beat has shot the gold upwards. I guess it will be sides ways between 1505 to 1516 till FOMC rate decision.

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

Hi team , after weeks gap got time to sit and do some analysis for rest of the month. Gold is sideways since last two-three weeks. I am not convinced on long entry last week and may be this week. Here are the details of the outlook. -US CHINA trade ...

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

Me too had a short just before closing of markets. Let's see gap will turnout.

Cable Update (GBPUSD)

fair enough!! I am placing the positions purely base on probabilities of down gap on Sunday evening. Taking a calculated chance.

Cable Update (GBPUSD)

Since the day BREXTI happened, I am observing the political behaviour on the issue. Its has now become issue of survival for political parties that national good. I feel changes of deal not passing is 90%. I am placing the shorts just 1 min before ...

Cable Update (GBPUSD)

The wedge is about to break below. Seems its convincing that the deal is not going to pass in the House of commons.

Cable Update (GBPUSD)

You are on the track on being great trader. Just make sure there is a lesson written on every £ you have lost.

Cable Update (GBPUSD)

Though its very risk to trade. We can see the rising wedge and a MACD divergence at H4 level.

Cable Update (GBPUSD)

Morning Guys, I will suggest everyone to hold on for rest of the week. The fundamental and technical are not in sink with. Possibility of miss calculation is high . Make sure you place a proper SL and dont keep any positions open over the weekend!! ...

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