100SMA H4 — Pierced through 100SMA on H4 chart. If price keeps above 1768 for 7 more minutes, the candle will close above the MA.

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

Will do. Cheers.

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

Well, when I said advice I didn't mean that it should be "Yes, correction is over." or "No, it will go deeper.", I expected someone will post facts. It's much easier to enter a position if my charts align and someone else confirms it. And yes, ...

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

Well, that's actually what I didn't manage to do. I was entering too early with very big lot sizes (well, relatively big actually, compared to the risk I was exposing myself to). Impulse trading is a killer. Well, I guess I just paid 500 euros for ...

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

Do you guys believe the correction is over? Thinking about entering now, but I've lost extremely big amount of money today on fake entries, still kind of scared of a retest.

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

Why so?

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

Also a daily S1, but it's probably because of 200EMA as you said.

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

200EMA — I'm just going to say that I think we've either hit the bottom at ~1700 or we're going to dip much, much more. The price was strongly resisted by the 200EMA on H4 chart. Chances are super high that, if a candle closes below it, we've ...

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

I think that you're not complete right, but you have the point. Anyway, I would call this a correction as someone big triggered their TPs at ~1910, which later resulted those who bought at 1890-1900 to close longs, making the price fall further and ...

XAU/USD Spot Gold

The bullish move was also extremely fast, and I think that it's losing the same amount of value in %, it's just that the price was much lower back in 2008.

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

The explanation behind that is quite simple - psychology. They don't know how to stop the gold price, so they are trying to convince you that they actually can. They see a correction occurring so they raise margin hikes - when you look historically ...

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

I didn't say it was fair, just wanted to point out that the part of reaction to the margin increment already took place. By the way, there was a lot of buzz on this thread about the gap generated on 7th of August, claiming it will close soon. Not ...

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

If the margin increment happened before those news, then it was before the market break. The site released the news at 4:53 EDT. EDT is GMT-4, which means it was 20:53 GMT. The market takes break at 21:14 GMT. So, there was at least a 21min gap for ...

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

So you think the gold has had its final run and that this is a start of a major bear trend?

XAU/USD Spot Gold

Going 2k? — No such problems if you have very high leverage, like me (200:1). Tho smaller stops are required then. Anyway, seems that it's gonna penetrate further below 1750 (38.2 fib) as all my indicators are saying it still has powerful bear ...

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

I'm currently in temptation of buying more gold, maybe I should just step away from the computer for my own safety, I don't know. Looks to me that the correction is most likely over. Not sure why it's currently struggling so much to break out of ...

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

Think it's ready for a bounce to somewhere between 1920 and 1935. Seems like it found support on 30SMA on H1 chart. Proved to be strong one, making gold bounce off of it. A bit worried about enormous outbreak on M15 tho.

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

It is indeed written as a system, but I take it as an explanation. Anyway, the theory behind the entry is the following: The green-red line indicator is Traders Dynamic Index. If you haven't seen it yet, here is how it works is that the green line ...

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

I would rather understand it as an explanation of how certain indicators can work in conjunction, but whatever.

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

Heiken Ashi + TDI — You might want to check this thread: url If you haven't already, of course. I was thinking of buying at the same spot, but I've already had open longs.

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