looking at 1. EU crashing down with Italy and Spain news 2. Crude rolling down 3. Gold nearing the 1550 barrier 4. Short covering last week 5. FOMC and double Bernanke's speech this wednesday till friday could see a lot of fireworks.

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

1. gold price follow oil's movement most of the time. 2. becareful of margin hike for oil 3. any target recommendations for oil from Goldman Sachs usually is meant to screw traders like us. Go opposite when Goldman Sachs gives a high target. This ...

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

FOMC & Bernanke speech on wednesday.

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

all the gain is within 3days. if it survives a $25 hammering within a day, then i'll consider that as a dip. rocket up movement is usually temporary. See back march to april's move. Always move up like climbing a ladder, which is healthy buying. ...

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

using 8,3,5 here. gold is currently at a low season at the moment. It might rally and always bounce around, but eventually it will roll down to the weekly trendline. see how it goes on thursday and friday

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

LOL, it's still bouncing at EMA 100, just at 1480. this end of week would be interesting. 4 hour stochastic is over 75 already. be very careful if you wanna long

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

H4 stochastic nearing overbought region. EU looks like it might head south. becareful on NFP (thursday/friday) GOLD is slightly bouncing at EMA 100 at the moment. It might look like it want to shoot up again, the trap is there

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

the COT is showing some buying and short covering. However it's not safe to buy yet. however i do notice that all the leg up will happen about the end of month, where you'll see extreme hammering ($40) down bar. After that, it's all the way up ...

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

the place where bouncing should happen is around 1475. i'll buy tiny lots for scalping there.....other than that the bounce wont be much. Risk to reward not good

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

from the current price action, it seemed like 1420 isnt far....see where the floor will form, then minus $20 from the floor, that should be the lowest it can go.

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

here comes the BEAR !!!! if monday is a trading day, then you'll see a lot of fireworks !

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

markets are still open on monday right ? then monday should be very exciting. thin volume = prone to hammering !

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

timberrrrrr

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

next time if you see any good trades please inform us, sometimes tend to miss out. euro seemed to be stuck at the moment.

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

no decisive movement from Euro yet....all going sideway...boring

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

no doubt the COT as well as the OI figures cant be "reliable enough" to predict the price. but i've seen many times when the COT futures data has a stronger bias on 1 side, you'll see the reaction on the previous price action. It is still a lagging ...

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

Bemac, do you have solid idea on which (futures, options, OI) is more influential to the spot price ? i've cross checked a lot of the trading sites. from my understanding it is like this 1. OI might be high because there are buyers waiting for ...

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

OI should be quite important also, but is the spot price determined by OI or determined by the number of LONG or SHORT in the FUTURES ?? During the May 1 35% correction in silver, i was in position also, OI was relatively high also. But you have to ...

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

please go to weekly chart, the trendline that supports all the dip all the way from January has already broken. COT data showing so much short position added QE3 has not been announced yet 6 failed retest of 1550 levels my 'prediction' is that it ...

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

so boring, no strong movement yet. be very cautious if you wanna long, H4 stochastic at the top already

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