I can't read it. USDollar seems to be bearish, and as I said before, lately, when Bernanke speaks gold raises, but I just can't read it.

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

Won't trade until Bernanke's speech. One of my possible scenarios. H1

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

lilpip, I really need a hand. I still don't understand clearly your approach (reading 3 bars for direction) Can you give me a link for a detailed way to apply your method for direction? Sometimes i'm slow. This is one of them. It's like I need a ...

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

Price keeps reacting at classic pivot points and previous trendlines. (I draw them right to left even in H4 charts) New lower high, but 1714, which is supposed to be a neckline in a H&S pattern just doesn't give up yet. So, no new lower low... ...

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

Closed half position @ 1726, moved SL to 1733,50. Target still 1716. Lets see what happens with 1723-24 zone.

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

I've noticed that too. Let's see how price reacts

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

I agree!

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

Finally my short is open. However i'm afraid that price could see 1740-1742 before going down, after breaking that triangle in green lines.

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

I totally agree with that. I can't see the H&S. What is supposed to be the right shoulder looks like a flat thing which I don't know how to name it. But his call that a close bellow 1714 may boost a bearish sentiment makes sense when you see that ...

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

http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2012/02/15/Oil_at_Risk_on_Euro_Zone_GDP_Drop_Gold_Eyes_Fed_Minutes_for_QE3_Clues.html I don't see it. I don't have that eye. This analysis belongs to Ilya ...

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

I've found this analysis interesting: At least they are calling for a bottom @ 1650 and a ranging market for this months with a resistance @ 1900s. bw, he thinks that is if price closes below 1714 there will be a H&S in daily charts, so he calls for ...

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

I just found another dailyfx's link. Shows alternative scenarios. http://www.dailyfx.com/forex/fundamental/article/special_report/2012/02/13/Is_the_Eurozone_Debt_Crisis_Good_or_Bad_for_Gold_Prices.html

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

Hints? http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2012/02/15/Oil_at_Risk_on_Euro_Zone_GDP_Drop_Gold_Eyes_Fed_Minutes_for_QE3_Clues.html

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

Hi grashid. First time I write in your thread. I found it recently, and as I read you are about to take some days, I didn't want to bother you. I think we need to know different styles. I don't think that reading both threads, yours and XTrade's is ...

Grashid- Gold Analysis

I put it all together in this H4 chart. The triangle is in blue. As we are ranging, I used recent tops and bottoms. Better in m30. In m30 it is easier to see.

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

Ok, now we are moving. Order still in place. Triangle faked a break downwards and now going north. Descending channel is broken. Still 1733 need to be broken so i can get filled.

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

I see a triangle pointing to 1716,50.

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

Since sunday i have a pending entry order (sell) @ 1736 SL @ 1741 TP @ 1716. I think i'll remove it. I was some 3$ move to get triggered. 1733 seems to be now a pivot point. At least, it became a resistance. In my charts there is no recent visit to ...

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

I'm sorry to hear that. Get well soon.

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

Hi lilpip. I've been trying to understand, but it is still a puzzle for me. Can you give me a link for a detailed way to apply your system for direction? Thanks in advance.

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