Weekly chart, right? Done. XTrade, i'm reading about speed lines. Thanks. lilpip, thanks, I'll check it. Since friday I was checking swing points before and after 1762.97 SH. I've been taught that trend is shifting when Swing Low that led to HH (or ...

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

A chart with the info. "Forgot" to mention possible descending channel. lol.

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

1734-1739 still a pivot zone in my mind. I'm expecting resistance @1736. SMA(200) H1 or SMA(50) 4H (similar) Test of broken H4 channel R1 daily classic Pivot M3 weekly classic Pivot

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

Little scalping using pivot indi. Sell @ 1.727,85 12/02/2012 18:09 TP 1.720,90 695 12/02/2012 19:43 Price is going up again. And I'll be back tomorrow.

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

Since I have a bearish bias, i've been wondering how can we sense the market to see if 1762,97 is a swing high point and we are now heading south, or if we are just witnesses of a complex pullback. After all, having a plan implies observe market ...

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

lilpip, i don't trade silver. But at first sight i would say the same thing. Although silver didn't create a lower low and seems to have a strong support @ 26. So far it seems to me to be in a sideways market or on its way to print a falling wedge. ...

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

These are my reasons to believe in a bear market right now. 1. Since september, bearish waves are faster than bulllish waves. It is said that speed belongs to impulsive waves, and these are the ones that prints new highs or lows. duh! lol 2. Since ...

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

I know that gold is a bullish market. It is assumed. However, I have to remark something. Each time I see a weekly chart I can't see a bullish market. I see a sideways and slighty bearish market. Since September high, gold is printing lower lows and ...

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

Hi everyone. What are the chances for this?

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

This was FXCM's analysis Pivot: 1748.00 Our Preference: SHORT positions below 1748 with 1724 & 1709 in sight. Alternative scenario: The upside breakout of 1748 will open the way to 1763 & 1775. Comment: as long as 1748 is resistance, look for choppy ...

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

Price seems to be in a triangle with 1734.50-1739.50 acting as pivot zone. 50% retracement of February Hi-Lo is @ 1736.49. If price closes below 1724, the ascending channel seen on H4 charts will be broken. As Bemac and XTrade are expecting prices ...

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

Thanks for the advice XTrade. It really was a crappy use of Andrew's Pitchfork indi. It is supposed to be used connecting Hi-Lo-Hi or Lo-Hi-Lo at the end of a trend. But as i was drawing a channel I was curious and wanted to see if there was some ...

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

Bounce at the bottom of the channel in H4 chart. Now it is testing midline. I still think price could drop a little more before going up, although so far Bernanke's mouth seems to be the worst enemy of USD and best friend of gold.

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

It was a double typo. I meant 1762.90 and 1762.97. Dangerous, eh? Let's Liquidpaper it. Thanks. PD Higher price was 1920.70.

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

There is something that is intriguing me. I've read that an impulsive wave must be faster than a corrective wave. Now, it took 18 days to bring price from 1762.90 to 1522.40 and 25 days to get back to 1762.97. So far, this wave is slower than ...

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

So, Bemac, you don't think price can drop to 1714-16 or even test the 1668-80 zone which was the last resistance that needed to be drilled with a skyrocketing move? What is your expected floor? 1720?

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

1725,92 is also 61.8% level of fib retracement from low at beginning of the channel to today's high. Also near that price is another fib level, form a previous Lo-Hi within the channel. SMA 200 for H1 is @ 1723,69. I was expecting price to raise to ...

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

Oh well, Daily is also printing a bearish engulfing. It seems to me downside move is not over.

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

What about a doji and a close below open in Weekly chart? Is that scenario an open door for a drop? Price has 4 hours below the channel after testing it and looks like heading south while printing a triangle. Sometimes it is sucks being newcomer! ...

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

Channel is broken, what is next?

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