for a trading position this is still a short for me untill proven otherwise ... let's see how the week goes ...

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

consolidatoin in an uptrend, you won't get this if you don't use indicators and don't go below the daily tf ...

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

I am short at this moment too, but the market is trickier than just the daily tf ... in silver you can see a weekly engulfer up .... so I think you will get a buy signal on the sub daily timeframes to give us another engulfer up ... there is a bit ...

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

I have to add I very bearish on US stocks and Tbond so that helps to clear things up .... but it's not yet a buy ... waiting for a signal ...

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

yes, this is consolidation in an uptrend ...

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

my target for today in gold is 1328 and in silver 18.90 ... not sure if we get there though ...

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

trading is about being flexible .... we'll get that bull flag eventually but not this time ...

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

yes, I was just looking again more closely at my longer term charts, this seems in accordance with my point of view: silver to around 18 or lower and gold somewhere below 1290 USD.

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

the 6H chart both in gold and silver not looking too happy ....

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

my target for silver is 19.43

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

shorted silve 19.84

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

image

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

we have a bullish flag in both gold and silver that's about to break out to the upside and that could really take us way up: silver +10% gold +4%. I wouldn't be shorting this here, not even for a scalp.

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

long silver @ 19.897 this should move up again in precious metals ...

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

I reversed my long from 1334 @ 1347.5 ... this is not looking good ... key-reversal on the 6H chart with stochastics overbought ... we are going back to visit 1305, maybe in the best case 1324 usd ... and there it could make a proper bottom EDIT: ...

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

we have a bull-flag on the daily with a measured target around 1416 USD, but I won't sell before we get above the weekly last stochastics level with my main position. image I will start trading around again if we get above the red line on the ...

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

no I am really trading, long from 1334 and adding on the way up ....I totally mininterpreted my charts here before :-( but I learned something from the experience ... we are going to 1416 at least ... I took my share of losses over the last two days ...

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

I learned that I need to incorporate 4H and daily charts for trend direction in my indicators. I learned that my signals are either on 15M or 30M.

What Would You Do Differently Today for Better Trading Results?

got out, and reversed to long now ...

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

I wouldn't be surprised if we saw a daily fackey on gold .... I wil keep on adding to my short to the downside ...

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