I just shorted 1332.12 ... everything is showing overbought for me ... this should be the one I was hoping for but too impatient yesterday ... but I learned some new skills: incorporating weekly stochastics into my daytrading :-)

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

yes, looks like I am wrong here with my analysis ... at least for now ... I joined longs @ 1327.20 ...it's been a while since I so messed up ...

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

short 1326, with a stop at 1327.20

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

yeah, not quite my day here ... tried some new stuff that didn't work, better take that break and refocus later ...

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

out be, and long @ 1327 ... if this doesn't work taking a break here

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

nope, short 1326.10

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

this should go up for the next two hours at least.

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

lesson to self: no daytrading during Asia session, back to long @ 1324.75 USD

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

starting to think with USA bank holiday we are going to have an inside day here, seems very likely ...

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

yes, you did better than me Becel with a nice entry indeed ... for some reason tried to outsmart my plan ... but that probably won't matter too much in the bigger scheme of things ... once again the lesson for me seems to be that I should focus on ...

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

this broke the 4H inside bar to the downside

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

reversed to short @ 1323 :-(

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

at this moment I am long 1323.70 ... my reversal is the one I am waiting for and should be the big one in my eyes ...

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

no, not yet, it's going above 1326 first .... then I'll get my short ....

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

what you call a doji, isn't one in my book ... let's see, going to try to finetune me entry here ...

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

this is to me the longer term sell signal in gold ... what we saw on friday is the bull trap ... image I should know early if I am right on this one or not ... we should engulf the last daily bar to the downside on monday according to the plan ... ...

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

yeah, I changed my mind too, going to sell at 1326.20, this seems a good point, I am very bearish ...

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

I am long at this moment, targeting 1332 for a reversal trade ... that 30M divergence is what got us this boost up ... now it's looking for 4H sma100

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

short 1325.75 here

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

not a buyer of anything today, looks like we are going to have a big range down after all ...

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