Yes, it is bad so XAU should go up, especially after all the selling...

Gold

buyers are waiting on the sideline and could step in anytime after news as the price of Gold gets more and more attractive. Glad it dropped, hit my TP at 1951, and activated sell stop @ 1947 and hit TP @ 1942, now to see if 1940 holds, otherwise we ...

Gold

Hi Lucas. DXY just broke through 104... Id this persists we can expect a drop, just also depends on news and what treasuries depict.

Gold

1st short TP reached @ 1962 relieved! Next entry at 1956.7, TP 1954, let's see if it goes there.

Gold

I am relieved, and hope so, it's dancing on my short entry price LOL

Gold

sorry but where is the 200 day MA? I'm aware of the one down at about 1890-1887, but that us the 200 day EMA. Looks like bears are stepping again, at least to test 1969

Gold

Hi! I'll SL at 1985 if it doesn't go down again. Looks like up so far, but 1984 is holding!

Gold

Thank you! I'll be setting TP's for BE, just in case liquidity grab is the only move down before up to 2000!

Gold

Interesting point, never a dull moment in the fx world!

Gold

Not much, but I have a short at 1965, 1960 and 1955 (LOL, crazy I know, was hoping it would drop yesterday after NY open!), so I am holding out to see what the news will do! I'll take out my sells @ BE if it gets there, I just want to be out before ...

Gold

Hi Parveen, I appreciate your insight, and reassurance! I hope you are having a good trading day so far? I am also sure it could drop again, it is still set up for a bearish bias short term, I can afford the ranging, will buy if establishes above ...

Gold

Haha, thanks for the clarity! I'm now watching from the sidelines. I hope you trade safely today

Gold

I am feeling you at this point. Imagine my frustration, Gold goes up just as I post it may drop through 1970. Did I jinx it? I'm not superstitious, lol, but Gold can be deviously deceptive. Let's hope the Yellen speech and Powell speech is hawkish ...

Gold

I am believing this too, as Gold looks to drop below 1970, let's hope 1968-69 doesn't hold! C'mon Gold!

Gold

Thank you for the assurance, Aahmad, and @inthebox I am glad I am not alone in judgement. Something tells me the debt ceiling issue will be resolved and Dollar will benefit. It still has to test 103.6 anyways, maybe that will be tomorrow.

Gold

What is your bias thus far?

Gold

I am, for the sake of shorts I left in when I should've taken them out, and I had a feeling I shouldn't have put them in, because to be honest I want Gold to go up eventually for my Longs above 2000.

Gold

Same here Aahmad, I hope we are right

Gold

Same here. I have a trade open @1954, thinking it would earlier hit 1951, but alas... I am positive it will at least go and touch 1950 area again, but continuing downwards or shooting up.

Gold

I'd rather be careful with shorting. I'll short 1957 - 1952 and after that see if it drops to below 1949, otherwise I'm out, just in case the world decides that Gold is a good price and even shinier.

Gold