Resistance held. S&P futures has a megaphone (broadening formation)... if the pattern follows through, it should result in a sizeable retracement - if this occurs, it will be the 3rd engulfing bear candle in the "Falling Three" sequence (see earlier ...

XAU/USD Spot Gold

The risk with shorting AU at this point is still significant... there is much potential for market to load up ahead of NFP (short cover for the Euro, but also hedging against a positive NFP number and further bullish traffic).... if market believes ...

AUD/USD

Wait for it to test. Look at the stoch on the cross... it is very bearish still (meaning AU may have more legs north). Higher time frames ALWAYS rule the day in fx. If you want certainty then wait for a thorough test and watch the 30M btw, the 5M is ...

AUD/USD

It is sometimes wisest to wait to sell AU until you see a bullish engulfing candle on the EUR/AUD cross, 5M or 15M. If support holds @ 1.3350 (which it may not, might re-test the trend line when the pressure is on later today), and you see evidence ...

AUD/USD

Resistance likely soon.

XAU/USD Spot Gold

With ECB coming up later, and if EU looks wobbly, London may just buy it up - given that market is currently taking money out of gold to park in other asset classes (proviso we continue heading north), if EU looks weak, then gold will likely be ...

XAU/USD Spot Gold

Yes, trend line support, watching it like a hawk here.

XAU/USD Spot Gold

The market is in fact, very precise. News gets factored in, and then the underlying trend resumes. News does not drive the direction. But, if traders do not know the rules, or understand the importance of timing in the global trading sessions ...

AUD/USD

Notice what market is doing with GU. They just can't wait another minute. The slightest wiff that market is going long, and cable is off and running. Forcing the agenda. UJ should choke around 81.70. Then AU goes up and so too probably does the ...

AUD/USD

So, why isn't AU flying to the moon on that news? Take a look at UJ. The US is still in session, while the US traders are still clinging to a dollar recovery on UJ, the majors are unlikely to move. So, we wait for the US to go to bed, Asia takes ...

AUD/USD

FXCM's 100% of open positions being short is likely because they are all looking at the potential head and shoulders, thinking AU is about to put in a right shoulder. Have a hunch they will be slaughtered. When the hedge funds are long, it really ...

AUD/USD

The risk to gold at present, is that it could be dumped as money moves into other asset classes (proviso market continues hiking north). On the contrarian side, it could spike north over concerns about the fate of the USD if UCHF breaks the double ...

XAU/USD Spot Gold

This is what the problem is for any further north . ... weekly 21 ema (light pink) sitting on its head and a hammer candle last week. Doesn't make it mission impossible but certainly impedes any further bullish activity. And, rather think this ...

XAU/USD Spot Gold

Have we topped here? Gold chart with TL re-jigged to pick up the recent highs. Everything is at major resistance, EU 1.3780, GU 1.6140 (hit a long term trendline), AU 1.0080 (if this one follows through, this should form a nice set of wicks on the ...

XAU/USD Spot Gold

If it doesn't hold on this fib, it won't hold as a long at all. Tight stop.

XAU/USD Spot Gold

Entry target hit. I'm in. Long @ 1325.742 on Oanda (in between their platform crashing for the umpteenth time in the last hour), 1324.55 on MT4 Good luck to us all today.

XAU/USD Spot Gold

Waiting on the retrace to reach 1324.55 or so (61.8 fib of the bull candle)...presently on the 50 fib. US session will decide it's fate. Dead cat might bounce today. Cable isn't wasting any time, and the ema compression on AU is looking ok for more ...

XAU/USD Spot Gold

Wondering if AU will head-fake on the triangle, gold kiss the 38.2 fib and trendline first. China has public holidays Tue, Wed and Thu, Chinese New Year. btw, it's really great to see some very knowledgeable and experienced traders posting here, ...

XAU/USD Spot Gold

Hi intery, here is the chart and commentary I posted before the event, identifying the potential bounce. You only had to scroll one page back in this thread to see it. url An apology please.

XAU/USD Spot Gold

Do you know what was so fascinating about the EU down traffic on Friday? It was that UCHF did not respond in kind as it should have, i.e. if market thinks the USD is a safe haven, it should have bought UCHF, but it didn't. This disparity did not ...

XAU/USD Spot Gold