Yeah... I think the 8 ema on the 1hr chart will reach pa buy europe open...perhaps around then we might see a move.

Only Gold!

Brother that depends on your strategy...do you play breakout; if so then you should have strict stops as we are already closs to a resistance area... so it is up to you. Gold can retrace before too maybe to trendline or then to ema.... which can ...

Only Gold!

I am hoping too... 1314-15 seems like holding...so target should be 1320-25 perhaps even a lot more... best of luck!

Only Gold!

yeah I can't trade forex in mt4 as I am not hooked up. i trade with an exchange...where i can only trade gold, oil, silver, wheat, corn and rice; but i mainly trade gold and oil. Even though forex looks tempting...especially these calls that you and ...

Only Gold!

aussie uemployment also fell..aussie should rally againt us...that might be another bullish factor for gold!

Only Gold!

yah..its holding (so don't worry) ...I think its gonna lift off wen th 8 ema on the 1 hr hits the price...

Only Gold!

possibly...lower time frames..more false signals though...Gold seems to be holding the 8 ema on 15 min chart... At some point it will retrace to the 8 ema on he 1 hr chart too.. Lets see what happens...???

Only Gold!

Risk management is everything! there are countless strategies that can be used but without the proper risk management set up they will never work. i think it was Paul Tudor Jones who said something like Always play good defence by protecting your ...

Only Gold!

Yeah...No SL! and 888:1 wow1 that is a recipe for disaster! Thats why they give us so much leverage because that is what makes people lose! You should start working on your risk management (van tharpe's model of r multiples); Otherwise your pattern ...

Only Gold!

I agree! anticipated an outcome can get us attached to the position which can be detrimental to trading... Traders must be flexible and not totally biased! I tend to do this too; just like yesterday (it was an obvious short on the double top) but I ...

Only Gold!

Oh bummer! You took the Euro! :s Well there is always next time! Current price action do you think this has legs to go to 1330 in one go...I'm guessing the 4 hr candles (maybe one or 2 more) can take it there in one stretch...??? but the daily 20 ...

Only Gold!

Oh wow! looks like gold is ambitious today!!! reevaluate 1320??

Only Gold!

Agreed! The double top yesterday was a good call...I could have easily taken advantage off that...:S

Only Gold!

possibly but do watch out for the hidden divergence on the 4hr chart....? Cheers image

Only Gold!

Nitsan brother...there is no point trying to explain yourself! Those who know your credibility know it already please stop trying to justify it!

About the course

very true... I think this could be further confirmation for the upside! image

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

My tanks are loaded :0 dunno about the rest...hope we don't gap down on asia open because that will be bad! but you are right uptrend is in place....it should hold! i dunno if this was obvious...we were really headed south today. Take a look at this ...

Only Gold!

Very Wise...bee guilty of this a lot! I'm wondering how asia open will take this situation... Continue rally or retracement???

Only Gold!

LOL... Yeah its kind of ironic.how a few days ago we were debating about finding reasons for gold to rally...! It is still premature to say this though! have to see what happens tommorow... I didn't understand your bread and butter part...what were ...

Only Gold!

Yeah... I think the 400sma on the 1hr is actually showing resistance... Hopefully it will break through. I think this just might be a paradigm shift from the bearish view of hitting 1260; to now 1330 maybe even 1350... I think we need really good ...

Only Gold!