mondaýs sell off didn't create the setup i was thinking was at play. so a rally to 2400 (should pip the prev high at 2403 on sunday night) and setup double top of sorts. i'll be short high above 2403 ish.

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

looks like da boyz will allow gold to rally into monday (doubt it will go past that) and with non-farm next week should drive it right down. wishful thinking? maybe.

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

from d1 i'm seeing a topping formation ibuilding - in it's last move imo. i'm still long and would like to see a high over yesterday's high. a great shorting opp from that point. weekly chart topping formation is still valid.

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

gold - 1h bottoms in imo. i'm long here.

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

gold - was right about forming a bottom but wrong about how it would actually bottom out. took some losses. es - right so far - now it needs to reverse and power up to old highs. fingers crossed.

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

i see the same setup for ES (fresh lows and then up). dollar also looks bid.

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

reckon gold is forming a bottom here (1h and lower)- but i'm short looking for fresh lows to shake out longs. nice h&s formation on 5m. then i'll be looking for a longs ideally below monday's low.

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

lol- nm cad news not usd news.

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

gold - looking for a long retrace here - weekly traders will be closing thier position (i hope). will look to get in around the news in about an hour. still think the top is in for gold.

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

copper took at pasting last 12 hours or so but down since friday.

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

so i guess it's not happening. lol fixed my charting issue. lots of money moving into dxy long. since monday.

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

i have a support query with sierra charts - daily under, weekly over on GC. but to be clear i would expect it to make new highs as mention earlier. is it a blow off top? we'll see.

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

i'll add that i think ES is also in the process of topping out. meanwhile i note the dollar has formed a structural bottom on 1h chart

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

futures hasn't broken to new highs - market divergence depends on your timelines. i still think it is topping out. just needs more time.

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

gold could really drop here now that it took out the shorts 30min ago.

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

looks like spot did indeed break out and drop. futures never made it that high. i've got a little short on now.

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

gold looks like it's in toping formation to me, should break to ath then drop. edit - from d1 imo.

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

dollar did drop but gold didn't pop. for the news in 10min dollar continue down and copper and ES up big imo. the rest meh.

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

for the news coming in 8min dollar setup appears bearish overnight and gold looks bought. silver and copper ... meh.

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

tried to short gold on decent setups but both failed. so i assume it is now trying to top last weeks high

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