A little nervous about this Chinese data. It normally doesn't have impact but if it comes in as a surprise, who knows. I don't think it's a reason to close though.

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

I shorted it. Yup. How you doing over there sir?

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

It broke $1500.

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

Gold futures contract is looking like it's going to break some major support right now. A break of the $1500 might send gold lower. We haven't seen these levels since Aug 13th.

Gold RIGHT NOW

Heavy volume coming in with these red candles. $1500 level being eyed. SHFE opens in a little over 10 minutes.

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

WTI is looking strong. The spike in volume is related to buying. Here is volume on the CL CME front month. image From a better view, we can see that the volume has been during price increases since Sept 3rd. It seems like that was a point of ...

WTI Crude Oil Trading

I agree. Gold and the Japanese Yen futures are both trying to move lower. Gold is looking weak. If the $1500 level is breached then lookout below.

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

Great trades! I'm watching for the CME GC front month to break $1500. If it does, then I might join you. There's some strong support right about where it's at right now.

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

Here's a look at the Japanese Yen (purple), Gold (green/red candles) correlation: image

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

Gold prices are continuing lower right now. To put things in perspective, looking at the weekly chart, a correction below $1500 wouldn't seem that out of the question. CG CME weekly chart:

Gold RIGHT NOW

A lot will depend on the data. The recent rise in oil prices have been a welcomed surprise for the Canadian economy. I still think that the Bank of Canada pivots in October. We are likely to see further weakening in price indexes relating to ...

High Impact Events Trading... Gold & Copper

This recent move higher in Natural Gas may be a sign of things to come. Check out this research I posted in the Natural Gas thread: url

Oil and Natural Gas

I went back to 2009 to see what Natural Gas prices did starting in September. 6 times prices increased 3 times prices declined 1 time is stayed in a narrow range throughout winter This move at the beginning of this September might be a sign of ...

Natural gas trading

WTI remains strong. I'm not sure what the top will be. On an hourly chart it doesn't look like it's going to stop: image On a daily chart it looks like $57 is the resistance level it needs to break to continue this rally: image

WTI Crude Oil Trading

CME Gold front month is very close to the $1500 level. I'd be surprised if we broke it but given the drops we've seen likely it's not out of the question. We are testing some support levels made back on Aug 22/23rd. If we do break $1500, we could ...

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

If you need any help joining hit me up. It'll be nice to have another player in here.

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New week new contest! Acct: 5945 Trade Explorer: url

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It did gap up a little but quickly filled it. image

Gold RIGHT NOW

Count me in this week: url Acct: 6639

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I think you won last week.

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