Could be, I see breakout point May 14th, from 2+ days consolidation, exactly @ $28.21:- image

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

Be happy to read what you came across. Otherwise I'll stick with history.

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

Which is even more reason the additional buying, beyond local sources, matter.

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

Don't know where you're getting that from?

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

This might have something to do with recent weakness as well:- (BLOOMBERG) China stops buying gold China’s central bank didn’t buy any gold last month, ending a massive purchasing spree that ran for 18 months and helped push the precious metal to a ...

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

So what is the point of using low margin (I don't BTW) if you exit trade before either stop loss or profit target is hit? Whatever works fine. But a plan is not a plan unless it is followed.

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

I don't see any clear, definable edge based on price action into or out of NFP day - see attached daily chart with NFP days in red boxes:- image Some of the time it reverses trend, other times it continues trend.

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

Of course I know enough to click it to magnify it. No biggie in any case.

S&P500 trading

Because .... it wasn't on previous chart image of course.

S&P500 trading

as shown?

S&P500 trading

Coulda, shoulda woulda.

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

Pullback and continuation is what I believe is likely upcoming.

S&P500 trading

Don't take offense but seems more like you attributing what you are seeing without really knowing. Of course no one can have perfect information, at least not all the time in every situation. Most traders (small AND big money traders) lose. I steer ...

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

And you know this how?

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

By what do you measure accumulation? Using OI? Because CME data shows increasing OI and increasing volume with price dropping = Bearish.

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

Accumulation? If so then not by very savvy traders.

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

Nice clean uncluttered charts.

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

Spot Silver support held for 3 H1 bars, then failed:- image

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

image image

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

Only near term XAUUSD support I see is $2330. and $27.30 for XAGUSD

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