1576-78 is fib61.8 of last drop from 1591-92. If it is cleared today then we may have 1582-84 touching trend line on daily chart before any further drop.

4 + 1 (Metals) strategy

You mean there is less chance to cross 1578? I think price may touch 1582-84 before resuming bears

4 + 1 (Metals) strategy

There is long term trend line support along with h4 sma200 @1559 I'll close half of my short there and leave half with zero SL.

4 + 1 (Metals) strategy

May it be

4 + 1 (Metals) strategy

It bounced off the same area. I couldn't close my short @1562 Let's see where current hourly candle gets closed..

4 + 1 (Metals) strategy

I am currently having short position but looking h1 200sma to keep it or not. H4 is printing inverse hns around 1560-63 if it holds as right shoulder.

4 + 1 (Metals) strategy

I am expecting price to reach 1556 sma200 on h4 confluences with trend line and daily buy zone.

4 + 1 (Metals) strategy

PA stands for Price Action

4 + 1 (Metals) strategy

agreed bud.. dip range has become low but watching PA's aggressiveness lets see if it gets there. it may dip sharply and then reflect back.

4 + 1 (Metals) strategy

There is an inverse hns on m15 which can take it to high directly without pulling back. I m looking for 1585.

4 + 1 (Metals) strategy

Finally it is going to break one side. Wait for closure and be aware of rejection

4 + 1 (Metals) strategy

HnS on h1 too

4 + 1 (Metals) strategy

very indecisive day.. for me, h1 close above 1570 is buy or close below 1560 is sell. a fight between sma50 and sma200 on h1 chart

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

very indecisive day.. for me, h1 close above 1570 is buy or close below 1560 is sell. a fight between sma50 and sma200 on h1 chart

4 + 1 (Metals) strategy

Trend line

4 + 1 (Metals) strategy

Last day candle close is indecision. key areas to define direction is same as mentioned earlier. Trump's impeachment expected decision and good job results didn't affect the price. NFP is scheduled tomorrow so looking all these fundamentals and ...

4 + 1 (Metals) strategy

1563-68 has become key for further bears. Downside 1544-46 can play strong support for bulls. Watch out price action to response accordingly. Final acquittal decision of Trump is also scheduled today which is likely in favor of Trump.

4 + 1 (Metals) strategy

it seems going to challenge 1560

4 + 1 (Metals) strategy

It may be going back to 1587-88 to fall again. If we find resistance there it will draw HnS on h1 chart

4 + 1 (Metals) strategy

Monthly pivot is also @1572

4 + 1 (Metals) strategy