Silver retraced last Friday on mostly some USD strength. The recent strength may continue. This looks like a good time to enter long.

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

Palladium is looking like a good shorting opportunity. I took a small position with a fairly tight stop. Here's how it's looking on an hourly and daily, respectively. image image

Palladium trading

Congrats again Metallurgy! Count me in this week! Acct: 3964 Trade Explorer: url

Metal Competition Zone (Demo)

I didn't see this posted anywhere so I'm getting this up here to show the shift in probabilities for the July 31st meeting. 22.5% still seems a little high. It'll be interesting to see where this goes next week during the Fed's blackout period. All ...

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

The story might sound like I'm bragging but as any trader out there who has been in the same situation knows, I got nervous, and after the trade I felt pretty lucky. It was all based on the Fed rate expectations imbalance. I was certain sentiment ...

High Impact Events Trading... Gold & Copper

Persistence and perseverance

High Impact Events Trading... Gold & Copper

For reference, this is where we started prior to the US trading session.

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

I'm right there leading the way for blowing up my contest demo account. I found 1000:1 leverage and for the past two weeks I've been out of the contest by Tuesday. It's all in good fun! image Glad to have you ...

Metal Competition Zone (Demo)

Great info, my brother from another mother! We will see a shift in expectations. Bullard is the most dovish voting member. I don't think this is the last time we hear from the Fed about rate guidance today. image

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

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Picture Tennis (metals edition)

The Fed came out and said: New York Fed: Speech Today By President Williams Was Academic And Based On Research; Was Not About Potential Policy Actions At The Upcoming FOMC Meeting The Fed turned to WSJ to get the info out. William's speech was ...

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

Wow. This was a strange time to release this news and it feels like it was done because they needed to issue some guidance before the Fed's blackout period. This is bigger than the moves suggest IMO.

Gold RIGHT NOW

TradeStation. But many of them out there do it. I don't think MT4 does though.

High Impact Events Trading... Gold & Copper

You and me both! Very good point. The data isn't there. Beige book was surprisingly positive this week too. I agree with everything you said. Here's something to consider, remember the Trump-Powell private dinner (no media allowed). That was Feb ...

Gold RIGHT NOW

I'm not sure how expectations are going to change outside of data, and we only have a couple key data points left prior to the meeting. Advance GDP q/q Core PCE Price Index m/m I don't see the data or evidence that supports a 50 basis point rate ...

Gold RIGHT NOW

I agree but don't forget about the blackout periods. You can find it at the St. Louis Fed site: Starting on Saturday, we won't hear from the Fed until after the release. Here's the 2019 schedule: image

Gold RIGHT NOW

You make a good point about staying away from the PC so you don't get trigger happy on temporary volatility. I never try to encourage traders to take risk. Actually, the point of my previews is to help myself and other traders (hopefully) avoid ...

High Impact Events Trading... Gold & Copper

Ask anytime! I'll do my best to answer. Gold and EUR/USD can have a strong correlation. For example when the US dollar is depreciating, especially to the extent it has today, gold and the eur/usd will move up in tandem. A big part of that is that ...

High Impact Events Trading... Gold & Copper