It carries a lot of risk. A lot of traders lose money attempting to trade the data events. I understand where you'd say it's somewhat on the 'gambling side.' In fact, nobody can ever be certain of the outcome prior to any release. All we can do is ...

High Impact Events Trading... Gold & Copper

That is absolutely unbelievable. Since you posted that it's even gotten more in favor of the 50 basis point cut at 64.8%. I'm shocked and still don't see the case for it. I predict next week we will regress to the mean. Things will normalize. Moves ...

Gold RIGHT NOW

Let me know if you have any other questions in the meantime. Good luck!

High Impact Events Trading... Gold & Copper

I got this from a Bloomberg article not too long ago. It's useful when Fed members are speaking.

Gold RIGHT NOW

Agreed. He's a voting member too. Williams has historically been somewhat of a centrist, but slightly hawkish. That could be adding some extra fuel here. Very surprising statements from him.

Gold RIGHT NOW

Gold is in rally mode and looks primed to make new highs. Here's the daily chart with the red line at previous highs earlier this month.

Gold RIGHT NOW

When did you go long the AUD/USD? In terms of what you should be looking at, there's a lot of different things. Most importantly, I believe it's about assessing the risk associated with the event. With enough practice you will begin to understand ...

High Impact Events Trading... Gold & Copper

I hear you. I've been sitting out and will continue to have to watch these markets until I see some clarity around the July 31st rate meeting. So far, I think the market is very skewed (or screwed ) towards a ...

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

I actually did alright trading Gold/EUR. It was the Gold/USD that blew up my demo. I didn't have any live positions in gold or any metals and don't plan to this week. I'm long the USD up until the FOMC rate expectations change. I see upside ...

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)

Right now gold looks like a decent buying opportunity. Although it just retraced from earlier highs, the ~1421 support level held up nicely. If that support holds I think we could see gold rally overnight. Support held up nicely. 15M chart: image ...

Gold RIGHT NOW

I closed out my Palladium shorts early to take some profit off the table. Now, I'm going long based on a few factors. My target is around 1560 and stops in place tight. My Scanner set up is showing the trend on the 1hr, 2hrs, 4hr, 6hrs, 12hrs, ...

Palladium trading

What a day for gold. Luckily I had car problems and was away from the PC. The spread on the Gold/EUR is tough. I just went long. I'm thinking it's going to breakout and hit some new highs.

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)

We've got some data due out in the next hour. Not projected to be a big market mover, but it never hurts to be prepared. I showed recent impact this data has had on gold, copper, and added the AUD/USD to this preview. Be careful out there! ...

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

Australian Employment Data - July Preview Employment Change Unemployment Rate Notes: The range of estimates for the employment change is from -10K to 24K. Although most forecasts fall between 0K and 20K. There isn't a general consensus, as forecasts ...

High Impact Events Trading... Gold & Copper

image

Picture Tennis (metals edition)

Taking another look at Palladium, I'm feeling more confident in my position. In fact, I just added to my position. Just to reiterate from my previous post, I generally avoid taking positions against a strong long term trend. Using Scanner on the ...

Palladium trading

Got stopped out but re-entered short here at 1253.6. Tight stop at 1255.5 and I'll let it run to about 1251.5. Make back some of those losses earlier.

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)

Smart idea with the tight stop. I see a break above 1408 as possibly bullish. If it fails to break out here, I'm joining you with a small short position. Liquidity is thin until Asia gets on.

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