Welp if this is any precursor to the day, we will likely close @ the open! ~~

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

But all attempts have been rejected so far.

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

Agreed, and to Jay_ - Gold has pulled back a bit. Also as we are discussing here, I would not expect too much today either sure it could go lower, or it could waver, stay on support then rise. The news should help a bit with direction today.

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

Euro looks like it's trying to break north. Gold is bobbing in a 5 USD appx range. Not bad for scalping.

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

Oh, I suppose you were short already? If so and you are looking downside why not keep it open? What's your target???

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

Want to throw up the fibonacci's from your pull?

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

Downside in the immediate looking at 1385 and 1365 then other increments 1350 - should be strong support and is the breakpoint as aforementioned of a large DTL.

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

Don't see any validity or interest rather for 1370 - where are your fibs pulled from? I'm using the weekly fibos from 1920 to 1180

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

chart fixed above, H1. I'm good for a scalp already at least. Time to look at silver.

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

Don't be upset about that. If it's going to go down correcting further the H4 channel is what I am using to base trades with an eye on the daily. The glitch may have just saved you money, So far there are four tests on H4 of the 50 SMA. If it holds ...

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

it's healthy and should be good for a further move north. Last week through this week (wednesday), the price has been climbing without any reasonable retracement south. 1425 was noted in the thread as resistance along with 1450, 1475. Here take a ...

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

Hey all lost poet in part of living / trading area.... So pissed cause I can't just flip the breaker . something else has gone awry . In any case can't stand posting on a phone. hoping for a kwik fix but doubt it. Might have to move a machine. G/l xt

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

KADC, Is this the text from daily fx?

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

I really need to see this, probably the same bunch that was yelling short from the last test of 1180 3 years ago when I started the thread, all the way to 1900. In essence the market needed a correction, yet was in range from 1550 low to 1780 ...

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

Correction is likely, although not very certain, your first chart would suggest it, your second chart would suggest otherwise, and a break further north, If you put a midline to the channel I would look to that first. Here is a channel on H4. There ...

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

Awaiting charts! last post slightly edited.

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

Keep in mind here, As we have seen with the EUzone "crisis" or what have you, GOLD and THE USD have both risen in tandem, Thus, and this is part of the contradictory story of bearish gold fundies, we know that the "Usual" inverse relationship ...

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

Will post my thought for the bearish fundamentals. Technically for now: Yes, correction is still in affect, yet as I see and have posted 2 out of 3 major DTLs have broken, also, would not think it to be a "great idea" to still be riding a short from ...

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

oops! Sorry! Guess I am used to the newer version.

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

Looks like today will be profit taking and correction midweek. Two taps on 1416 area today and doesn't want to give up. Now, closing and remaining above 1400 should lock in 1350 support and reinforce 1400 pshyco level.

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