it's very likely but your post looks like a sign of overextended bear sentiment in the short term to me ...

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

ouch for bears: at the top bulls play the only way is up ... double bottoming here most likely intraday ...

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

First trade of the day was a short at 1274.65 as we did a failed attempt to break out to the upside of a descending triangle. That got me short until the 15M signalled a reversal at level. The bears seemingly not having enough power at this point in ...

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

15M chart clearly shows an expanding triangle or gramophone as some people call it: not exactly the best environment for taking longer term positions as we all kinda noticed today ...

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

Just shorted at 1276.15 for a daytrade ... not going to forget this day too easily ... it was quite humbling to say the least ... it started with a mistake on friday and since then I have been piling on ...

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

starting to get pretty annoying in this siderange: the 15M chart had an engulfer up at level, from there on we moved up forcefully only to stop me out in my position trade. Anything can and will happen in the markets: but this is quite the vicious ...

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

ha, this seems very much so at times. No point in fooling myself though: I missed the nice juicy short at 1286. Missing that forced me into a rather difficult position, thus the last two wrong trades. Things should get better again from now on. Next ...

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

Technical picture clear as mud. Midday update. The technical picture is clear as mud here at this moment. The case for the bulls is not exactly improving overall, on the contrary we seem to get more proof that it's breaking down. All it did here was ...

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

the overall technical picture is definitely not (yet ?) improving here ... can it pull some kinda stunt ... if not there is the stop to get me out ...

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

the 2H chart gave some sneaky signals (that I totally overlooked myself) in the tiny range around 1287-1294, they got confirmed by the breaking of the inside bar on the 8H chart. Overal pretty hidden action if you didn't know too well what to look ...

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

as you can see there has been quite some morphing at last minute going on in the charts these last few hours. This makes me (while bullish) also extremely carefull here ... untill proven differently I am going to stay with my position for a while. ...

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

thanks I finally got into a long in the end at 1275.80 since the 15M morphed in the end after all, stop at 1270.75 and hoping we can soon move that to a safer place.

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

Biting the bullet to get us some piece of the action: As mentioned in my last post: the charts seeme to have morphed into a much more bearish looking setup. I'd prefer to get in now with a tight stop on 15M chart. If the close of the current bar is ...

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

url neutral untill we see the breakout of the 8H candle

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

Well, I clearly missed something, got stopped out url and changed my point of view playing Madame Soleil wasn't too smart and overlooked short signal this morning. Looking for short now: http://localsfoolsgold.blogspot.be/...swingtrade.html

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

stopped out of swingtrade, only weakness thus far today, time for regrouping: url

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

just reversed my tiny daytrade short into a long at 81.47, pretty meaningless noise thus far today as my swingtrade long is concerned

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

short xau as tiny daytrade at 1283.67 / big position is swingtrade long since a while

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

and stopped out of my daytrade, this does however not change my swingtrade anlysis ... plenty of noise in the daytrade tf's here ...

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

this down 30M candle followed by an engulfer would make this bottom complete. So more time needed to take us most likely above 1294.5.

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