closing chat for the week from me. i closed my position here, i do believe the dollar is going to rise but i'm not willing to wait around. i see we are now in a channel so trade accordingly, i'll be looking for the break probably next week.

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

its possible that the market has had its three taps and will rise now. certainly reads like short covering. there is price rejection of the this vp node (first chart). gold has some longer term work to do. I think for today there is a good chance ...

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

reckon the dollar will make one more move north - we'll see.

EURUSD

with that in mind i'm now thinking this is a much better location. to reverse and go long.

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

will gold reverse after today or monday? maybe. dollar index is indicating a completion on a 3 drives move.

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

in case you didn't get it....

EURUSD

i posted this on a dollar thread yesterday, i thnk this is where they will drive the dollar today (probably).

EURUSD

i'm surprised this channel hasn't broken up yet. strange.

EURUSD

ok i'm less worried now.

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

Hi Alorente, I would just reverse the fibs and point them down. see chart. 1721 ish I am concerned though that we have to wait for powoll and gold could drift higher into 1760 or higher. i'm working off the 15m chart and it is getting stale.

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

for amusement only but let's see what comes. it obviously won't run straight up - probably retracing @ 1hr 50ma (thick blue).

The Strength of USD

ok didn't expect this move, given the time of day. so me thinks gold will rally up some here and have moved my sell order to 1756 ish

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

this makes more sense imo. order setup accordingly laters!

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

well this chart was golden just didn't trade the last leg. cést la vie even though the dx will rise imo gold has hit its target will rise with the dx. my last chart is now in play imo. time to chill.

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

not trading it. i'm trading gold. it broke .017/8 and now is back at old support and breaking that. its a long imo. see my previous chart for tp.

The Strength of USD

fair comment. what i'm looking at is 93.018 previous support now resistance. so let's see how she deals with that number.

The Strength of USD

not going to double bottom imo. going down.

The Strength of USD

ok here's my new and wonderful idea about how it will trade. fib's updated to new resistance imho.

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

closed my short @ 1755 support is building...

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

still not out for this long, need to see how 5m chart respects support. if she goes through - game on. otherwise get out.

The Strength of USD