apologies for the chartless comments - no time! the present triangle could thrust down from 1319.x to 1313 area, but then what? I expect wave C down to 1305 area should follow, but please read your chart.

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

True what you say, yet with a low reading on the VIX and participants piling back into stocks, I'd say it's back to business: risk-off In reality (and for some of the reasons you mention) we stand at the edge of a precipice so fear should be evident! ...

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

seems a wave sequence up has started from 1316... beginning of wave 5 or wave C of a triangle ? edit: i reworded to omit "wave 5 of 5" since this would (by my count) be wave 5 proper edit2: added triangle which now seems likely

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

FWIW, i see PA coming below 1316 today: 1) US Dollar is slowly regaining some strength 2) VIX has dropped down to 13.x again 3) 1316 is being challenged for the third session today and the US participants have the stones. Basically, the old New ...

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

hi JayPin, No idea, but the picture i see today is that, since the Asian session, sellers have been pounding the 1316 area. Just before the European session price was chased up and then returned to the same battle. Now in the US session the same ...

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

hi XTrade, Saw this post this morning and I am definitely interested. Let me just say that I am interested but I cannot actually enter a position for reasons of my capital being committed to the hilt. However, as you explain and discuss I will ...

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

question marks hang over Gold: image

Sultans of Swing

adjusting my expectations image

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

upside in Gold seems to have waned and there's a right shoulder forming... perhaps a trip down to 1237 ? that could complete the ABCDE triangle from mid-August. if 1335 is visited in the next few sessions then upside might prevail

Sultans of Swing

hiya numbnuts, interesting PA since the Asian session... Would like to see if the US session changes the state of equities (Dow/S&P) because they're looking real limp and with massive MACD/RSI divergence on the current wave up. Perhaps a strong move ...

Sultans of Swing

So many changes of direction lately that it's hard to keep a wave count going for long without having to rework! Anyhow, I think all of these H&S patterns will end up playing out as PA zigzags around between 1335 and 1221. We should be seeing much ...

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

Quiet post-Deal session in Asia. I see holding patterns (triangles) forming in most pairs, so I guess Asia is waiting to see what Europe and the USA do next. Nothing to trade in my charts right now, so heading out for a swim before the European ...

EurAnalysis

observer seat is definitely better than participant hot-seat - there is just too much noise in the media and market reactions. Good scalpable moves, but with no technical warning - by the time I spot them and verify the technicals - its too late to ...

Sultans of Swing

Ramses, thanks for the heads-up. The 1306 and 1310-1316 zones will cause reaction no doubt

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

hi XTrade, welcome back!

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

"That's OK, buddy, you don't have to sleep on the couch - you can go sleep in the bathroom upstairs with your arm flung around the toilet..."

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

"Now go forth and dance with the markets!" they told me. This PA is more like trying to get your drunk buddy down the stairs and on the couch... turn your back and he's climbing the stairs again.

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

watching PA trying to break below 1270 is turning my eyes into raisins in the sockets...

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