GC 200 Day MA is 1662.6 according to my systems.... beeb EDIT - my comment was not in relation to eg a 10min chart, but to the general idea that some entities would like to see price kept below that benchmark average....

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

There is a difference between a "reason" and an "excuse" - imho you have pointed to the excuse, whereas the reason is more likely to be the level of the 200 day MA..... beeb

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

Nice website TS The cup and handle has been talked about on the thread for a good while too..... SI 5 min from yesterday still just about hangin' tough - not something to base a swing trade on but should have been good for a few quid..... url ...

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

Am noting the GC Daily close pretty much at the 200MA..... beeb

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

Well given that it was previously resistance I would certainly consider support there a bullish sign - however I don't subscribe to the view that 70% (or whatever percentage it's supposed to be) of ML breaches mean price will reach the opposite ...

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

Thanks, but I'll stick to reading chicken entrails as it seems more scientific..... How does this fit with your argument : url beeb

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

SI 5min running well url Fork is mod schiff from A but works almost as well as unmod from AA beeeb

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

imho Maund changes direction more often than a windsock in a gale..... beeb

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

Please not a guru I do not want anyone to follow me - just want to cut through the bull and get people thinking for themselves..... beeb

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

I trade using pitchforks and abcd's. For scalping I use some proprietary indicators (developed by a friend) that I don't wish to disclose... I keep an eye on other indicators such as MA's and fibs because that's what big money does and those are the ...

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

The point I was making was that by knowing that this is going on one can turn it to advantage..... Forks work for me otherwise I would not use them beeb

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

Welcome to the thread - it's worth bearing in mind that the precious metals are manipulated markets and the technicals are often "designed" to give an impression... The physical market makes pm's different from other markets too and imho this ...

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

Nice charting Steliron FWIW am watching bigger picture GBPAUD on the daily which maybe gives a more bearish view: url - the red A is in August 2010 I am watching the upfork you have drawn on your daily but on a 240 min timescale..... beeb

Andrews Pitchfork (Median Line)

Xtrade and split-unit - thanks GC 240 - This old fork shown many times before is still worth watching.. The exact LP touches (green circles) so far apart confirm that it is perfectly aligned with the direction of price. The three touches at ...

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

and this.....

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

and I noticed this btw......

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

Sorry mate - not interested - you're on ignore... Got a problem then pm me and don't annoy everyone else... beeb

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

Nice chart Olu but look at it this way..... (This is daily GC so might be slightly different) AB is the resistance line cloned to C giving a support line. Note at D there is a gap from line to price and at E a larger gap... Could be indicative of ...

All Majors and Gold

Ensign and esignal feeds work very well for me and I think one should use the best set of tools that you can afford/justify......I treat them as a business expense and view them in the same way as the fastest internet link I can get... beeb

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

Glad you agree I prefer to watch what happens rather than make predictions - but that's just me. I use Ensign charting -I have tweaked it to draw the three types of fork at the touch of a button (turn of a mouse wheel in fact). It is set up to ...

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