Except that's not the deal, it ignores what's real, and only you two seem to think otherwise.

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

Mock and ignore reality as you wish. It's your money to lose.

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

No, a confirmed break below this area (~$1,307) would be bearish. A break above $1,320 would be bullish. Breaks indicate resistance becoming support (and vice versa) and should be bought (or sold) upon a retest of these areas. It certainly wouldn't ...

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

I was waiting for the US debt problem to "resolve" (surely an abuse of that word) and for gold to return to responding to technical levels before entering any new trades. Gold went from the 61.8% Fibonacci at $1,277 through and back down to the 50% ...

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

I, like most traders, be they amateur or professional, find that an understanding of how the markets work to be beneficial. Though I respect your charts, if you choose to trade with a blind disregard to the forces driving the market it seems to me ...

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

Indeed, and there is a potential bear trap in place. url However, with regulators off due to the shutdown there is no-one to police the markets. The 3,000 contract trade limit being exceeded by 60% required someone to disabled the order-size fail ...

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

Should be? No, the sell-off followed an established pattern. url

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

Despite no market demand for lower price, gold would have dropped further but for the safeguards in place. url

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

I was just sent this link to a Kingsworld interview with Andrew Maguire who shares similar views about the timing and direction the market is headed with regard to announcements by entities such as Goldman Sachs. (AKA: The Vampire Squid) url

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

I've been spending a lot of time away from my computer lately and have been relying on far-too-narrow trailing stops rather than trusting my judgement which has cost me despite my directional bias being correct which is very frustrating. I'm working ...

Davit's Confluence Trading

I did as well based on the assumption that there would be a bounce at $1,277. When I got home early this morning and saw the 3:30 p.m. EST drop to $1,282 without breaking back above $1,300 I knew $1,277 wouldn't hold but I was far too tired to place ...

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

That is very interesting and it explains the lack of follow-through after the stop orders were taken out. I suspect that someone, somewhere, is getting reprimanded for not taking that into consideration.

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

This is interesting. A push down at 3:30 p.m. EST yesterday afternoon to non-technical level $1,282, just shy of the target $1,277 to ensure no take-profit or buy orders were hit would be exactly where I'd want to place the price of gold if I wanted ...

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

You think we'll all be that rich from trading, do you?

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

Here's one answer: url addendum: You could also look at who is buying the assets they are selling if you really think there's a deeper story here, but I'm sure it's just other members of the gold cabal.

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

Every corporation says things that in in their own best interest. It usually benefits Goldman Sachs to say one thing while doing another but a price target for next year is meaningless regardless of their motivation. In the past three years gold has ...

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

As posted many times with many charts, graphs, articles, and even a spreadsheet, gold has no viable correlation to currency nor currency data. Gold moved due to the North American pre-market open. As can be seen on this 5-minute chart, gold moved up ...

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

In a full global financial collapse, yes, otherwise the current demand for physical gold is far greater than the supply so there would need to be some extreme extenuating factors to cause gold to collapse.

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

I agree, and I'm not sure those who stockpile gold because they believe the FIAT system will fail have really thought it all the way through. Gold and silver only have value so long as currency has value. In a global financial collapse scenario ...

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

They mined (or more likely leased/licensed) those mines for five years then sold them off rather than worry about what are likely diminishing returns. Have you never sold off a successful rental property? Certainly the lower price of gold could be a ...

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