DX technical reversal is in play image on XAU, we may see a retracement up to ~1348 (or maybe even 1341) in the next day or so, but the next impluse will be to slam it down through to the 1307 level! just my 2 cents! trade safe

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

9060 is a critical level for DXY (even on an intraday basis)... it will paint the future!

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

not sure if it'll go that high... i was thinking more like 1348 (ish) lets see what happens! cheers

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

if we get a retrace at the current level (~1333), whats your upside target before taking a short?

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

lets play that retracement!

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

video

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

that buy stop at 1354.77 must really be pinching right now... if im right, you'll be hodling it for a long.... long time... BWAHAHAHAHAHA if you dont know how to use pending orders, best leave it to the big boys son!

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

depending on follow through momentum, we may hit ~1333 today. this is a confluence zone: 127% retrace of the previous swing + 233EMA on M240 + trend line support. image ideally this ought to coincide with a follow through on the dxy to achieve ...

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

the best things in life are free.

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

this seems to have been published a couple of days ago (the 16th): video remember that hes not a trader!!!

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

im watching cross asset relationships combined with the reaction to the "western allies" missile strikes on syria over the weekend. I think the second point is moot, i mentioned it last week, that it felt like "when russia invaded ukraine"... and ...

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

this price action feels like capitulation... bulls beware, the next move may be fast and furious!

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

next major demand zone is ~1336. again, if we get a nice break through this area, we open up 1317-1313-1306

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

Probably cuz today is data light, + people are still exhausted from the mid week price action!

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

as a trader/analyst, you always want to avoid a confirmation bias; therefore seeking out opposing views is critical (IMO) even though i have expressed a bearish bias, i acknowledge that its all contingent on a bullish DXY case, and truthfully, the ...

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

the bulls are burning up time..., if they dont act soon, there will be a massive downside spike

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

dunno man... where i come from, elevators go in both directions... anyway, point taken on the misunderstanding! trade safe!

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

we're still headed south after all this noise though (i "think")

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

coincidence? i think not! as a trader, we dont have the luxury of believing in gods and ghosts... there is synchronicity, but not coincidence! image

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

we have a bullish sequential in conjunction with a pin-bar bounce on the 233 EMA on 60 minutes... expect a pause, and minor retrace? the bears may be done for the day... i'd be looking to add to my short positions on any bounce. targets are the same ...

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