No.

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

No, I meant exactly what I wrote. NFP comes out every month yet it still has a significant effect on the markets. A far more serious event that occurs only once every two years should have more significant consequences. Gold selling off certainly ...

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

Anything that happens only 17 times in 36 years should be far more significant than, say, the reaction to non-farm payroll which comes out every month. The markets read between the lines of FOMC minutes and go crazy, so certainly shutting down the ...

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

There was no U.S. dollar sell-off anywhere across all the Forex pairs despite a sell-off certainly being the expectation when the U.S. government closes down with the debt ceiling looming even if the budget issue is resolved. Upon US open the ...

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

Yes, I'm out with minor profits followed by large losses almost across the board which combine to probably my worst trading day in two years -- a result of doubling my positions from being overly confident from too many recent successes. I'm not ...

Davit's Confluence Trading

Addendum: Looking at $1,275 target per my prior daily chart postings.

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

Risk aversion except there isn't the massive US$ sell-off one would expect when the government shuts down. Perhaps there will be more of a reaction at NY open.

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

I had to sit on my trades well into four figures before things finally turned around. Not a strategy I would recommend. A few moments ago Abe announced Japan's new stimulus package timed just as the Yen was breaking higher, no doubt to curb too much ...

Davit's Confluence Trading

Please, in the future, just a summary in your own words and a link to the actual article.

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

Just be sure to trade the actuality of gold breaking out of the channel (or not), not your feeling that it will.

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

Interesting factoid from a guest on BNN (Business News Network) Thursday: Goldman Sachs increased their holdings in GLD to 30% shortly before their announcement that gold was going down. i.e. Goldman Sachs now owns approximately one third of the ...

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

Hourly RSI is falling to meet the rising RSI support line (connect the lows of the 24th, 26th, 27th) or 50 which is a very reactive level for gold. RSI could find support without breaching the midline of your blue price channel so I wouldn't make a ...

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

I had originally thought we would break higher to the target I posted yesterday before breaking lower to retest the $1,275 low, or perhaps even down to $1,180, but if daily RSI breaks above 50 again I may have to abandon my bearish targets entirely. ...

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

To answer Archer's question from two pages back and "add my input": Question everything. You'll see one-sentence tweets with no links in the Forex Factory news feed labelled as "breaking news". Every movement of literally anything is instantly ...

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

Gold price unfortunately didn't break to either the upside or downside targets so I am still waiting for trend confirmation. However, RSI is above 50 in every time frame below daily where it has broken bear resistance and is approaching 50 riding on ...

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

Because it doesn't get as much coverage, here's an article from Sunshine Profits on silver and palladium (though I'd prefer platinum). url

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

Breaking $1,331 was certainly bullish and hourly RSI is well into bullish territory. I don't know which path it will take, but my target for tomorrow is $1,358, 200% of the prior consolidation zone and the intersection of the rising fractal channels ...

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

Daily RSI is still in bearish territory, but it has broken both bearish RSI trend lines (red and red-dashed) and respected both bullish trend channels (blue and purple-dashed). Price-wise it it sitting in both the parallel channel to the bull ...

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

May I remind everyone to be respectful of each other, even if you disagree with their opinions. Forex Factory Membership Rule #1 Many "famous" traders, likely more successful than yourself given that they are millionaires that have been trading for ...

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

That has happened to me a couple of times. Unsubscribe then resubscribe and verify whichever e-mail option (daily, instant, etc.) you prefer is the one being used and that should (hopefully) fix the problem.

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