I'm still bearishly biased, but experience tells me that the push above prior close in both gold and silver after London closed and maintaining that level until New York market close is something that is often followed by higher movement. (I'm ...

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

Weekly and monthly pivot points. Note that both gold and silver are betwixt their respective S1 and pivot points. Gold is knocking at the weekly pivot whereas silver has a way to travel in either direction. url

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

Reasonably comprehensive technical analysis. video

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

His ideas are great, but I find he takes far too long to get to the point and he dwells too long once he gets there for my liking.

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

I posted this video a few days ago, but I think you did everyone a service by posting that chart and saving them from watching him speak for a half hour.

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

Oddly enough everything transpired just as I predicted except that it took an extra day to erase the gains. Anyone who took the last two days off would find that gold made a moderate $10 gain from Tuesday and wonder what all the hubbub was about.

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

I think yours is the more plausible head and shoulders pattern of the two options.

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

Good point and well illustrated, but I would like to add that it's the breach of RSI 50 where the pull-back occurs. When divergence happens and 50 holds, the opposite happens to the price action.

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

Both the American Republican and Democratic parties are right-of-centre. Corzine could be considered left-wing only in a world where the right is so far gone that sanely demanding a 1% tax increase to balance the budget is considered heretical. At ...

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

Hourly RSI for gold is too low to sell from here yet it needs to break through resistance for a buy signal and the same goes for silver. More adventurous traders might decide that buying from this level has a good enough risk/reward ratio to warrant ...

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

Time and again the FOMC gives a consistent message that easing will end when the state of the economy warrants it and all the right-wing free-market-capitalism economists who dominate the media read "easing will end" and ignored the rest having ...

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

On the hourly chart, gold is respecting ascending resistance (blue) and descending support (red) and the pivot line (purple) from the daily chart. Hourly RSI isn't any help as it is within a well-defined descending RSI channel (red) but sitting on ...

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

Whose strong recommendation and why? Without accompanying technical analysis that is nothing more than a series of numbers that could have come from anywhere.

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

Anyone who blames either Goldman Sachs or "the street" (and the one should definitely not be confused with the other) for getting it "wrong" should probably not be trading. No-one is forced to make a trade based on someone else's advice. This is why ...

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

With daily RSI sitting at 50 interacting with a support and pivot lines for both gold and silver there is no daily directional bias at the moment. Both gold and silver are currently trading below yesterday's close price and both fell below their ...

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

I'm happy to post charts but I'm afraid I don't have time to research such things; however, I'll post a link if I come across something. I'm sure someone somewhere must have written an article about it. All I can tell you is from experience that ...

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

I haven't forgotten Goldman Sachs calling for a $2,350 or $2,400 target for gold just as it was about to hit $1,900. They consistently make their pronouncements just as whatever they are talking about is about to change directions be it gold or ...

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

Pardon me for stating the obviously, but perhaps you should consider reducing your position. Barring a breakaway, selling when 5-min RSI hits the long-term (relative to 5-min time frame) resistance is a fairly safe way to know you're selling at the ...

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

USD/CAD has broken below daily RSI support and is at the upward price channel support of the weekly chart. As there was no bounce from yesterday's drop a break below the trend line has me targeting 1.015 then parity.

Davit's Confluence Trading

DailyFX technical analysis levels are always good (though sometimes their trend lines are questionable *and they clearly do NOT know the technical requirements for a head and shoulders pattern), it's just the conclusions they draw from their ...

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