DailyFX favours a bearish move back to $1,334 if gold breaks below $1,358. Chart is fine, but bias needs to be put in perspective of their perma-bear attitude and extremely low batting average with regard to the metals since June. url

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

Here is a fairly comprehensive technical price analysis for gold (Ichimoku, candle, Fibonacci, Pin) for those interested in learning how to read a chart. video

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

I suggest that only the Western markets were gullible enough to believe that the FED would actual consider ending easing and that the Eastern markets are more concerned with physical ownership and had never stopped buying and are likely waiting for ...

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

Possible head and shoulders pattern forming on the hourly chart for GBP/AUD. Neckline is at 1.688. Target would be ~1.625. Caveat: Ideally one would want to see Aussie strength versus Pound weakness whereas data shows the opposite to be the case so ...

Davit's Confluence Trading

Both silver and gold recovered half of their recent losses and are sitting right at support/resistance without any follow-through or pull-back for either metal during the Asian session though daily RSI for both have crossed above 50 which is ...

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

My first real loss years ago was $5,000 and it made me take trading much more seriously after a series of what in hindsight were lucky gains, so I chalked it up to being the price of admission and consider it a learning experience. There's the rule ...

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

There's nothing you can do to change what happened so try to honestly evaluate what you did wrong and what you could have done differently to prevent it. Say it out loud to yourself and write it down. Seriously. This will genuinely help you to not ...

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

It's unfortunate that I exited all my Forex trades but better safe than sorry. Silver not falling further doesn't surprise me but a bit more of a drop in gold before the rise would have been technically constructive. RSI will be useless in all but ...

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

To help keep you occupied instead of gambling on the FOMC outcome, watch Mike Maloney examine the Shiller Housing Index measured in gold, the DOW measured in gold, and the gold/silver ratio to determine where in the price cycle we are. His ...

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

To the gentlemen arguing bull/bear semantics: Bias, like fundamentals, is largely academic. Discussions of manipulation are also academic, but I think there's room for both academic and technical discussions here provided we all remember to respect ...

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

Gold made a matching move down in the hourly charts. Fibonacci confluence is the next target down at $1,283 before my bottom target in the $1,275 area. I'm exiting all my shorts at $1,277.50 and will wait for confirmation of break or support. ...

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

Gold is in an area I don't want to initiate a trade from. I'm waiting for it to finish the technical move down to $1,275 or break above resistance at $1,335. The low volume we're seeing usually translates into high volatility but since London is ...

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

Prior daily RSI resistance turned support (red) gave way clearing the way to the rising support line (blue) indicating gold has further to fall before returning upwards. image Hourly RSI support held but is capped by descending resistance and ...

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

Physical demand exceeds paper gold sell-off. url

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

Actually, that's a misconception many people have. As far as I know, all physically-backed ETFs allow for the delivery of commodity. In this case, here's a quote from the Sprott GLD FAQ: Unitholders will have the ability, on a monthly basis to ...

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

Deliverable gold at all time low -- claims per deliverable ounce at all time high.

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

Just musing out loud, but if I were an institutional investor I would want to be exiting my gold trades before Wednesday which means it's Goldman Sachs versus retail traders next week so I would expect a drift down leading up to the FOMC. If there's ...

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

The technicals, if they are in play once again, seem to be at loggerheads with the fact that there's now no possibility of any further data to support setting a date for the FED to start tapering easing which may be why gold and silver aren't going ...

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

A strong move down normally results in a bounce. In the case of silver, the move down was to technical levels and landed at prior support and confluent Fibonacci target of ~$21.50 so I think a bounce is a greater possibility for silver than for gold ...

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

When I started trading I used every study available, but over the years I've learned that less is usually more when it comes to how many indicators you look at. I like MACD and I use it when I need an extra confirmation of directional momentum; but ...

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