Highly likely forming a double top. H4 is toppish.

AUD/USD

image Are we forming a double top? Expect to meet with heavy resistance if price goes up to that resistance level.

AUD/USD

image AUDUSD at a critical crossroad with major resistance at .9050. A day candle close will provide a clearer picture. Also seems to be resisted by the MA.

AUD/USD

IMO, any dip back to $1300 will be opportunity to buy. Post chart later.

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

In simple layman terms, the Chinese buy raw materials from Australia. The better the Chinese market, the more raw materials they buy. The more they buy, the higher the demand for Aussie currency. Likewise, if Chinese market down, Aussie currency ...

AUD/USD

Again, round number .9 served as a resistance as we speak.

AUD/USD

Agree. Stay sideline and neutral until a clearer direction. The charts are rather mixed. Dailies are up while H4 looks rather toppish. Perhaps China data later will provide a clearer direction.

AUD/USD

3677 is a fib level (3740 - 3476)

EURUSD

Congrats!

AUD/USD

The pair indeed moved by more than 100 pips! as per your prediction. ...... but to the downside.

AUD/USD

I assume you have heavy capital and trade small lots? If on small capital and full lot, 0.5% will easily be stopped out. Eventually, you will have more stop outs than winners.

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

image Gold broke above the channel earlier today on news that China is stockpiling Gold. However, seems that price now fell back to the channel. Will it be another bull trap we saw 2 weeks ago? Lets see if 1272 can be supported. url

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

Thank you XT Sir, just want to share my observation with the community. Hopefully big boys reading this post will not play against it and lay more traps as a result. Pls give the community here a chance to make some small pocket money.

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

Likewise in Gold, seems that we are also in a ranging mode. If 1268 broken and close above, we are still be resisted by 1272. Unless we can close above these levels, then I will be comfortable with the trend, if not, we might see price going back to ...

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

We are still in ranging mode. Unless we can have at least a day close above 20.3 to 20.4, then we have already broken out of the range. If not, we will remain in that range. image

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

Looks to me like a fake and failed rally. Another bull trap. Look at the long tail of the H4 candle. This has been the third consecutive day. What's next? Undecided, so I am still sidelined.

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

Bascially Draghi did nothing today, he merely remain composed as always and positive which sent the Euro flying high.

EURUSD

Yes. Gold is looking rather bearish atm after earlier failed attempt to retest the high. Lets see 1251 is being supported. To be honest, I am rather confused by the price action this week. Therefore chosen to stay out.

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

Looking at H4 candle, again just like yesterday, look at the tail. Resistance and fail to rally to yesterday high. Another bull trap?

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

Swissy means USDCHF?

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