Suntrader: Sorry if what i attached was misleading...my intention was to provide a simplistic contrast of the timing and progression of a parabolic move....

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

First pullback on first impulse to fib/pivot....standard stuff. image

EurAnalysis

Definitely a time of Accumulation with solid buying compared to the scrappy selling periods.... image

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

200EMA — GG: thanks...has broken back through Weekly 55EMA which has been major support for last 3 years, so a break above 1hr MA which also coincides with previous supply level should elevate it quickly...

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

Further confirmation Gold has def not bubbled yet.... Remember below chart is on a % base... image

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

Another good option is long NZDUSD on a pullback to TL and/or pivot... image

AUD/USD

As per my previous post...."AUD and NZD had broken up and threaten further impulses...EUR is about to pull up also....all these make for a weaker USD, therefore more likely XAU gains...." EURUSD Chart below gives a bit more credo to this, indicating ...

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

Classic continuation which almost never seems to fail...partial proft taken...should be at least more 1 impluse... Entry image Result so far image

AUD/USD

True... classic continuation which almost never seems to fail...partial proft taken...should be at least more 1 impluse... Entry image Result so far image

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

Risk:Reward on Silver worth a LT long — An almost 100% correction which hasnt been exceeded and coinciding with major support, the 50% fib from the whole rise and also confirmed by MACD divergence makes for a compelling long... image Watch ...

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

AUD and NZD had broken up and threaten further impulses...EUR is about to pull up also....all these make for a weaker USD, therefore more likely XAU gains.... Most likely support is 1480-1500 being the base of the last huge rally and elliott channel ...

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

Continuation — Salman: Agreed...obvious cont pattern...confirmed with MACD pullback to zero/bullish candle on 1hr in 21 MA area with a pivot...should be at least 2 more impulses.. image

AUD/USD

First post for Long Gold - trade of the year — Hi all...first post here, just arrived. Hopefully my attachment works... I really does look like trade of the year with a LT Weekly bounce from TL, double fibs, closing above 55 EMA and confirmed ...

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