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Ssm replied Jan 30, 2014Ok, got something from Kathy. http://www.bkassetmanagement.com/featured/dollar-rises-on-us-gdp-stocks-drive-usdjpy_6342/ Main takeaway "Anything above 3% GDP growth is healthy and consistent with a continued recovery in the U.S. economy ".
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 30, 2014GDP Q/Q and unemployment claims are minor news to you? I see.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 30, 2014Bad US data but Gold and Silver fell.
XT Sir , Rhodie or anybody can explain?XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 30, 2014I must say that is not a good looking inverted head and shoulder you have there. IMO, we are now in a range after the upmove since 31 Dec 2013. Range levels: High 1268 Low 1251 As indicated yesterday, I was previously bullish in Gold, but not ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 29, 2014Thank you Rhodie. Now that the $10B tapering this round is almost certain, how do you see Gold? I am bullish on Gold last week, but not now as it seems to be weak and in a tight range. With the $10B tapering confirmation after FOMC, Gold might just ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 28, 2014The pair is still resisted by .8820 mentioned in my previous post. look at the rejection at this level. Overall trend is still to the downside, but view might change if the daily candle closes above .8850.
AUD/USD
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Ssm replied Jan 28, 2014Pardon me. What do you mean?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 28, 2014Because the overall trend is still to the downside, therefore any rallies will be opportunities for shorts. Therefore with negative USD news, AUDUSD is unmoved or slight decline, while cousin EURUSD and GBPUSD rallied.
AUD/USD
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Ssm replied Jan 28, 2014Even though this pair might be a no-brainer trade, long term downtrend to .80 level, but please please protect yourself with stops.
AUD/USD
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Ssm replied Jan 28, 2014Keep it coming and keep shorting then. Only a close above .8850 will show possible sign of a reversal. By the way, don't forget RBA governor wants .85 while others want .80
AUD/USD
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Ssm replied Jan 28, 2014Weekly and Daily charts are still bearish. H4 still bearish, but sign of retracement. Therefore conclusion, trend is still bearish. The bullish move today and yesterday are merely retracement or profit taking and is perfectly normal IMO. Look at how ...
AUD/USD
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Ssm replied Jan 27, 2014Shouldnt Gold fall in theory? Tapering = stronger USD. Stronger USD = Weaker Gold. Looking at tapering the last round, Gold fell.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 27, 2014For discussion sake: "www.marketwatch.com/story/nothing-will-deter-fed-from-tapering-this-week-2014-01-27" Federal Reserve officials will likely agree on another $10 billion taper to its bond-purchase program this coming FOMC. What will be the QE ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 26, 2014At this moment, looks healthy retracement or profit taking by retail investors from last week, nothing unusual. IMO, its healthy and normal as long as price is capped under .8755.
AUD/USD
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Ssm replied Jan 26, 2014I agree with XT resistance at 1280. My broker shows highest price 1279. Looking at H4, pin bar is forming with 20 mins to go for candle to close. Looks like market is getting ready for a retracement. At the same time, I am ready to buy once ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 26, 2014I am not too sure 1320 by this week is possible. Taking into account that the Chinese are getting ready for their Golden Week holiday.
XAU/USD & XAG/USD - Gold & Silver Traders Thread