After last week bullish move, I would expect some sort of retracement perhaps to 1245-1250. If 1250 is supported, and if break above week high at 1272, we will then see higher move to the next resistance at 1280 and perhaps to 1300 round number.

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

XT Sir, would you tell us the possible impact of Gold for this coming FOMC?

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

"Australian Central Bank's Ridout, saying A$ hasn't fallen far enough, in her own opinion, adding that at $0.80 is a fair deal for the economy... " Anybody read this? Just read it on the news section. Is the source reliable?

AUD/USD

image

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

Just like some of the traders here said, either Silver is underpriced or Gold upmove is fake. Which is which, I do not know. Silver appear to be still stuck in a range, while Gold appear to make new high. Silver is still resisted by 20.30. If not ...

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

Posted this on the 21 Jan image Now 25 Jan image Where's next?

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

Lets see if Gold can close above yesterday high at 1265. Silver still lagging behind. It is either Silver is underpriced or that upmove is fake. Which is which?

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

Somehow have a feeling that the upmove few hours ago was a fake move.

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

Silver still resisted by 20.30, this level has became stronger and stronger over time. Gold broke last week high, lets see if we can have a day close above that high. At this moment in H4 for Silver and Gold, what a long tail they have formed.

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

I think this pair is so bearish without retracement that it is on its way to .85

AUD/USD

Gold is breaking and closing above last week high, but Silver is not. Does the 2 has any correlation?

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

Why is denying means its probably true?

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

Shall explore $2 stop loss on demo. Currently Gold broke last week high, let see if we can have a day candle close above this level today. Silver is not following suit, still lagging behind and unable to break the high.

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

Isn't $2 stop gap too tight? A range market will easily stop you out. $10 to max of $15 for me, but currently no trades atm.

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

Looks like .88 barrier are defended. Overall trend is obviously down, therefore any higher price will be shorted down.

AUD/USD

Hi XT Sir, Which TF is the IHS located? I don't see it. Do you mind to post a chart? Thanks.

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

That H4 candle looks ugly for bulls though.

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

Looks like a channel in play. However, doubtful of the lower channel line. Nevertheless, 1252 serve as an important previous support turn resistance (if you look at the daily chart). image

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

Gold has a high correlation with Aud, Aud is extremely weak, will it lead to another sideway movement due to Aud and Usd weakness? What is your view? Anybody?

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

Congras! I have been following your posts. Great stuff, keep your posts coming.

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