It could, but keep an open mind. gold is at a crossroads right now. If it breaks below 1234, it's going down a lot lower over days or weeks. For now it's at crisis point. My opinion.

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

There's major support @1246.36 as it's a 0.386 fib level from way back. THe last straight drop was from the 0.236 fib level in one move. Is gold falling off it's perch here?

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

stopped out (safety) 1247.42

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

If gold breaks lower, I want to see it break through to at least 1234.16 or it's not so bearish as I thought.

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

No TP on my account. Ever. I can see my trades go on for weeks at a time when they are good.

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

Short 1248.51 (Closd previous trade) Stop at 1249.45

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

Looking to go short at next right timing... I use a FIFO system broker, so no hedging :-(

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

Now gold rockets!

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

Stop moved to safety: 1246.53.

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

Long from 1246.43. Tight stop 1245.85

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

Good luck with that. I hope it works. I'm wondering if it's not a better idea to go long. just waiting to see if mkt tests the low or breaks it, patience is a virtue... and a balance saver.

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

I would love to see people discussing the dragon-kings and black swans in this market. I have no idea what the formul;a is for predicting them, but it would be interesting.

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

Totally wrong??? Wtf? Yes, exactly. Going short below the market at the low of the day and the market is trading near the average middle high would be silly. I was discussing a smiple rule example of how obeying a rule can prevent you from taking ...

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

I don't remember, sorry buddy. Something about "how to become wealthy". This gold move was because of the BoE Governor's review. Just finished. All' well in the world now. maybe going long is an option, but I don't trust the market now.

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

More good reaasing material for you who are in profit.: url "..But more importantly, as with all communicating vessels, global liquidity is now in a constant state of laminar flow - out of central banks: either unadulterated as in the US, Japan, ...

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

Hold onto your shorts, people. There may be more to come later on today.

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

Well done to all who went short from above 1252.25. You are now in profit for a while.

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

Quiet reading for those awaiting a move: The topic of gold market manipulation during the London AM fix is not new to Zero Hedge: in fact we have discussed both the historical basis and the raison d'etre of the London gold fix, as well as the ...

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

I would set my SL at 1250.25. Logic behind this level? If gold is bullish I would want to see it continue upwards for the rest of the day and not stop me out. Increasing this risk is tantamount to say to myself that my analysis is probably wrong and ...

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

A current analysis of gold before the US session really kicks in: -Recently smacked down through the 0.786 fib leve with a 1.272 retracement level meaning a strong potential for bullish conditions, however, in the past this has been pretty good ...

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