As we very well know the only thing that quote does is tell us of UBS's position. Physical demand is currently absolutely massive and is close to overwhelming the bullion banks. beeb

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

GC Daily - posted many times before - still running.... beeb

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

Shafaat - haven't you got tired of this EW rubbish yet - last week you were quoting someone who was reckoning on a break below 1200 or something... beeb

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

[quote=katejackson;5998544] Our Preference: LONG positions above 1710 with 1747 & 1760 as next targets. Alternative scenario: The downside penetration of 1710 will call for a slide towards 1697 & 1688. Kate - who are "We"? If you are quoting someone ...

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

Why? Too many people saying "I believe" without backing it up with EVIDENCE..... I may "believe" that I have an Unicorn living in my garage but without evidence it remains no more than an unsupported assertion.... beeb

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

Shows the advantage of trading on evidence rather than belief .... Hope you didn't get burnt..... beeb

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

Some interesting stuff: url beeb

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

Interestingly enough I also see Platinum Daily breaking out of a year long downtrend...... Be aware it is ECB today and NFP tomorrow so usual rules apply....... beeb

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

GC 240 min shown last week: url Would like to see a close over the sp that is currently providing resistance to allow the bullish move to continue... beeb

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

Okay - misunderstood you - apologies beeb

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

I suggest you have a look at some other techniques (eg post #20839) before making such a sweeping statement.... beeb

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

The moves at the end of last week really tested the extremes of the GC 240 fork posted previously. Am keeping an eye on the following which has really good outer quartile action... url beeb

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

Shafaat - this isn't a child's game "I'm right, you're wrong. Nah, nah,nah....." We're trying to have a sensible discussion about gold backed up by reasons and evidence. That's what adults do.... Nobody says you can't have an opinion - but do you ...

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

Sorry, but IMHO Elliot Wave is utterly useless as a predictive tool. Its proponents are always making revisions and changing their counts to the point where it is about as much use as a chocolate teapot..... If you really think gold is about to drop ...

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

SI 240 shown previously: url beeb

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

Time for a bit of a bigger picture update on GC Daily after the impressive action of the last few days. Here's the same chart as I have been showing for several months. Things to note: 1. The line of resistance of the red dotted sp that worked from ...

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

Given that the thin August markets are waiting for any news out of JH and that it is a NY holiday on Monday, it is worth remembering that you don't have to trade EVERY move. Having NO position is also a position.... beeb

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

I have no idea - I use Ensign charting with Esignal feeds. I suggest you contact your vendor... Following on from #20803 - there was no support at the LP or SP on that dip which shows the importance of testing a line before commiting to a trade... ...

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

Following on from #20798 - not exactly pip perfect support from the blue LP but still worth watching as there is a definite "area of rejection" there.... url beeb EDIT - note that support seems to be developing along the quartile of the 240min GC ...

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

Can you take this political crap elsewhere please... beeb

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