Interestingly, gold has hit the exact 0.786 fib, broken through with high volume, headed for 0.886 and Low of the day is now in jeopardy of being broken again. 1251 has some support and I am really wondring if this next leg is the determinant on the ...

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

LoD is currently at 1249.81. You went short at the LoD. That would have been an amazing entry to go long because it's within 5% of the Low. Basically this means you are already losing and hopin you will make money. This is a failure if you have not ...

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

HoD Stands for High of Day / Low of Day.

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

Yesterday I was at the library reading a book. It was an intruguing read about the reasons people are poor. Not just any reasons, but reasons comparing the attitude of wealthy people to poor people. There were at least 100 reasons that people are ...

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

Anyone itching to get in to trade now should wait until at least the classic turnaround time which is around the changeover to about 45 mins before NY open. We could well be rangebound until then. There's nothing until an hour after that that we ...

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

If you're looking to go short, Stert looking around 5% within the HoD. Certainly anywhere above 1255.31 to 1257.31. Below that and before 12h00 GMT is dangerous time to trade. THat's my advice and based upon what my mentor has taught me.

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

It's looking very dubious that gold would even think of going to that high a level. Anything can happen today, as today is a pivot point in the financial history of the future. It's looking like gold may head down to 1200 over the next week or so, ...

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

Geometry has changed. Looks like gold may possibly descend to 1200. Today and tomorrow are an important day that sets up March next year.

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

According to geometry, I expect gold to rise to around 1269 before selling off in a longer move down.

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

Thought that yuou might like to read something about hyperinflation and corruption results (prices are USD values) It’s not just the first, fierce rain storm that’s aroused Zimbabwe’s attention this week. In an ever growing political storm there are ...

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

38.2% rounded to 40% does not make it "ok". It makes it inaccurate. Fib levels are ratios and changing the calculated method means it is no longer a fib level but a coincidence: a co-incidental meeting without historical reference. Fib levels are ...

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

If gold gets excited and viscious, then expect troubled economic times ahead that make 2008 drops look like drips in an ocean.

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

My opinion on direction is that here we want to see gold hold the current range and trend down gently over time to 680. Rhodie is short for Rhodesian.

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

In my professional opinioin, I think the USD:JPY is looking increasingly weak. It is compressing to watch for a reversal of the market which could signal the mother of all declines in US political stances. The Japanese are printing money faster than ...

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

My weekly analysis for gold. A brief look at the overall view of gold is very interesting. I expect gold to test around 1230 +- $5 before rallying up a little. If it breaks down the support I expect it may crash down through many levels to 1180 and ...

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

I agree with rythmrig on that there is potentially a longer term drop to lower levels. Many are expecting 1180 as the breaking point , but that 1221 looks more bullish to me. If gold price drops below 1221, then it would likely descend over a number ...

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

Looking at the gold market, I woupld personally be afraid of getting into the market now until gold substantially breaks above 1247.17 or below 1241.29 which is the US pm session. Rangebound again. If gold breaks higher I expect it to go bearish ...

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

I would expect to 1221 area first and that would be last line of resistance before open waters down to 1180. Why these numbers? They are previous levels of resistance become support in the past. Any other levels along the way would be purely ...

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

You see that's what I was wondering: how can anyone base trades on the 15m charts and expect low risk entries like the exact moment that the market retraces to test the high or low of each day? I use a 1 min and get within 3 to 5 pips + spread of ...

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

Major pain in the ass question: In my very limited experience, it is highly improbable that greater than 5% actually get in at the correct moment and make a profit of more than 10% per year consistently. I am so amazed to see that everyone seems to ...

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