Very thin market - gonna be quiet until we get some news (or not) out of JH and desks get manned again in Sept.... Following on from previous posts I wanted to show how I try to find working forks. Here's GC 20. Am looking to see if the new blue ...

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

Following on from post #20760 to show why it was not a further shorting opportunity at the red UP. 1 price was again finding support in the blue upfork along the thick sp 2 the bar marked A was a very bullish bar making it through the red UP before ...

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

Jeez Xtrade it's 3am in NY - get some sleep or you'll be REALLY crabby Seriously - there has been a load of talk about being long and short gold with no mention of timeframes. I'm long on dailies and 240s but have been short on 20 as follows: ...

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

I really wouldn't read too much into today's action as it was a London Bank Holiday and the markets were incredibly thin - probably the quietest day of the month.... beeb

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

Just a reminder that Monday is a London Bank Holiday so it will be a very thin market .... beeb

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

Jeez - what have I started ...... Take a look at the post linked from the OP which explains that strictly speaking a fork runs from a swing low to the next swing high and the next swing low for an ascending fork and vice-versa for a descending ...

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

Just to show that it isn't just gold and silver that have been toying with longer term resistances, here's Daily Platinum: url beeb

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

Kudos and thanks beeb

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

GC 240: url SI 240: url If you can put lines on a chart that have harmony with the price then trading becomes much easier..... beeb

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

We've had some cretinous posts on here over the years but this is arse-gravy of the first order..... If you want to make political points please do so elsewhere.... beeb

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

IMHO that sums up the problem with EW perfectly beeb

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

I'm not gonna read much into a 5 min chart. I think today's close and Monday's action (London Bank Holiday) in relation to the daily downtrend resistance are going to be more telling.... beeb

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

Can you please explain this Thanks beeb

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

Closes are going to be interesting - especially with Monday being a bank holiday in London... beeb

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

Not sure where your A is on that chart... Am following this 20min SI : url beeb

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

GC 20 - A bit steep but working well.... url beeb

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

Hey longshot.... We disagree but we don't argue - remember beeb

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

timescales + reasons please beeb

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

As my old friend LongshotNL points out in post #20565. silver is nudging the downtrend from the ATH. However without going over our past discussions, I will disagree with him about the efficacy of EW beeb

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

Where we close the week will be v important IMHO. It's not so much the breach of resistance that I'm looking for as opposed to where support manifests itself on any retracement.... beeb

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