I just watched the DailyFX Google+ hangout (I don't know if these things are archived if anyone cares to watch it), and all four of their participating analysts are bearish on gold, looking for opportunities to sell, yet they all agree it's likely ...

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

I added another long position at $1315 -- maybe a little soon but I had to change contracts due to futures delivery requirements. Month end profit-taking and contract expiry were probably the motivation behind this sell-off turned buying ...

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

What I see from that chart is that gold is above the 23.6% and not yet at the 38.2% at $1415 which is the typical minimal Fibonacci for a change of trend, but I'd be interested in knowing what you see that warranted posting that chart without an ...

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

Gold broke above the descending daily RSI trend line established as resistance last November and also broke above the midline of the primary bear channel (purple) and is now confined to both bull RSI and price channels. It is also testing resistance ...

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

A new old bug has resurfaced. I don't know when it came back as I haven't traded any futures (or much of anything to be honest) since March when my father died, but once again, even though the I set the Global Preset to "Allow order to be activated, ...

Interactive Brokers - experiences and opinions

Other than any trend lines you try to draw being unreliable as well as ridiculously limited choices for time frame, I've never had any problems as far as my actual trading goes, though I don't like how it takes a day or more after they receive your ...

Interactive Brokers - experiences and opinions

I'm still dealing with my father's estate so I haven't done any trading in weeks, but I took a look at the gold chart and I'm waiting for it to break the descending resistance line before I go long. Alternately, I will buy upon a retest of $1320. ...

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

I look at the potential gains per investment dollar and it has not been favouring gold or silver trades for months. If gold does not bounce up sharply when it hits bottom then we are likely looking at sideways movement until the seasonal summer ...

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

There is no confluence with the US spot price he targets in his article. It's not historical support, trend line support, Fibonacci support -- nothing -- and without a single point of confluence you cannot have a valid technical reading. There's two ...

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

The author is a student, which doesn't mean he's wrong, but his flawed technical analysis certainly suggests it.

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

Although the post you are replying to now was from two months ago, the commenter was quite correct to call you out on what you had posted. Hopefully your technical analysis has improved since then.

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

Ignore the advice of anyone who panics: They are clearly not experienced traders. As to technical analysis, one or two studies are usually quite sufficient. My experience is that more studies do not add clarity, they merely improve certainty.

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

I'm not sure if he's been listed as a senior member (I am in case you're wondering since you're new), but Wheels has been around far longer than you and I think if you read some of his posts you'll gain better respect for his opinions, which in the ...

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

I don't have any charts with GSR so I can't check Fibonacci or draw forks, etc., but based on your chart, an alternative scenario is the region around 54.25 has become support and breaking above 55.50 could see it rise within this bull channel I ...

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

Not all trade strategies employ specific entry and targets. Paras4you provided a chart showing upward price movement towards a bear channel resistance trend line with the additional analysis that RSI was above 70 in all time frames. Entry in this ...

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

What a silly thing to say. All charts are drawn after they happen. If we could chart things before they happened we would all be billionaires. Paras4you and Gumrai both have sound reasoning to go short, just as Pluvius demonstrated the possibility ...

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

Watching, yes, and perhaps a bit regretful that I didn't short gold when 5 minute RSI was at 80 then long at 17, but other than a EUR/JPY long I was already in, I don't trade on non-farm Fridays until after the markets stabilize (though often the ...

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

Statically, 67% of all trades lose, so if you are a sentiment trader, according to Oanda Forex Open Position Ratios Chart which is showing almost 88% long gold and 83% long silver, you should be short. Open Position Ratios provided by OANDA ">Open ...

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

In the Short Side of Long article, the author believes either there is catastrophic further downside in the gold miners, and by association, gold, or sentiment is nearly at that "Oh my god, sell everything!" point which is exactly when you want to ...

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

If you search a little further back in the thread, you'll see a few posts demonstrating that there is no reliable historical correlation between currencies and gold. Though not specifically currency correlations, I believe I posted the most recent ...

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