The pair bounced off from 1.6030 and it could fall to 1.5970 again. I have a short position.

EUR/AUD

Silver found some resistance at 17.35 but the move to the upside will probably continue.

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

Silver finally broke out above 16.85, next target is likely at 17.60, I already have a long position.

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

Silver is testing the resistance at 16.70 - 16.75 yet again and it will likely bounce off from it and fall towards 16.00.

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

The pair found some support at 1.5770 and formed a hammer candlestick on the daily time-frame at that level, there may be a new move to the upside towards 1.5970.

EUR/AUD

I haven't watched the market for that long so I wouldn't know. Thank you for pointing it out.

EUR/AUD

Why do you think it will fall that low?

EUR/AUD

We were both wrong, unfortunately, Silver continued rising. I've closed my short position for now.

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

I opened a short position on Silver after it bounced off from 16.63, it will likely fall back to 16.20 again.

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

Meanwhile silver continues consolidating sideways and it may reached 16.70 once again.

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

It bounced off from 1.5900 after all. Next target is likely at 1.6100.

EUR/AUD

It fell to 1.5900 and it is still quite bearish, the move to the downside may continue.

EUR/AUD

Silver has almost reached the support at 16.10 yet again and the consolidation continues. The question now is whether the fundamentals this week will end it.

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

Silver bounced off from 16.65 yet again. The precious metal has formed a quite clear channel between 16.10 and 16.65 so the consolidation itself can also be traded.

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

Silver reached 16.65, the question now is whether there will be a breakout above that level or the sideways consolidation will continue.

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

Silver bounced off from 16.20 yet again, the sideways consolidation continues. Next target will probably be at 16.50.

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

The pair is currently retracing and it may reach 1.5950, but the trend remains bullish for now.

EUR/AUD

Considering how bullish the pair is it may continue moving to the upside for quite a bit longer.

EUR/AUD

The move to the upside continues for now, next target will likely be around 1.6150.

EUR/AUD

Silver is testing 16.65 which is the (MA)89 indicator on the daily time-frame. It has been testing that indicator since the beginning of February but it is yet to truly break out above it and so far there is not signal that it will.

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