Of course I see that 1180 has not been tested properly yet. I see that the weekly close on Friday was the lowest in a long time. I see that we are still in a downtrend. The +15 USD move north was bullish and could well have been driven by shorts ...

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

Interesting price action ahead. Will 1200-1198 hold or will the bears start taking this to sub 1180 this week? Clearly fresh longs were added on Thursday/Friday from 1186-1201 levels. Maybe these positions will be be used to help create momentum for ...

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

Last week was Gold's lowest weekly close in quite a long time. I remain bearish and my target is 1150.

All Majors and Gold

oh well, 1203 close. See you Sunday.

All Majors and Gold

I hope I'm right How do you think the options expiry will affect the price? I am not familiar with this.

All Majors and Gold

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Only Gold!

Closing price prediction = 1199.88 Based on the 38% Fib of todays high/low. Lets see.

All Majors and Gold

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All Majors and Gold

I agree, Also we have to note that it looks like it's going be Golds lowest weekly close in a very long time. The week of 5th July's was 1223. That clearly tells me the Bears are not finished yet.

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

Come on the Bears.. Make this close sub 1200.

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

Good point, i am hoping we test that area again before close.

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

Could this be a short squeeze/bull trap before making it's way to properly test 1180? Or is the 1180 area a genuine double bottom? For now I have just gone short @ 1206.5.

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

Interesting, Hopefully that should provide some serious support for now until the next shockwave event.. The price could end up ranging between 1180-1220 levels for a while before possibly moving to the sub 1180 targets. The next few sessions are ...

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

Nice entry for any possible counter rally. Personally I'd like to see it test the 1200-1210 area however unlucky that may seem. Hopefully the Asia Gold bulls will have some appetite.

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

Interesting, the price seems to have respected the Fibochannel?

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

Long: 1194.3

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

If it closes at 1240, it could easily test 1238-1230 during the Asia session or 1250. A $10 move is always likely in either direction... Looking just now the price has tested and bounced off of the 50% fib from the days low-hi.

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

Well 1250 was rejected hence the downwards pressure, the bulls haven't stepped in yet to take that pressure away. Maybe soon they will. I think it could reach 1238 before deciding so my stop is below that but I think another test of 1250 is likely ...

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

Closed Short: 1243 Now Long: 1243

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

Trades of today: Long: 1228.78 Closed: 1233.35 Long: 1234 Closed: 1250.12 Currently Short: 1250.53 (good risk vs reward) Targets: 1240-1212-1180. Stop 1252. O/T Also short EUR/USD (1.37538) (check out the Daily Pin Bar)

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