Do you think it will reach 17.00 eventually?

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

The overall sideways consolidation of Silver continues. It's testing the support at 16.35 and if it breaks out below it Silver will probably fall to 16.15.

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

Maybe, but it's quite bearish for now after it bounced off from 1.6040. It may fall back to 1.5800.

EUR/AUD

EUR/AUD bounced off from 1.5600 - 1.5620 once again and is currently testing the resistance at 1.6040. If it breaks out above it it may reach 1.6100.

EUR/AUD

I was hoping for that too but clearly that wasn't the case. The sideways consolidation continues.

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

I closed my short position on Silver at 16.20. If it continues falling next week I may open another.

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

I did open that short position on Silver, and I will likely wait until it reaches 16.20 to close it.

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

I am considering opening a short position on Silver with target 16.30 or even at 16.20.

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

Silver is still consolidating above 16.40, there will likely be a move to the upside towards 16.70 at best.

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

The pair is testing the support at 1.5620 yet again, if it breaks out below that level it may fall towards 1.5500.

EUR/AUD

It will probably reach 18.80 yet again.

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

The pair bounced off from 1.5975 and formed a shooting star candlestick at that level on the daily time-frame, there will likely be a move to the downside.

EUR/AUD

I don't have any positions open either currently, Silver is clearly consolidating sideways.

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

Silver is testing the resistance at 16.70 again, if it breaks out above that level it may reach 17.00.

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

I agree, it does look quite bearish for now.

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

The pair is very bullish, I have a long position with target at 1.5910 but it will likely rise above that level.

EUR/AUD

Silver fell to 16.15 and bounced off from that level, next target will likely be around 16.60.

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

I haven't opened any position on Silver yet, the precious metal is consolidating sideways for now.

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

Silver also dropped significantly today. It's currently at 16.40 and the move to the downside will probably continue.

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

Silver is at 16.60 again, it may continue falling towards the next support at 16.00.

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