I close my long position too but I didn't dare open a short position in its place. I'll probably wait until next week.

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

I still haven't closed my long, it may break out above 17.00 and continue moving to the upside.

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

Regarding Silver, that's quite likely. I decided not to close my long position for now.

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

I have a long position too, with target 16.80, and I haven't closed it even though it bounced off from 16.66.

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

I hope you are right, I opened a long position on Silver at 16.40 and my target is at 16.80 for now.

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

A force of habit more than anything else, I guess. Why do you prefer Gold?

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

Very accurate analysis, it bounced off from 16.23. I've yet to open a long position though.

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

Silver will very likely reach 16.30 or even 16.00 but whether the move to the downside will end there remains to be seen.

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

I am looking at Silver again. It is stubbornly testing the support around 16.60 - 16.50 and depending on the fundamentals this week it may breakout below it.

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

The pair has formed a spectacular shooting star candlestick on the four-hour time-frame at the resistance at 1.5755, the current retracement will likely continue for now.

EUR/AUD

There was a big drop on Silver today likely because of the fundamentals. Unless the consolidation continues next week it could continue falling to 16.00.

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

EUR/AUD broke out above 1.5450 and the move to the upside continues, next target is likely around 1.5600.

EUR/AUD

The pair is consolidating above 1.5270, it will likely rally back to the resistance at 1.5450 again.

EUR/AUD

Do you think it's too late to short Gold now?

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

Silver was quite bearish again too. I closed my short position and I will wait for a better signal.

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

It's testing the support at 1.5315, if it breaks out below that level it could continue falling to 1.5275.

EUR/AUD

Silver broke out above 17.40 and I opened another long position. It will likely reach 18.00.

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

Not only it closed there but there was a rally today too. It's currently testing the last high at 17.40 and it may break out above it.

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

Silver moved sharply to the downside today although it is now back above 16.90. Another move to the downside is quite likely.

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

Silver is testing the support at 16.90 again, the question is whether there will be a breakout or not. If there is, it could fall to 16.50.

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