US Gold has finally broken the downward RSI line and is now butting up against the 61.8% retracement... image ...but Gold in Euros is still in a downtrend topped by the 50 DMA with fractal RSI also in a downtrend... image ...so more cautious ...

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

Tsar, I appreciate the effort, but this is a discussion forum, not a news feed. Your personal comments about how you believe each article is relevant to GBP/USD and EUR/USD with just a link to the articles would be far more useful than overwhelming ...

GBP/USD and EUR/USD

Don't you take the weekends off?

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

I'm long CAD, but against AUD, not USD as the CAD is too easily influenced by USD data. If it continues to conform to the descending wedge it has been in since the beginning of March AUD/CAD should fall to 0.99. This pair tends to peak when RSI hits ...

Simple Money Making Method

The bull or bear bias is relative to your investment time frame. If you're scalping or day-trading, your bias will obviously change much more frequenly than someone who, for example, got in long at $1685 and intends to hold until the top of the next ...

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

The silver chart is decidedly less worrisome than the gold chart at the moment and is the only reason I've held onto my Dec GC long for so long. If the silver price falters as well I'm either exiting or going short.

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

You already know your charts are appreciated from past comments, and I'm grateful for the fact that, for the most part, people only post when they have something constructive to add to this thread; otherwise this would quickly deteriorate to being ...

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

When looking at technical patterns, if it only sort-of looks like something, it isn't, and calling that a head and shoulders pattern is quite a stretch.

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

Do you mean #21,513 or are you referencing a future post?

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

As far as I'm concerned, all bets are off while all the stock markets continue to fall with no loss of momentum; hopefully targeting no lower than the June lows. Once gold broke below $1720 I became rather concerned for near-term gold and silver ...

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

I was doing some calculations, and I think if EUR/JPY (which I'm short on) breaks below 100 (currently at 101) it could fall to 95 at about the same rate as Dec GC (which I've re-entered long) returns to $1800. This works out to roughly $1.87 per ...

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

If we could still title our replies I'd call this one "Confessions of a sleep deprivation addict." I went without sleep for 40 hours and made a right mess of it. I went short from $1721 worrying about falling markets (which they did, but not nearly ...

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

The Dow and Nasdaq fell through their 200 DMAs and stopped with their RSIs just touching their respective long-term support lines yesterday and I'm concerned that panic selling will ensue if those lines are crossed so I decided I'd better prepare to ...

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

I've never heard Andrews Pitchforks referred to as median lines before.

Davit's Confluence Trading

Like any commodity, the least important factor in its price is the production cost. For example, diamonds have an average production cost for a cut and polished diamond of $135/carat, yet the average price per carat is over $2000 despite diamond ...

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

Virtually every market (stocks, futures, Forex) have reversed the gains or losses they made yesterday (election anxiety?), though if you consider the low of $1672.50 Monday, we're up a full $40 from that point as I write this with gold at $1712.50. ...

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

I went long when we broke above $1685ish and went to my normal full position when it broke $1701 ...then screwed up and placed an order that exited my position instead of doubling it when it bounced at $1706 while I was asleep. That was quite an ...

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

There was no spike on USD spot, Dec GC, or Dec MGC ...your broker is playing games.

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

I haven't been doing much trading this week, primarily because this week has been such a mess. I'm still short Dec GC (gold futures) with a reversal target of $1670 ($1666 is the 50% Fibonacci/200 DMA) and a simple stop at $1685 in which case I'll ...

Davit's Confluence Trading