here's the charts to show why I took the trade. the H1 chart is when i actually took the trade. H4 is just showing the divergence and resistance line.

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

Sorry Xman, don't agree with the lucky part, sold last night at 1786, MA's had crossed on 4hr and then price came back up to touch resistance, plus Macd divergence. I put TP at 1766 but ended up taking profit around 1772 just to see the bottom drop ...

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

Trends — This is not directed at any one in particular - I see a lot of people in here looking at lower timeframes and Xtrade is consistently preaching the values of looking at higher timeframes. From a statistical point of view, you have to ...

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

I see 73 trying to act as a floor but i wont be surprised to see 65 or even test 62 where it broke out from.

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

try this

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

Looking for short? I just don't get that. You said yourself... 89, 1821, 1853. You are truly a contrarian or you just like pain.

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

url

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

you can do one of 2 things. 1. wait for price to break from 1763 and come down and retest. If that level holds and you see price moving up, add to your longs and set your stop slightly below the last lowest price (plus your spread). The problem with ...

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

I can see what you are trying to do and I know you've done it before, you have posted it. For me if I was trying to scalp on the short side, I would have sold from around 57 and TP @ 50 as the S/R lies at 1760 and 1747. I like to trade within the ...

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

I agree with your 1761 breakout trade but not with your 1749 sell. Price broke out from 1749 yesterday, and it makes sense in the uptrend to go back and retest that level. just my opinion. I have a pending buy open at 1748, SL 1738.

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

What the future holds — Looking at the kitco historical charts got me thinkin. If Gold continues on this incline, where will it take us? The price swings are going to be enormous in the next couple of years if this is even close to being ...

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

looking at this chart we are at a similar point to Feb09. If the uptrends continues at the same pace, then we would double the current level by Aug2014.

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

I think you are implying that gold is looking to be in a downtrend by drawing lines, but the lines can be drawn opposite. which is more meaningful?

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

We shall see, after it hit 1705 again it's looking bullish. There is a confluence of S&R and also overlapping fibs at that level.

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

Nice 4hr Pin!!!!

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

url quotes "Debkafile reports that India (and probably China) will pay for Iranian oil in gold." what is this going to do?

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

More shorter term...On H1, I see 1724 flipped from resistance to support.

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

sorry it took so long... url

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

Hunch — We know that the margins were DECREASED on gold and silver which will happen at COB monday. My hunch is that the players are pushing down the price, getting rid of their larger margin positions, only to buy it back in the next couple ...

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

observation — we have a pretty clear triangle formed now. currently at the bottom but it looks like today may have given a clue to the direction of the break... watch these lines.

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