Time to sell? Look at dollar

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

Taking profit 1299, wait for next setup

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

Going long at 1295 due to oversold (H1) and usdjpy made a new low. As long as gold stays above daily support around 1292 Im buying. Just scalping, no idea about direction lol.

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

Yes, looks like it's breaking the bearish channel on H4 but if you look left at D1 chart the 1305-ish level also looks like broken support, now resistance. Im 51% bearish with short scalp @ 1305 hoping for 1300 (top of the H4 channel)

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

Weekly have up trend line coming in around 1285 and a 61.8% retracement at 1286 so this is an interesting level. Im going for a scalp long, fingers crossed hehe.

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

Short scalp @ 1347, getting late in the us session so hoping for a few $'s down

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

Talking about time, I like to go against the intraday direction exactly 1.5 hours before the us session closing. 1335 that is.

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

pause, or eaten by bigger fish

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

Trying a long scalp @ 1338. Fibo support, oversold and daily support in this area.

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

Im going to wait for the first 30-60 mins in the us session before I do anything...stupid Just thinking out loud but maybe (based on fibonacci levels and bad skills): 1 - down to 1337 and then up 2 - up to 1357 and then down 3 - the ...

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

Calendar says FOMC in 30 mins, not sure what to expect.

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

Going short 1341/42. Gold is overbought on H1 and is just above a down trend line on H4 (will it hold?), so expecting a little pullback (at this time of the day) before it goes up or down

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

One buy position @ 1325 and one buy limit @ 1321. Looks oversold.

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

I chickened out my shorts at 1341 May the force be with you

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

Gold currently sits right on the 61.8% retracement on H4, and there's a double top. So very tempting to sell (well, I just did hehe). But if I where them I would make a spike above the yesterdays top up to around 1347/48 or more and then make a big ...

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

There is often a sudden pullback and then reversal (like today) 30 mins into the us session. Usually around 61.8% against the recent top (same day or day before) on H1. DXY made a new high, so gold could keep downwards, maybe. I have support 1329, ...

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

Have short at 1338 (50% retracement) and a final sell limit 1342 (61.8% retracement on H4). DXY bounced 3 hours ago, lets see if gold will follow and drop a few $'s..and correlate

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

Also shorted 1335, but news coming up in about 15 mins

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

It could be double top on dollar (DXY), but too early to say. Btw, is today the last day of the week/month?

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

Starting to look like dollar is forming a double top on H1, not good sign for gold short.

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