i don't like the fact that ADX on daily is at 72. Normally the trend has exhausted itself if its above 65. Yes, it could rally to 1760 if it convincingly breaks out above 1740/43, but I think downside risk is more where it could pullback to 1690 ...

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

for gold, you're saying that the c wave might have ended. you have wave a from 1522-1662, b wave from 1662-1625, and c wave from 1625-1738. however your c wave is only 113 pts long, compared to wave a's length of 140. c waves are often longer than a ...

Perfect Wave - 2012-1/2

out of all longs @ 1700.5. Don't think mkt will go higher than 1720 in near future so getting out bfor mkt pulls back hard on me. can't get too greedy. i think mkt can pullback to 1610 area bfor making its way to 1760.

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

unbelievable rally. didn't think fed said anything different, but hey, i'm not complaining about the extra ticks. revised my target to 1708, will be out of all longs there.

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

this. there were many who were intent on shorting this mkt this morning, but i thought why fight the trend, i will keep buying till trend becomes bearish. lost some money getting stopped out at 1658, but entered long position again and made 3X as ...

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

sold 1/3 position at 1687.75, long from 1662.5 still long the rest, aiming for 1715.

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

copying from my post in another thread: i think wave 5 of wave A was over at 1522, assuming 1920 was end of wave 3. right now we're in wave B which could go as high as 1760 area. then wave c will break to new lows...maybe mid 1300's? then we'll have ...

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

i agree with your projections on gold, but im not sure your wavecounts match mine. i like to keep it simple, so i only use waves 1-5 and then abc. i think wave 5 of wave A was over at 1522, assuming 1920 was end of wave 3. right now we're in wave B ...

Perfect Wave - 2012-1/2

I'm not a gold bear, but this rising wedge makes me nervous. If we break 1648.5, 1613 is possible.

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

i dont think you saw my prev post, there was a reason i was short at the supply levels 1655-1660. i was only commenting on the news, i wasn't using the news to trade and hoping news are in my favor.

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

grrr, out @ 1657

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

crappy retail sales and claims numbers. hope dollar doesnt sell off too much oh wait, it's rallying for some reason and gold is selling off

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

short again @ 1655, sl=1659

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

covered at 1556.4, didn't like the bounce up from uptrendline

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

short @ 1556, sl=1559

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

yes divergence is the reason i took it off. we could go as high as 1743 and then 1756, but I will wait for pullback now.

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

out @ 1636.5, may buy it back lower.

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

changed my tgt to 1640. stop is 1617.5 for now, but will change as mkt keeps going in favor.

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

bot @ 1618, stop of 1613, aiming for 1635. prices broke out above downtrendline at 1617, so bot the pullback to the line.

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

see a POTENTIAL H+S pattern on H1, if neckline is broken then target is 1573. Don't try to predict the break though! Only trade if neckline is broken.

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