you can always try looking at shorter timeframes to give you a clue to longer timeframes...... here's 5min GC - more for watching than trading IMO url beeb

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

If anyone's interested here's the fork I referred to in message #6682 url It's an unmodified schiff from the late Jan low - was watching it because of the two touches circled on the ML - the bounce happened at 1471.2 rather than the 1472 ...

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

Moral here - never throw an old chart away. Do you remember this GC240 which caught the NFP spike (circled) ages ago? Worth watching I think..... beeb

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

imho you need to consider editing out the word "gold"....lol beeb

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

i don't know what else you want to call it unless you are trying to say that the commodity bull is finished? beeb

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

sorry - bit busy LP is untested - currently about 1472....no guarantees in this market lol.. possibly have daily support off sp at similar level care needed as feel market may be prone to a spike beeb

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

it's an unmod schiff - have also changed the upfork to unmod.....

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

sounds like you spent a little too long at the 19th hole lol.....glad it worked out for you i once managed to go long cable instead of gold - given that i normally scalp gold many times larger than my normal cable position i had a worrying few ...

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

It's a harsh lesson but as I have stated here before - the market can stay "wrong" longer than you can stay solvent.........You have to learn to put preconceptions aside and just look at price... beeb

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

Sorry to hear that Mitch If it's any consolation, silver is a really difficult vehicle to trade.... My advice is to go away and learn as much as you possibly can about the markets that interest you. Don't get taken in by "get rich quick" schemes ...

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

Lot of good stuff on zerohedge today - imho.... url beeb

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

depends what happens at support levels - will prob do a bit of both and look to reload on a bounce.. beeb

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

i took the swissie this morning - middle of the night your time i guess... beeb

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

similar set up on my 240min GC: url beeb

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

you're welcome i try to avoid the need for luck....lol but i take the sentiment in the manner it was intended beeb

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

just for you mitch ...GC20 mod schiff beeb

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

mitch the moves on the 240min are too small at the moment - it needs to exceed 1520 to prove anything........ on a 20 min that i'm watching it's doing exactly as expected....getting above and remaining above 1502 would be a good start... 1484 ish is ...

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

easier to see on a 20min url beeb

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

critical area for silver - if you put in an upfork you'll see we're just above LP beeb

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

Just to expand a wee bit on what six gun has said about forks.... Remember that they are NOT inviolate - they are very powerful trading tools that can indicate likely areas of support and resistance. If price hits a lower parallel it is not certain ...

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