personally I prefer that fork on a mod schiff or even taking the B from the previous peak on an unmod schiff..... i also think 1395 is a VERY long way away and that there are a number of supports before we get there..... beeb

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

In general terms the three points of a fork should be a swing high(or low) and then next alternate low and high (or vice versa) Forks work on any timeframe from monthly to 1 minute - that's the science. The art comes in choosing the right ones and ...

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

i'm glad you understand....however if gold is massively bought in non-dollar currencies it will by the laws of supply and demand also increase in dollars....look back at the charts, it is by no means a perfect correlation.. beeb

Let's talk about gold - XAUUSD

check the rsi levels against dips.... beeb

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

Sorry - you have accumulated other people's shorts ie you are long or you have accumulated your own shorts so that you're short? beeb

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

agree beeb

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

or maybe there's something nefarious afoot...lol beeb

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

you don't honestly think the individuals here make any impression on the institutions that run the market.......

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

Just think how well these folks would do if they used all the time and effort that they spend going against the trend, actually trading WITH the trend,,,,lol beeb

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

tg? beeb

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

thanks - but as stated above i don't give much credence to ew....after the lord mayor's show imho beeb

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

OK well I don't think it's very difficult to find lines of support above the "20 - ish" level - and that's done in a couple of minutes - superimposed on a Daily fork which seems to have some validity: url A number of people here would probably ...

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

excellent, very amusing.... technical analysis or fairy story? beeb

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

sorry longshot - i don't like ew at all as i can see no valid predictability from it and it is too adjustable after the event imho....but always willing to have my mind changed... beeb

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

Being "critical" that would make it action/reaction lines......Perfectly valid of course and arguably a primitive form of fork... Use whatever works for you - there are no prizes for anything other than profitability..... beeb

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

Here you go Mitch...... url Original fork in black. It started to fall out of the LP but is well within the WL. I also drew in an unmodified schiff (yellow) from the same coords which I'm keeping an eye on... beeb

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

a word of caution - the dollar and gold don't always act in opposite directions....remember that entities/individuals outside the US could move TO gold as a hedge if they see their currencies declining in the face of a strong dollar, as happened a ...

Let's talk about gold - XAUUSD

Glad it's working for you Mitch..... IMO best place is: url I also linked a while back to a free intro video.... beeb

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

GC 5min fork been behaving extremely well today..... beeb

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

url

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