For those who believe gold has gone up too fast....currently 20% up in 6 weeks. Look at these charts...just a few examples I have shown. The last one is the best!

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

OMG 1776 . Resistance 1791-92 ... what can I do about it? ..Nothing ok its 1780 by the time I pressed submit

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

LOL! PS- love your signature EDIT: I am seeing different price on different platform. Spot gold in meta at 1667, aug future at 1688 ..ig shows me 1686

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

$1696.4

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

Seems like Japan and Europe are looking for some intervention to calm fears. Not sure about this news but what the hell! No free lunch is what we knew and no more free markets is what will happen now

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

Eurousd up 125 pips...!! Sorry if irrelevant but I just cant wait for the gold open

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

according to the indian market trading on gold today , spot gold would open 20-30$ higher monday..!!

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

S&P downgrades US to AA+ finally. Seems like it will be a negative start for the stocks, positive for dollar against low yielding currencies and negative against high yielding like CHF. Gold should be heading towards 1720 according to the patterns I ...

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

The numbers came out good lol. Seems like it will remain sideways for some time before moving in one direction.

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

Well this did happen ultimately..for a single day. Short term markets flows. Long term trend is not violated until 1480.

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

Missed out on both the buys. I am waiting for some consolidation here but it seems unlikely given NFP. If there is a better jobs report I might get to buy at 1640 (triple bottom) or 1630-35 area. Will see about that. I am looking at 1676 to be ...

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

haha true but I'm not as good as you

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

I use cycle analysis to know when to stop taking longer term trades in the same direction. Currently cycle analysis would suggest Gold not breaking 1639 until at the least 3am GMT. In the medium term the high 1681.xx would not be exceeded for the ...

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

Here is the chart. If you follow the candlesticks breakout pattern then the target would have been 1688. For me the first target (green) was 1678ish and second (red) was 1681.60. Chart 2: My short term buy targets with TP about 10-15$ for the ...

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

Gosh! I din't know it was this strong lol. Did not make a penny on that resistance observation though. I lack the much needed confidence I believe. Just surviving the markets these days with very minor profits and Im scared I might lose them if I am ...

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

1681-1688 would be a strong resistance band . Reason: Consolidation break out targets.

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

Beeb I would love your comment on my chart. I know its upto an individual how to trade the fork but how would you place your positions based on this. On the first page there is a mention of your technique for forks. So should I understand from there ...

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

Thanks for the replies Xtrade and beeb. I understand the prospects for Gold to go up due to the fundamentals. Also, the cycles are getting shorter now and moves are getting sharper. This is a symptom of market going parabolic isn't it? I would bet ...

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

You were perfectly right here. It did move down but just $4 or something. Counter-trend trades are more stressful and short lived. Wonder how you can maintain a constant look on the trend. Every time Gold moves too much on one side I start looking ...

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

News wire: 1. White House says Obama to make a statement about the debt bill 1215 ET 2. White House says Obama statement to take place after US Senate vote on debt and deficit bill Could shake the markets a bit before coming back to the same point.

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