I think longer term we will go higher than 2000 (it will be very long time investment) Short term I think channel will hold and and we will go higher from bottom to at least middle of the channel 1440-1450

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

Maybe some people are profitable with hedging strategies. I have not seen any. And I would not recommend it.

Multiple orders (hedging) on the same currency?

Might go long from 1407 - 1400 zone.

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

Month-end USD demand was tipped in advance of today's moves.Speculation of potential USD demand likely to grow after sell-off. Watching price action on 1.3240 and 1.3200

EURUSD

PM

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

My gold chart for today. Expecting a retracement before next leg higher.

Only Gold!

Gold managed to break through 1423 resistance level today. Next level to watch is 1.1440. I think we will retrace a bit before next move higher.

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

Daily momentum remains positive. However it is off its highest readings and it helps bears. Positive momentum calls for an element of caution anyway.

EURUSD

Usually from 5-15 timeframe and not looking to get 50-100 pips. Sometimes 1hr also if there is a small resistance zone that I can place my stop near my entry.

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

Basic candle reversal signals on lower timeframes.

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

1423 level breached

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

I don`t watch overbought | oversold indicators as those are lagging.

Only Gold!

I am taking around 15-30 trades per month.

How often do u trade?

Pullback has so far been very mild - bears not getting much traction.Higher highs / higher lows still visible on daily chart. My bias is slightly to the upside.

EURUSD

Central banks buying again (The central banks of Russia, Azerbaijan and Kazakhstan returned to the gold market once again in July, topping up their stockpiles of the precious metal as prices traded near three-year lows.) + developments in Syria give ...

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

Central banks buying again (The central banks of Russia, Azerbaijan and Kazakhstan returned to the gold market once again in July, topping up their stockpiles of the precious metal as prices traded near three-year lows.) + developments in Syria give ...

Only Gold!

I would not move to live unless you have had at least some periods where you are profitable.

Traded three years - Not profitable

One thing what helps me is that I draw my support and resistance lines from higher timeframes (4hr and daily)

How difficult is it to find an effective daytrading method?

My chart for EURUSD

EURUSD

My bias is to the upside. Looking to go long from 1383-1380 area.

Only Gold!