re-entered at 1598.50 - first target 1605.61.

All Majors and Gold

Stopped out for zero loss - still think there is a case for the bulls and will re-enter.

All Majors and Gold

I think Gold will break past 1600 - and I'm thinking this same seller will be revisiting shortly afterwards - possibly 1602 to 1605. I think I'll close my long in this range - otherwise SL set to break even. I'm considering another mini short at ...

All Majors and Gold

I can see first resistance at 1605.61 on the H1 chart.

All Majors and Gold

Oh GOLD has wings! Let's see if we can hit 1624.17. My mini long is showing a mini profit, can't complain

All Majors and Gold

hmm yes, there's been a persistent stream of buying since 1596.20, we could see a breakout to the upside.

All Majors and Gold

Hi gnomoneey, I've been trading fx since 2004 and Gold/Silver for 4 years. I keep my eye on the S&P also. More recently, I've been focussing on Gold, I think there will be a lot of drama ahead, in both directions. I'm a completely self-taught trader ...

All Majors and Gold

Interesting point about the single volume prints. Longer term, I do think GOLD will eventually sky rocket past those upper single volume prints to levels we have never seen before, in terms of price I'm thinking $3000, $4000 per ounce and beyond. ...

All Majors and Gold

Here's my chart, outlining the two possible scenarios - although they could both play out. Please feel free to comment, give feedback (+ve and -ve) and make suggestions etc. image

All Majors and Gold

Can't resist, long @1598 targets 1616.50 and 1624.17 - a very small order with a tiny loss if it doesn't work out.

All Majors and Gold

Nice. I personally think the corrective rally from 1561.34 has ended or is about to end (wave C in my analysis). The final upward target that GOLD could reach for is around 1624.17 (before turning down)- funnily enough that is approx. where the 50 ...

All Majors and Gold

Can definitely see either of these setups - got a funny feeling that a spike to 1625/6/7 ish might just play out - not necessarily today though. Although, from here I can also see, potentially, a very very heavy drop possibly to lower than 1527. ...

All Majors and Gold

Locked in profits. Bernanke and King could cause the markets to spike, I'm thinking the 50 day mva is a hot target so have a short order just below. If GOLD does spike to 1626/27 I think we could come down from there pretty sharpish. Failing the ...

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

GOLD shorts from 1609 still in play, we could get a mini bounce back to 1595-1600, other than that the only support I can see is way down below at around 1581 and 1558.

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

I can see resistance at 1624 on the 4H GOLD chart. GOLD might try to throw itself over this level, in which case it looks like it will drop soon afterwards. If it doesn't hit 1624 i.e. undershoots, it could drop heavily very quickly. Tentatively ...

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

GOLD is not too far from the 50 day mva so I think it might try to reach for that level. However, it will have to overcome 1624.48 first though, which I think is a near term target. If it spikes past 1624, I'm inclined to think it will drop back ...

All Majors and Gold