harvest Oh dear......I'm happy to tell you what I'm doing and what I think but I wouldn't want to tell you what to do........So please make up your own mind FWIW I think 31.80 is a very important level - and not only because of the abcd I posted. ...

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

Anyway here's the 20min GC fork I'm trading - and I don't see a short at the moment.........

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

I turned off TV financial news a decade ago and haven't regretted it at all lol.... I don't know what timescale you trade on - I certainly wouldn't be looking to short pm's on anything longer than a 10min or 20min chart in the current uptrend - in ...

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

i'm not joking harvest - i think you're very brave.... beeb

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

Wow - lot of brave people here shorting markets in uptrends....... FWIW I'm watching initial GC support around 1384 and then 1376 and would like to see 1392 taken out. Still anticipating resistance and poss reaction around 1396. SI still near the ...

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

Fantastic day for longs...... Anticipating there might be a SI reaction from the P shown in the earlier chart - it stopped on the nose..... GC was lagging today - need to take out 1389 (a bit higher than earlier suggestion because time is passing) ...

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

GC 20min and SI 240 min

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

looking to see the GC 1387 area to be taken out without too much reaction..... SI anticipating resistance around 31.80..... beeb

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

harvest3r you may find this interesting - i did the free trial a couple of years ago and found it unhelpful as I thought he was always right AFTER the event..... url DISCLOSURE: no connection etc etc beeb

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

url

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

It's an interesting point but I must admit I don't put too much credence in the "fractal" view of markets... I find the reaction off the 150 day MA since early 2009 far more convincing for the bullish view....... beeb

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

I think you're right there lilpip - I find silver is just nuts to trade, but definitely one to accumulate......

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

Well there's always another trade out there...... Here's one of the things I'm looking at. 20min GC Modified Schiff from Jan 27 low......the Median Line and the Lower Parallel holding price for the moment.... beeb

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

The problem with Bollinger Bands is that they can quite easily do what they did in early August on your chart.......I would beware looking at them in isolation.... beeb

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

well said harvest - and you do have a reason for your trading.... many here imho seem to have no insight into what they are doing and would be better giving their money to professionals to manage for them. as i said an unsupported assertion is no ...

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

highlander - 1368 and 1381 are the levels I'm watching today on GC - just seen a bounce from the former.....Those are off Andrew's forks... beeb

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

Xtrade - I was referring to the Moving Average not the Exponential..... beeb

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

it's also the 50MA

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

harvest3r Thanks for that it makes sense.....I'm new to these boards and there seems to be a lot of confusion with people saying "I'm bullish" or "I'm bearish" without giving timeframes or reasons......Unsupported assertion might as well be the toss ...

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

harvest3r If you don't mind me asking, how does your "long gold" from 1372 sit with your "short silver" from 30.77 from yesterday? are you seeing a divergence or are they different timeframes or something? thanks beeb

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