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

Major resistance hit. 18.00 possible.

Pull-back to 1346.?????

Yes. Why not?

I reckon we hit higher lows and higher highs. Let's see... If we get over 21.21 or so I reckon we head up to 23 from there.

I have longs on Gold, it broke above the previous high and its next target is likely $1,390, maybe even $1,400.

for me the next strong resistance for gold is around 1408-1415, and I think it is going there. Probably by the end of the month

I agreed. My target is 1405

Gold made a high around the 1375 level and stops momentarily, but it may continue higher, especially if risk aversion continues in the markets. The first support could be the 1358 level.

Hi guys , I am new on this thread, I start trading forex 8 years earlier, first 4 years I trade Eur, Gbp, chf and than I stop trading currencies and turn in my self only to gold and silver trade and my preference is always gold as silver is also good but give high profit and high loss too. So best I think is GOLD. GOLD as to my experience move up/down with eur and gbp means we can depend on fundamental news of eur and gbp but thing are now change after UK Referendum Gold either is moving independently up/down or moving up/down with chf (but this is not confirm) so I am so much confused and now a days only have to depend on my indicators, so any of you or all of you can guide me if understand what is best way these days to trade GOLD. I was earning minimum $ 100 to $ 1000 daily as I am so much afraid now my earning come down to $ 10 to $ 200 daily as of afraid I am not placing much orders, I place only 1 / 2 orders at a time wait for clear those than place next orders, all order I am mostly placing depend on my indicators.

Ill take my chance on long here at 1352. Maybe we are going up again.

Looking bearish. Time to short again. TP 1345.

Rejected at 1375. Book my profit now and short target 1340. SL 1265

Balance is long in gold. On yesterday provocation some buyer have took many volume for protect before zone - it is cool for long dynamic. I'm waiting new maximum today. But very important!- price have to go today and be closed above 1370 today, if gold will back inside before range it broke all long plan

Silver is ugly today.

XAUUSD, 08 July 2016
Analyze at London Session
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Just slaughtering a few bulls on the way back to 18.70

I closed half at break even and have another half left that is at a loss now. Will wait and buy after next drop to add to my position and bring down my average cost.

heading there now.

After that rocky ride Silver is green again. I take it there is a surprise for the markets next week. When Silver dropped it was bought up really fast this time. Unless you had set buy orders you could not even execute the buy orders in time manually as they bounced back very fast on that last drop.

I am considering opening a long position for Silver, but at the moment it's clearly too late for that. I'll likely wait until next week and for a breakout above 20.00.