Does any one have experience in forming a picture of gold movements based on COT figures? I was reading this article where the writer says: "The COT chart below shows that Commercial short and Large Spec long positions have dropped to their lowest ...

Was a bit worried about the market in recent days so I had no positions heading into the NFP. Piled in longs on the NFP and managed to get in at 1559 and left at 1575. I set first short at 1580 (based on day range) and that got filled. News seems to ...

Outside day up but only just. Two tests of 18DMA today and monday and no particular news. Coming up to Easter Holidays. Expecting no particular direction until next week.

Ratio means a comparison of the two - gold/silver. Since gold is first in pair, if the ratio goes up, means u need more ounces of silver to buy gold. It doesn't mean both go up or down although they could. It is possible for the ratio to go up if ...

Having problems posting the chart

Cup and Handle, limit normally is 50% of the top and bottom of cup giving about 1658

MUMBAI (Reuters) - Gold demand in India, the world's biggest buyer of the precious metal, remained robust for a second straight day on Tuesday as prices dropped to their lowest in a week, enticing buyers ahead of the peak festive season. url

Hi Xtrade. is the cup using 29FEB high to 16MAY low? I read that a handle is normally no more than half the cup which puts it at 1658.2 and takes 4 weeks to form. Is that what you are seeing?

With daily action in tight range over the past weeks you can see that the BBs have really narrowed. Therefore the fact that PA touched the BB is not significant. The way I read it, pressure is building in this mkt and it could move big and fast once ...

<DIV style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; BACKGROUND-COLOR: #ffffff; COLOR: #000000; OVERFLOW: hidden; BORDER-TOP: medium none; BORDER-RIGHT: medium none; TEXT-DECORATION: none">Philly Fed's Plosser opposes ...

Best Wishes to Xtrade. The Sto on the daily is turning over now. I am looking to buy at 1743 which is 61.8% fib retracement from recent high to the low of 13SEP12. 1743 is also near the 18DMA currently at 1739. Expecting a stop-hunting expedition ...

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[QUOTE=XTrade;5995668]OK ------I am going to ASSUME that most of the posters here WENT SHORT before the news anticipating A. A positive outcome B. A retracement I could not be at the computer at NFP time so i closed all new longs at 1695 and played ...

1665 reached at last. Scaling in. Just managed to avoid an outside day down.

I'm bullish but short into the weekend (looking at first chart, short 1671, then 1674, as PA hit the two sloping downtrend lines). I am looking for only 1665 (half distance to a retest of the downward sloping trend line at about 1659) after which i ...

Hi XTrade, Have you been able to save your indies on Netdania? I am having to re-enter all the studies and lines everytime after leaving the website.

WASHINGTON (MarketWatch) - Construction on new U.S. homes in June rose 6.9% to an annual rate of 760,000, the highest level since October 2008 url

Thanks. $15 reversal with reversals seen on AUD, CAD, GBP, EUR.

Outside day down. Ugly. I guess mkt was expecting something specific from Bernanke this time round. Perhaps they dont want to get commited ahead of the NOV elections. Does anyone know when Jackson Hole is?

Over 20,000 posts - another landmark XTrade! Thats another reason XAU should go up.