Hi all, I'm short at 1423. SL above the retracement res line at 1430 on H4. Demand for Gold and silver is high (and we all expect to see it move up but banks and paper assets are pushing it down. They need to buy at cheaper prices.

GOLD — Hi Guys, Hope you are keeping all well. I've been away from FF for a while. I have refocused my efforts on gold atm. Will be back when T. returns B.

Closed my shorts @ 1.226, waiting to reload higher. Gold reached a res at 1624, USDx needs to break 83.07 to resume uptrend. Looks like it's going to be very volatile today...

I'm calling it a day, closed all my S @ 1.228 It's ranging/consolidating now. I will look at Shorting from higher up (may be 1.234). Good evening to all

I agree with you Gator except she is on holidays atm. Any german at the government would do I guess

That's what she says

Definitely on the same page..

I'm in too @ 1.2299 all we need is a little word from Merkel to push this down

he wasn't in profit m8... otherwise he wouldn't be so irritated

sorry to hear that m8, must be quite frustrating. conference was planned, look at the calendar in forexfactory.

Thanks for the feedback, very helpful as always! I was a little bit worried about that, because if true, this may have given more backing to the upmove. I hope i won't miss my S entry...

Don't worry, you'll get another opportunity to short this (I cant believe this later move up - is the market really making that much of Nowotny and Draghi comment?). We have just retested the LTL formed by lows between 13/07 and 19/07. Given the ...

He he he, thanks for your answer PT, much appreciated. Keep us in the loop when you go short. if we get beyond 1.2, I have 1.232 -1.234 and then close to 1.24. I am still long 1.215 (small stake as countertrading), where I closed all my previous ...

What a short covering... it went far beyond what i was expecting in a single move and based on hot air (as usual). We've kissed the lower trendline (1.2294) made by the daily lows on the 13/07 to the 19/07... I wonder if we will break 1.23 or not. ...

mmh, you'll have a stronger resistance in the 2175 - 218 area (UTL - just to be safe), but looks like this spike up is running out of steam atm.

Good morning all, On break of 1.209, I have 1.2025 as next possible target. If we break 1.20, 1.18x is next in line. USDX seems to be targetting the 84 level atm. Hope you are all doing well. All the best

Daily LTL broken @ 1.2228!!!! Let see how deep we go I've been waiting for this all week long!

2230 broken Timber!!!!

Hi PT, Yes, I see no reason to do anything else but selling the rallies. Sorry I can't contribute much at the moment (too busy) but I always keep an eye on your excellent thread!

Hey Danc, EUR/USD is going up on the expectation of QE3 later on today. You probably meant strong support area for USDX. I'm also looking at a position to sell Euro/Usd. Expect a spike when Bernanke speaks but this should go down nicely today.