XAU/EUR — Interesting to see XAU/EUR's currenct juncture... Daily Chart - Just broken multi-month consol. 4Hr - Continuation H & S with strong convergence Strong possibility that this technical break could assist in the break of XAU/USD's ...

Time will tell....but it's classic textbook divergence.

Also, from the past 1.5 years, every time we have seen daliy divergence on MACD, we have seen a substantial rally.

Quite possibly, but only if we see a reversal off the current channel ceiling and Fibo and close below MA. What gives confidence at this stage is the amount of buying and the momentum behind this impulse. So if we see a false break, I would suggest ...

Just saying that there are a lot of ST traders wanting to make their bread and butter regardless of whats happening, therefore they will be shorting about here, regardless of the reversal signals... But insto and crowd sentiment from here are to the ...

Hi Richard...thats true, but usually when you see mad swings, it is simplya price war over a certain level... For eg, the first circle below from yesterday, indicates a huge fuss over 2838.... then once the bulls won, and price returned to that ...

Well, it might stop for a short breather at 2945...but after a possible pullback during the US session, it should continue on up..

Short -term traders will short right about now for a move back to 2880 or 2830, but over the next week this will continue to rise up to 3030, then 3210... I would not recommend shorting, as many shorts will be getting covered over the next 3 - 5 ...

Be careful...Look at my chart below, once that green line breaks, it will go until 3030...

LOL!!!...you might be right too KW!

Firstly.. this is a major cycle low of 22 weeks Secondly..the majority of retails traders are all short while the instos have all switched to net long in the last week...thus, retailers are being forced to begin to cover. Thirdly...major channel, ...

It spite of all the selling, still pushing higher...

That last big spike suggests a lot of peopple trying to get the break.....

Hi Nachiket... Remember that the US market hasnt opened yet... a number of these are investment banks and hedge funds that dont always use stops, but when they see a break and close above a Huge key level, there will cover then. All those short on ...

Today could be the day that tells... — As Im preparing to write, looks like the charts have beaten me, but if we get followthru above 2880, Its looks like there could be a huge short covering rally as this market is already ultrashort ...

Selling?? — Its interesting to see that many people are considering selling at this stage... ..........Lets see: 1) The LT fundamentals are positive, 2) we have just bounced from major weekly and daily resistance, 3) central banks are ...

Hi all....added to my long position again this morning as below for the obvious breakout.

Sure do...Could send you a bundle examples if required.

Help for new traders... — I dont know how many traders are struggling out there, but here is a strategy I have found extremely helpful... Trading breaks above small bullish bars into the 21EMA with a stop below the bar. This allows minimal ...

Hi all, some interesting analsis on EUR....could be a major turning point either right now or very soon.... Cycle low as well as break of multi-week DT. Overall pattern is a LT compression.... Any comments?