Preferences, my young kung fu panda... preferences. At least there were no bear traps in XAU.

I don't think it matters man. I think its his right not to share.

There you go.

i guess nobody wants to trade this.

That's on the H4, its a different strategy when you are in M5 or H1. This particular trade is for M5 and H1. Notice how it corrected itself after the hour past the news.

[quote=Dr.Zain;6093657] Well, from what i can see, there's a bearish divergence, overbought RSI, and alot of angry bears waiting at 1772.93.

Lots of angry bears.

Not really, it's just technically re-arranging the charts. Last night's crude oil was good news, and gold went down. On the other hand, there was a harmonic pattern as well, so i guess a number of traders are looking at that position to sell.

Not necessarily. Did you notice that whenever USD has good news, it still go against USD, but when USD has bad news, it also goes against USD?

It shot straight up, it was a bear trap.

It should be, but it seems that USD is being bullied by other currencies.

@Gold-god: Hold buy position in which market price? 1950?

If i'm not mistaken, i did say it has no impact on GOLD. I don't trade Silver. Kudos to you for observing silver reaction with AU.

One of my guess would be Eur banks.

Eur won't make it easy for us.

Finally..

Market doesn't know how to react.

Cad news effect oil as well.

@longorshort: not really sure, but yesterday and today's bad news for AUD didn't really affect XAU/USD. Ended up as doji.

Tmrw is good news for AUD, do you think Actual will be better than forecast, or worse? with the economy of AUD falling and all.