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What is the action now in XAUUSD? 25 replies
Gold, is it right time to buy? 9 replies
Oanda now offers Gold and Silver 6 replies
DislikedRight now when I see weekly chart, I see Gold made a spinning top. Indicates some confusion after the rally. A break either side of last week's high or lows would trigger an important move!Ignored
DislikedRight now, it appears that what happened on Friday was a solid round of selling (consistent with a range top). More selling today looks like the final round of longs stopping out. Buying is no where to be seen, from this view point (daily). I am becoming bearish (right now). {image} I have set two limit orders to see if price will retest this same area, and I suspect there are more sellers (like me) waiting. I'll keep stops rather close, because if a buying break out does occur, I don't want to expose much of my account to the volatility that will...Ignored