mohsinali replies to: XAU/USD & XAG/USD – Gold & Silver FX Traders Thread

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{quote} Well said, I agree with you almost perfectly. Use longer term fundamentals to restrict your trading choices and directions and a bit of technical analysis to choose when to make a move. Nothing wrong with taking time off from trading and right now. I am too worried to go long until the market for gold is firmer. That will change at some point but acting too early you will trap yourself.

one of the indicators to keep an eye on is the Japanese Yen Futures

if this start to strengthen AND we have weakness in the US Dollar (therefore we watch USD/JPY), it would be an indication that XAUUSD is going to turn

so far, nothing actionable, but a potential setup is in the works

J7 H4

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90% of people, are wrong about 90% of everything, 90% of the time…

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