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Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XAU/USD & XAG/USD - Gold & Silver Traders Thread

Quoting EventsTrader
{quote} Very interesting. The spread usually sways me away from this pair. But twice the gains? Good info auricforecas! {quote} It's been a roller coaster. Here's my view on gold. The fundamental drivers were dragging prices down, then BOOM! The tariff delays were announced. The 1500 level was breached but it's clear that there's enough support there that it quickly came back above that support. Now I think we are at a crossroads with gold and which direction it's going to take. It's probably going to depend on risk sentiment. China came...
Tnx man.. Yeah, mine primary focus is not the spread etc.. because if we get the other parameters right, I am sure we can get some broke or even individual deal/quotation for the spreads also This has to be researched of course, but only if the further research/history will show the benefit of XAU/EUR vs. XAU/USD...
It has so far, at least for the last months that I've been tracking it.. As for twice the gains... it is because of the correction.. but we see that the gold got away so much better against the EUR than to USD..

See here.. https://www.tradingview.com/symbols/XAUUSD/
I dont know if you see the same times.. or the website corrects the timezones dependin on your GEO IP, but here it goes...
opening (from the chart/link above) 12AUG19 00:00 1,499.99 (reference price), PEAK today 1,532.74 (+2,18%), price NOW (after correction or "mini-crash"): 1,501.81 (+0,12%).

And here... https://www.tradingview.com/symbols/XAUEUR/
12AUG19 00:00 (reference price) 1,338.71, PEAK today 1,368.25 (+2,20%), price NOW (after correction or "mini-crash") 1,344.17 (+0,40%).

Hope I got it correctly.. Do you see? Might not be much difference at peak, but seems much better to have in xau/eur, assuming (slow) eurusd downtrend, that is happening atm.. for quite some time
Can you afford to take that chance?
EUR/USD - LIVE (burner sample) TP20SL20 Return This Year: 212.1%
Quoting Marcieny
{quote} it depends a lot .. but I am eyeing a possible swing in this pair .. with small lots, because all pairs with Gold wow are very volatile ... and Aud may present me a valuation in the coming days...but I'm eyeing sales in that pair.
Nice! Please keep us posted... I am closing in the decision on the XAU/EUR TE... because eurusd (if any) pair seems to be my speciality...
If you have a clue on AUD, that might be even better... I myself prefer to stick to eur/usd related trades for the reason I mentioned. But I do suspect that there are many opportunities in other currencies that might be overlooked.
Can you afford to take that chance?
EUR/USD - LIVE (burner sample) TP20SL20 Return This Year: 212.1%
Quoting EventsTrader
{quote} Very interesting. The spread usually sways me away from this pair. But twice the gains? Good info auricforecas! {quote} It's been a roller coaster. Here's my view on gold. The fundamental drivers were dragging prices down, then BOOM! The tariff delays were announced. The 1500 level was breached but it's clear that there's enough support there that it quickly came back above that support. Now I think we are at a crossroads with gold and which direction it's going to take. It's probably going to depend on risk sentiment. China came...
Very well said
I also think we are still standing in between of both directions. However if US is calm I think China will not go for any confrontation which reduces risk and supports fundamentals.
This may be my own sentiments towards south movement
Gold good morning... MM took full advantage of the USD news... but don't be fooled - there is a lot of cheap money out there. Global economic slow down!
Attached Image
We err, and err, and err again, but less.
Morning guys....

H4 bulls turned up to the party following the selloff...
D1 still bullish...
H1 has flipped bearish again so for now will begin selling any rally into h1 sell zone so long as 1514.9 holds as resistance

Zones.
H1:sell(1502-1505)
D1:buy 1470.48

Will ignore H4 buy zone for now will sell h1 zone and target toward daily buy zone.


Levels

Upside;
1515
1522
1530

Downside;
1484.3
1478
1463


Pending orders;
Sell limit
1st 1505
2nd 1514
SL 1523
Will split the orders half normal lot size as splitting allocation on two trades.

Buy limit.
1460
SL 1445

Trade safe, trade smart....

Original outlook here....
https://www.metalsmine.com/showthrea...7#post12440367
A bit quiet today huh! We need a Trump.a.gram to stir things up a bit.
From tiny pips mighty oaks grow
Quoting Boo15
A bit quiet today huh! We need a Trump.a.gram to stir things up a bit.
Quoting Boo15
A bit quiet today huh! We need a Trump.a.gram to stir things up a bit.
Lol we will get some movement still....only matter of time
Jut took a third sell of of m5 chart very tight SL and position size .. let's see if it works....again ...but thibk upside break is on the cards
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https://www.globalprime.com.au/marke...tm_campaign=de


Fyi..bit of an interesting fluff piece.....while we wait
Quoting pundit78
Gold short @1499.57 ,SL 1508.72, TP 1469. {image}
Gold SL hit. Now Gold long @1508
Trading forex is a gentleman game.
Quoting tush1822
{quote} No luck today, entered long from 1497. I.e H4 support.
Still holding onto this towards 1515ish?
Quoting MzansiObi
{quote} Still holding onto this towards 1515ish?
Its live, I am holding it. I think it will retrace again to 1500 before it will properly go up.
Quoting tush1822
{quote} Its live, I am holding it. I think it will retrace again to 1500 before it will properly go up.
Yeah 1515 may act as a pivot/magnetic target...Wich is why I thought you may get there yesterday....will watch what it does there. Got some shorts filled now
Quoting MzansiObi
{quote} Yeah 1515 may act as a pivot/magnetic target...Wich is why I thought you may get there yesterday....will watch what it does there. Got some shorts filled now
yeh, it took long time, I thought at least in TKY session it might reach to its normal levels from the dip to 1510 range. Now I will wait for next USD retail sales numbers. I think it will be screwed!!
Quoting tush1822
{quote} yeh, it took long time, I thought at least in TKY session it might reach to its normal levels from the dip to 1510 range. Now I will wait for next USD retail sales numbers. I think it will be screwed!!
Good man....what's your target/plan with this....
Quoting MzansiObi
{quote} Good man....what's your target/plan with this....
I trade only in one direction since I weigh 50% to fundamentals. I dont trade before the releases. Only after it gives clear direction.

If retails sales will be good I will plan for dip buying near H4 support. If they are screwed may be at replacements I will buy. I am bullish on the Gold till next 2020 Q1. I think it will reach upto 1600 by that time.
Quoting tush1822
{quote} I trade only in one direction since I weigh 50% to fundamentals. I dont trade before the releases. Only after it gives clear direction. If retails sales will be good I will plan for dip buying near H4 support. If they are screwed may be at replacements I will buy. I am bullish on the Gold till next 2020 Q1. I think it will reach upto 1600 by that time.
Noted Tush.....
Are you trailing your profit atleast?
Quoting MzansiObi
Morning guys.... H4 bulls turned up to the party following the selloff... D1 still bullish... H1 has flipped bearish again so for now will begin selling any rally into h1 sell zone so long as 1514.9 holds as resistance Zones. H1:sell(1502-1505) D1:buy 1470.48 Will ignore H4 buy zone for now will sell h1 zone and target toward daily buy zone. Levels Upside; 1515 1522 1530 Downside; 1484.3 1478 1463 Pending orders; Sell limit 1st 1505 2nd 1514 SL 1523 Will split the orders half normal lot size as splitting allocation on two trades. Buy limit. 1460...
1515 magnet pulled price.....
Will take minor profit of second trade...volume hinting at possible further upside....so will look to reenter second short higher....when momentum shifts again....if it carries on dipping so be it... Bietjie bietjie maak Meer.....
Levels played out well today.
Some stops here and there but managed to bank some.
Calling it a day last sell trade running


Trade safe guys and gals.....
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