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

As I predicted, today news helped...
Movement of gold continues to 1310, you have to buy it
Have a great weekend

You are awesome and incredible news to you, but the forecast for 1279 is sufficient today!
I would recommend selling.

H1

Over===>1279.6===>1281.xx===>1283
Below====>1275===>1272===>1270

H4

Over===>1274.5===>1283.xx====[over]===>1289.xx
Below===>1269====>1265=====>1261===>1259.xx

Daily
Over===>1280====>1282====>1288==>[over]===>1293===[target]=>1299.xx
Below===>1268====>1265===>1259=====>1247.xx

Hi megadeth, you are not play a band anymore and now playing with this stuff? Lol
do you have your analysis why gold will up to 1310? Or its just a guess?

Gold views > bull set up at top having very big ranges , now 2nd leg UP to correct the 1st , possible target next 1337 , 1295 , 1203 to care before possible fall 1250 or 1200 again if . anyway targets at highs should be 1375,91 & 1433 minimum not mention further up now to 1519,1797 !!.Take care , fontu

The gold market was rather volatile last month. Prices dropped to the critical $1215 level, the confluence of a horizontal support and a medium-term bullish trend line, but ultimately found strong support there to climb all the way back to the $1271.50-$1269 area, leaving a long lower shadow on the monthly candle. The weakness in the dollar, political uncertainty in Washington and worries over the UK general election have recently bolstered demand for the precious metal.
The UK will have a general election on 8 June and the latest polls shows that the gap between the two major parties is narrowing. After the elections market players will turn their attention to the U.S. Federal Reserve’s policy meeting. Friday’s disappointing monthly jobs report raised doubts about the path for higher interest rates, but the majority of investors still believe it is very likely that the Fed will raise borrowing costs later this month.

From a chart perspective, it appears that there will be more upside price action this week. The market is residing above the Ichimoku clouds on almost all time frames and we have positively aligned Tenkan-Sen (nine-period moving average, red line) and Kijun-Sen (twenty six-period moving average, green line) lines. However, there are tough challenges ahead such as 1288 and 1295/2, so these barriers can trigger profit taking and fuel downside momentum ahead of the FOMC meeting. In other words, this month could be as volatile as the previous one, especially in case the Fed hints further monetary policy tightening in September. The bears have to eliminate the support in the 1259/8 area to pull prices back to 1245 level. If XAU/USD fails to hold above there, 1240/39 and 1230/25 will be the next targets. On the other hand, if the bulls continue to dominate the market and push prices successfully beyond 1295.50, then the 1308/4 area may be tested. Breaking up above there on a weekly basis means the market will be aiming for 1315 and 1325.

GOLD
The weekly chart that this pair had another bullish week. The candle that formed this week is a normal sized bullish candle, closing right on its high. The price is above its levels of both 3 months and 6 months, so it remains in a long-term bullish trend. The rhythm of the past few months has been solidly if quietly bullish, with a clear series of higher lows supported by the bullish trend line shown in the chart below. There is a reason for bulls to be cautious: there is a long-term bearish trend line not far above which may continue to hold, and the bullish momentum is not extremely strong. However, if the price can break up above that trend line, it would be more likely to increase its bullish momentum.

my stoploss 1283, TP 1275

M30
Below@1278===>1275.8[below]===>1272.xx=====>1269
[email protected]====>1285

It is in a clear uptrend for me.. (PS: Micro Account)

1258sl?
U..CAN...sl.1266

After see the NFP news last friday USD Non-Farm Employment Change 138K 181K 174K, will be a significant bullish (imho). I went long 1279.5 hoping for sukses.

Using Fibo Levels and Swing levels...

HOW PIPS SL
1281-----1258

2162 pips... placed this trade according to 4H TF.. SL will be moved to breakeven once it moves 500 pips in positive direction

500 PIPS ITS OK!
BUT I SEE 120LOTS VOLUME buy *500pips

according to standard account it is 1.20 lots

OK.

My Gold Forecast:

Gold has broken above the downward trendline that connects the highs from the 2011 high which is also the all time high. This upside breakout should see some Gold bidding going on. The next area of interest is between $1320-$1350 from where we should expect Gold to turn back lower.



Regards,
1GoodTrade
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over===>1283.5===>1287
below===>1276===>1272