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

XAUUSD price action on the daily time frame rejected the 2033.100/2049.870 horizontal resistance zone (purple) after a bullish charge at the zone. Presently, price action is sideways. But as the prevailing technical impulse favours bears, we may see further southward market engineering.

I may be wrong. Trade safe and prosper.

KP

#SILVER / H4

Do you think B wave still valid?

#GOLD / H1

GOLD Time Frame Weekly analysis by HarmonicGanTengKur

GOLD Time Frame Daily Black Swan Bearish by HarmonicGanTengKur Analysis

XAUUSD price action on the H4 time frame shows bulls challenging the recent bearish drive from the 2033.100/2049.870 horizontal channel (purple). Although we may still see further northward move, the dominant technical impulse is bearish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Recent candlestick prints of XAUUSD on the H4 time frame, with long-top wicks, favour a bearish liquidity drive to an area of value, such as the 1980.00 horizontal support area (blue).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Still in lines

The technical impulse of XAUUSD price action on the H4 time frame is more favorably bearish. Although we cannot rule out a northward corrective move, bears are favoured to make further gains as they attempt a re-test of the lower part of the 1962.15/1927.90 horizontal support zone (green) seen on the weekly time frame.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the H4 time frame is in a bearish technical structure. Presently, it is navigating the 1962.150/1927.900 horizontal support zone (green) seen on the weekly time frame. Any bullish move would be corrective.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

The recent technical pattern of XAUUSD price action on the daily time frame, with bearish break of structure and a bearish technical impulse restored on Friday, favours bears than bulls. Technically, any northward move would be corrective, giving way to a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

XAUUSD price action on the H4 time frame is sideways but the technical impulse is favorably bearish. As price action is at the upper boundary of the 1962.150/1927.900 horizontal support zone (green), seen on the weekly time frame, we cannot rule out a northward liquidity grab before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

#GOLD / H4

XAUUSD price action on the daily time frame is ranging within the 1962.150/1927.900 horizontal support zone (green). However, the preceding technical impulse is bearish. A possible target of further bearish charge is the 1895.400/1915.300 demand zone (blue).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

What is also bearish for spot Gold is that price is, at the moment (Friday's Close), down on a quarterly bar basis, or below the March 31st close by approx $10.

So almost 3 month's days of trading and nothing to show for it for long term bulls.

I go for short since last Friday.

XAUUSD price action on the daily time frame turned sideways on Friday after a bearish charge at the 1915.300/1895.400 horizontal support zone (blue). Although we may still have further southward move, we can expect limited bearish momentum as bulls challenge a breakdown of the zone. The 1859.800 area (sandy brown) may be a medium/long-term target of a bearish breakdown of the zone.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

#SILVER / H4

XAUUSD price action on the daily time frame is tackling the 1915.300/1895.400 horizontal support zone (blue). Presently, it is sideways within the zone. Although we cannot rule out a northward market engineering, as the dominant technical structure is bearish, such northward move would give way to a bearish rotation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)