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

  • #42,161
  • Jun 26, 2017 4:04am Jun 26, 2017 4:04am
Quoting nesta
H4 Over==>1260====>1269====>1281.xx Below@====>1246.77====>1240.5=====>1236.xx {quote} {image}
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  • #42,162
  • Jun 26, 2017 4:06am Jun 26, 2017 4:06am
Perhaps this news that cause gold to drop suddenly

https://twitter.com/i/web/status/879261462706966528

It's looking increasingly likely a deal will be reached to give May a parliamentary majority ahead of votes on the Queen's speech this week
time and patient is your strongest allies
  • #42,163
  • Jun 26, 2017 4:07am Jun 26, 2017 4:07am
H4
1233.xx
Attached Image (click to enlarge)
Click to Enlarge Name: h4.png Size: 75 KB
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  • #42,164
  • Edited 5:19am Jun 26, 2017 4:30am | Edited 5:19am
Quoting manize
{quote} Caught 4 poins from 1245 - 1241 bro ... and put another sell limit at 1245.5, for your target 1235
Hit, and put sell limit again at 1250 (61% Fib drop today). Thanks Nesta !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #42,165
  • Jun 26, 2017 4:35am Jun 26, 2017 4:35am
Some support on 200 EMA but looks will be broken and fall to 1225 x...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -425
  • #42,166
  • Jun 26, 2017 5:39am Jun 26, 2017 5:39am
https://www.bloomberg.com/news/artic...o-banks-afloat

What about this? Was the GOLD risk off play, or is this a buy oportunity before the storm?
Any comments?
  • #42,167
  • Jun 26, 2017 6:52am Jun 26, 2017 6:52am
Quoting Mboksapi
{quote} Wtf in just a second? What happen?
just fat fingers, move along nothing to see here.

Attached Image
i lose money for a living
  • #42,168
  • Jun 26, 2017 7:46am Jun 26, 2017 7:46am
Quoting nesta
{quote}
so at present downward trend is applicable . Right?
  • #42,169
  • Jun 26, 2017 9:24am Jun 26, 2017 9:24am
Quoting zahidali1987
{quote} so at present downward trend is applicable . Right?
I wouldn't sell right now, it might hit 1252 before it goes down again
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 231 KB
  • #42,170
  • Jun 26, 2017 9:42am Jun 26, 2017 9:42am
Just another manic Monday. This time metals got hit. Well at least one more leg would be there it is a downtrend anyway now.
  • #42,171
  • Jun 26, 2017 11:09am Jun 26, 2017 11:09am
What kind of lunatic would sell 51 tonns of gold in 1 minute? If EUR/USD doesn't go below 1185 quickly, we will see this fella buying it back in a hurry.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #42,172
  • Jun 26, 2017 5:51pm Jun 26, 2017 5:51pm
http://www.miningweekly.com/article/...ute-2017-06-26

LONDON – Gold sank like a stone at 09:00 in London after a huge spike in volume in New York futures that traders said was probably the result of a "fat finger," or erroneous order.
Trade shot up to 1.8-million ounces of gold in just a minute, a level not reached even with the surprise election of US President Donald Trump or Britain’s vote to leave the European Union.

“No-one has a clue, apart from the unfortunate individual that pressed the wrong button,” David Govett, head of precious metals trading at Marex Spectron Group in London, said of the spike in volume. Thin activity and automated trading may exacerbate such moves, he said.


Others said a trader may have made a larger order than intended, or underestimated the market’s ability to absorb so much gold.
Some 18 149 lots were traded on Comex in just a minute, before falling back to 2 334 lots an hour later.
  • #42,173
  • Jun 26, 2017 6:14pm Jun 26, 2017 6:14pm
Gold price drops mysteriously amid ‘fat finger’ speculation
NYPost By Kevin Dugan June 26, 2017 | 5:08pm

http://nypost.com/2017/06/26/gold-pr...r-speculation/

Gold plunged on Wall Street on Monday — and no one’s quite sure why.

The price of the precious metal plunged by more than $17 an ounce within minutes during morning trading, apparently the result of a mysterious extra-large trade and pile-on panic selling that has left traders scratching their heads.

Gold had been trading around $1,254.17 an ounce early Monday morning before the market plunged to a low of $1,236.89. It soon bounced back to around $1,244.58 by early afternoon.

Instantly, analysts dismissed the move as the result of a “fat finger” trade — a mistakenly large order by a trader who made an order about 100 times too big.

But as the day went on — and the price of the wedding band material failed to correct itself — Wall Street analysts questioned whether the order was too big, or just too fast.

“When you look at what happened with the flash crash — the flash crash corrected itself pretty instantaneously,” said Todd Colvin, senior vice president and trading firm Ambrosino Brothers, referring to the May 2010 stock-market whiplash when the Dow Jones industrial average fell about 1,000 points before recovering minutes later.

Monday’s gold drop could have been caused by a trader mistakenly selling a whole order at once, rather than in little bits at a time, Colvin said. Traders usually trade orders in small pieces in order to keep from moving markets too much.

“Nobody’s panicking if they did a fat finger,” he added.

The fact that gold was staying about $8-$10 lower than the pre-crash price on Monday, however, shows that the move could have been intentional, Colvin said.

Colvin, a self-described gold bull, added that gold prices have been steadily declining recently.

The fact that the Asian markets were closed for a holiday also amplified the move, since there wouldn’t be as many traders to buy and sell around the crash.

Gold has had a rocky year so far, declining from the yearly high of $1,294.17 it reached on June 6. Rising interest rates, a strong dollar, and a skyrocketing stock market have all damped enthusiasm for the shiny metal.

That’s still a far cry from 2012, when gold had shot up to about $1,700 an ounce.
  • #42,174
  • Jun 26, 2017 10:30pm Jun 26, 2017 10:30pm
Quoting Xag
maybe the moon crossed ISS
venus trines pluto, mars square neptune and trines jupiter... gold fall
  • #42,175
  • Jun 26, 2017 10:37pm Jun 26, 2017 10:37pm
Quoting peace1234
{quote} venus trines pluto, mars square neptune and trines jupiter... gold fall

That explains everything except Mercury and Saturn. Wild cards?
  • #42,176
  • Jun 26, 2017 10:37pm Jun 26, 2017 10:37pm
Quoting Blackopal
{quote} That explains everything except Mercury and Saturn. Wild cards?
Tuesday, june 27 2017

Daily chart, Gold price cannot break support 1240
the moon conjuct no node and trines saturn, mercury squares jupiter and trines neptune

  • #42,177
  • Jun 26, 2017 10:41pm Jun 26, 2017 10:41pm
Quoting peace1234
{quote} Tuesday, june 27 2017 Daily chart, Gold price cannot break support 1240 the moon conjuct no node and trines saturn, mercury squares jupiter and trines neptune

Ahhso
  • #42,178
  • Jun 26, 2017 10:46pm Jun 26, 2017 10:46pm
Quoting Blackopal
{quote} Ahhso
Mercury forms a square to Jupiter and then a trine to Neptune today, The Moon continues to Leo until 8:43 PM EDT, when it enters Virgo, The Virgo Moon from 5:13 PM EDT, with the Moons last aspect before changing signs (a trine to Uranus), until the Moon enters Virgo at 8:43 PM EDT.
  • #42,179
  • Jun 27, 2017 12:13am Jun 27, 2017 12:13am
Quoting nesta
H4 1233.xx {image}
However, if the Ichimoku cloud on the H4 chart continues to offer resistance and prices break down below the 1249/7 area, I think the market will revisit 1240/39, the top of the weekly cloud. Closing below the 1239 level would be negative sign and open a path to 1232/0. The bears have to capture this key support so that they can make an assault on the 1225 level.
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  • #42,180
  • Jun 27, 2017 1:19am Jun 27, 2017 1:19am
Quoting Yuri57
What kind of lunatic would sell 51 tonns of gold in 1 minute? If EUR/USD doesn't go below 1185 quickly, we will see this fella buying it back in a hurry.
Exactly what I was talking about
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
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