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

hi.,.
yes..u..can.subscri..me..and...trades..see

i..thinkk..good..position..for..short..right..now

sl 45.5 ?

Bad idea to short imo, bulls are still intact. Just trade what u see

yes!OFFF.tp1@1241

LOOK..after..last/post!1244.5--->1241

I'm not your subscriber ty.

no problem dear.

that's right...if i start to listen any opinion make a mistakes...

Why short when the trend is up??

The short term (3-5 days) trend is up but longer term it is down and it has mighty strong resistance to break through ... to go much higher:

Another thing, last two 4 hour candles (and presently current candle) have long wicks on top signifying more selling than buying.

Xauusd can't break 1242-1245 last night, so today strategy is only short before the us session opening.

closed all my trades for today. thanks gold , you give me almost 100% return from my deposit in 23 days

short@SL:1245
tp1:1235
tp2:1233
tp3:1230
tp4:1227.xx

Gold prices rose for a third consecutive session on Tuesday, hitting the highest level since July 3, as the dollar came under fresh pressure after Republican lawmakers abandoned their effort to replace Obama’s Affordable Care Act. XAU/USD traded as high as $1244.50 an ounce after breaching the resistance at $1239 provided extra momentum as expected. Market participants will turn their focus to the upcoming European Central Bank and Bank of Japan policy meetings
Trading above the Ichimoku clouds on the 4-hour time frame, along with positively aligned Tenkan-sen (nine-period moving average, red line) and Kijun-sen (twenty six-period moving average, green line), indicates that the bulls still have the near-term technical advantage. However, it would not be surprising if prices stalled ahead of the central bank meetings in Europe and Japan. At this point, I think the resistance at 1242 will play an important role as well. The daily Kijun-sen and a broken bullish trend line converge in this area so expect to see some long-side profit taking.
If that is the case, XAU/USD may test the support in the 1239/8 zone. A break down below there implies that the market will tend to approach the hourly cloud. The top of the hourly cloud sits at 1235 so the bears will to pull prices back below there to make an assault on the 1232/1 region. On the other hand, if XAU/USD breaks up above 1232 and take out yesterday’s high, then the market will probably visit the 1250.30-1248 area next. Once above 1250.30, the bulls will be aiming for 1255 and 1259.
SOURCE

hello
most..people...see..bullish..market.
but...it...appears....
tension...is...rising...in...the..market.
and...of...cource...i..think...it..is...a...loss.
unless...ressistance..is..broken...up..in....1245.
if..1245...is...broken..up...in..1262..to..take..prices.
but...in..the...current...situation..and...based...on...experience...though....the..loss..is...minimal..
but..well..worth..the..risk...do..not...worry

USD Building Permits 1.25M 1.20M 1.17M ---> good for USD, I put sell limit at 1242

Building Permits (MoM)Link
The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects. It implies the movement of corporate investments (US economic development). It tends to cause some volatility to the USD. Normally, the more growing number of permits, the more positive (or bullish) for the USD.
Building Permits ChangeLink
The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects. It implies the movement of corporate investments (US economic development). It tends to cause some volatility to the USD. Normally, the more growing number of permits, the more positive (or bullish) for the USD.
Housing Starts (MoM)Link
The Housing Starts released by the US Census Bureau, at the Department of Commerce is an indicator that tracks how many new single-family homes or buildings were constructed. For the survey each house and each single apartment are counted as one housing start. The figures include all private and publicly owned units. It indicates movements of the US housing market. Generally, a high reading anticipates positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

ALL-SHORT--SL@1245
[email protected]{SL:1238}
TP1:1251
TP2:1263
TP3:1274
-----------------------------------
SHORT{SL:1245}
tp1:1238
tp2:1235
tp3:1230
tp4:1227.xx