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

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

#42,841
Aug 9, 2017 9:37am Aug 9, 2017 9:37am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

I shorted that inside bar, so that doens't look like a long to me

#42,842
Aug 9, 2017 10:40am Aug 9, 2017 10:40am

hitan234
| Membership Revoked | Joined Aug 2017 | 175 Posts

anyone idea gold?

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english is very hard me

#42,843
Aug 9, 2017 10:56am Aug 9, 2017 10:56am

20pip
| Joined Oct 2013 | Status: Trader | 93 Posts

Quoting hitan234

Disliked

anyone idea gold? {image}

Ignored

The range of gold is completed today, The ability to pass 1275 is difficult,

#42,844
Aug 9, 2017 11:17am Aug 9, 2017 11:17am

nesta
| Membership Revoked | Joined Mar 2017 | 2,260 Posts

Quoting 20pip

Disliked

{quote} The range of gold is completed today, The ability to pass 1275 is difficult,

Ignored

I think that gold is not technical and most of the major US news for the dollar is impressive and can not be done right now.

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#42,845
Aug 9, 2017 11:19am Aug 9, 2017 11:19am

nesta
| Membership Revoked | Joined Mar 2017 | 2,260 Posts

Gold has erased its earlier gains and is trading slightly lower in afternoon U.S. trading. XAU/USD initially tried to break out to the upside however, the anticipated resistance in 1264/2 did kick in and capped the market. Consequently, prices headed south to test the support around the 1250 level and bounced back above 1255.
The market is hovering just above the 1255 level at the moment but the short-term charts suggest the upside potential will be limited as long as prices remain below the 4-hourly cloud. Negatively aligned Tenkan-sen (nine-period moving average, red line) and Kijun-sen (twenty six-period moving average, green line) lines also support this theory.
If prices can't hold above the 1255/3 area, then we may pay another visit to 1250-1247.89. A break below 1247.89 could trigger a drop towards 1242. To the upside, keep an eye on the 1260/59 zone, where the Tenkan-sen and the bottom of the cloud converge. If the market recovers and climbs above 1260, then we will probably retest the 1264/2 zone
SOURCE

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#42,846
Aug 9, 2017 11:19am Aug 9, 2017 11:19am

jorgen.fx
Joined Mar 2014 | Status: Trader | 389 Posts

Quoting hitan234

Disliked

anyone idea gold? {image}

Ignored

I like to use usdjpy as guidance, so if usdjpy starts going up I expect gold to drop. Todays move down on usdjpy already retraced more than 50% so now I expect gold to go down to 1267 next. Doesnt always work though.

What do you think?

Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.

#42,847
Aug 9, 2017 11:29am Aug 9, 2017 11:29am

krismitt
Joined Nov 2009 | Status: Trader | 864 Posts

This is what I see.

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Trade Well.

#42,848
Aug 9, 2017 11:39am Aug 9, 2017 11:39am

avibe
Joined Jun 2009 | Status: coitus interruptus | 1,115 Posts

may be north korea war or DJT impeachment

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practising coitus interruptus

#42,849
Aug 9, 2017 11:42am Aug 9, 2017 11:42am

hitan234
| Membership Revoked | Joined Aug 2017 | 175 Posts

Quoting jorgen.fx

Disliked

{quote} I like to use usdjpy as guidance, so if usdjpy starts going up I expect gold to drop. Todays move down on usdjpy already retraced more than 50% so now I expect gold to go down to 1267 next. Doesnt always work though. What do you think?

Ignored

i am risk free gold sl hit jorgen.fx
usdjpy looking good long but i am wait trand line breakout

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english is very hard me

#42,850
Edited 12:32pm Aug 9, 2017 12:01pm | Edited 12:32pm

20pip
| Joined Oct 2013 | Status: Trader | 93 Posts

Quoting nesta

Disliked

{quote} I think that gold is not technical and most of the major US news for the dollar is impressive and can not be done right now.

Ignored

I think the price of gold is still true in technical analysis,

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