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

  • #43,041
  • Aug 22, 2017 9:22am Aug 22, 2017 9:22am
So far so good with my today view.....

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  • #43,042
  • Edited 10:57am Aug 22, 2017 10:38am | Edited 10:57am
Quoting mohsinali
{quote}
Job done today. Perhaps retracement will be in placed. Don't really see the price action today can reach my tp1 1307. Exit all my long now to take profit. Let see where it goes on NY close.

On second look on the daily chart, I agree with Hongment. Today will be a down day. Perhaps may achieve 1278/76 today. The entire week will be a down week. Next week, then only long may be able to pick up again.
  • #43,043
  • Aug 22, 2017 11:13am Aug 22, 2017 11:13am
I think investors are waiting for the meeting on Friday
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  • #43,044
  • Aug 22, 2017 11:20am Aug 22, 2017 11:20am
Quoting goldgirl
{quote} Job done today. Perhaps retracement will be in placed. Don't really see the price action today can reach my tp1 1307. Exit all my long now to take profit. Let see where it goes on NY close. On second look on the daily chart, I agree with Hongment. Today will be a down day. Perhaps may achieve 1278/76 today. The entire week will be a down week. Next week, then only long may be able to pick up again.
Yes it is..
Buy on dip...
Buy above 1275.....imho..
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -788
  • #43,045
  • Edited 12:59pm Aug 22, 2017 11:46am | Edited 12:59pm
Quoting mag00
Gold (m30) ... entry Short @ 1290,30 (SL 1300, 80, TP 1258,80) I was looking for ... good chance to enter ... Trendlines: major, intermediate and minor ... Entry breakline @ open next bar, SL (previous swing) & TP(x3) : Risk1Reward3 P.S. It is curious how the TP is almost always at three lengths from the SL Will it be this time too? {image}
Gold (h1)

Too compressed but ... it gives the idea of becoming:
... possible breakdown of bullish trendline : a support ...

If that were the case, there would be a rise in stock indices



P.S.
... but it is possible an UP to 1306.2 (by closing the initial risk1Reward2.6) with TP2.6
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #43,046
  • Edited 2:48pm Aug 22, 2017 1:01pm | Edited 2:48pm
Quoting mag00
{quote} Gold (h1) Too compressed but ... it gives the idea of becoming: ... possible breakdown of bullish trendline : a support ... If that were the case, there would be a rise in stock indices P.S. ... but it is possible an UP to 1306.2 (by closing the initial risk1Reward2.6) with TP2.6 {image} {image}
Brother do you not feel any headache after looking at such a congested charts for few minutes?
Forex; the game of movements not the game of candles.
  • #43,047
  • Aug 22, 2017 1:06pm Aug 22, 2017 1:06pm
Quoting Sajid
{quote} Brother do you need feel any headache after looking at such a congested charts for few minutes?
Hey Sajid,

... or a coin to flip it in head or tail?..
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #43,048
  • Aug 22, 2017 1:34pm Aug 22, 2017 1:34pm
Quoting Sajid
{quote} Brother do you need feel any headache after looking at such a congested charts for few minutes?
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -788
  • #43,049
  • Aug 22, 2017 2:52pm Aug 22, 2017 2:52pm
Quoting mohsinali
{quote}
Quoting mag00
{quote} Hey Sajid, ... or a coin to flip it in head or tail?..
Sorry brothers, I mis-spelled few words in previous comment. Now corrected.
Forex; the game of movements not the game of candles.
  • #43,050
  • Aug 22, 2017 3:18pm Aug 22, 2017 3:18pm
gold could break 1300 fairly soon
  • #43,051
  • Aug 22, 2017 4:24pm Aug 22, 2017 4:24pm
INSIDE BAR D1
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Trade well.
  • #43,052
  • Aug 22, 2017 5:18pm Aug 22, 2017 5:18pm
Quoting krismitt
INSIDE BAR D1 {image} Trade well.
Pin bar and inside bar combo, might be a reversal?
  • #43,053
  • Aug 22, 2017 5:46pm Aug 22, 2017 5:46pm
Quoting IPMan
{quote} Pin bar and inside bar combo, might be a reversal?
And yesterday's (Monday) bar was a bullish engulfing which didn't do anything today.

But I'll wait to see whether today's low or high gets broken cleanly tonight/tomorrow.
  • #43,054
  • Aug 22, 2017 10:00pm Aug 22, 2017 10:00pm
My view today....

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  • #43,055
  • Aug 22, 2017 10:23pm Aug 22, 2017 10:23pm
Quoting mohsinali
{quote} Yes it is.. Buy on dip... Buy above 1275.....imho..
Rebook at my weekly chart...Gosh..It may go down till 1262..Haha... But I will short on high today... Go opposite direction abit risky to try.. will have some choppy price action from now till draghi speech tonight. Hope trump don open his mouth and disturb or market will went up n down like yesterday.
  • #43,056
  • Aug 22, 2017 10:26pm Aug 22, 2017 10:26pm
Quoting goldgirl
{quote} Rebook at my weekly chart...Gosh..It may go down till 1262..Haha... But I will short on high today... Go opposite direction abit risky to try.. will have some choppy price action from now till draghi speech tonight. Hope trump don open his mouth and disturb or market will went up n down like yesterday.
donald trump is live now...
  • #43,057
  • Aug 22, 2017 11:39pm Aug 22, 2017 11:39pm
Buy gold for today
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  • #43,058
  • Aug 23, 2017 12:58am Aug 23, 2017 12:58am
Quoting 20pip
Buy gold for today {image}
Brother, Perhaps you are taking chance on a died market.
Forex; the game of movements not the game of candles.
  • #43,059
  • Aug 23, 2017 12:59am Aug 23, 2017 12:59am
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  • #43,060
  • Aug 23, 2017 2:07am Aug 23, 2017 2:07am
Quoting Sajid
{quote} Brother, Perhaps you are taking chance on a died market.
sideway market is not died, i don't hope big profit.
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