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

  • #43,261
  • Sep 7, 2017 10:28am Sep 7, 2017 10:28am
Quoting bbmabwn
{quote} As mentioned in my older posts, the price did retrace on H4 and touches my tp zone before going back up. It has now hit the blue zone (a very strong supply zone). This is important: any movement down, I will still consider it to be a retracement. There is no sign at all that gold is ready to be sold as of today. It will probably be weeks before the setup for a swing sell is complete. Keep posted Happy trading! {image}
Back again with another update. Added some new positions with FMCBR, seeing that Gold has finished its small retracement. As previously mentioned, still no sign of gold making a major reversal. I'm now correlating its movement with USDJPY (expecting it to hit 107.626 before I decide whether its time to close my sell and start a long). Once I start buying USDJPY, I will most likely be looking to sell Gold.

You can check my instagram for all my trading journals as I won't be as active here starting next week (long overdue vacation needed)

Have a good week everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 7Sep.PNG Size: 39 KB
Trendline, SnR, Timeframe. Keep it simple
  • #43,262
  • Sep 7, 2017 10:52am Sep 7, 2017 10:52am
Quoting bbmabwn
{quote} Back again with another update. Added some new positions with FMCBR, seeing that Gold has finished its small retracement. As previously mentioned, still no sign of gold making a major reversal. I'm now correlating its movement with USDJPY (expecting it to hit 107.626 before I decide whether its time to close my sell and start a long). Once I start buying USDJPY, I will most likely be looking to sell Gold. You can check my instagram for all my trading journals as I won't be as active here starting next week (long overdue vacation needed)...
congrats buddy, I also looking 107.6-107 UJ
  • #43,263
  • Edited 2:57pm Sep 7, 2017 11:35am | Edited 2:57pm
Hello everybody ...

my view ... ( gold Weekly ... see post 43251)

gold (d)
inside a 5th wave ... (b3(3co)three mother ... TP = 1375) ... ABC correction = a(a)+b(a)+c(a)+b1+b2+b3compo+b4+b5+a(c)+b(c)+c(c)



gold (h1)
inside a 4th one ... (3rd composed wave inside a ... 5th wave mother)


gold (m15)

inside 4th ( 3rd compo of 5th mother)

my Forecast :

waiting 3rd(5) TP=1358
4th (5th mother) @1358 to 1348
5th (5th mother) @ 1348 to 1375


nothing is guaranteed: everything is probable with an enter point (sl, TP)



P.S.
... waiting then the (3co)four wave @ 1375 (a corrective one)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold (D).png Size: 45 KB
Click to Enlarge Name: Gold (h1).png Size: 45 KB
Click to Enlarge Name: Gold (m15).png Size: 31 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #43,264
  • Sep 7, 2017 11:38am Sep 7, 2017 11:38am
Quoting jpadvisor
Possible move with EWP count. {image}
So we got wave 5 on the H1 chart now. Count seems confirmed.
Per aspera ad astra
  • #43,265
  • Sep 7, 2017 12:23pm Sep 7, 2017 12:23pm
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -788
  • #43,266
  • Edited 1:00pm Sep 7, 2017 12:32pm | Edited 1:00pm
Quoting mohsinali
P.S.
(always sl)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #43,267
  • Sep 7, 2017 2:52pm Sep 7, 2017 2:52pm
Uptrend for 2 months, must be fun to be a bull I only scalp so I wouldn't know
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #43,268
  • Sep 7, 2017 3:00pm Sep 7, 2017 3:00pm
gold ripe for sell btwn 1346/48

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 57 KB
practising coitus interruptus
  • #43,269
  • Sep 7, 2017 3:02pm Sep 7, 2017 3:02pm
Quoting jorgen.fx
Uptrend for 2 months, must be fun to be a bull I only scalp so I wouldn't know
Ever since I convert into a swing trader, i never look back. Sure, I don't get profits everyday. But at least I get to rake in 300+ pips just from a single position every 1-2 weeks. For Gold (the main pair I trade), 1000 pips is normal

And there is less stress from not having to look at the chart every hour
Trendline, SnR, Timeframe. Keep it simple
  • #43,270
  • Sep 7, 2017 3:19pm Sep 7, 2017 3:19pm
Quoting avibe
gold ripe for sell btwn 1346/48 {image}
Any reason why you think Gold will reverse from there? Gold broken 2 years high 1300. Do you think that all this motion just made for fun and price will drop significantly from there without any reason? Fundamentals pushed the Gold prices up and now strong fundamentals will bring the prices down. Just re-settled my TPs from 1370 to 1400.
Forex; the game of movements not the game of candles.
  • #43,271
  • Sep 7, 2017 3:34pm Sep 7, 2017 3:34pm
Quoting Sajid
{quote} Any reason why you think Gold will reverse from there? Gold broken 2 years high 1300. Do you think that all this motion just made for fun and price will drop significantly from there without any reason? Fundamentals pushed the Gold prices up and now strong fundamentals will bring the prices down. Just re-settled my TPs from 1370 to 1400.
I have been a bull since 1210 check few posts back..

For now am looking at it technically 88.6 retracement on D1

I agree for now fundies support gold bull i.e north Korea, other risk events still lurk around i.e rate hike..

Sentiment appears to favour 1370 but let's see
practising coitus interruptus
  • #43,272
  • Sep 7, 2017 6:16pm Sep 7, 2017 6:16pm
More buyers than sellers support, BS walks.
  • #43,273
  • Sep 7, 2017 11:52pm Sep 7, 2017 11:52pm
Inserted Video
  • #43,274
  • Sep 8, 2017 6:53am Sep 8, 2017 6:53am
Still 1480 valid long term target .
  • #43,275
  • Sep 8, 2017 9:23am Sep 8, 2017 9:23am
Quoting Nelzo
Still 1480 valid long term target .
1480 door is not open as yet.
  • #43,276
  • Sep 8, 2017 9:30am Sep 8, 2017 9:30am
Quoting Visionary
{quote} 1480 door is not open as yet.
1347.xx Brexit is in play with 1370.xx Fix once we get fix over those 1480.xx in play with a lot of # in between.
  • #43,277
  • Sep 8, 2017 9:31am Sep 8, 2017 9:31am
Quoting Visionary
{quote} 1347.xx Brexit is in play with 1370.xx Fix once we get fix over those 1480.xx in play with a lot of # in between.
However 1248.xx is on the downside without troubling the long term play of 1480.xx
  • #43,278
  • Sep 8, 2017 9:35am Sep 8, 2017 9:35am
Quoting Visionary
{quote} However 1248.xx is on the downside without troubling the long term play of 1480.xx
Currently we have 1351.xx sell in play against 1357.xx risk with 1334.xx as it defence.
  • #43,279
  • Edited 10:21am Sep 8, 2017 9:38am | Edited 10:21am
1340 may be the support. .. if fail then 1225x...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-09-08-19-37-00.png Size: 137 KB
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -788
  • #43,280
  • Sep 8, 2017 9:59am Sep 8, 2017 9:59am
Quoting mohsinali
1240 may be the support. .. if fail then 1225x... {image}
I think you referring to 1340.xx currently.
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