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

  • #43,361
  • Sep 15, 2017 9:57am Sep 15, 2017 9:57am
am still bearish

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practising coitus interruptus
  • #43,362
  • Sep 15, 2017 1:30pm Sep 15, 2017 1:30pm
Quoting goldgirl
{quote} Yeah..On bull now. Another missle Monday will gap up
Im only scalping. I just find it impossible to figure out the direction of gold consistently. Its like he market waits for my to open an order and acts against me, and it does it consistenly...thats really facinating. But scalping works fine
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #43,363
  • Sep 15, 2017 1:34pm Sep 15, 2017 1:34pm
atm , fwiw =
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da n0o0b + $hit_Disturber
  • #43,364
  • Sep 15, 2017 2:36pm Sep 15, 2017 2:36pm
Quoting goldgirl
{quote} It din go to 1313. Tp 3 at trailing sl 1318. I took a long from 1320 tp1 1338.
1313.xx is coming up soon. It was a easy flow to read this week. I walk the forum step by step through it 1334.xx was the line in the sand and it would have been defended. 1318.xx was the support and hope line for the Bulls which is now soft, but broken. The week will close below 1334.xx and open the door for the 1280.xx leg and 1248.xx. This might be a top for the rest of the year for now, unless we get a week close above 1334.xx

Quoting Visionary
{quote} 1313.xx is coming up soon. It was a easy flow to read this week. I walk the forum step by step through it 1334.xx was the line in the sand and it would have been defended. 1318.xx was the support and hope line for the Bulls which is now soft, but broken. The week will close below 1334.xx and open the door for the 1280.xx leg and 1248.xx. This might be a top for the rest of the year for now, unless we get a week close above 1334.xx

1306 might provide another fight by the Bulls for another attempt or we have clean sweep to 1280.xx
  • #43,365
  • Sep 15, 2017 9:10pm Sep 15, 2017 9:10pm
Seeing as to how the market closed this week, I'm even more confident that the price will hit my first TP of 1315.

Market was very generous this week, repeatedly testing the support-resistance flip on H4 at 1333. allowing more sell to be added.

P/s: Those who messaged me asking about my trading strategy, I'm a supply-demand trader, but I combine them with fmcbr (a customized fibonacci method)
Trendline, SnR, Timeframe. Keep it simple
  • #43,366
  • Sep 15, 2017 9:51pm Sep 15, 2017 9:51pm
Quoting bbmabwn
Seeing as to how the market closed this week, I'm even more confident that the price will hit my first TP of 1315. Market was very generous this week, repeatedly testing the support-resistance flip on H4 at 1333. allowing more sell to be added. P/s: Those who messaged me asking about my trading strategy, I'm a supply-demand trader, but I combine them with fmcbr (a customized fibonacci method)
Good work buddy, I am selling too, I would like to buy Gold when I see some signal on UJ
  • #43,367
  • Sep 15, 2017 9:58pm Sep 15, 2017 9:58pm
Quoting Visionary
{quote} 1313.xx is coming up soon. It was a easy flow to read this week. I walk the forum step by step through it 1334.xx was the line in the sand and it would have been defended. 1318.xx was the support and hope line for the Bulls which is now soft, but broken. The week will close below 1334.xx and open the door for the 1280.xx leg and 1248.xx. This might be a top for the rest of the year for now, unless we get a week close above 1334.xx {quote} 1306 might provide another fight by the Bulls for another attempt or we have clean sweep to 1280.xx
It didn't close below 1316 which was the lowest of the week. I booked some profit at 1334. My entry remain at 1320, sl 1315. It just reached 1319. It looks very bearish but 2 bearish weeks mean bearish for the rest of the month which I doubt so. Cause this month on seasonal factor SP500 should fall and gold should rise. Moreover, bull major support is at 1291.

UJ is also giving signal on bearish and seen top. Meaning gold will also rise.
  • #43,368
  • Sep 16, 2017 3:17am Sep 16, 2017 3:17am
Quoting goldgirl
{quote} It didn't close below 1316 which was the lowest of the week. I booked some profit at 1334. My entry remain at 1320, sl 1315. It just reached 1319. It looks very bearish but 2 bearish weeks mean bearish for the rest of the month which I doubt so. Cause this month on seasonal factor SP500 should fall and gold should rise. Moreover, bull major support is at 1291. UJ is also giving signal on bearish and seen top. Meaning gold will also rise.
I don't understand what u talking about. if this week on September 20/21 usd interest rate hike once more then gold should go down to at least 1294 and uj go up to at least 114+ correct me if I m wrong
  • #43,369
  • Sep 16, 2017 4:02am Sep 16, 2017 4:02am
Was great week, Gold topping and getting ready for smooth move till 1193
Good luck who else got their positions triggered.
Selling rallies on upcoming days/week, fading current highs for those who think they missed, could be a key.
Time is your friend; impulse is your enemy.
  • #43,370
  • Sep 16, 2017 9:10am Sep 16, 2017 9:10am
Quoting goldgirl
{quote} It didn't close below 1316 which was the lowest of the week. I booked some profit at 1334. My entry remain at 1320, sl 1315. It just reached 1319. It looks very bearish but 2 bearish weeks mean bearish for the rest of the month which I doubt so. Cause this month on seasonal factor SP500 should fall and gold should rise. Moreover, bull major support is at 1291. UJ is also giving signal on bearish and seen top. Meaning gold will also rise.
First let me say thanks for the engagement. First there has only been one (1) bearish week and it as lead to 1315.xx a new month low. Never say that one bearish or bullish week can't change the perspective of a trend or reversal in play, for there is countless instant where this happen and most get caught off guard. For the pass two weeks a lot of take profit and supply been taking place easily seen on a daily chart. With 1334.xx acting as the line in the sand, and is now supply or resistance. Since you mention seasonal, what does that mean? Taking profit or positioning? Something to think about. Yes there is support at 1291.xx which also mean stops are there. If stops get trigger from there momentum will be created and with FED/BOJ up next week keep a close eye out. There are trap bulls over 1334.xx which are trying to get out, so let us see. UJ is painting the very same picture at the moment and only a week close below 109.54xx will turn it bearish resumption and only a week close above 1334.xx will turn Gold bullish resumption but for now that is how i read it. Monday and especially Tuesday Fix will tell a lot before both central banks.
  • #43,371
  • Sep 16, 2017 10:28pm Sep 16, 2017 10:28pm
Quoting Situhin
{quote} I don't understand what u talking about. if this week on September 20/21 usd interest rate hike once more then gold should go down to at least 1294 and uj go up to at least 114+ correct me if I m wrong
Answer lies on the SP500 chart and upcoming FED rate hike forecast. Current drop of gold is due to rising GBP on BOE hawkish. Since GBP has almost seen top after 2 days fierce rise, Gold will be in play closely related to USD FED rate hike decision.

If gold manage to break 1315, we can then expect 1293. If break above 1334, then 1395 or even 1403 is in play. My bias is on long side after seeing SP500 chart.
  • #43,372
  • Sep 16, 2017 10:33pm Sep 16, 2017 10:33pm
Quoting Visionary
{quote} First let me say thanks for the engagement. First there has only been one (1) bearish week and it as lead to 1315.xx a new month low. Never say that one bearish or bullish week can't change the perspective of a trend or reversal in play, for there is countless instant where this happen and most get caught off guard. For the pass two weeks a lot of take profit and supply been taking place easily seen on a daily chart. With 1334.xx acting as the line in the sand, and is now supply or resistance. Since you mention seasonal, what does that mean?...
Even FED scheduled to rate hike on December, USD may fall cause investors may be skeptical about the positive outlook of the economy after rising rate. If CNH, EUR and GBP keep rising, it may drag down the USD dollar even USD doesn't want to be weaken.
  • #43,373
  • Edited Sep 18, 2017 12:58am Sep 17, 2017 1:00am | Edited Sep 18, 2017 12:58am
The Big Picture for Gold showing the Long Term Delta turning points (black).

Sixer

Edit:
And in the lower time frame, the actual EWI count (60 min).
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  • #43,374
  • Sep 18, 2017 12:44am Sep 18, 2017 12:44am
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  • #43,375
  • Sep 18, 2017 2:07am Sep 18, 2017 2:07am
  •  dweex
  • Joined Mar 2017 | Status: Strategi ABC (Asal Biru Close) | 44 Posts
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Sell Break sup 1315.91 TP 1308.42
BUY Break res 1321.71 TP 1330.20

Keep Your Trading Safe and Have a Good Trade!

R3 : 1345.75
R2 : 1339.37
R1 : 1330.20
Pivot : 1321.71
S1 : 1315.91
S2 : 1308.42
S3 : 1300
Go Green
  • #43,376
  • Sep 18, 2017 5:35am Sep 18, 2017 5:35am
Quoting Visionary
{quote} 1313.xx is coming up soon. It was a easy flow to read this week. I walk the forum step by step through it 1334.xx was the line in the sand and it would have been defended. 1318.xx was the support and hope line for the Bulls which is now soft, but broken. The week will close below 1334.xx and open the door for the 1280.xx leg and 1248.xx. This might be a top for the rest of the year for now, unless we get a week close above 1334.xx {quote} 1306 might provide another fight by the Bulls for another attempt or we have clean sweep to 1280.xx
Hope it was a good weekend for all. 1313.xx is now here which really has no significance to SDPA. The real number is 1318.xx Fix and 1306.xx. we now have a fresh low AM monthly Fix coming off the high which is now a lower low month at 1314.xx, PM Fix will confirm it below 1318.xx so will watch and see from here.
  • #43,377
  • Sep 18, 2017 8:25am Sep 18, 2017 8:25am
Quoting dweex
{image} Sell Break sup 1315.91 TP 1308.42 BUY Break res 1321.71 TP 1330.20 Keep Your Trading Safe and Have a Good Trade! R3 : 1345.75 R2 : 1339.37 R1 : 1330.20 Pivot : 1321.71 S1 : 1315.91 S2 : 1308.42 S3 : 1300
Now test second support. ... what's you say...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -810
  • #43,378
  • Sep 18, 2017 8:35am Sep 18, 2017 8:35am
Quoting mohsinali
{quote} Now test second support. ... what's you say...
That second support is in play from Thursday. Sorry if i overindulge in the conversation.
  • #43,379
  • Sep 18, 2017 8:40am Sep 18, 2017 8:40am
Quoting mohsinali
{quote} Now test second support. ... what's you say...
I notice you building buys in your account, may i ask what % of your account you building it against and what PA as your cut off?
  • #43,380
  • Sep 18, 2017 9:36am Sep 18, 2017 9:36am
No need for R1, R2, R3 levels lately.

Actually S1, S2, S3 either.
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