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

  • #43,681
  • Oct 3, 2017 10:11am Oct 3, 2017 10:11am
Quoting chasinpips
{quote} any targets? i'm looking at 1278 first and then 1290
I am looking at 1278.XX first and as much as 1282.xx for now. Without a weekly close over 1282.xx then upside will be limited for now.
  • #43,682
  • Oct 3, 2017 12:20pm Oct 3, 2017 12:20pm
Silver continues consolidating above 16.55. Despite that it is still quite bearish and a breakout could lead to another drop towards 16.00.
  • #43,683
  • Oct 3, 2017 4:34pm Oct 3, 2017 4:34pm
[quote=Visionary;10352333]{quote} Bullish Pm Fix against 1268.xx let's see if we can get Bullish daily roll, for the continuation.[/q

We roll Bearish, on the day plus two day and still under 5 days roll. 1272.xx rejection once again. However 1268.xx is still holding and is in play after a Bullish Pm Fix. So stops are loaded there with orders. So 1272.xx and 1268.xx is the line in the sand at the moment to watch. Will watch where Toyoko go home tonight and play it at Pm tomorrow.
  • #43,684
  • Oct 4, 2017 12:58am Oct 4, 2017 12:58am
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  • #43,685
  • Oct 4, 2017 1:56am Oct 4, 2017 1:56am
beware of gold paying a visit of the daily open price around 1272. it is highly likely scenario. maybe then 126X or 128X? i do not know... just react on the direction update.
Maadik Hugiis. IQ 69.
  • #43,686
  • Oct 4, 2017 2:40am Oct 4, 2017 2:40am
Quoting ktoTam
{quote} Got few more @1308.44 w/ stp above 1316.8
Closing now.
Placing sell lmt @1316
Time is your friend; impulse is your enemy.
  • #43,687
  • Edited 6:44am Oct 4, 2017 6:27am | Edited 6:44am
Don't know if i name it right, but maybe a bearish divergence (whatever) is about to form on gold? Not an expert there.

Just knowing the gold's range border still holds 1274 level locked in between 1281.50 and 1266.50. Flipping the direction around these zones is a natural range behaviour... One can never be sure for how long the range will be. I am just guessing it now it will continue...
Attached Image (click to enlarge)
Click to Enlarge Name: golds-bearish-divergence???.png Size: 24 KB


EDIT 1: Shit! Instead of scoring a goal, I maybe just hit the top post?!? The next 20-30 pips, I call them (up to 1283), will be hot for me!

EDIT 2: I just saw 1273 just break out from the frame. It looks the frame will be no more... It seems all details are important to look at?
Maadik Hugiis. IQ 69.
  • #43,688
  • Oct 4, 2017 6:40am Oct 4, 2017 6:40am
Quoting MoneyZilla
Don't know if i name it right, but maybe a bearish divergence (whatever) is about to form on gold? Not an expert there. Just knowing the gold's range border still holds 1274 level locked in between 1281.50 and 1266.50. Flipping the direction around these zones is a natural range behaviour... One can never be sure for how long the range will be. I am just guessing it now it will continue... {image}
Look at Platinum its got setup rdy to take 970+
Thats why i rid off my lower gold shorts, even i cant see buy on it.
Gold should have bigger retrace now if fallows plat before finishing mt leg 1193
Time is your friend; impulse is your enemy.
  • #43,689
  • Edited 7:02am Oct 4, 2017 6:40am | Edited 7:02am
US eq. become little heavy. Looks overbougth. Non Farm Payroll coming Friday. I think some profit taking up there.
Money flows from eq. to gold.

Euro little up/US$ down. Usually gold goes up then.

Draghi and Yellen on the mic. Today.

Counter trade. Based on Market Profile/MA lines and Ichimoku
I trade Futures

Possible resistance @ 1287 (Future price) POC (Price Of Controll) of last Week.
Attached Image (click to enlarge)
Click to Enlarge Name: MGC 12-17 (60 Range) 2017_10_04.png Size: 92 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #43,690
  • Oct 4, 2017 7:04am Oct 4, 2017 7:04am
Quoting MoneyZilla
Don't know if i name it right, but maybe a bearish divergence (whatever)...
This might help
Attached Image
  • #43,691
  • Edited 7:35am Oct 4, 2017 7:25am | Edited 7:35am
Quoting Dutchy Daxy
US eq. become little heavy. Looks overbougth. Non Farm Payroll coming Friday. I think some profit taking up there. Money flows from eq. to gold. Euro little up/US$ down. Usually gold goes up then. Draghi and Yellen on the mic. Today. Counter trade. Based on Market Profile/MA lines and Ichimoku I trade Futures Possible resistance @ 1287 (Future price) POC (Price Of Controll) of last Week. {image}
Flat +35 pips last lot. Price doesn´t want to cross the 1287 so far
It's better to be out wishing to be in... than to be in wishing to be out!
  • #43,692
  • Oct 4, 2017 8:05am Oct 4, 2017 8:05am
Quoting MoneyZilla
EDIT 1: Shit! Instead of scoring a goal, I maybe just hit the top post?!? The next 20-30 pips, I call them (up to 1283), will be hot for me!
So far the range survived... Maybe it is not a top post hit? Might be a Brazilian goal, instead?!?
Quote
EDIT 2: I just saw 1273 just break out from the frame. It looks the frame will be no more... It seems all details are important to look at?
Yet, 1273 and 1274 have cleared out. So... The divergence is still happening.
Attached Image (click to enlarge)
Click to Enlarge Name: golds-bearish-divergence-really???.png Size: 28 KB


I just melted down -55k and over of DD by changing the positions from buy to sell. I was with almost 100 net buy lots before the change.
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I have flipped around 1279 to sell...
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Most of the times I know your dirty little tricks, you golden piece of shit!
Maadik Hugiis. IQ 69.
  • #43,693
  • Oct 4, 2017 8:40am Oct 4, 2017 8:40am
Quoting Visionary
{quote} I am looking at 1278.XX first and as much as 1282.xx for now. Without a weekly close over 1282.xx then upside will be limited for now.
Target reach and sell in play as plan.

Quoting Visionary
{quote} Yes, I looking to add to sells but looking for 1278.xx first. Then I start to look.
Fix coming up. After reaching 1282.xx lets see if we remain Bullish on the day after the Fix or we start attacking 1248.xx
  • #43,694
  • Oct 4, 2017 9:09am Oct 4, 2017 9:09am
Quoting Visionary
{quote} Target reach and sell in play as plan. {quote} Fix coming up. After reaching 1282.xx lets see if we remain Bullish on the day after the Fix or we start attacking 1248.xx
1275.xx is the Mid for the day so we Fix Bearish against 1282 Risk For the decision. I am lock and loaded at good place for 1248.xx in mind let see if we can get a Bearish roll at the end of the day and break of 1268.xx. Moving all my stops to 1278.xx including 1351.xx i have running.
  • #43,695
  • Oct 4, 2017 9:24am Oct 4, 2017 9:24am
We should not get over excited, cause gold is still in the middle of nowhere... I have warned about the opening price (1272) touch. It went even below a little. The pair is still in range and probably will stay until Friday in such condition.

I had a very hefty profit. But will hold my 1279 sell open until the other breakout line. If it ever goes to the other shore at 1268? I do not know. Rules are rules. That is it. 1283 is still an option, but I will deal with it tomorrow, when i see what are the top/bottom prices and tomorrows open.

My max PL:
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I almost closed it at 83k, then decided - no touches until the next end of the range:
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Some TL, fake breakout, suggests going back to 128X.
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Maadik Hugiis. IQ 69.
  • #43,696
  • Oct 4, 2017 9:44am Oct 4, 2017 9:44am
Quoting MoneyZilla
We should not get over excited, cause gold is still in the middle of nowhere... I have warned about the opening price (1272) touch. It went even below a little. The pair is still in range and probably will stay until Friday in such condition. I had a very hefty profit. But will hold my 1279 sell open until the other breakout line. If it ever goes to the other shore at 1268? I do not know. Rules are rules. That is it. 1283 is still an option, but I will deal with it tomorrow, when i see what are the top/bottom prices and tomorrows open. My max PL:...
Yes that is why i move my stops to 1278. for at the same time Toyoko went home Bullish. And without 1268.xx break then Bears will begin to be trap and weekly close above 1282.xx will get some Bullish momentum.
  • #43,697
  • Oct 4, 2017 9:50am Oct 4, 2017 9:50am
Quoting MoneyZilla
We should not get over excited, cause gold is still in the middle of nowhere... I have warned about the opening price (1272) touch. It went even below a little. The pair is still in range and probably will stay until Friday in such condition. I had a very hefty profit. But will hold my 1279 sell open until the other breakout line. If it ever goes to the other shore at 1268? I do not know. Rules are rules. That is it. 1283 is still an option, but I will deal with it tomorrow, when i see what are the top/bottom prices and tomorrows open. My max PL:...
Do you understand how the Fix work?
  • #43,698
  • Oct 4, 2017 10:02am Oct 4, 2017 10:02am
Quoting Visionary
{quote} Do you understand how the Fix work?
I have no idea what Fix is. Hear it for a very first time. What is it?
Maadik Hugiis. IQ 69.
  • #43,699
  • Edited 11:12am Oct 4, 2017 11:00am | Edited 11:12am
Intresting

The London Gold Fix

The London Gold Fix involves gold dealers from London's five biggest bullion banks establishing a common transaction price for a large pool of purchase and sale orders. They do this twice each business day - first at 10:30am (the Morning Fix) and then again at 3pm (the Afternoon Fix).
The participating bullion banks will be acting both on their own behalf and for those customers of theirs who have issued limit orders for them to trade at the London Gold Fix price. No-one knows what the Gold Fix will be before it is declared.
The Gold Fix establishes the price at which the gross amount of gold on buy orders matches the gross amount of gold on sell orders - across all the participating banks.
The Gold Fix Chairman will start the fixing process by declaring a price - usually very near the ongoing spot market gold price.
Assuming this price the participant banks aggregate all the limit orders they have received - both buys and sells - and declare to the Chairman the net quantity of gold they would buy, or sell, at the proposed price.
If the net effect across all the participant banks is in balance, then that price will become the current London Gold Fix price. More commonly the buyers and sellers are not immediately in balance. Then the Chairman will adjust the proposed price, upwards if there are too many buyers, and downwards if there are too many sellers.

An upwards price adjustment from the chair will cause

  1. The prospective price to exceed some of the purchase order limits, which causes those orders to drop out of the pool and has the effect of reducing demand, and
  2. The prospective price to exceed some of the sale order limits, which causes those orders to come into the pool and has the effect of increasing supply.

An downwards price adjustment from the chair will cause

  1. The prospective price to drop below some of the purchase order limits, which causes those orders to be included in the pool and has the effect of increasing demand, and
  2. The prospective price to drop below some of the sale order limits, which causes those orders to drop out of the pool and has the effect of decreasing supply.

https://www.bullionvault.com/gold-guide/gold-fix

The article is much longer.

It's better to be out wishing to be in... than to be in wishing to be out!
  • #43,700
  • Oct 4, 2017 12:00pm Oct 4, 2017 12:00pm
hey dutchy --- and do NOT forget d frikkin rotschilds FIX lol [could't Resist to post ]
da n0o0b + $hit_Disturber
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