XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2257 | Metals Mine

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

  • #45,121
  • Jan 3, 2018 12:12am Jan 3, 2018 12:12am
Quoting Ehtesham
I also agree ^^^ I haven't kept long on XAU once it touched 1300. but all technical say, it will go further, I am watching and seeing at the moment. Correction is very much there any moment
Still doesnt look like it wanna come down tho lol.
  • #45,122
  • Jan 3, 2018 12:22am Jan 3, 2018 12:22am
Inserted Video
  • #45,123
  • Jan 3, 2018 12:29am Jan 3, 2018 12:29am
Quoting Aleksbuk
https://www.youtube.com/watch?v=QWCQrWEVFZo
Thanks for sharing
  • #45,124
  • Jan 3, 2018 12:46am Jan 3, 2018 12:46am
the reason for which I am cautious on going long on Gold is. half of the price increase will be because dollar got weaken, but half got it because of buying of Gold.
Now investors will look for taking out their money and Gold will do some correction/reversal

for me trend is still up, but any news or geopolitical happening can change it.
Ehtesham Bokhari
  • #45,125
  • Jan 3, 2018 3:37am Jan 3, 2018 3:37am
Truth is gold is at a crossroads.

KP

Quoting Ehtesham
the reason for which I am cautious on going long on Gold is. half of the price increase will be because dollar got weaken, but half got it because of buying of Gold. Now investors will look for taking out their money and Gold will do some correction/reversal for me trend is still up, but any news or geopolitical happening can change it.
Do your homework, follow the footprints of smart money
  • #45,126
  • Jan 3, 2018 3:51am Jan 3, 2018 3:51am
Short gold for 1320 and 1321 since early morning, target 1292. sl 1324
Previously shorted at 1317.50 but was sl at 1319.
  • #45,127
  • Jan 3, 2018 4:05am Jan 3, 2018 4:05am
whats makes you think that it will not break 1321 level.

it has only tested this level once. It may break it on its second hit. How ever, today's day closing is very very critical in my point of view.
if it closes some where around 1306 or below, then we may see a chance in trend
Ehtesham Bokhari
  • #45,128
  • Jan 3, 2018 4:17am Jan 3, 2018 4:17am
It is highly likely the rate to get locked in about $15-16 dollars range. Maybe something like 1321-1306. Will know more details by end of today. So, ranging until Friday. Even next Monday, maybe? The NFP news almost always guarantee 2-3 days of ranging, at least.
Maadik Hugiis. IQ 69.
  • #45,129
  • Jan 3, 2018 6:28am Jan 3, 2018 6:28am
Think any north action will have a preceding south action, and the rest is enemy action
  • #45,130
  • Jan 3, 2018 8:26am Jan 3, 2018 8:26am
Im selling the 61.8% retracement at 1317 on the daily move down to 1311. Ill give it one hour, if its not going down Im out...or long.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,131
  • Jan 3, 2018 8:54am Jan 3, 2018 8:54am
FOMC readings in 4 hours from now, jorgen.fx. Keep this in mind. It might get very exciting. Maybe going down in your direction or maybe not?
Maadik Hugiis. IQ 69.
  • #45,132
  • Jan 3, 2018 9:26am Jan 3, 2018 9:26am
Oanda traders net selling them now so i'm buying
  • #45,133
  • Jan 3, 2018 9:30am Jan 3, 2018 9:30am
If only it was that simple. The crowd is NOT always wrong. Just most of the time.
  • #45,134
  • Jan 3, 2018 10:37am Jan 3, 2018 10:37am
Quoting atom3
I closed my longs on Silver at 17.18$ will be on the sidelines. The price has being going up for some time now so a correction should not be far away, maybe... Also the charts look overbought on 1h, 4h and 1d
Silver bounced off from 17.18 yesterday but today it is testing that level again and it may break out above it, I am still keeping my long position open despite the retracement.
  • #45,135
  • Jan 3, 2018 1:25pm Jan 3, 2018 1:25pm
Quoting james1254
{quote} Silver bounced off from 17.18 yesterday but today it is testing that level again and it may break out above it, I am still keeping my long position open despite the retracement.
don't get shaked out. it's only small reaction from the market
  • #45,136
  • Jan 3, 2018 2:27pm Jan 3, 2018 2:27pm
top around 1335 with 1307 bottom or bottom around 1290 and top at 1321 for this week?
Maadik Hugiis. IQ 69.
  • #45,137
  • Jan 3, 2018 3:55pm Jan 3, 2018 3:55pm
Quoting MoneyZilla
top around 1335 with 1307 bottom or bottom around 1290 and top at 1321 for this week?
i think it will depend on the NFP first.
  • #45,138
  • Edited 8:50pm Jan 3, 2018 7:36pm | Edited 8:50pm
Quoting SunTrader
If only it was that simple. The crowd is NOT always wrong. Just most of the time.
I agree, the trade and pending trade positioning indicator offered by some brokers has not been a reliable trade mechanism.

Unfortunately it is not just about the crowd being wrong, for many who cannot access true ECN brokers, spread flexing and stop hunting stacks the odds in the favour of the broker.
https://www.businessinsider.com.au/i...7-12?r=UK&IR=T
  • #45,139
  • Jan 3, 2018 11:51pm Jan 3, 2018 11:51pm
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  • #45,140
  • Jan 4, 2018 12:12am Jan 4, 2018 12:12am
Quoting james1254
{quote} Silver bounced off from 17.18 yesterday but today it is testing that level again and it may break out above it, I am still keeping my long position open despite the retracement.
There is a well defined double top on 1 and 4h frames at Silver. It's not so much on gold but still a further retracement bellow current price is expected.

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