XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2258 | Metals Mine

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

  • #45,141
  • Jan 4, 2018 12:13am Jan 4, 2018 12:13am
Quoting Vitallica
{quote} 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
There is also commitment of traders (COT) report published by CME weekly.
http://cotreport.cmegroup.com/User/Q...gratedCOTSheet
  • #45,142
  • Jan 4, 2018 1:42am Jan 4, 2018 1:42am
I'm out for now, tomorrow is NFp, no gambling here.
  • #45,143
  • Jan 4, 2018 4:57am Jan 4, 2018 4:57am
COMEX GOLD-Feb18
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  • #45,144
  • Jan 4, 2018 6:17am Jan 4, 2018 6:17am
Quoting Vitallica
{quote} 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.
No one ever said it was easy - and no one is forced to trade. Trading is about overcoming the odds.
  • #45,145
  • Jan 4, 2018 7:35am Jan 4, 2018 7:35am
Quoting MoneyZilla
top around 1335 with 1307 bottom or bottom around 1290 and top at 1321 for this week?
Yep
  • #45,146
  • Jan 4, 2018 7:42am Jan 4, 2018 7:42am
Quoting MoneyZilla
top around 1335 with 1307 bottom or bottom around 1290 and top at 1321 for this week?
with strong ADP, it seems likely that 1290 will become the bottom. What do you think @Moneyzilla?
  • #45,147
  • Jan 4, 2018 8:04am Jan 4, 2018 8:04am
Quoting FateAnother
{quote} with strong ADP, it seems likely that 1290 will become the bottom. What do you think @Moneyzilla?
Most, if not all direction changes happens after a short or long range breakout, which is the exact case at the moment... I am watching for the fake out right now. Honestly do not know the direction of the real breakout. But i will ride on it...

A Guy on the News might mention about the big demand of gold clit piercing and the price can jump to 1,400 in just few days...
Maadik Hugiis. IQ 69.
  • #45,148
  • Jan 4, 2018 8:15am Jan 4, 2018 8:15am
UJ and XAU/USD both up after ADP.....hmmmmm.
  • #45,149
  • Jan 4, 2018 8:42am Jan 4, 2018 8:42am
Quoting MoneyFocus
UJ and XAU/USD both up after ADP.....hmmmmm.
kinda weird right?
I think big guns are setting up some stage for tomorrow.
  • #45,150
  • Jan 4, 2018 9:14am Jan 4, 2018 9:14am
Quoting FateAnother
{quote} kinda weird right? I think big guns are setting up some stage for tomorrow.
Very weird. If we can decipher what this means, there will be plenty of pips. Maybe MoneyZilla can shed some light...
  • #45,151
  • Jan 4, 2018 9:51am Jan 4, 2018 9:51am
This rise baffles me greatly lol.
  • #45,152
  • Jan 4, 2018 9:57am Jan 4, 2018 9:57am
Weaker dollar, so it would be weird if it didn't go up?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,153
  • Jan 4, 2018 10:01am Jan 4, 2018 10:01am
Quoting jorgen.fx
Weaker dollar, so it would be weird if it didn't go up?
Both UJ and XAUUSD went up together. Lol. I'm not sure how weak the dollar is?

Sorry, correct me if I'm wrong...I'm just a noob...
  • #45,154
  • Jan 4, 2018 10:10am Jan 4, 2018 10:10am
Boom, just follow price
  • #45,155
  • Jan 4, 2018 10:47am Jan 4, 2018 10:47am
Quoting MoneyFocus
{quote} Both UJ and XAUUSD went up together. Lol. I'm not sure how weak the dollar is? Sorry, correct me if I'm wrong...I'm just a noob...
I agree, they usually correlates nicely.

Im thinking many traders with short positions have set stop loss just above yesterdays top 1321, so I wouldn't be shocked if the prices spikes above it before going down.

Im expecting resistance 1320/21 though. Time will show
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,156
  • Jan 4, 2018 10:59am Jan 4, 2018 10:59am
Quoting atom3
{quote} 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. {image}
Silver broke out above the double top if briefly and is now testing 17.25. It will likely be able to break out above that level too.
  • #45,157
  • Jan 4, 2018 1:35pm Jan 4, 2018 1:35pm
For the Gold bulls: Price target consideration for wave iii

Sixer
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  • #45,158
  • Jan 4, 2018 2:05pm Jan 4, 2018 2:05pm
Wow, wassup with gold lol
  • #45,159
  • Jan 4, 2018 2:13pm Jan 4, 2018 2:13pm
it is getting very interesting. maybe 1335-1340 from here is next? why not 1325->1290. that is going to be a lot of fun, but it is unlikely...
Maadik Hugiis. IQ 69.
  • #45,160
  • Jan 4, 2018 2:14pm Jan 4, 2018 2:14pm
Quoting MoneyZilla
it is getting very interesting. maybe 1335-1340 from here is next? why not 1325->1290. that is going to be a lot of fun, but it is unlikely...
Will the latter please happen? I wanna hop onto this bull train...
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