XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2279 | Metals Mine

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

  • #45,561
  • Feb 6, 2018 8:37pm Feb 6, 2018 8:37pm
My short from 1344 close because hit my SL+ at 1329.. Target TP 1305 failed haha..

looking for a rejection on descending trendline on H4 (1340-1342) for short again, but if price brake and close above trendline, I'll wait my indicator for long signal..
  • #45,562
  • Edited Feb 7, 2018 12:07am Feb 6, 2018 11:50pm | Edited Feb 7, 2018 12:07am
Quoting Mitchoss
Shorts on xagusd closed at 16.603 1hr oversold - likely to bounce up to 16.75 before continuing the selloff. 4hr still got legs to move down, a break of 16.60 will see us at 16.30 daily still got legs to move down
Took the long from 16.603 to 17.45 successfully today.

Have a short open to see if we will continue down from here, will likely take until the US session kicks off before we see a decent move. Running a SL above 16.89

Happy trading
  • #45,563
  • Feb 7, 2018 12:03am Feb 7, 2018 12:03am
Mitchoss, I see you currently have short silver. hope silver goes down as I also short silver. all the best
  • #45,564
  • Feb 7, 2018 4:12am Feb 7, 2018 4:12am
Very quiet in here.. how’s everyone positioned with the volatility? Hope we’re all in the green machine.
  • #45,565
  • Feb 7, 2018 5:05am Feb 7, 2018 5:05am
Gold vs. EURUSD update - 120 min data.

Sixer
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  • #45,566
  • Feb 7, 2018 6:20am Feb 7, 2018 6:20am
Quoting Mitchoss
Very quiet in here.. how’s everyone positioned with the volatility? Hope we’re all in the green machine.
Whats your take on gold?
  • #45,567
  • Feb 7, 2018 7:04am Feb 7, 2018 7:04am
Gold from a purely technical point (Ichi) should try and get back to the Kijun (blue line) sitting at 1335.61 completing a short double bottom pattern on the H4.
Although weekly chart is telling me it is heading down to 1300 handle.. for me no clear trade right at the moment.. I am long in Silver (my playground) however they are long term trades with a TP of 21.
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A genius is born every minute, me I am lucky if my socks match.
  • #45,568
  • Feb 7, 2018 8:01am Feb 7, 2018 8:01am
being naughty and scalping the bear on silver..
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A genius is born every minute, me I am lucky if my socks match.
  • #45,569
  • Feb 7, 2018 8:12am Feb 7, 2018 8:12am
wow it is quiet in here.. currently trying to test a major support on Silver (D1 chart).. clearing a run down to 15.983.. however we are sitting right on the resistance now so wait..
A genius is born every minute, me I am lucky if my socks match.
  • #45,570
  • Feb 7, 2018 9:53am Feb 7, 2018 9:53am
Quoting whackdiddy
wow it is quiet in here.. currently trying to test a major support on Silver (D1 chart).. clearing a run down to 15.983.. however we are sitting right on the resistance now so wait..
I think many people are long on gold here and hanging for dear life.
  • #45,571
  • Feb 7, 2018 10:01am Feb 7, 2018 10:01am
Quoting MoneyFocus
{quote} I think many people are long on gold here and hanging for dear life.
Yeah, I have a few of those in silver and hanging on. I was sure it was going up one the S&P 500 news, but a big NOPE.. It is normally why I stay away from these channels of late and just focus on the charts, as they were telling me down down down and so I went long.. haha
A genius is born every minute, me I am lucky if my socks match.
  • #45,572
  • Feb 7, 2018 11:14am Feb 7, 2018 11:14am
Quoting MoneyFocus
{quote} Whats your take on gold?
i would expect we retest 1305 at some stage. The run up from the 2017 lows to 1365 was excessive and overstretched (in my opinion) and reflective of fresh money entering the market. On the silver front, I can see the test of <16 being correlated with the gold 1305 move if it eventuates. Silver will likely find strong buying around the 16.3-16.1 region

More on gold, I am not bias on golds long term trend as I trade the charts from a 1hr - 5 day timeframe. I feel those who are in "long term" positions waiting to see new highs etc are wasting a lot of opportunity and tying up unnecessary margin whereby they could otherwise be trading the short term swings and "easily" predictable channels.
  • #45,573
  • Feb 7, 2018 11:40am Feb 7, 2018 11:40am
Quoting Mitchoss
{quote} i would expect we retest 1305 at some stage. The run up from the 2017 lows to 1365 was excessive and overstretched (in my opinion) and reflective of fresh money entering the market. On the silver front, I can see the test of <16 being correlated with the gold 1305 move if it eventuates. Silver will likely find strong buying around the 16.3-16.1 region More on gold, I am not bias on golds long term trend as I trade the charts from a 1hr - 5 day timeframe. I feel those who are in "long term" positions waiting to see new highs etc are wasting...
Silver will very likely reach 16.30 or even 16.00 but whether the move to the downside will end there remains to be seen.
  • #45,574
  • Feb 7, 2018 11:55am Feb 7, 2018 11:55am
Quoting james1254
{quote} Silver will very likely reach 16.30 or even 16.00 but whether the move to the downside will end there remains to be seen.
I'll certainly swing long at 16.3 region as that would be all this leg down could push to without a bounce. USDX is also heading for a resistance point so it makes sense.
  • #45,575
  • Feb 7, 2018 12:25pm Feb 7, 2018 12:25pm
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my buy levels for gold at this point in time
  • #45,576
  • Feb 7, 2018 12:33pm Feb 7, 2018 12:33pm
I opened long now at 16.32$ I was looking at silver from time to time today thinking when to open a long or short in fact, reading the comments here as well. But for some reason I don't feel comfortable selling it at 16.50$ or even less because it just doesn't have that much room to go, how low can it go, like 14.50$ will be the lowest unless some 2008 crisis happens while on the up side the cap is at least 21$, isn't it.
  • #45,577
  • Feb 7, 2018 2:04pm Feb 7, 2018 2:04pm
I have the 8 hr spot gold h&s top with a target of 1285
  • #45,578
  • Feb 7, 2018 3:54pm Feb 7, 2018 3:54pm
Quoting Mitchoss
{quote} I'll certainly swing long at 16.3 region as that would be all this leg down could push to without a bounce. USDX is also heading for a resistance point so it makes sense.
grrr, I had a power nap and put a buy limit in at 16.28 and the price only went down to 16.285 haha, damn you ! Oh well, if it is in fact a reversal point I would expect a re-test of the area early in the Asia session to set the scene for the next 24-48hrs.
  • #45,579
  • Feb 7, 2018 4:58pm Feb 7, 2018 4:58pm
Quoting RondaRousey
{quote} When you are long, best to go short gold atm 1315 {quote} RR likes it short for now RR has been shorting black gold too
Yep, you might be right there, with AU/NU down looks like Gold heading further south_
The Spx500 also had another Bad day, UsdCad Up as Oil is down, Dollar-Yen struggles to break the 109
XauUsd quickly bounced again bounced from 1312 to 1317
Gold is full of surprises and we have seen all that Big movement up and it is hard to go against that movement
probably it is not gonna go down just like that, and I would be cautious
The Daily High of the 25th jan is Higher than the previous High of Sep 8th 2017
I am just happy catching my little comfortable gold swings_
The arriving better than the arrival, the journey has just started
  • #45,580
  • Feb 7, 2018 5:04pm Feb 7, 2018 5:04pm
Quoting jenbols
{quote} Yep, you might be right there, with AU/NU down looks like Gold heading further south_ The Spx500 also had another Bad day, UsdCad Up as Oil is down, Dollar-Yen struggles to break the 109 XauUsd quickly bounced again bounced from 1312 to 1317 Gold is full of surprises and we have seen all that Big movement up and it is hard to go against that movement probably it is not gonna go down just like that, and I would be cautious The Daily High of the 25th jan is Higher than the previous High of Sep 8th 2017 I am just happy catching my little comfortable...
Basically in the last 7 days I have shorting cryptos, stock indexes, oil, silver, gold, forex

Shorting across the board

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