XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2285 | Metals Mine

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

  • #45,681
  • Feb 21, 2018 1:09pm Feb 21, 2018 1:09pm
Quoting Mitchoss
Cheeky long at 16.47 to see if we bounce here. Minor support for gold and silver but may eventuate based on the oversold nature of the short term charts. Let's see
Go you good thing. Run like the wind.
Watchikg this closely to see if this is noise or genuine shorting of US dollar and risk appetite trading.
a break of 16.75 will send us to 16.89-93 region.
gold needs to break 1335 and then retest it as support to confirm a resumption of the upward move.
  • #45,682
  • Feb 21, 2018 1:27pm Feb 21, 2018 1:27pm
Hi all i m new to forex trade. As a beginner in forex lost 500$ till now in gold trade and got cheated two times by buying indicators. Hope forexfactory and seniors here guide me to get successful.
  • #45,683
  • Feb 21, 2018 2:09pm Feb 21, 2018 2:09pm
hold short ?
Edit: On Gold
The true method of knowledge is experiment - W. Blake
  • #45,684
  • Feb 21, 2018 2:15pm Feb 21, 2018 2:15pm
I opened a long one at 16.50 base on technical stuff but I don't actually know what was the cause of the sudden drop 16.75-16.50 it might be some news in which case I can very well take some loss, so yea thats my point of view.
  • #45,685
  • Feb 21, 2018 2:16pm Feb 21, 2018 2:16pm
Quoting aneuronal
hold short ?
I would look to see how 1321 reacts now. I closed my longs when the 1335 was rejected. No open trades now but locked in the profits before this correction as it would have taken it all back.
  • #45,686
  • Feb 21, 2018 3:28pm Feb 21, 2018 3:28pm
Quoting Mitchoss
{quote} I would look to see how 1321 reacts now. I closed my longs when the 1335 was rejected. No open trades now but locked in the profits before this correction as it would have taken it all back.
Yup 1335 was my TP and i closed my gold long an hour before it spiked. But ya news was positive and usd fell may be corrections by central banks. Now we should see what 1321 reacts as you said.
Believe in your thesis and stick to the plan, don't get scared with moves
  • #45,687
  • Feb 21, 2018 3:31pm Feb 21, 2018 3:31pm
USD rose, not fell.
  • #45,688
  • Feb 21, 2018 4:05pm Feb 21, 2018 4:05pm
Quoting SunTrader
USD rose, not fell.
yup fell before rising.
Attached Image (click to enlarge)
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Believe in your thesis and stick to the plan, don't get scared with moves
  • #45,689
  • Feb 21, 2018 4:29pm Feb 21, 2018 4:29pm
Quoting akash14
{quote} Yup 1335 was my TP and i closed my gold long an hour before it spiked. But ya news was positive and usd fell may be corrections by central banks. Now we should see what 1321 reacts as you said.
I bloody love dips like this. Excellent buying oppprtunities!
  • #45,690
  • Feb 21, 2018 5:23pm Feb 21, 2018 5:23pm
It is better to wait for price action to enter a significant support zone, preferably a weekly time frame support zone. Technically, the market is still bearish but we may see a reaction for a northward turnaround around the 1315.90 area.

KP
Do your homework, follow the footprints of smart money
  • #45,691
  • Feb 21, 2018 11:34pm Feb 21, 2018 11:34pm
Inserted Video
  • #45,692
  • Feb 22, 2018 7:18am Feb 22, 2018 7:18am
Are you tracking XAUUSD? Be wary of Gold! Why is price action on Gold ambivalent so far? There is still a target of bears southward; remember yesterday's post and the zone indicated. Any fundamental news may be seized upon to drive price action to the zone before a northward turnaround.

KP

Quoting KeenPips
It is better to wait for price action to enter a significant support zone, preferably a weekly time frame support zone. Technically, the market is still bearish but we may see a reaction for a northward turnaround around the 1315.90 area. KP
Do your homework, follow the footprints of smart money
  • #45,693
  • Feb 22, 2018 9:03am Feb 22, 2018 9:03am
Went for a long from 16.43 to 16.56 and closed it.
Off to bed for me I'm exhausted, Aussie trading US session all week is rough on the sleep schedule
  • #45,694
  • Feb 22, 2018 9:45am Feb 22, 2018 9:45am
Quoting Mitchoss
Went for a long from 16.43 to 16.56 and closed it. Off to bed for me I'm exhausted, Aussie trading US session all week is rough on the sleep schedule
Nice work You have any favourite indicators on your charts?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,695
  • Feb 22, 2018 10:26am Feb 22, 2018 10:26am
Quoting atom3
I opened a long one at 16.50 base on technical stuff but I don't actually know what was the cause of the sudden drop 16.75-16.50 it might be some news in which case I can very well take some loss, so yea thats my point of view.
Aand closed. It was a good trade after all. I would like to see price reaching 17+$ but not today I guess.

Quoting Mitchoss
Went for a long from 16.43 to 16.56 and closed it. Off to bed for me I'm exhausted, Aussie trading US session all week is rough on the sleep schedule
We got a well defined doble bottom on Silver, wasn't you tempted to leave the longs for a larger move up ? I did but I was too uncertain. Indicators still point to oversold too on 4 hours and daily.
  • #45,696
  • Feb 22, 2018 10:50am Feb 22, 2018 10:50am
Quoting Mitchoss
Went for a long from 16.43 to 16.56 and closed it. Off to bed for me I'm exhausted, Aussie trading US session all week is rough on the sleep schedule
Hi there, I feel your pain mate as I do the same thing. Do you track the USDX (dollar index) to help with possible silver entries/ exits?
Both XAG and XAU seem slightly bearish still even though there was that nice double bot on silver.
Best Regards, Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #45,697
  • Feb 22, 2018 3:20pm Feb 22, 2018 3:20pm
Quoting atom3
{quote} Aand closed. It was a good trade after all. I would like to see price reaching 17+$ but not today I guess. {quote} We got a well defined doble bottom on Silver, wasn't you tempted to leave the longs for a larger move up ? I did but I was too uncertain. Indicators still point to oversold too on 4 hours and daily.
Depends how you look at the graph and what you want to see. Some would argue that 16.7-75 region is was rejected twice and could head further south. I’ll look for a small pullback to 16.48 and would re-enter.. if we don’t get back there I’ll sit out and watch till I get another signal. I don’t like to try jump on the train once it’s left the station, that’s how people get caught off guard and stuck in trades
  • #45,698
  • Feb 22, 2018 3:23pm Feb 22, 2018 3:23pm
Quoting jorgen.fx
{quote} Nice work You have any favourite indicators on your charts?
Stoch Macd and rsi with some custom settings on stoch to suit my timeframe of trading
  • #45,699
  • Feb 22, 2018 9:43pm Feb 22, 2018 9:43pm
Inserted Video
  • #45,700
  • Feb 23, 2018 9:34am Feb 23, 2018 9:34am
Quoting sagarlocker
Hi all i m new to forex trade. As a beginner in forex lost 500$ till now in gold trade and got cheated two times by buying indicators. Hope forexfactory and seniors here guide me to get successful.
I have the folder of the books that I read in google drive and I also add others as I read them. If you or anyone who wants it, just send me a PM with your mail to add them and send them the link. The folder is private for copyright reasons.
The true method of knowledge is experiment - W. Blake
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