First half of the week?
XAUUSD
DXY
XAUUSD
DXY
90% of people, are wrong about 90% of everything, 90% of the time...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #46,461
- Apr 9, 2018 3:11am Apr 9, 2018 3:11am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
- #46,462
- Apr 9, 2018 7:56am Apr 9, 2018 7:56am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
At the moment, the close price is above the median one, which is a sign for moving up.
If they move it up, there would be 4 tops and 4 bottoms, eventually.
If they move it up, there would be 4 tops and 4 bottoms, eventually.
Maadik Hugiis. IQ 69.
- #46,463
- Edited 8:34am Apr 9, 2018 8:01am | Edited 8:34am
- | Membership Revoked | Joined Dec 2016 | 1,824 Posts
da n0o0b + $hit_Disturber 
- #46,464
- Apr 9, 2018 9:49am Apr 9, 2018 9:49am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Although price action on XAUUSD is technically northward, it is presently in a correction (bound in black lines) around the 23.6/32.8 Fib retracement zone of the recent upward swing on the daily time frame. In fact, an intraday triangular pattern (magenta) can be seen on the H4 time frame and there may be a southward pullback to around the 1321.85 before a northward turnaround.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #46,465
- Apr 9, 2018 11:06am Apr 9, 2018 11:06am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
Although price action on XAUUSD is technically northward, it is presently in a correction (bound in black lines) around the 23.6/32.8 Fib retracement zone of the recent upward swing on the daily time frame. In fact, an intraday triangular pattern (magenta) can be seen on the H4 time frame and there may be a southward pullback to around the 1321.85 before a northward turnaround. I may be wrong. Trade safe and prosper. KP {image}
nice chart, and i agree overall. tho i think ~1341 would be a great place to short!
it is important to note that since the start of the severe volatility in equity markets (Jan 29th to presently), gold has not rallied in a significant way to breakout above the july 2016 high. even tho the DOW tested the feb low last week, gold did not confirm by testing its feb high (see chart)
this also ties in nicely with what we are seeing in the USD, which may be bumping into a significant demand region, the line in the sand is at the 9090 level on a weekly closing basis (breaching above the high on march 1st)
to me, this reads as a topping pattern.
ultimately, there is a risk that gold ends up testing the 1180/1160 region before rallying to new highs (in 2019)
just my 2 cents!
play safe!
90% of people, are wrong about 90% of everything, 90% of the time...
A V/G tradin_buddy married with 2 kids died Last wk in a car crash , i happen 2 know that he had abt 420K usd in his acct . but his wife who had NO interest in his tradin did Not know till i told her - she dont even know his PW from this acct. Now she has to take an Xpensive lawyer to get[try] her $$$ out from this fukkin dealer aka broker , funds that she + her kids Very much need ! I learned sumetin from this tooo , Now i make my Wife hav interest in my tradin + she knows d PW soo that she can close d acct if [when] need be . and NOT to waist...
Hope it's not too late...If the wife happens to know the husband's mobile phone password, maybe she can click reset button on the account, and an email reset password link will be sent to the email? The email inbox is usually synced to the husband's phone. If she goes through her husband's email inbox, she may even find the account number as it's usually the first email ppl receive from the broker, and most people don't delete it. Or, there may be a mobile trading app on the phone. If log in is not saved, there's usually the account number saved on the app, but not the password. The password can be retrieved from the email reset link. Worst case scenario, the phone is not synced with the email, the wife can always show the death certificate to the email company and ask for the password. Since no money is involved, the email company is usually happy to give the new password to the wife, and that's how she can get the trading password.
I hope your fd rest in peace.
- #46,472
- Apr 9, 2018 11:34pm Apr 9, 2018 11:34pm
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
the future:
DXY 240 min
DXY 240 min
90% of people, are wrong about 90% of everything, 90% of the time...
- #46,473
- Apr 9, 2018 11:45pm Apr 9, 2018 11:45pm
- Joined Jun 2016 | Status: Trader | 3,004 Posts
Gold fro today
- #46,475
- Apr 10, 2018 1:31am Apr 10, 2018 1:31am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
- #46,477
- Apr 10, 2018 2:41am Apr 10, 2018 2:41am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
- #46,478
- Apr 10, 2018 6:17am Apr 10, 2018 6:17am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Selling it at the moment from the 1334-1331 area. It's being 8 directional flips already. There should be a big move near the corner. Hopefully.
Now a faithful buyer at around 1336...
1343 is now my dream.
Stay there for 8-12 hours?
And then?
If we could go down to 1313 or 1317?
Awesome plan!
Maadik Hugiis. IQ 69.
- #46,479
- Apr 10, 2018 6:29am Apr 10, 2018 6:29am
{quote} Another flip...
- #46,480
- Apr 10, 2018 6:33am Apr 10, 2018 6:33am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} based on descending trendline on H1, I think 1341,5 max, if brake and close above it.. maybe 1348
1348 today? I am ALL lovin it!
Maadik Hugiis. IQ 69.