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

  • #47,081
  • Jul 13, 2018 12:46pm Jul 13, 2018 12:46pm
Silver is trying to break out below 15.75 yet again, but I am unwilling to open new positions at the end of the week.
  • #47,082
  • Jul 14, 2018 12:45pm Jul 14, 2018 12:45pm
1241 is a strong support, but IMO USD/JPY has another leg up, so I would be looking to buy gold at 1230 instead.
  • #47,083
  • Jul 14, 2018 2:32pm Jul 14, 2018 2:32pm
Hi StarsK,
I also have 1241 as a possible support level [for a correction].
The MLY, WLY and DLY are all RED and trending down.
Will the 4H pin bar provide Support is the question?
XAUUSD 4H Chart:
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 180715 4H [1].png Size: 65 KB
Wait, or you will be slaughtered!
  • #47,084
  • Jul 14, 2018 2:39pm Jul 14, 2018 2:39pm
XAUUSD 12H Chart:
This indicates that a reversal [Long] is a possibility.
A Doji reversal Candlestick at a previous Support Level.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 180715 12H [1].png Size: 51 KB
Wait, or you will be slaughtered!
  • #47,085
  • Jul 14, 2018 2:44pm Jul 14, 2018 2:44pm
Quoting Alluri
{quote} Hey sun trader what kind of levels are these. Can you share the Indi or template if any. Cheers Vishal
Don't worry about it. Might be one of the most useless charts I have ever seen posted at the factory and that is saying something.

This guy is the only member I know who posts charts that are fundamentally incorrect. So, harmful, to other members.

There are a lot of useless charts and posts around here but he is the only one I know who is fundamentally incorrect.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #47,086
  • Jul 14, 2018 3:10pm Jul 14, 2018 3:10pm
Quoting Mr. Scott
{quote} Don't worry about it...
Guess you don't know the difference between technical and fundamental. Or probably much of anything else.

Besides they didn't ask YOU!

But let me guess you're an upset Trumpkin.
  • #47,087
  • Jul 14, 2018 9:32pm Jul 14, 2018 9:32pm
Quoting SunTrader
{quote} Guess you don't know the difference between technical and fundamental. Or probably much of anything else. Besides they didn't ask YOU! But let me guess you're an upset Trumpkin.
Ding dong, apparently reading comprehension is not your forte.

Not talking about fundamentals. Try again.

Read it real slow.

Not really sure what politics has to do with that post...
The world you desire can be won. It exists.. it is real.. it is possible..
  • #47,088
  • Jul 15, 2018 12:56am Jul 15, 2018 12:56am
Quoting Uturn2
XAUUSD 12H Chart: This indicates that a reversal [Long] is a possibility. A Doji reversal Candlestick at a previous Support Level. Cheers, U2
Hi, thanks for your reply. I am also looking to long gold, but given its volatile nature, I am looking to buy in at a lower support price (1230-1236). Perhaps I would also use a buy-stop strategy on breakout around 1245.

What do you think? Thank you.
  • #47,089
  • Jul 15, 2018 7:11am Jul 15, 2018 7:11am
chill pill chill pill
Think Think Think.
  • #47,090
  • Jul 15, 2018 8:26am Jul 15, 2018 8:26am
Quoting Mr. Scott
{quote} Ding dong, apparently reading comprehension is not your forte. Not talking about fundamentals. Try again. Read it real slow. Not really sure what politics has to do with that post...
If you've got a point ... make it. Specifically.

Otherwise you are showing your lack of comprehension.
  • #47,091
  • Jul 15, 2018 1:53pm Jul 15, 2018 1:53pm
Quoting StarsK
{quote} Hi, thanks for your reply. I am also looking to long gold, but given its volatile nature, I am looking to buy in at a lower support price (1230-1236). Perhaps I would also use a buy-stop strategy on breakout around 1245. What do you think? Thank you.
Hi,
If it opens on the Long side,
I will look for a Buy on retracement,
at a higher low.
$1245 being $4 above $1241 is quite a healthy move.
There may be a better entry around $1243.
Cheers, U2
Wait, or you will be slaughtered!
  • #47,092
  • Jul 15, 2018 2:48pm Jul 15, 2018 2:48pm
Are you tracking Gold this week? Consider the following top-down technical perspective.

The XAUUSD market is in a consolidation phase. But the technicals on the daily time frame are in favour of a southward disposition. However, as current price action is located around a minor horizontal support zone (the 1239.90 area), which is in confluence with the support trendline of an ascending channel (blue), we may see a sideways operation and/or a northward retracement before any southward continuation. The minor horizontal resistance around 1263.50/60 may be exposed as a northward retracement target. A minor descending trendline (red) is in play.

On the H4 time frame, the order flow is in favour of bears. A minor descending trendline (magenta) is in play and the technicals are synced southward but the market mode is a consolidation. Towards the end of last Friday sessions, price action was slightly influenced by bulls but the two candlesticks printed were small in size. Nevertheless, should bulls attempt to push price action northward in the early part of this week, we may see them target the minor horizontal resistance around 1250.08/1257.06 (bound by horizontal magenta lines) or the minor descending trendline (magenta) before a southward turnaround. Failure on the part of bulls may see bears seize the initiative after a sideways operation. An initial target of bears is likely to be the horizontal support around 1213.90.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_D1_Top-Down_15th_July,_2018.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_H4_Top-Down_15th_July,_2018.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #47,093
  • Jul 16, 2018 1:46am Jul 16, 2018 1:46am
Inserted Video
  • #47,094
  • Jul 16, 2018 8:14am Jul 16, 2018 8:14am
So Gold is really going down south huh?
Strive for PERFECTION!!
  • #47,095
  • Jul 16, 2018 8:31am Jul 16, 2018 8:31am
Quoting Msizii
So Gold is really going down south huh?
No, otw to 1280
  • #47,096
  • Jul 16, 2018 8:39am Jul 16, 2018 8:39am
Quoting Msizii
So Gold is really going down south huh?
It's been doing that for 3 months now.
  • #47,097
  • Jul 16, 2018 10:11am Jul 16, 2018 10:11am
gold-m30
Attached Image (click to enlarge)
Click to Enlarge Name: Snap506.jpg Size: 63 KB
  • #47,098
  • Jul 16, 2018 12:05pm Jul 16, 2018 12:05pm
Silver is still testing the support at 15.75 and this week there may be a break out below that level.
  • #47,099
  • Jul 16, 2018 1:21pm Jul 16, 2018 1:21pm
I am watching platinum price ..I think 800 is historical support which is below the mining cost .
Last time bounce 60$ when touched 799.
I already bought today at 820 and will add more if goes further down .
  • #47,100
  • Jul 17, 2018 4:58am Jul 17, 2018 4:58am
Quoting mahooo
{quote} No, otw to 1280
Im also expecting a bullish run, its having difficulty breaking the 1240 support so i went long at the start of the week and on 30 pip profit, but its retracing now to lets say 1214.
Strive for PERFECTION!!
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