XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2363 | Metals Mine

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

  • #47,241
  • Aug 2, 2018 6:02pm Aug 2, 2018 6:02pm
You can say that the downward move is losing steam.

KP

Quoting KeenPips
The XAUUSD market has been largely ambivalent for a few weeks. Just check the nature of the candlesticks printed on the daily time frame, they are somewhat on both directions even though there is a slight disposition towards bears. But there is little to choose in terms of sustainable directional bias. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #47,242
  • Aug 2, 2018 6:17pm Aug 2, 2018 6:17pm
Quoting KeenPips
You can say that the downward move is losing steam. KP {quote}
Seriously?

You might be right but I see no signs of it whatsoever.
  • #47,243
  • Aug 2, 2018 8:30pm Aug 2, 2018 8:30pm
Quoting KeenPips
You can say that the downward move is losing steam. KP {quote}
If rates in most major countries are going up shouldn't we generally be shorting XAU? I'm planning on getting in and out of short positions and sitting on the sidelines when there is no short setup.
careful not to step in a pile of it
  • #47,244
  • Aug 2, 2018 9:32pm Aug 2, 2018 9:32pm
Seen H1 3 long tails down from MA20/50
Also seen H4 long tails down from MA20/50
Follow the downtrend
Possible to close today ... it's Friday
Trade safe Bros
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  • #47,245
  • Aug 2, 2018 11:10pm Aug 2, 2018 11:10pm
Quoting SunTrader
{quote} Seriously? You might be right but I see no signs of it whatsoever.
not in larger TF definitely ..
there's small pullback from 1206.xx ..
but i doubt that it can hold more downward movement from larger TF ie 4H & 1D.

is interesting to see where it close this week.

trying long from @1206.. lets see
  • #47,246
  • Aug 3, 2018 1:10am Aug 3, 2018 1:10am
Good on you! Sitting on the sidelines and waiting for an A-grade setup is advisable when markets are ambivalent.

Trade safe and prosper.

KP

Quoting bulltrap
{quote}.... I'm planning on getting in and out of short positions and sitting on the sidelines when there is no short setup.
Do your homework, follow the footprints of smart money
  • #47,247
  • Aug 3, 2018 2:01am Aug 3, 2018 2:01am
I wish to see gold at 1050. And if I do I will put all my equity buying it. Crazy me
  • #47,248
  • Aug 3, 2018 2:40am Aug 3, 2018 2:40am
Quoting basit1
I wish to see gold at 1050. And if I do I will put all my equity buying it. Crazy me
i'll bet you 10 bucks that when that happens, you (and most people) will be too scared to buy the dip!!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #47,249
  • Aug 3, 2018 2:53am Aug 3, 2018 2:53am
Quoting theDHT
{quote} i'll bet you 10 bucks that when that happens, you (and most people) will be too scared to buy the dip!!
Whenever I enter a trade big or small, I just remember this image. ....
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  • #47,250
  • Aug 3, 2018 6:08am Aug 3, 2018 6:08am
Quoting rokokdaun
{quote} not in larger TF definitely .. there's small pullback from 1206.xx .. but i doubt that it can hold more downward movement from larger TF ie 4H & 1D. is interesting to see where it close this week. trying long from @1206.. lets see
small pullback from 1206 ?

Edit: I see now, you are talking spot or fx price, not futures..
  • #47,251
  • Aug 3, 2018 6:25am Aug 3, 2018 6:25am
Quoting SunTrader
{quote} small pullback from 1206 ? Edit: I see now, you are talking spot or fx price, not futures..
yes fx price of xauusd..

hopefully 1204 is the lowest low for today.

holding my long.

Goodluck!
  • #47,252
  • Aug 3, 2018 7:23am Aug 3, 2018 7:23am
the most tricky move just before the news strength us XAU .

in 7 minutes it find a massive drop or it booms to 1220+

Think Think Think.
  • #47,253
  • Aug 3, 2018 7:29am Aug 3, 2018 7:29am
Quoting Onyx1
{quote} What did the FOMC report say ?
I only look for reactions in the market to the FOMC statement, the less I know the better for my trading

Lets see what NFP brings us...in one minute
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #47,254
  • Aug 3, 2018 8:02am Aug 3, 2018 8:02am
Quoting rokokdaun
{quote} yes fx price of xauusd.. hopefully 1204 is the lowest low for today. holding my long. Goodluck!
out @1214.xx.

trying long usdcad @1.30000
  • #47,255
  • Aug 3, 2018 8:36am Aug 3, 2018 8:36am
Scalp short 1215. Dollar recovering the dip. EURUSD already back to todays bottom. Will gold follow eventually?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #47,256
  • Aug 3, 2018 9:57am Aug 3, 2018 9:57am
Quoting rokokdaun
{quote} out @1214.xx. trying long usdcad @1.30000
You need to post screen shots of your Trade and plan before and once opened with valid reasons ,as to not look like your Talking BS and making yourself look stupid,

Targets 1 & 2 hit, stop loss moved to plus 80.
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  • #47,257
  • Aug 3, 2018 12:10pm Aug 3, 2018 12:10pm
I am considering opening a long on Silver but I will likely do that next week.
  • #47,258
  • Aug 3, 2018 12:36pm Aug 3, 2018 12:36pm
buy
sl:1211
tp1:1225
  • #47,259
  • Aug 4, 2018 10:49am Aug 4, 2018 10:49am
Not sure about the latest spike.
Friday hunt??

Anyway, sell 1220, 1235, 47 and 60. These are fibos or last highs. Target i had charted but can't find.
1105 sounds ok. Decide later.


Quoting pipsy7
{quote} -------7 ---------as always , only bla bla9 = show - post on Real Genuine LIVE Charts lol = I'll post mine soon
Ohhh about Ronda??
Yeahhh.
Little lying, never changed.

She'll say now how she shorted at $2700. Gold. 0

Oh she shorted bitcoin at 3000 too
Beware of robber banks (RB), bad advisors.
  • #47,260
  • Aug 5, 2018 2:31pm Aug 5, 2018 2:31pm
Here's my take on XAUUSD, from a technical perspective.

The bearish momentum on the XAUUSD market, which began in May 2018, seems to be waning. Price action has enterered a significant horizontal support zone, the 1204.70 area, which was last visited in July 2017. A confluence of resistance in the shape of an ascending trendline (black) from the low of November 2015 reinforces the area as a barrier.

Price action on the daily time frame is disposing southward. The market has moved below a descending trendline (chocolate) from the high of April 2018 and price action is now respecting an inner trendline (blue). The candlesticks printed since July 2018 have mainly been ‘wicky’ and resulted in the formation of a mini-triangular pattern (magenta), which was broken down on Wednesday last week. There was a bearish follow-up on Thursday last week but bulls intervened on Friday to take price action northward, retesting the base of the triangle (magenta). We may see a brief northward move or sideways operation early this week before bears regain control of the market. The horizontal support around 1200.00/1195.00 is likely to be exposed should bears garner the momentum for their drive.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
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