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XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #47,343
- Aug 19, 2018 3:06pm Aug 19, 2018 3:06pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my take on the XAUUSD, from a technical perspective.
On the H4 time frame, price action is operating in a descending channel (black). Four waves have been formed in the channel, and a fifth is bearing northward. Should bulls be successful in taking price action northward to complete a fifth wave, we may see a southward turnaround at the channel resistance. Otherwise, a minor horizontal resistance located around 1191.50 may be a barrier to further northward move.
I may be wrong. Trade safe and prosper.
KP
On the H4 time frame, price action is operating in a descending channel (black). Four waves have been formed in the channel, and a fifth is bearing northward. Should bulls be successful in taking price action northward to complete a fifth wave, we may see a southward turnaround at the channel resistance. Otherwise, a minor horizontal resistance located around 1191.50 may be a barrier to further northward move.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #47,347
- Aug 20, 2018 4:59am Aug 20, 2018 4:59am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
- #47,348
- Aug 20, 2018 7:52am Aug 20, 2018 7:52am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #47,349
- Aug 20, 2018 1:13pm Aug 20, 2018 1:13pm
Gold market testing though quarterly macd predictor so we need to monitor till the end of quarter to see if we get confirmed sell or a stop grabber buy. There are stops above 1377 level so if get a stop grabber buy we can see big rally on gold market. I m bullish on bitcoin and gold on the long term so focused on bullish scenarios.
Looking at our monthly; market pushing through COP agreement zone around 1209-1215. What is more interesting is we have demark s COMBO setups both on weekly and daily timeframes. İf we close the monthly back above this support that can be a clue for quarterly stop grabber.
BTW If we go down to 1hr timeframe we can see the railroad track type action togerher with demark signals. So lets see unless we get this scenario gold market is bearish.
Looking at our monthly; market pushing through COP agreement zone around 1209-1215. What is more interesting is we have demark s COMBO setups both on weekly and daily timeframes. İf we close the monthly back above this support that can be a clue for quarterly stop grabber.
BTW If we go down to 1hr timeframe we can see the railroad track type action togerher with demark signals. So lets see unless we get this scenario gold market is bearish.
- #47,354
- Aug 22, 2018 3:02am Aug 22, 2018 3:02am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
ripe
H4
H4
90% of people, are wrong about 90% of everything, 90% of the time...
- #47,356
- Aug 22, 2018 5:23am Aug 22, 2018 5:23am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
{quote} If you have been going LONG on GOLD in the last 2 months you are a noob. After all, it's noobfactory not moneymakingfactory Looks like emerging countries like Turkey is selling off gold to boost their currency as well as the strengthening US dollar If you have been using pivots, fibs etc thank you for your $$$, please come again
You came here for the truth and let me unveil it for you
- #47,360
- Aug 24, 2018 5:53am Aug 24, 2018 5:53am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
alignments are occurring... slowly (its august after all!)
however, we may have our first higher low in a while, and now we need a higher high above 1202
worth tracking...
H4
however, we may have our first higher low in a while, and now we need a higher high above 1202
worth tracking...
H4
90% of people, are wrong about 90% of everything, 90% of the time...