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

i hav to stay awake , my pretty redHead wife who's a Much better fxTrader then me - gone shoppin tabarnak

______ i foundOut that d women R tooo much better in tradin then d men

_____ sumetin to keep me awake 4sure =

come on maan I want 1234 for my wife

With that price market price may not much low, try buy now, little less ok for your wife! anyway tp 1 taken early but still waiting break 1276 for 1260/1243 with some bounce only. Take care

H1 level supports and resistances for references.

XAUUSD W1 Range

possible reversal through reversal rectangle accumulation.

hey bro , can you share the template for H1 level support/resistance please

Its MT5 platform file. Its a simple line chart.

Oh okay.. I ma looking for Mt4.

Largest Gold ETF Shrinks Most in Year as Trade Tensions Ease
https://www.bloomberg.com/news/artic...source=twitter

Investors are pulling cash from the world’s largest gold exchange-traded fund at the fastest pace in more than a year as easing trade tensions push buyers out of safe-haven assets.
The $33 billion SPDR Gold Shares ETF, or GLD, saw a net withdrawal of $496 million on Friday, the most in a single day since February 2018. That pushed the five-day total to about $720 million, marking the fourth consecutive week of outflows.
https://assets.bwbx.io/images/users/...44kE/-1x-1.png
Investors are weighing the prospect of a trade deal that could lift most or all U.S. tariffs, boosting risk appetite and dimming the appeal of havens. Commerzbank AG analysts including Carsten Fritsch attributed flows out of GLD and a dip in bullion prices below $1,300 an ounce to “good sentiment” in a research note. A strengthening dollar and a rebound in the equity market also eroded demand for bullion.
“Gold is thought to be a safe haven, particularly during pullbacks, anticipated downtrends and market volatility,” said Sylvia Jablonski, head of capital markets at Direxion, which specializes in leveraged ETFs. “We are hearing positive news on the anticipated progress between President Xi and Trump, which may lead some investors to perhaps consider risk and reduce -- or not add -- additional gold exposure in the near term.”
ETFs tracking gold miners have also lost cash lately. Investors pulled $148 million from the VanEck Vectors Gold Miners ETF and $142 million from the VanEck Vectors Junior Gold Miners ETF last week.
Gold fell for a fourth straight day in the spot market Monday, down more than 3 percent from the prior week.
— With assistance by Marvin G Perez

(COT data is a week delayed)

I expect some rebound before continue going down.....

Bear continue with usdx bull, target same 1276 breaks and direct for 1260/43 test without much correction try.

Gold H4
From 1283 to 1302, next to 1275

doubt this scenario plays out. I am thinking lower first.

checking why it not breaks 1276 ? it got sr there & likely correct up to down next & now confirm that scenario as breaks 1.1289.47 up , so 1296/1312 likely before next drop . market getting worry & investor refuge to it again !! so currency may continue tanking beyond expectation!!
Anyway not going to buy it , will sell at top

We will reach 1300 before next drop
On first screen H4: 0-1 = 4-5, 1-2 = 0.5 0-1, 3-4 = 0.618 2-3. Why 1275 as a final target for this move?
Check screen2 D1: It's 0.618 from past big move
And on screen3 W1 it will be support from 25ema (Base150 system)

looks lik, fate of this accumulation rectangle is hinging on the outcome of the US CHINA TRADE DEAL clarity.

Gold prices can further depreciate

Gold is consolidating within 1282.84 - 1290.17 level. The pair is waiting for the either side break out and is looking towards the ECB monetary statement. I think the prices should register a breakdown from the range as the ECB is expected to sound dovish. Moreover, the consolidation is more like a rectangular flag pattern of the current down trend. The expected targets are 1275.97 and 1266.47. Resistance are at 1290.17, 1296.87 and 1304.57.

Support and resistance levels I see on daily up to quarterly. Note also indicator ( DTOscillator ) is in alignment - to the downside - on weekly/monthly/quarterly:

Still waiting with shorts to see breaks 1276 for 1260/43 targets. Taking longer time, thought break today, ok to wait for next days till investors calm down!