XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2440 | Metals Mine

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

  • #48,781
  • May 3, 2019 10:10am May 3, 2019 10:10am
Gold H4....
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We err, and err, and err again, but less.
  • #48,782
  • May 3, 2019 10:20am May 3, 2019 10:20am
I think in the next few months can test 1350 again
  • #48,783
  • May 3, 2019 10:45am May 3, 2019 10:45am
Quoting montygoldy
{quote} I bought few positions with tight sl.. my analysis gonna touch 1280 again...
Profit locked... have a good weekend everyone
Extreme gut feeling trader
  • #48,784
  • May 3, 2019 12:02pm May 3, 2019 12:02pm
with simple price action strategic for gold trading. Account still alive for this week.

Using simple price action method with 25pip TP and 50pip SL. Some time will target more profit base on big new release.

The MOST IMPORTANT RULE, don't lose more then 30% of all your capital for total open order, you can set SL or manual close it all if reach 29% of total lose.

Just simple only. But i don't know how far i can go, hope my account wont burn it all on next week.

Happy Piping
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https://t.me/GoldMaxFX
  • #48,785
  • May 3, 2019 12:06pm May 3, 2019 12:06pm
Quoting Aashish333
{quote} break 1259 ,,,,,,, 1170
1170!!yes!
but.1282now
sell-1282
sl:1285-(BAT-bearish)
  • #48,786
  • May 3, 2019 4:33pm May 3, 2019 4:33pm
I think we might have a bullish trend coming back in again because on the gold weekly chart I can see a tweezer top pushing in the bulls. Also, the price has hit around 1266 a couple of times now and from there it has came back up again. What does everyone else think?
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  • #48,787
  • May 3, 2019 5:27pm May 3, 2019 5:27pm
Quoting riclater211
Hey All, Gold is slipping further to the down side since February 2019. My trade zones have been patiently waiting to be hit. My Trade Triangle was tightening nicely in early April but broke to the down side. Hardly anything to right home about as it only moved 1200 of which I was only able to scrape 500ish BP out of it. I am going to play a bit more reserved now and try and wait till this range is broken and price pushes into my trade zones. I believe the down side is more likely as well as more potential. We shall see. - Ric {image}
Hey All,

Hum Drum end to week. Looking like it may break to the upside. just not sure when.

Have A Great Weekend

- Ric
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Be humble or get humbled
  • #48,788
  • May 3, 2019 5:45pm May 3, 2019 5:45pm
Quoting Ra7
I think we might have a bullish trend coming back in again because on the gold weekly chart I can see a tweezer top pushing in the bulls. Also, the price has hit around 1266 a couple of times now and from there it has came back up again. What does everyone else think? {image}
Well looking at daily today, obviously is was a bullish bar, but myself I need to see more of them to go to a long bias.
  • #48,789
  • May 3, 2019 7:34pm May 3, 2019 7:34pm
For me Gold will sell down to 1255 the week after next the reason is as you can see from the chart its correcting at the minute and has the last leg of the Zig Zag to complete This should land price at around 1255 which is also the TP2 of the Big Monthly Bat Pattern which hasn't been hit yet. Potentially I think it could make it down to the edge of that monthly channel around 1220 ish before buying again (possibly a new wave cycle) https://www.tradingview.com/x/0iTssjj4/ https://www.tradingview.com/x/LEy2PtLW/ I don't think it will go as far as to complete the other Bat Pattern but I left it there for the hell of it . lol


P.s I caught every inch of this correction after waiting around 3 months for the Green Bat Pattern to complete after finding it around 100k 1 harmonic on the Daily
  • #48,790
  • May 4, 2019 1:31am May 4, 2019 1:31am
Quoting GkennyG
I'm really confuse hmm I think XAU/USD start to bearish why its going to bullish ?? . . . I'm new on trade
Hahaaha same here...
  • #48,791
  • May 4, 2019 3:54am May 4, 2019 3:54am
Quoting Apnaryk
{quote} Hahaaha same here...
If you are new to trading I suggest to study higher highs and lower lows (for entry and stopp loss), watch out for trend lines on higher time frames and don't try to predict where the market is going.

Gold is a in a descending channel/wedge, it didn't make a new low yesterday (double bottom) so does that mean there is a reversal? I don't need to know, just wait and see what happens and open a trade after the market have told you where it's going.

On Friday was the monthly NFP (see calendar), better not to trade during high impact news...unless you like the risk
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #48,792
  • May 4, 2019 4:44am May 4, 2019 4:44am
Quoting jorgen.fx
{quote} If you are new to trading I suggest to study higher highs and lower lows (for entry and stopp loss), watch out for trend lines on higher time frames and don't try to predict where the market is going. Gold is a in a descending channel/wedge, it didn't make a new low yesterday (double bottom) so does that mean there is a reversal? I don't need to know, just wait and see what happens and open a trade after the market have told you where it's going. On Friday was the monthly NFP (see calendar), better not to trade during high impact news...unless...
thanks for the great guidance..
  • #48,793
  • May 4, 2019 4:56am May 4, 2019 4:56am
Gold still going lower
  • #48,794
  • May 4, 2019 6:09am May 4, 2019 6:09am
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  • #48,795
  • May 5, 2019 5:17am May 5, 2019 5:17am
Quoting Ra7
I think we might have a bullish trend coming back in again because on the gold weekly chart I can see a tweezer top pushing in the bulls. Also, the price has hit around 1266 a couple of times now and from there it has came back up again. What does everyone else think? {image}
weekly chart looks like a flag.
  • #48,796
  • May 6, 2019 2:38am May 6, 2019 2:38am
Currently upward movement is news impact of China US trade war. In a day or 2 it may restart down movement.
For me 1290-1300 price level is high, technically more prossibility to break trendline through 1266.
Nitsan's rule (if someone here knows about him) on h4 sma patterns are 400 on top then 300 then 200.

P.S. we can not be fortune teller. We may be wrong but we go with our analysis and trading system with higher success rate.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,797
  • May 6, 2019 5:01am May 6, 2019 5:01am
What is next target gold today... ??
  • #48,798
  • May 6, 2019 6:09am May 6, 2019 6:09am
the sad thing about when ever there are speeches ,, usd index goes up ,,, and then then it gets volatile ,,,,, money no money ,,,,, know know !!
  • #48,799
  • May 6, 2019 7:46am May 6, 2019 7:46am
Quoting Apnaryk
What is next target gold today... ??
first tp is 1273.4375 and the second target is 1265.625.
bakare
  • #48,800
  • May 6, 2019 9:33am May 6, 2019 9:33am
we all will ignore big events from US and Iran and then push gold prices down - what a shame !!
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