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

  • #49,201
  • May 31, 2019 5:15am May 31, 2019 5:15am
Keep the thread clean at all times please! (Otherwise, you will be removed permanently)
Do not post if you will delete it when it suits you but come back for EGO brush when market goes your way

Let's keep talking about GOLD and SILVER please!
  • #49,202
  • May 31, 2019 5:30am May 31, 2019 5:30am
It's friday and last day of the month. To me it looks sideways 1270-1300. I always expect a little pullback after a rally though so looking at resistance levels and on my chart I see 1300, 1302 (61.8% fibo from 1324) and 1307.

In day trading, typically the market doesn't reverse until first hour of US session (if it does) and gold already moved $10 so I'l take my chance on a short from 1298. But Ill keep in mind that on a good day gold can move over $20 so thats 1310 to watch out for.

Good luck
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #49,203
  • May 31, 2019 5:30am May 31, 2019 5:30am
my 2 short zones i will see a price Action (only my view)
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aka Liquinvest
  • #49,204
  • Edited 1:39pm May 31, 2019 5:34am | Edited 1:39pm
well I see it on Monthy..remember that it can go wrong too..It can take a few days or weeks too..The market lives breathing...the price wants to a have scape
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  • #49,205
  • Edited 6:08am May 31, 2019 5:57am | Edited 6:08am
if it's a shoulder head shoulder ....going up or down I need to wait more...a correction of this movement is also expected...will depend on the quote xau usd too.
  • #49,206
  • May 31, 2019 6:29am May 31, 2019 6:29am
With Trump and China actively squabbling, gold can only head up....nothing to do with technicals...just safe haven money flows.
If you want in on my experimental EA, PM me.
  • #49,207
  • May 31, 2019 6:38am May 31, 2019 6:38am
Will be landing at 1305 then will be looking for another long entry near 1295-1300
Markets are Irrational
  • #49,208
  • May 31, 2019 8:44am May 31, 2019 8:44am
anyone think gold will drop from current price ..?
Always with a Road Not Taken
  • #49,209
  • May 31, 2019 8:49am May 31, 2019 8:49am
Quoting Fomy
anyone think gold will drop from current price ..?
well we will not know..but I will certainly add purchases if this happens.
  • #49,210
  • May 31, 2019 9:02am May 31, 2019 9:02am
Quoting Marcieny
{quote} well we will not know..but I will certainly add purchases if this happens.
thank you for your opinion .... little bit drop is ok for around 1295 is enough for me
Always with a Road Not Taken
  • #49,211
  • May 31, 2019 9:40am May 31, 2019 9:40am
Quoting Copis
my 2 short zones i will see a price Action (only my view) {image}
first zone reached but no PA for shorts now the second above comes now in play
aka Liquinvest
  • #49,212
  • May 31, 2019 9:46am May 31, 2019 9:46am
Quoting Fomy
anyone think gold will drop from current price ..?
Bear desperately need to defend this line...

A lot of news pushing Gold up right now-tariffs, USD rates potential cut/hike not likely..

Gold is up over 1.1% for the day...monstrous..
If you want in on my experimental EA, PM me.
  • #49,213
  • May 31, 2019 9:47am May 31, 2019 9:47am
Quoting ArslanHyder
Will be landing at 1305 then will be looking for another long entry near 1295-1300
Target reached.. Moved SL to breakeven at 1290 Closed half the position and will let half of it to hit 1330. While waiting for another long entry on another dip.. After

1330 next target 1380.

Trade Safe.
Markets are Irrational
  • #49,214
  • May 31, 2019 9:52am May 31, 2019 9:52am
Quoting jorgen.fx
It's friday and last day of the month. To me it looks sideways 1270-1300. I always expect a little pullback after a rally though so looking at resistance levels and on my chart I see 1300, 1302 (61.8% fibo from 1324) and 1307. In day trading, typically the market doesn't reverse until first hour of US session (if it does) and gold already moved $10 so I'l take my chance on a short from 1298. But Ill keep in mind that on a good day gold can move over $20 so thats 1310 to watch out for. Good luck
1302 the 61.8% of the last top was hit. Will it hold?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #49,215
  • May 31, 2019 9:59am May 31, 2019 9:59am
Quoting ArslanHyder
{quote} Target reached.. Moved SL to breakeven at 1290 Closed half the position and will let half of it to hit 1330. While waiting for another long entry on another dip.. After 1330 next target 1380. Trade Safe.
Why would you move SL to breakeven? If it came back you lost all your profits.
  • #49,216
  • May 31, 2019 10:06am May 31, 2019 10:06am
Quoting Fomy
anyone think gold will drop from current price ..?
Maybe...if there is insufficient volume, it could drop like a rock..
If you want in on my experimental EA, PM me.
  • #49,217
  • May 31, 2019 10:12am May 31, 2019 10:12am
well, if the price tested regions ...maybe it'll hold yes ...I'll keel an eye on that too.
  • #49,218
  • May 31, 2019 10:29am May 31, 2019 10:29am
Let's see what London close brings..
If you want in on my experimental EA, PM me.
  • #49,219
  • May 31, 2019 11:42am May 31, 2019 11:42am
Hi all seniors..
i think gold pull back 1295-1297 and again jump it’s next stage in between 1310-1323 ...


safe trading..
  • #49,220
  • May 31, 2019 11:43am May 31, 2019 11:43am
next Zones will come in Play
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aka Liquinvest
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