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

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

#49,741
Jun 14, 2019 9:10am Jun 14, 2019 9:10am

aariapoor
Joined Jun 2016 | Status: Forexian | 316 Posts

Quoting bigtx

Disliked

{quote} A big IF right now. I'm not quite sure what's going on in the market- stronger bull momentum than I expected at this point. Here's to hoping!

Ignored

Yeah, they don't give up at all

it's like all gold supplies in the world is finishing

We can't control the sea, but we can learn how to surf the waves.

#49,742
Jun 14, 2019 9:30am Jun 14, 2019 9:30am

aariapoor
Joined Jun 2016 | Status: Forexian | 316 Posts

Sold 3 times two times break even the last one closed with $10

It's very difficult to participate in the move but IF you can catch it from here and IF those 2 ideas are in play, it worth it, you can triple your account with a single trade
2 big ifs this time

We can't control the sea, but we can learn how to surf the waves.

#49,743
Jun 14, 2019 10:35am Jun 14, 2019 10:35am

tush1822
Joined Sep 2018 | Status: Trader | 688 Posts

Quoting Marcieny

Disliked

{quote} I wanted to say that if this monthly laterialization explodes ... it comes back, to test the new support ... well I do not operate regions that I do not know, so I stay out.

Ignored

fare enough!!

#49,744
Jun 14, 2019 10:39am Jun 14, 2019 10:39am

tush1822
Joined Sep 2018 | Status: Trader | 688 Posts

WARNING!!!!!! MUST BE TAKEN SERIOUSLY
DO NOT KEEP ANY POSITIONS OPEN OVER THE WEEKEND
Its a dark possibility some absurd comment will apprear from US regarding G20 meeting - may be good may be bad >> possiblity of big gap up or down.
!! Trade Safe!!

#49,745
Jun 14, 2019 10:44am Jun 14, 2019 10:44am

Fadhl
Joined Jan 2016 | Status: Trader | 3,906 Posts

Quoting Fadhl

Disliked

As Bonds as well as equities are actually in free fall, expect a furious move up in Gold. 1st target 1310; 2nd target 1365 and last target 1390. {image}

Ignored

Updating Daily Chart! Target 2 in its way, then we should have a deep retrace to 1300-1305, then last target 1390-1430. GL!

Attached Image (click to enlarge)

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Size: 125 KB

#49,746
Jun 14, 2019 11:02am Jun 14, 2019 11:02am

MzansiObi
Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts

Quoting bigtx

Disliked

{quote} A big IF right now. I'm not quite sure what's going on in the market- stronger bull momentum than I expected at this point. Here's to hoping!

Ignored

Lol it doesn't have to drop quickly.....the moment it breaks through wedge support and keeps closing below it's fine. Let it trickle lower.

Something worth considering.
Market is pricing in rate cut. So we may range between 1322and this 1350 till rate cut announcement.
And the days data just strengthened the USD. So will keep my shorts and look to take profits As and when it avails itself .

4&1 All Time Profit: $37,496

#49,747
Jun 14, 2019 11:38am Jun 14, 2019 11:38am

EventsTrader
Joined May 2019 | Status: iTrade | 1,838 Posts

Quoting tush1822

Disliked

WARNING!!!!!! MUST BE TAKEN SERIOUSLY DO NOT KEEP ANY POSITIONS OPEN OVER THE WEEKEND Its a dark possibility some absurd comment will apprear from US regarding G20 meeting - may be good may be bad >> possiblity of big gap up or down. !! Trade Safe!!

Ignored

I'd have to second this. Holding over this weekend is risky. Developments in the Iran situation, any statement regarding tariffs, US-China trade news, Trump tweeting anything, etc. Too much instability and uncertainty. A big gap at the open wouldn't be a surprise.

We must learn who is gold, and who is gold plated

EventsTrader Live All Time Return: 54.4%

#49,748
Jun 14, 2019 11:44am Jun 14, 2019 11:44am

tush1822
Joined Sep 2018 | Status: Trader | 688 Posts

Quoting EventsTrader

Disliked

{quote} I'd have to second this. Holding over this weekend is risky. Developments in the Iran situation, any statement regarding tariffs, US-China trade news, Trump tweeting anything, etc. Too much instability and uncertainty. A big gap at the open wouldn't be a surprise.

Ignored

Appreciate it, many issues are boiling...

#49,749
Jun 14, 2019 11:55am Jun 14, 2019 11:55am

dweb
Joined May 2015 | Status: Observer | 1,981 Posts

No more day time drinking for metals traders

https://www.bloomberg.com/news/artic...e-bans-alcohol

We err, and err, and err again, but less.

#49,750
Jun 14, 2019 11:59am Jun 14, 2019 11:59am

aariapoor
Joined Jun 2016 | Status: Forexian | 316 Posts

Quoting dweb

Disliked

No more day time drinking for metals traders https://www.bloomberg.com/news/artic...e-bans-alcohol

Ignored

Yeah heard that in Bloomberg

We can't control the sea, but we can learn how to surf the waves.

#49,751
Jun 14, 2019 12:06pm Jun 14, 2019 12:06pm

aariapoor
Joined Jun 2016 | Status: Forexian | 316 Posts

One more push daily candle is RED

And I can close my sells following the advice of tush & EventsTrader

We can't control the sea, but we can learn how to surf the waves.

#49,752
Jun 14, 2019 12:07pm Jun 14, 2019 12:07pm

EventsTrader
Joined May 2019 | Status: iTrade | 1,838 Posts

No news as gold decides to start selling off.

We must learn who is gold, and who is gold plated

EventsTrader Live All Time Return: 54.4%

#49,753
Jun 14, 2019 12:25pm Jun 14, 2019 12:25pm

jorgen.fx
Joined Mar 2014 | Status: Trader | 389 Posts

Nice drop, wonder where gold will close today. I have a TP waiting at 1335

Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.

#49,754
Jun 14, 2019 12:30pm Jun 14, 2019 12:30pm

aariapoor
Joined Jun 2016 | Status: Forexian | 316 Posts

Quoting jorgen.fx

Disliked

Nice drop, wonder where gold will close today. I have a TP waiting at 1335

Ignored

I closed one SELL with +15 waiting to see if can close another sell too
Maybe here would be the resting place for the week

Attached Image

We can't control the sea, but we can learn how to surf the waves.

#49,755
Jun 14, 2019 12:42pm Jun 14, 2019 12:42pm

Goldenshot
Joined Nov 2013 | Status: Trader | 187 Posts

Quoting MzansiObi

Disliked

{quote} Lol it doesn't have to drop quickly.....the moment it breaks through wedge support and keeps closing below it's fine. Let it trickle lower. Something worth considering. Market is pricing in rate cut. So we may range between 1322and this 1350 till rate cut announcement. And the days data just strengthened the USD. So will keep my shorts and look to take profits As and when it avails itself .

Ignored

Nice advise Master Obi, will stay tune on it

Quoting dweb

Disliked

No more day time drinking for metals traders https://www.bloomberg.com/news/artic...e-bans-alcohol

Ignored

I'm glad that Ive just had my half bottle of vodka
So i can fix the market by my force of mind haha

Quoting jorgen.fx

Disliked

Nice drop, wonder where gold will close today. I have a TP waiting at 1335

Ignored

Yeah good reason to choose TP on that area

The Force is with me.. Im One With the Force..

#49,756
Jun 14, 2019 1:21pm Jun 14, 2019 1:21pm

auricforecas
Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts

1 week "down" (should use another word: one week is behind us

... 2-3 more to go and I think we will have a solid trend (fit) for the summer...
I am still consistent with all of my previous posts/trades... I believe in stronger USD throgh the summer... hopefully not too strong (at once) but a little stronger by the day (good for trading). So watch for the next 1-3 weeks, I would advise.... Do not be fooled by the glamour too fast... Today was an excellent opportunity for trading, but I stayed on the safe side, it looked too tempting, almost surreal.. so I basically stayed out (mostly)... The next week might be 90%+ of the sample, if all goes well....

Can you afford to take that chance?