XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2489 | Metals Mine

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

  • #49,761
  • Jun 14, 2019 3:33pm Jun 14, 2019 3:33pm
Have a great weekend everyone.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #49,762
  • Jun 14, 2019 3:37pm Jun 14, 2019 3:37pm
Quoting bigtx
{quote} I'll take a swig a beer to all of the traders out there! Next week should be interesting.
Attached Image
  • #49,763
  • Jun 15, 2019 7:38am Jun 15, 2019 7:38am
What Drives the Price of Gold?
The price of gold changes daily, as do the influencing price factors. Like most other assets, gold prices can shift for many different financial reasons. If you’re not tracking gold prices, changes in interest rates, inflation predictions, and stock market movements could all potentially catch you off guard.

  1. A primary price driver is gold supply and demand, and accordingly, global income growth.

As global incomes increase, so can demand for gold jewelry and technology that includes gold, like smartphones, tablets, and computers. Income growth also encourages savings, which helps boost the demand for gold bullion coins and gold bars.

When demand is high and supply is limited, the purchase price of gold coins and bars tend to increase. It's basic supply and demand.

  1. The strength of the U.S. dollar can also influence gold prices. The two generally have an inverse relationship. A strong dollar can sometimes discourage gold buyers, as gold becomes more expensive to purchase. When the dollar is weak, gold is cheaper to purchase in other currencies.

  1. Another recurring factor is geopolitical turbulence, like changes in European politics, tensions in the Middle East, and recurring risks in the Korean peninsula. Such international pressures can spur safe-haven buying and push gold prices higher.

  1. Changes in the number of gold buyers can also impact gold prices. Transparency, efficiency, and policy changes are broadening access to gold buyers everywhere. Fewer barriers to buying gold can mean increased demand, and accordingly, increased gold prices.

We err, and err, and err again, but less.
  • #49,764
  • Jun 15, 2019 7:43am Jun 15, 2019 7:43am
maybe the trump is buying gold since he knows that the dollar will fall lol
  • #49,765
  • Jun 15, 2019 7:49am Jun 15, 2019 7:49am
Quoting Metallurgy
{quote} {image}
That looks beer-ish to me
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #49,766
  • Jun 16, 2019 1:03am Jun 16, 2019 1:03am
Quoting dweb
What Drives the Price of Gold? The price of gold changes daily, as do the influencing price factors. Like most other assets, gold prices can shift for many different financial reasons. If you’re not tracking gold prices, changes in interest rates, inflation predictions, and stock market movements could all potentially catch you off guard. A primary price driver is gold supply and demand, and accordingly, global income growth. As global incomes increase, so can demand for gold jewelry and technology that includes gold, like smartphones, tablets,...
Thanks dweb!

What are your thoughts on real interest rates as a driver for gold? PIMCO put out a good article claiming real interest rates are the single most important factor in the price of gold. Fundamentally it makes a lot of sense that real interest rates would drive gold since bonds are a competing asset. I made a quick chart on FRED showing the relationship:

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While that looks convincing, I was surprised to find the correlation was just -18.4% so its tough to draw a conclusion on this.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #49,767
  • Jun 16, 2019 3:22am Jun 16, 2019 3:22am
Quoting Ef5
{quote} Thanks dweb! What are your thoughts on real interest rates as a driver for gold? PIMCO put out a good article claiming real interest rates are the single most important factor in the price of gold. Fundamentally it makes a lot of sense that real interest rates would drive gold since bonds are a competing asset. I made a quick chart on FRED showing the relationship: {image} While that looks convincing, I was surprised to find the correlation was just -18.4%...
Consider the link between central banks buying gold. And then also consider if CB's increase or raise rates what implications that may have on gold prices.....
4&1 All Time Profit: $37,496
  • #49,768
  • Jun 16, 2019 8:06am Jun 16, 2019 8:06am
Gold Very Long Term - Weekly or Monthly
Is it true?
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  • #49,769
  • Edited 6:47pm Jun 16, 2019 5:29pm | Edited 6:47pm
Quoting mrbfx
Gold Very Long Term - Weekly or Monthly Is it true? {image}
Good morning,

For me Too - The liquidity hunt by the Smart Money is not over. The Sell Order block affect appears to be weakening as well. Keep a close eye on developments especially Geopolitical risks that will be used to back/set reasons for Gold's performance.

However: Price is King!
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MzansiObi's Thread: https://www.metalsmine.com/showthread.php?t=922895
We err, and err, and err again, but less.
  • #49,770
  • Edited 7:13pm Jun 16, 2019 6:45pm | Edited 7:13pm
Today 10:42 IST: moon enter mula nakshatra, a little stronger energy than previous. Tp 1344-1346 (first target)
  • #49,771
  • Jun 16, 2019 7:25pm Jun 16, 2019 7:25pm
Quoting mrbfx
Gold Very Long Term - Weekly or Monthly Is it true? {image}
OR.
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Investment Trading
  • #49,772
  • Jun 16, 2019 10:01pm Jun 16, 2019 10:01pm
I think its Good for Buy gold at support now
  • #49,773
  • Jun 16, 2019 10:19pm Jun 16, 2019 10:19pm
Quoting peace1234
Today 10:42 IST: moon enter mula nakshatra, a little stronger energy than previous. Tp 1344-1346 (first target)
2nd target @ 1351
  • #49,774
  • Jun 16, 2019 11:45pm Jun 16, 2019 11:45pm
Quoting MzansiObi
{quote} Consider the link between central banks buying gold. And then also consider if CB's increase or raise rates what implications that may have on gold prices.....
Good morning
What's your take on buy/ sell today?
  • #49,775
  • Jun 17, 2019 12:24am Jun 17, 2019 12:24am
Quoting Charm7
{quote} Good morning What's your take on buy/ sell today?
Today SELL
  • #49,776
  • Jun 17, 2019 12:59am Jun 17, 2019 12:59am
Below 1336 today we're heading, may the force be with us traders
The Force is with me.. Im One With the Force..
  • #49,777
  • Jun 17, 2019 1:11am Jun 17, 2019 1:11am
Good reading.

The Fed won’t cut rates at its June meeting. Here’s why

https://www.cnbc.com/2019/06/14/thre...e-meeting.html
  • #49,778
  • Jun 17, 2019 1:28am Jun 17, 2019 1:28am
Quoting Charm7
{quote} Good morning What's your take on buy/ sell today?
Morning bud.....
Anything close to 1342.8 I will be looking to sell.

Bears have some hurdles at 1338.1 then next hurdle to break 1330.8.

4 hour still showing some bearish momentum but it's becoming somewhat flat so price may consolidate for a bit within a range.lower time frames showing some bullish divergence so should offer a chance to sell from a higher price....happy trading
4&1 All Time Profit: $37,496
  • #49,779
  • Jun 17, 2019 2:02am Jun 17, 2019 2:02am
My views on XAU/USD. Looking for buys @1302 area.
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You've got to Get Some to Get Some!!
  • #49,780
  • Jun 17, 2019 2:06am Jun 17, 2019 2:06am
XAU/SD daily TF, Looking for buys @ 1302 area
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You've got to Get Some to Get Some!!
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