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

  • #49,781
  • Jun 17, 2019 2:19am Jun 17, 2019 2:19am
Quoting Mr.Metal
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
no cut rate and gold go down?
  • #49,782
  • Jun 17, 2019 2:35am Jun 17, 2019 2:35am
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  • #49,783
  • Jun 17, 2019 3:16am Jun 17, 2019 3:16am
Morning All, Good to see you all !!!
Have a look at the USD matrix since Tokyo session this morning! (17/06/209)
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  • #49,784
  • Jun 17, 2019 3:26am Jun 17, 2019 3:26am
Good morning! I'm flat right now, but looking to enter a long position at 1330. Let's see what happens.
  • #49,785
  • Jun 17, 2019 3:47am Jun 17, 2019 3:47am
Quoting jorgen.fx
Nice drop, wonder where gold will close today. I have a TP waiting at 1335
Thank you market. Waiting for us session before next order
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #49,786
  • Jun 17, 2019 4:30am Jun 17, 2019 4:30am
Quoting MzansiObi
{quote} 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
Next target should 1330 break is 1323.

Will buy scalp 1330 and look to close quickly and wait on 1hr chart price action towards
1335 to load more shorts.

Stay breezy
4&1 All Time Profit: $37,496
  • #49,787
  • Jun 17, 2019 6:35am Jun 17, 2019 6:35am
Next sell limit.....
1338.62
SL: 1345.
TP:Open
4&1 All Time Profit: $37,496
  • #49,788
  • Edited 7:17am Jun 17, 2019 6:47am | Edited 7:17am
Short Accumulation... now the run against them
Buy limits/Sell stops activated as well head hunt of Buy stops/Sell Limit orders
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We err, and err, and err again, but less.
  • #49,789
  • Jun 17, 2019 8:15am Jun 17, 2019 8:15am
May need to widen stops a little bit for sell orders to 1349 due to spike up of poor US data.

Original target still 1323 ish.....
4&1 All Time Profit: $37,496
  • #49,790
  • Jun 17, 2019 9:02am Jun 17, 2019 9:02am
guys, question...just like to clarify... if the FED cut rate it means USD is weak and Gold will go up. if no rate cut Gold goes down.. correct me if i'm wrong...

Thanks!
  • #49,791
  • Jun 17, 2019 9:27am Jun 17, 2019 9:27am
though target of gold at highs but waiting for correction to 1310/1303 limit to even 1282 before the jump , waiting for them with shorts
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #49,792
  • Jun 17, 2019 9:47am Jun 17, 2019 9:47am
Quoting schematics
guys, question...just like to clarify... if the FED cut rate it means USD is weak and Gold will go up. if no rate cut Gold goes down.. correct me if i'm wrong... Thanks!
On the knee-jerk reaction, you're correct, but it won't be a rate cut this week! So you need to look fundamentally to the inflation piece; if it's weakening or will stay below 2% target for MT, then Gold will drop to 1300-1305. If not, inflation is close to or progressing towards 2%, then Gold will fly to 1365. GL!
  • #49,793
  • Jun 17, 2019 10:08am Jun 17, 2019 10:08am
Quoting schematics
guys, question...just like to clarify... if the FED cut rate it means USD is weak and Gold will go up. if no rate cut Gold goes down.. correct me if i'm wrong... Thanks!
Rather than interest cut the chances of which are dim this time, we must rather look at tone of fed about rate cut in July.
  • #49,794
  • Jun 17, 2019 1:44pm Jun 17, 2019 1:44pm
FOMC tomorrow, maybe sideways until then. What do you think 1360 or 1320?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #49,795
  • Jun 17, 2019 6:11pm Jun 17, 2019 6:11pm
Quoting jorgen.fx
FOMC tomorrow, maybe sideways until then. What do you think 1360 or 1320?
1320.

I think price will fall to a higher low before rising to 1360 a few weeks from now. If you do go short make sure to place a pretty tight SL in case Fed lowers/details lower rates otherwise watch out for bulltraps this week
careful not to step in a pile of it
  • #49,796
  • Jun 17, 2019 6:18pm Jun 17, 2019 6:18pm
Quoting jorgen.fx
FOMC tomorrow, maybe sideways until then. What do you think 1360 or 1320?
1360-1380 region in target
Markets are Irrational
  • #49,797
  • Jun 17, 2019 9:49pm Jun 17, 2019 9:49pm
Area 1344 - 1346 will be reach soon as a destination, but still hoping for em to go down very low this week.
We Will see... May the force be with us
The Force is with me.. Im One With the Force..
  • #49,798
  • Jun 17, 2019 11:20pm Jun 17, 2019 11:20pm
Quoting jorgen.fx
FOMC tomorrow, maybe sideways until then. What do you think 1360 or 1320?
Yeah, I don’t think anyone wants to put on new positions ahead of the FOMC meeting. Tomorrow will probably be another relatively quiet day.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #49,799
  • Jun 18, 2019 12:45am Jun 18, 2019 12:45am
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  • #49,800
  • Jun 18, 2019 1:17am Jun 18, 2019 1:17am
Top of the morning traders.
Bit of an inverse head and shoulder pattern on the 15m chart.
Will look to load more shorts around 1349/50( my overall target for the pattern)
Still sceptical of buying into this so high up.
High for the day looking around 1353.91..
Let's see. Lots of fundamentals at play here so trade cautiously.....
4&1 All Time Profit: $37,496
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