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

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

#50,061
Jun 24, 2019 6:04am Jun 24, 2019 6:04am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

A quick long 1406 tp: 1414 sl 1400 small lots

Extreme gut feeling trader

#50,062
Jun 24, 2019 6:39am Jun 24, 2019 6:39am

tzamo
Joined Nov 2017 | Status: Trader | 977 Posts

Quoting Ll1979

Disliked

https://youtu.be/r5F4g-TZn2g

Ignored

Dear Ll1979, thanks for the video. Spiked to 92 ounces of silver to buy 1 ounce of gold and seems to be climbing further. Just like the price of gold in AUD, it hit record highs.

So what ways can this ratio decrease?

"Work hard, put in the effort, and follow your dreams..." -Me

#50,063
Jun 24, 2019 7:02am Jun 24, 2019 7:02am

Marcieny
Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts

Quoting Ll1979

Disliked

https://youtu.be/r5F4g-TZn2g

Ignored

when the price touches a region of old resistance is certainly not the best place to buy .. sometimes it takes days to come back, it always has pulback .. and I'll keep an eye on this laterialization there...

we do not know what can happen, if it continues to rise or if it will fall and then rise, I am waiting.

#50,064
Jun 24, 2019 7:09am Jun 24, 2019 7:09am

Ll1979
Joined Dec 2008 | Status: Trader | 2,931 Posts

Quoting tzamo

Disliked

{quote} Dear Ll1979, thanks for the video. Spiked to 92 ounces of silver to buy 1 ounce of gold and seems to be climbing further. Just like the price of gold in AUD, it hit record highs. So what ways can this ratio decrease?

Ignored

I am no expert but economic growth for silver

since silver is more supply/demand driven -> economic recession -> silver would go down
-> economic growth -> silver would go up

For Gold to drop (as in a hedge against fear) global stability and GDP growth (gold and GDP a have negative correlation)

persistence and determination alone are omnipotent

#50,065
Jun 24, 2019 7:16am Jun 24, 2019 7:16am

Marcieny
Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts

If Dxy drops too much, it can take many pairs together...

surely the quotation would go crazy.

#50,066
Jun 24, 2019 7:17am Jun 24, 2019 7:17am

ArslanHyder
Joined Jan 2016 | Status: Contrarian Trader | 846 Posts

Swift long on break of highest high in sight.... Will be targeting 200-300 points

Markets are Irrational

#50,067
Jun 24, 2019 7:34am Jun 24, 2019 7:34am

Ll1979
Joined Dec 2008 | Status: Trader | 2,931 Posts

Quoting Marcieny

Disliked

{quote} when the price touches a region of old resistance is certainly not the best place to buy .. sometimes it takes days to come back, it always has pulback .. and I'll keep an eye on this laterialization there... we do not know what can happen, if it continues to rise or if it will fall and then rise, I am waiting.

Ignored

I agree i am also waiting on the retracement perhaps some scalps on the sideline. G20 + Iran tensions + china tariffs it will be volatile for sure.

persistence and determination alone are omnipotent

#50,068
Edited 8:04am Jun 24, 2019 7:36am | Edited 8:04am

Fx4Lving
| Joined Apr 2019 | Status: Trader | 115 Posts

Based on Abonacci R Series , Gold is going to rise to reach 1413&1414

Attached Image (click to enlarge)

Click to Enlarge

Name: Gold_1314.png
Size: 53 KB

#50,069
Jun 24, 2019 7:45am Jun 24, 2019 7:45am

Marcieny
Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts

I'll keep an eye on level 1399 and 1385

#50,070
Jun 24, 2019 7:45am Jun 24, 2019 7:45am

Nico05
| Joined Jun 2019 | Status: Trader | 60 Posts

Quoting Fx4Lving

Disliked

Based on Abonacci R Series , Gold is going to rise to reach 1313&1314 {image}

Ignored

Bro 1414 not 1314 LoL
Yeah Bullish trend

#50,071
Jun 24, 2019 8:04am Jun 24, 2019 8:04am

Fx4Lving
| Joined Apr 2019 | Status: Trader | 115 Posts

Quoting Nico05

Disliked

{quote} Bro 1414 not 1314 LoL Yeah Bullish trend

Ignored

Thanks for correction. Yes it will be bullish

#50,072
Jun 24, 2019 8:41am Jun 24, 2019 8:41am

dream2017
| Commercial User | Joined May 2017 | 70 Posts

I target short (correction) till 1400 before going up trend.

Happy piping

https://t.me/GoldMaxFX

#50,073
Jun 24, 2019 8:43am Jun 24, 2019 8:43am

dream2017
| Commercial User | Joined May 2017 | 70 Posts

Hopefully no hit the top 1411. If hit consider going up.

Just my opinion.

https://t.me/GoldMaxFX

#50,074
Jun 24, 2019 8:46am Jun 24, 2019 8:46am

Mr.Metal
| Joined Jun 2019 | Status: Trader | 68 Posts

Quoting dream2017

Disliked

Hopefully no hit the top 1411. If hit consider going up. Just my opinion.

Ignored

Actually its been stopping at 1415 quite a lot, looks like a correction before the break of 1415, Fridays high was 1415.4, today's high 1414.8.

#50,075
Jun 24, 2019 8:49am Jun 24, 2019 8:49am

dream2017
| Commercial User | Joined May 2017 | 70 Posts

Quoting Mr.Metal

Disliked

{quote} Actually its been stopping at 1415 quite a lot, looks like a correction before the break of 1415, Fridays high was 1415.4, today's high 1414.8.

Ignored

Agreed. I wish is correction now. I assume overall is up trend now.

https://t.me/GoldMaxFX

#50,076
Jun 24, 2019 8:58am Jun 24, 2019 8:58am

farukh
Joined Mar 2014 | Status: Trader | 638 Posts

Now so many are expecting 1423-1433 level. Market may come down to 1377-1382 to capture stop losses.

Trade safe!

P.S. Trade with the discipline of Money Management and Risk Management.

#50,077
Edited 9:37am Jun 24, 2019 9:14am | Edited 9:37am

Mr.Metal
| Joined Jun 2019 | Status: Trader | 68 Posts

If it breaks above it will look classical ascending triangle, if it breaks below it will look classical double/triple top in hourly charts, LoL
Pick your side and GL

Attached Image (click to enlarge)