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

I think it will hit 1398 in next hourly candle .... I may be wrong.....

Break 1392 and bears might attempt 1380 again? Possible scenario.

If it break 1392 it will goes to 1379. Very Possible scenario.

tp hit.. done gold for the day...

Cheers ;-) Will prepare to put some pending order down there, till Powell's speaks tomorrow

This week can be two scenarios if break 1385 than we have a small gap close to 1350 we can fill that or resume the uptrend and go beyond 1440...

This is my projection for gold over the next few days. I've sold at 1401.39 with a stop loss at 1407.34 (adjusted to 1403.49 and will be lowered even more) and take profit is at 1992 (or if i see fit i will extend it).

After that's done i'll be waiting for a buy entry, i wont immediately buy, but rather wait for a couple of signs from multiple timeframes.

Regards, Vorenzd.

Happy Monday traders,

Anything near 1407 I will be looking at selling.
Interesting to note the tussle between 1392 and 1407 right now.

RSI on daily pointing down and will be very interesting to see whether we bounce off of support or break lower and stay lower.
Been flat of any positions this far. Waiting on London Opening

Regards

Looking for Buy Opportunity.. pullback

Here's an update on the XAUUSD. The rising trendline (red) on the daily time frame from the low of May 30, 2019 is still in play. A breakdown of the trendline on a daily closing basis may lead to a bearish drive and target the 1370 horizontal support zone. In the meantime, bulls are still techically favoured.

Trade safe.

KP

Attached Image (click to enlarge)

Good day gentlemen... I re-affirm my previous position... So, stronger USD by the day, for the summer, let's say till 10th of OCT 2019... at which time the new deeper analysis, also on the backdata... will be formed... should all go well..

I believe, although I would wait for the next 2 days.. and TEST with smaller account (later) or even DEMO.. for the last 3 days of the week, that the USD will be SLOWLY stronger by the day for the next 3 months or so.... This is, as far as I'm concerned.. the maybe ONLY parameter that would stop me to BUY/LONG (day)trade GOLD... But as always, I think BUY to HOLD is almost ALWAYS good when we are talking about gold, specially in (more) physical form

Today (08JUL) we had some relatively good market movements, went much better than before, much smoother.. there wasn't much rebound/retracement.
It would seem that the trend might be confirming/forming. I am quite happy with todays movements, although still somewhat slow, but I prefer it to SPIKES...
I won't trade tomorrow because it is quite uncertain tomorrow, but will start (heavily) trading 10-12JUL (3days of full-power data)... that will give me some feel or even insight about the market... and should all go well.... will be entering positions with the USD stronger by the day, till 10OCT19....

Down trend? Gogogo

Happy piping

i just have a sell 1393 maybe it will do as it told

I did q quick sell scalp 1395....
finished the daily target

my gold sell tped

Hi Monty,

Is that real money? What's your strategy?

Regards,

I dont like to brag man.... Its upto you whatever u believe.... I just post screenshots to back my trade comments.. Simple hourly price action + gut feeling...

Gold, PA is king.

and thats how simple it gets

Nice one bud.
Why don't you create a TE?

Morning gang,

Off of the hourly, selling 1396 TP open.

Hard Stop for this short will be at 1401.


4hourly short comes in at around 1404.


Trade safe