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

  • #50,781
  • Jul 10, 2019 8:27pm Jul 10, 2019 8:27pm
Entered a very very risky long 1424 looking atleast 1427 sl: no room for it.
Extreme gut feeling trader
  • #50,782
  • Jul 10, 2019 9:26pm Jul 10, 2019 9:26pm
Quoting montygoldy
Entered a very very risky long 1424 looking atleast 1427 sl: no room for it.
Dear Montygoldy,

Best wishes for your Birthday tomorrow, Happy Birthday

Looking for gold to hit at least 1428.52 to consider some small shorts, but suspecting we may get another grind up like we saw June 21 this year. Guess time will tell

Best Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #50,783
  • Jul 10, 2019 9:55pm Jul 10, 2019 9:55pm
Quoting tzamo
{quote} Dear Montygoldy, Best wishes for your Birthday tomorrow, Happy Birthday Looking for gold to hit at least 1428.52 to consider some small shorts, but suspecting we may get another grind up like we saw June 21 this year. Guess time will tell Best Regards, Tzamo
thanks man.. I already closed the trade with a decent loss..
Extreme gut feeling trader
  • #50,784
  • Jul 10, 2019 10:06pm Jul 10, 2019 10:06pm
Fucking see-saw day... had good trades and then bad trades... still red for the day... even after predicting all the right moves but horrible entries....
Extreme gut feeling trader
  • #50,785
  • Edited 11:05pm Jul 10, 2019 10:36pm | Edited 11:05pm
Quoting montygoldy
Fucking see-saw day... had good trades and then bad trades... still red for the day... even after predicting all the right moves but horrible entries....
Always the same a bit too eager that what my wife calls me.....!!!!
Stay green!!!
  • #50,786
  • Jul 10, 2019 10:49pm Jul 10, 2019 10:49pm
Quoting montygoldy
Fucking see-saw day... had good trades and then bad trades... still red for the day... even after predicting all the right moves but horrible entries....
You need to leave a few Pennies for the Brokers so the rest of us can get paid
R
Ronnie Renko
  • #50,787
  • Jul 10, 2019 11:01pm Jul 10, 2019 11:01pm
Quoting montygoldy
Fucking see-saw day... had good trades and then bad trades... still red for the day... even after predicting all the right moves but horrible entries....
Try not to bleed yourself dry, took me awhile to curb my impulses to over trade.
careful not to step in a pile of it
  • #50,788
  • Jul 10, 2019 11:33pm Jul 10, 2019 11:33pm
Looks like we might get another leg up. Gold is attempting to break out. It's looking like it could rally.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,789
  • Edited 1:29am Jul 11, 2019 12:36am | Edited 1:29am
Top of the morning traders.

MontyG......happy happy birthday my G.
Have a golden day.....wishing you more setups and pips!!!!


Took a bit of a hiding yesterday on some sell setups.....
But we shake it off and continue pushing.

We turned around this level a couple of days ago....
1423 handle....
Have pulled my last sell order for now let's see how it goes.
So far the buy hedge has been doing its job pretty well, keeping things afloat.....
For now 1432 possible high for the day and 1413.8 possible low for the day.....
Am somewhat flat the pair for now......

Again we know the levels Price will have to contend with going up or coming down. Same ol levels up and down...
Let's trade
4&1 All Time Profit: $37,496
  • #50,790
  • Jul 11, 2019 1:12am Jul 11, 2019 1:12am
Just a FYI....a couple.of hours late but nonetheless....


https://www.forexfactory.com/news/93...british-tanker
4&1 All Time Profit: $37,496
  • #50,791
  • Jul 11, 2019 1:36am Jul 11, 2019 1:36am
Quoting MzansiObi
Top of the morning traders. MontyG......happy happy birthday my G. Have a golden day.....wishing you more setups and pips!!!! Took a bit of a hiding yesterday on some sell setups..... But we shake it off and continue pushing. We turned around this level a couple of days ago.... 1423 handle.... Have pulled my last sell order for now let's see how it goes. So far the buy hedge has been doing its job pretty well, keeping things afloat..... For now 1432 possible high for the day and 1413.8 possible low for the day..... Am somewhat flat the pair for...
Have closed half the trade off the 1423.43 handle....have just moved SL to BE.....let's see if 1418 holds or folds.

The hourly bearish engulfing bar during Asian session possibly hinting at leg down. But we would need to close below that to push lower.....
4&1 All Time Profit: $37,496
  • #50,792
  • Jul 11, 2019 3:30am Jul 11, 2019 3:30am
Quoting montygoldy
Fucking see-saw day...
You are calling a day with nearly $30 of delta and 6 hourly breakouts a see-saw day?!? Really!?!
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Maadik Hugiis. IQ 69.
  • #50,793
  • Jul 11, 2019 3:45am Jul 11, 2019 3:45am
Quoting MoneyZilla
{quote} You are calling a day with nearly $30 of delta and 6 hourly breakouts a see-saw day?!? Really!?! {image}
Very nice and yet very rare indicator u used.
I think it's hard to find one here since i live in galaxy far far away
I Will command all the troopers to find it
The Force is with me.. Im One With the Force..
  • #50,794
  • Jul 11, 2019 3:53am Jul 11, 2019 3:53am
Quoting MzansiObi
{quote} Have closed half the trade off the 1423.43 handle....have just moved SL to BE.....let's see if 1418 holds or folds. The hourly bearish engulfing bar during Asian session possibly hinting at leg down. But we would need to close below that to push lower.....
Still no hourly close below the 1420.88 handle.....bulls still in control....1425.5 may just break...... patience......
4&1 All Time Profit: $37,496
  • #50,795
  • Edited 4:30am Jul 11, 2019 4:16am | Edited 4:30am
Quoting montygoldy
{quote} First 26 then 30.... 26 is here probably gonna leave it running wothout risking too much profit.... i have a feeling we reach the top this time we gonna break shatter that 1440 mark... {image}
Same feeling this time and Happy Birthday in advance.
  • #50,796
  • Jul 11, 2019 4:32am Jul 11, 2019 4:32am
Added more long at 1422.22 and 1420.49 earlier.
  • #50,797
  • Jul 11, 2019 4:57am Jul 11, 2019 4:57am
Gold consolidates in a range near weekly tops, comfortably above $1400 mark
11 July 2019, 12:38

 

  1. Powell's overnight dovish comments provided a goodish lift to the commodity.
  2. The prevailing USD selling bias remained supportive of the positive move.
  3. A positive mood around equities capped gains ahead of the US inflation data.

Gold held on to its mildly positive tone through the early European session and is currently placed just below weekly tops, set earlier this Thursday.
The precious metal edged higher for the third consecutive session on Thursday and built on the overnight good up-move, triggered by the Fed Chair Jerome Powell's dovish remarks and further fueled by June FOMC meeting minutes.
In the prepared statement for the semi-annual Congressional testimony on Wednesday, Powell said that uncertainties continue to dim the outlook and reiterated that the central bank will act as appropriate to sustain the US economic growth.
Adding to this, the minutes from the Fed's policy meeting held in June pivoted to an easing stance and revived speculations of an aggressive rate cut, which turned out to be one of the key factors that benefitted the non-yielding yellow metal.
Meanwhile, the US Dollar also weakened across the board in tandem with a sharp slide in the US Treasury bond yields and provided an additional boost/remained supportive of the bid tone surrounding the dollar-denominated commodity.
However, a positive tone around equity markets undermined the precious metal's safe-haven demand and kept a lid on any runaway rally ahead of Thursday's important release of the latest US consumer inflation figures, due later during the early North-American session.

persistence and determination alone are omnipotent
  • #50,798
  • Jul 11, 2019 5:10am Jul 11, 2019 5:10am
Possible trade scenario: if XAU/USD loses its 1422 handle, it might sink back to 1405 area for pullback. This can be aided by selling pressure of the Euro. When the Euro is sold, DXY usually moves up; since the DXY basket is made up of more than >50% Euro. DXY and Gold has an inverse correlation. Gold made more than $30 north move without any pullback, so perhaps it could be time for a pullback. Just my two cents.
  • #50,799
  • Jul 11, 2019 5:38am Jul 11, 2019 5:38am
Inflation and inflation pressures remain tame as the calendar rolls into the second half of the year.
In May, the headline Consumer Price Index advanced just 0.1%, with the core CPI increasing 0.1% for the fourth consecutive month. Looking at June, i project the core CPI to rise 0.2% on the month, which, if realized, would keep the annual pace steady at 2.0%.

Used motor vehicle prices, which have been a meaningful drag on core goods prices in recent months, are poised to stop deteriorating. I do not anticipate a meaningful impact of the escalated tariffs in this month’s report. Imports from China that entered the U.S. before June 15 were not subject to the additional 15% tariff rate–from 10% to 25%.
Through the light of enlightenment, darkness unveils the path of truth.
  • #50,800
  • Jul 11, 2019 5:47am Jul 11, 2019 5:47am
Quoting MoneyZilla
{quote} You are calling a day with nearly $30 of delta and 6 hourly breakouts a see-saw day?!? Really!?! {image}
Zilla i was referring to myself and my acc equity not the gold.....
and thanks for the wishes guys...
Extreme gut feeling trader
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