XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2542 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

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

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

  • #50,821
  • Jul 11, 2019 1:37pm Jul 11, 2019 1:37pm
Quoting mohsinali
Again.....●●●●●●● 1390...
lately i'm getting into gold
just wondering after US open it seems like the market are always the strongest for gold huh ?
it's kinda fun to trade
  • #50,822
  • Jul 11, 2019 1:46pm Jul 11, 2019 1:46pm
Yeah markets seem to be quite disappointed in todays move (either way)... Still not clear (officialy) what they (all) will actually do...
It seems the name of the game is keeping status quo aka kicking can down the road again.. some more stimuluses on either side..
I think ECB couldn't wait for FED to talk/do something first so they can happily follow If it will go on like this we in EU will soon be giving good money for LOAN
Would borrow 100k, and return 90k in 2-5years... All for the sake of stimulating the growth till eternity even thought the cooling demographics would like to cool the economy as well... it would be natural instead of this steroid banking stunts

I still hold my views firmly.. USD rising (slowly - hopefully) by the day, till let's say, MID of OCT2019.... It seems much more plausible now because ECB will gladly counter/cancel any FED move so the trend can follow the (down) trajectory..

Yeah GOLD seems to be inverse of USD.... HOWEVER, as some pointed out... it is not 100% correlation, more like 60% or so... so there are other ((pre!)crisis factors) in play... there might be that BOTH will go UP

As always, always good to BUY (to hold).... in my book...
Trading wise, I would watch for (rising) USD as being the main ("negative") component at the moment... for XAU price at the moment.. in USD
But hey, if you are master scalper or day-trader, just enjoy this swings around and between news when some panic or at least overreact

This it man... Till next week. Let the market roll... so that I see who got it right, at least for now...
Can you afford to take that chance?
  • #50,823
  • Jul 11, 2019 2:03pm Jul 11, 2019 2:03pm
Quoting TwFXtrader
{quote} lately i'm getting into gold just wondering after US open it seems like the market are always the strongest for gold huh ? it's kinda fun to trade
It has been fun because of the way gold has been taking a direction and just going. I generally prefer trading gold over most other commodities. Welcome aboard sir!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,824
  • Jul 11, 2019 2:54pm Jul 11, 2019 2:54pm
Did anybody notice how the bond auction impacted the markets today. Gold seems to have been the biggest mover.
Attached Image


It's rare that gold reacts much to US bond auction results. I can't remember ever seeing an impact like that on the 30 year auction results.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,825
  • Jul 11, 2019 3:10pm Jul 11, 2019 3:10pm
As per current price action if 1409-1411 level holds then further south movement is expected tomorrow. We may try small range buy at 1398 if rebound occurs.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #50,826
  • Jul 11, 2019 3:39pm Jul 11, 2019 3:39pm
gone.....123...go...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -908
  • #50,827
  • Jul 11, 2019 3:43pm Jul 11, 2019 3:43pm
Nice drop, next target 1391?
  • #50,828
  • Edited 4:10pm Jul 11, 2019 3:54pm | Edited 4:10pm
Hard to make an argument against gold heading lower given how oversold the USD is. The fact that the market is still pricing in more than a 25 basis point rate cut for July is absolutely insane. I believe the fed has been preparing the markets for exactly what they will deliver, a 25 basis point rate cut. Remember the latest dot plot had about half the members at 25 bp lower by the year's end. Here's what's priced in currently via CME:
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0.png Size: 26 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,829
  • Jul 11, 2019 5:20pm Jul 11, 2019 5:20pm
Quoting KeenPips
Here's a top-down technical perspective on the XAUUSD. A topping M-formation has formed on the daily time frame but a rising trendline (red) is still intact. Technicals on the daily time frame still favour the bulls. On the H4 time frame, price action briefly breached a rising trendline (red) southwards but bulls have managed to take price back to keep the trendline in play. Although the candlestick printed in the last session of Friday is ambivalent, the bullish print a session earlier is an indication of the intention of bulls to be influential...
Hey dude.... very good analysis
  • #50,830
  • Jul 11, 2019 5:36pm Jul 11, 2019 5:36pm
Quoting peace1234
{quote} Hey dude.... very good analysis
Thanks for the analysis,what do you propose the action will be
  • #50,831
  • Jul 11, 2019 6:11pm Jul 11, 2019 6:11pm
Quoting EventsTrader
{quote} It has been fun because of the way gold has been taking a direction and just going. I generally prefer trading gold over most other commodities. Welcome aboard sir!
thanks nice to know.
i just like more action
  • #50,832
  • Jul 11, 2019 7:04pm Jul 11, 2019 7:04pm
Quoting TwFXtrader
{quote} thanks nice to know. i just like more action
Well my good sir, glad to have you aboard.

SHFE is going to open shortly and it's going to be very interesting which way gold goes. I can't imagine the USD sell off continues. We should see downward pressure on gold prices, unless the USD keeps falling on these rate cut expectations. It's got to end at some point. 25 bp cut is all we are getting in July.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,833
  • Jul 11, 2019 7:47pm Jul 11, 2019 7:47pm
Morning traders.....
Looking at these levels for the day,
1418( possible high for the day)
1393 (possible low for the day)


For now will look to sell rallies, first sell around 1410,49.....

Trade safe
4&1 All Time Profit: $37,496
  • #50,834
  • Jul 11, 2019 8:29pm Jul 11, 2019 8:29pm
Quoting MzansiObi
Morning traders..... Looking at these levels for the day, 1418( possible high for the day) 1393 (possible low for the day) For now will look to sell rallies, first sell around 1410,49..... Trade safe
I'm on the same page. Can't justify going long right now. I'm waiting for a good shorting opportunity.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,835
  • Jul 11, 2019 8:42pm Jul 11, 2019 8:42pm
Quoting EventsTrader
{quote} I'm on the same page. Can't justify going long right now. I'm waiting for a good shorting opportunity.
Yesterday's daily close below 1405 somewhat good for bears.......looking at market structure testing that 1410 rest area and maybe a little higher before we test 1400 and lower......It's 4am here in SA, heading back to bed.......
4&1 All Time Profit: $37,496
  • #50,836
  • Jul 11, 2019 10:21pm Jul 11, 2019 10:21pm
Quoting EventsTrader
Hard to make an argument against gold heading lower given how oversold the USD is. The fact that the market is still pricing in more than a 25 basis point rate cut for July is absolutely insane. I believe the fed has been preparing the markets for exactly what they will deliver, a 25 basis point rate cut. Remember the latest dot plot had about half the members at 25 bp lower by the year's end. Here's what's priced in currently via CME: {image}
I concur. The necessity for 25bps is even questionable. Powell and Co run the risk of fueling asset bubbles with the drop, but I suppose that's a better outcome than a recession which is probably what we're in store for either way.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #50,837
  • Jul 11, 2019 11:14pm Jul 11, 2019 11:14pm
Thanks mate.

Trade safe.

KP

Quoting peace1234
{quote} Hey dude.... very good analysis
Do your homework, follow the footprints of smart money
  • #50,838
  • Jul 11, 2019 11:16pm Jul 11, 2019 11:16pm
Quoting Ef5
{quote} I concur. The necessity for 25bps is even questionable. Powell and Co run the risk of fueling asset bubbles with the drop, but I suppose that's a better outcome than a recession which is probably what we're in store for either way.
I'm right there with you Ef5. The latest dot plot has the majority of the Fed members' (8) assessments at finishing 2019 with rates in a range of 2.25-2.50. There are two outliers and the rest (7) are in agreements at 1.75-2.00. I posted it yesterday here.

Here's what I'm not getting... 21% of the market think the FOMC will cut rates 50 basis points in July, which is equal to the most dovish assessments by the most dovish Fed members. After July, the market is still pricing in subsequent rate cuts. There's no data, no guidance, no global events (yet) that are going to force the Fed's hand. They need the room to maneuver later in the year.
Attached Image


Btw - I do realize if the July rate cut does end up being 50 bp, I will have no credibility left on these forums. I just don't see it and haven't heard a good case for it.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,839
  • Jul 12, 2019 12:13am Jul 12, 2019 12:13am
Gold doesn't looks likely to breakout above 1430 now. All the news trigger needed to do so were in place last 2 weeks.
It also has a bottom of 1385 in place, I cannot think of a trigger - scenario in which it would break below 1385 before 31st July.

Days leading to 31st July, I believe it would consolidate in the range 1385-1430.

Kindly, help me with your opinion, what do you think is trigger now before 31st July, if any, for gold to break 1385 or 1430?

Also, which of 1385 or 1430, you think is likely to break first and why (both technically and fundamentally)?
As a Trader, I want to see gold touching 1525 by year end as that would make gold more volatile and my wallet more full
Also, 1525 would mean gold will remain active/volatile for 2-3 years.
  • #50,840
  • Jul 12, 2019 12:14am Jul 12, 2019 12:14am
Quoting EventsTrader
{quote} I'm right there with you Ef5. The latest dot plot has the majority of the Fed members' (8) assessments at finishing 2019 with rates in a range of 2.25-2.50. There are two outliers and the rest (7) are in agreements at 1.75-2.00. I posted it yesterday here. Here's what I'm not getting... 21% of the market think the FOMC will cut rates 50 basis points in July, which is equal to the most dovish assessments by the most dovish Fed members. After July, the market is...
Don't worry about the credibility issue should rates be cut beyond your narritive, the key issue in any debate or topic is the presentation of logical content that's presented I a thought provoking manner, where rationale and reasoning was used to present said content......afterall, you're analysing the data set that's been given and the most likely scenarios around that....can't ask for more.....
Keep engaging.....
4&1 All Time Profit: $37,496
84 traders viewing now