XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2575 | Metals Mine

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

  • #51,481
  • Jul 26, 2019 3:33pm Jul 26, 2019 3:33pm
Quoting Mr.Metal
Exhausting week.
I know that feeling!
  • #51,482
  • Jul 26, 2019 4:22pm Jul 26, 2019 4:22pm
Quoting Metallurgy
{quote} I know that feeling!
Well one signal/trade this week, that I shouldn't watch it live (every minute almost)... exhausted the crap out of me also... still haven't recovered fully
So lets call it a week, see you all next week on MM
Can you afford to take that chance?
  • #51,483
  • Jul 26, 2019 4:25pm Jul 26, 2019 4:25pm
Inserted Video
persistence and determination alone are omnipotent
  • #51,484
  • Jul 26, 2019 10:02pm Jul 26, 2019 10:02pm
Quoting Ll1979
https://youtu.be/JvrmtYgZBj4
Thanks for sharing, I always enjoy watching these videos. They produce some good quality content.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #51,485
  • Jul 27, 2019 2:32am Jul 27, 2019 2:32am
Inserted Video
persistence and determination alone are omnipotent
  • #51,486
  • Jul 27, 2019 2:35am Jul 27, 2019 2:35am
Quoting Ef5
{quote} Thanks for sharing, I always enjoy watching these videos. They produce some good quality content.
Thnx it's all about expanding knowledge Happy to help!
persistence and determination alone are omnipotent
  • #51,487
  • Jul 27, 2019 5:32am Jul 27, 2019 5:32am
Quoting auricforecas
{quote} Hey Mr.Metals.. heres something for you, had to be confirmed, can you gimme 2-3w.. or you will it yourself by that time.. What about buying xau/eur? Daily? The inner strategy and/or risk levels are up to you of course... If you would want detailed trades however.. I might post dedicated TE for GOLD.... soon... will see in 3w.. or even 1-2w...
Hey Auri, love the thought provoking question......just thought I may offer my 2cents worth on the subject regarding the correlation/relationship between the said pairs.....I posted something on the matter over here....

https://www.metalsmine.com/showthrea...5#post12406685



I like your idea regarding a TE specifically to try ascertain stats relating to that relationship...
Hope the weekend is treating you well bud
4&1 All Time Profit: $37,496
  • #51,488
  • Edited 9:00am Jul 27, 2019 7:57am | Edited 9:00am
Quoting MzansiObi
{quote} Hey Auri, love the thought provoking question......just thought I may offer my 2cents worth on the subject regarding the correlation/relationship between the said pairs.....I posted something on the matter over here.... https://www.metalsmine.com/showthrea...5#post12406685 I like your idea regarding a TE specifically to try ascertain stats relating to that relationship... Hope the weekend is treating you well bud
Much tnx man Will reply to you there in a sec But to sum up, even with further/future analysis... what would you suggest... trading XAU against if assuming stronger USD, at least against the EUR, for lets say period of 30JUL-30OCT19?

I'm personally flirting with the XAU/EUR... for the next 3m... will confirm/reject this thesis in the next 2-3w... but it looks good so far...

22JUN-27JUL
XAU/EUR (3,75% rise, without leverage...)

22JUN-27JUL
XAU/USD (1,75% rise, without leverage...)

https://www.tradingview.com/x/Ia4anFGa/
https://www.tradingview.com/x/zLuHogus/

https://www.dailyfx.com/gold-price
Can you afford to take that chance?
  • #51,489
  • Jul 27, 2019 11:04am Jul 27, 2019 11:04am
Another quiet weekend so far. We might be looking at a slight gap higher at the open based on the DJIA:

Attached Image
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #51,490
  • Jul 28, 2019 9:50am Jul 28, 2019 9:50am
Hi Every one

I have ea made money from me continuously from XAUUSD

Try on your method.

actually i made this ea trough all breakout. maybe called one stop breakout.
anyhow i found the best at all is a minute before new on 19.30 Jakarta time as attached on EA.

Feel free to test on your desire time

Regards
Attached File(s)
File Type: ex4 News Breakout XAU.ex4   53 KB | 620 downloads
I am completely a lazy Trader & Pennies Rebate Hunter
  • #51,491
  • Jul 28, 2019 9:57am Jul 28, 2019 9:57am
Quoting Ef5
Another quiet weekend so far. We might be looking at a slight gap higher at the open based on the DJIA: {image}
Attached Image


Looking like no risk driven gap.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #51,492
  • Jul 28, 2019 11:37am Jul 28, 2019 11:37am
Hey Traders.

Weekly close at 1418.34 is at a key level. One that's held as both Support and Resistance respectively and we have used a couple of times
Momentum wise, I favour a move lower over the medium term. Daily RSI has still maintained its downward slope.
If we just look at the swings on hourly chart we can see we had the high around the 18th/19th July.
Price traded in a range for a bit where the range low was around 1415.84..

We broke out the range(depicted in the rectangle) made a high But lower than previous high and momentum carried us lower than the range low. Plus the divergence on the daily chart is clearly visible. Keep it Simple

For now will keep selling rallies more specifically around the following levels I will be looking at for Monday;


To the upside
1422.94
1427.99
1431.95

To the downside
1411.76
1405.71
1401.

In terms of buying dips PA will guide us as price gets near daily buy zone....... We have seen price bounce aggressively off of that area.

Big week ahead with fed rate announcement so let's trade with caution......

Keep it simple.
Green pips to you all!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_20190728_183054.png Size: 123 KB
Click to Enlarge Name: IMG_20190728_183701.png Size: 113 KB
4&1 All Time Profit: $37,496
  • #51,493
  • Jul 28, 2019 12:59pm Jul 28, 2019 12:59pm
Quoting MzansiObi
Hey Traders. Weekly close at 1418.34 is at a key level. One that's held as both Support and Resistance respectively and we have used a couple of times Momentum wise, I favour a move lower over the medium term. Daily RSI has still maintained its downward slope. If we just look at the swings on hourly chart we can see we had the high around the 18th/19th July. Price traded in a range for a bit where the range low was around 1415.84.. We broke out the range(depicted in the rectangle) made a high But lower than previous high and momentum carried us...
very nice!
  • #51,494
  • Jul 28, 2019 7:39pm Jul 28, 2019 7:39pm
In the event that there is a rate cut, is it possible price would reach 1450? What would be the next support level?
If no rate cut, 1380 or 1400 would be ideal support?

Dizzy
  • #51,495
  • Jul 28, 2019 8:26pm Jul 28, 2019 8:26pm
3 AM here in SA.
Time to get some shut eye....
This should add some fuel to the market.....

https://www.metalsmine.com/news/9364...f#post12407630


Stay safe
4&1 All Time Profit: $37,496
  • #51,496
  • Jul 28, 2019 9:08pm Jul 28, 2019 9:08pm
After a few days of avoiding gold... sold 1422.50 tp: 1420, sl: today high, lots: X
Extreme gut feeling trader
  • #51,497
  • Jul 28, 2019 10:00pm Jul 28, 2019 10:00pm
Quoting jinsen
In the event that there is a rate cut, is it possible price would reach 1450? What would be the next support level? If no rate cut, 1380 or 1400 would be ideal support? Dizzy
We will have a rate cut.Its a question of 0.25 or 0.50.

Any dovish comments by Powell would get gold bulls going again.
Your friendly neighbourhood Sith
  • #51,498
  • Jul 28, 2019 11:42pm Jul 28, 2019 11:42pm
Quoting montygoldy
After a few days of avoiding gold... sold 1422.50 tp: 1420, sl: today high, lots: X
tp hit...
Extreme gut feeling trader
  • #51,499
  • Edited Jul 29, 2019 2:11am Jul 28, 2019 11:49pm | Edited Jul 29, 2019 2:11am
Quoting MzansiObi
Hey Traders. Weekly close at 1418.34 is at a key level. One that's held as both Support and Resistance respectively and we have used a couple of times Momentum wise, I favour a move lower over the medium term. Daily RSI has still maintained its downward slope. If we just look at the swings on hourly chart we can see we had the high around the 18th/19th July. Price traded in a range for a bit where the range low was around 1415.84.. We broke out the range(depicted in the rectangle) made a high But lower than previous high and momentum carried us...
1422.94 respond rather well.
Close somoe for some decent change.

Nothing much has changed.......waiting on LO to have more clarity and look at what London does.
Selling rallies still preferred.......

Trade safe
4&1 All Time Profit: $37,496
  • #51,500
  • Jul 28, 2019 11:58pm Jul 28, 2019 11:58pm
Quoting darthPip
{quote} We will have a rate cut.Its a question of 0.25 or 0.50. Any dovish comments by Powell would get gold bulls going again.
Will avoid meing in any position when that announcement is made, will look to reenter the market once announcement has been made and will look at relevant levels intraday in terms of order flow and volume ......
4&1 All Time Profit: $37,496
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