XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2597 | Metals Mine

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

  • #51,921
  • Aug 13, 2019 2:39pm Aug 13, 2019 2:39pm
Quoting Marcieny
{quote} it depends a lot .. but I am eyeing a possible swing in this pair .. with small lots, because all pairs with Gold wow are very volatile ... and Aud may present me a valuation in the coming days...but I'm eyeing sales in that pair.
Nice! Please keep us posted... I am closing in the decision on the XAU/EUR TE... because eurusd (if any) pair seems to be my speciality...
If you have a clue on AUD, that might be even better... I myself prefer to stick to eur/usd related trades for the reason I mentioned. But I do suspect that there are many opportunities in other currencies that might be overlooked.
Can you afford to take that chance?
  • #51,922
  • Aug 13, 2019 2:40pm Aug 13, 2019 2:40pm
Quoting EventsTrader
{quote} Very interesting. The spread usually sways me away from this pair. But twice the gains? Good info auricforecas! {quote} It's been a roller coaster. Here's my view on gold. The fundamental drivers were dragging prices down, then BOOM! The tariff delays were announced. The 1500 level was breached but it's clear that there's enough support there that it quickly came back above that support. Now I think we are at a crossroads with gold and which direction it's going to take. It's probably going to depend on risk sentiment. China came...
Very well said
I also think we are still standing in between of both directions. However if US is calm I think China will not go for any confrontation which reduces risk and supports fundamentals.
This may be my own sentiments towards south movement
P.S. Trade with the discipline of Money Management and Risk Management.
  • #51,923
  • Aug 13, 2019 9:51pm Aug 13, 2019 9:51pm
Gold good morning... MM took full advantage of the USD news... but don't be fooled - there is a lot of cheap money out there. Global economic slow down!
Attached Image
We err, and err, and err again, but less.
  • #51,924
  • Aug 14, 2019 1:06am Aug 14, 2019 1:06am
Morning guys....

H4 bulls turned up to the party following the selloff...
D1 still bullish...
H1 has flipped bearish again so for now will begin selling any rally into h1 sell zone so long as 1514.9 holds as resistance

Zones.
H1:sell(1502-1505)
D1:buy 1470.48

Will ignore H4 buy zone for now will sell h1 zone and target toward daily buy zone.


Levels

Upside;
1515
1522
1530

Downside;
1484.3
1478
1463


Pending orders;
Sell limit
1st 1505
2nd 1514
SL 1523
Will split the orders half normal lot size as splitting allocation on two trades.

Buy limit.
1460
SL 1445

Trade safe, trade smart....

Original outlook here....
https://www.metalsmine.com/showthrea...7#post12440367
4&1 All Time Profit: $37,496
  • #51,925
  • Aug 14, 2019 2:32am Aug 14, 2019 2:32am
A bit quiet today huh! We need a Trump.a.gram to stir things up a bit.
From tiny pips mighty oaks grow
  • #51,926
  • Aug 14, 2019 2:51am Aug 14, 2019 2:51am
Quoting Boo15
A bit quiet today huh! We need a Trump.a.gram to stir things up a bit.
  • #51,927
  • Aug 14, 2019 3:11am Aug 14, 2019 3:11am
Quoting Boo15
A bit quiet today huh! We need a Trump.a.gram to stir things up a bit.
Lol we will get some movement still....only matter of time
4&1 All Time Profit: $37,496
  • #51,928
  • Aug 14, 2019 4:05am Aug 14, 2019 4:05am
Jut took a third sell of of m5 chart very tight SL and position size .. let's see if it works....again ...but thibk upside break is on the cards
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #51,929
  • Aug 14, 2019 4:48am Aug 14, 2019 4:48am
https://www.globalprime.com.au/marke...tm_campaign=de


Fyi..bit of an interesting fluff piece.....while we wait
4&1 All Time Profit: $37,496
  • #51,930
  • Aug 14, 2019 5:24am Aug 14, 2019 5:24am
Quoting pundit78
Gold short @1499.57 ,SL 1508.72, TP 1469. {image}
Gold SL hit. Now Gold long @1508
  • #51,931
  • Aug 14, 2019 6:05am Aug 14, 2019 6:05am
Quoting tush1822
{quote} No luck today, entered long from 1497. I.e H4 support.
Still holding onto this towards 1515ish?
4&1 All Time Profit: $37,496
  • #51,932
  • Aug 14, 2019 6:28am Aug 14, 2019 6:28am
Quoting MzansiObi
{quote} Still holding onto this towards 1515ish?
Its live, I am holding it. I think it will retrace again to 1500 before it will properly go up.
  • #51,933
  • Aug 14, 2019 6:44am Aug 14, 2019 6:44am
Quoting tush1822
{quote} Its live, I am holding it. I think it will retrace again to 1500 before it will properly go up.
Yeah 1515 may act as a pivot/magnetic target...Wich is why I thought you may get there yesterday....will watch what it does there. Got some shorts filled now
4&1 All Time Profit: $37,496
  • #51,934
  • Aug 14, 2019 6:54am Aug 14, 2019 6:54am
Quoting MzansiObi
{quote} Yeah 1515 may act as a pivot/magnetic target...Wich is why I thought you may get there yesterday....will watch what it does there. Got some shorts filled now
yeh, it took long time, I thought at least in TKY session it might reach to its normal levels from the dip to 1510 range. Now I will wait for next USD retail sales numbers. I think it will be screwed!!
  • #51,935
  • Aug 14, 2019 6:55am Aug 14, 2019 6:55am
Quoting tush1822
{quote} yeh, it took long time, I thought at least in TKY session it might reach to its normal levels from the dip to 1510 range. Now I will wait for next USD retail sales numbers. I think it will be screwed!!
Good man....what's your target/plan with this....
4&1 All Time Profit: $37,496
  • #51,936
  • Aug 14, 2019 7:04am Aug 14, 2019 7:04am
Quoting MzansiObi
{quote} Good man....what's your target/plan with this....
I trade only in one direction since I weigh 50% to fundamentals. I dont trade before the releases. Only after it gives clear direction.

If retails sales will be good I will plan for dip buying near H4 support. If they are screwed may be at replacements I will buy. I am bullish on the Gold till next 2020 Q1. I think it will reach upto 1600 by that time.
  • #51,937
  • Aug 14, 2019 7:23am Aug 14, 2019 7:23am
Quoting tush1822
{quote} I trade only in one direction since I weigh 50% to fundamentals. I dont trade before the releases. Only after it gives clear direction. If retails sales will be good I will plan for dip buying near H4 support. If they are screwed may be at replacements I will buy. I am bullish on the Gold till next 2020 Q1. I think it will reach upto 1600 by that time.
Noted Tush.....
Are you trailing your profit atleast?
4&1 All Time Profit: $37,496
  • #51,938
  • Aug 14, 2019 7:34am Aug 14, 2019 7:34am
Quoting MzansiObi
Morning guys.... H4 bulls turned up to the party following the selloff... D1 still bullish... H1 has flipped bearish again so for now will begin selling any rally into h1 sell zone so long as 1514.9 holds as resistance Zones. H1:sell(1502-1505) D1:buy 1470.48 Will ignore H4 buy zone for now will sell h1 zone and target toward daily buy zone. Levels Upside; 1515 1522 1530 Downside; 1484.3 1478 1463 Pending orders; Sell limit 1st 1505 2nd 1514 SL 1523 Will split the orders half normal lot size as splitting allocation on two trades. Buy limit. 1460...
1515 magnet pulled price.....
Will take minor profit of second trade...volume hinting at possible further upside....so will look to reenter second short higher....when momentum shifts again....if it carries on dipping so be it... Bietjie bietjie maak Meer.....
4&1 All Time Profit: $37,496
  • #51,939
  • Aug 14, 2019 10:42am Aug 14, 2019 10:42am
Levels played out well today.
Some stops here and there but managed to bank some.
Calling it a day last sell trade running


Trade safe guys and gals.....
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #51,940
  • Aug 14, 2019 10:51am Aug 14, 2019 10:51am
Quoting MzansiObi
Levels played out well today. Some stops here and there but managed to bank some. Calling it a day last sell trade running Trade safe guys and gals..... {image}
I made a sell entry today, long term entry using MM with SL 1537 yesterday's high.
Will look if I can keep it or end it with little profit/loss
P.S. Trade with the discipline of Money Management and Risk Management.
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