XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2612 | Metals Mine

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

  • #52,221
  • Aug 25, 2019 7:38am Aug 25, 2019 7:38am
Quoting LittleMonkee
{quote} Hi MzansiObi, do you reckon London session the bear will in action as happened last week I noticed?? Or different this time?
All speculative at this point LittleMonkee, hence why leading up to new week, i often try and wait to see where price opens and also what London does in that frist hour of trading...from there its levels, levels, levels....

Green pips to you
4&1 All Time Profit: $37,496
  • #52,222
  • Aug 25, 2019 7:41am Aug 25, 2019 7:41am
Quoting MzansiObi
{quote} All speculative at this point LittleMonkee, hence why leading up to new week, i often try and wait to see where price opens and also what London does in that frist hour of trading...from there its levels, levels, levels.... Green pips to you
Hi Mzansi

Monday is Bank Holiday in London
  • #52,223
  • Aug 25, 2019 7:41am Aug 25, 2019 7:41am
Quoting Nanotech
{quote} Hi Mzansi Any idea about Gold on Monday opening?
Lets wait and see Nano, thats the best we can do, nobody knows where or how it will open, we let it do its thing and take cues from it.....
4&1 All Time Profit: $37,496
  • #52,224
  • Aug 25, 2019 7:43am Aug 25, 2019 7:43am
Quoting MzansiObi
{quote} Lets wait and see Nano, thats the best we can do, nobody knows where or how it will open, we let it do its thing and take cues from it.....

Thank You my dear.
  • #52,225
  • Aug 25, 2019 7:44am Aug 25, 2019 7:44am
Quoting LittleMonkee
{quote} Right, that is very possible. Yes, it's quite bit something isn't it? There must be a big gap again on Monday's opening. Gold's move can be really extraordinary. We'll see. I wonder how the big banks play with this. Perhaps, high low will be huge like never before???? We'll see..

Thank You LittleMonkee.
  • #52,226
  • Aug 25, 2019 9:07am Aug 25, 2019 9:07am
Quoting MzansiObi
{quote} All speculative at this point LittleMonkee, hence why leading up to new week, i often try and wait to see where price opens and also what London does in that frist hour of trading...from there its levels, levels, levels.... Green pips to you
Thanks man..!!!
  • #52,227
  • Aug 25, 2019 9:55am Aug 25, 2019 9:55am
Quoting LittleMonkee
{quote} Thanks man..!!!
You're welcome LM....
4&1 All Time Profit: $37,496
  • #52,228
  • Aug 25, 2019 9:56am Aug 25, 2019 9:56am
This best shows the correlation between the two crosses..... XAUUSD on the left and XAUEUR on the right
Use correlation wisely!!!!
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #52,229
  • Aug 25, 2019 3:29pm Aug 25, 2019 3:29pm
Quoting MzansiObi
{quote} All speculative at this point LittleMonkee, hence why leading up to new week, i often try and wait to see where price opens and also what London does in that frist hour of trading...from there its levels, levels, levels.... Green pips to you
Central Bankers can’t save the world economy as major political shocks are turning into economic shocks. Ending the political uncertainty would have much greater impact than cutting interest rates, Jackson Hole conference
  • #52,230
  • Aug 25, 2019 3:29pm Aug 25, 2019 3:29pm
Here's a technical perspective on XAUUSD.

The XAUUSD is still technically bullish. On the weekly time frame, the candlesticks are predominantly bullish and the momentum for a positive move has been strong. Technically, any negative move will be corrective in nature.

Trade safe.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #52,231
  • Aug 25, 2019 3:30pm Aug 25, 2019 3:30pm
White House says Trump regrets not raising tariffs on China higher
  • #52,232
  • Aug 25, 2019 3:35pm Aug 25, 2019 3:35pm
1522-1534 was a very strong support area for 2 years 2011-2013
It may behave as a very strong resistance to make due correction.
Once it breaks, before correction or after, it will go way higher may be up to 1700 level
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,233
  • Aug 25, 2019 4:01pm Aug 25, 2019 4:01pm
Green week to you all!!!!!
Lets
4&1 All Time Profit: $37,496
  • #52,234
  • Aug 25, 2019 5:33pm Aug 25, 2019 5:33pm
Quoting montygoldy
{quote} Added more longs today between 1506 - 1514.... 1560 go go go go go
Cashed out my longs...
Extreme gut feeling trader
  • #52,235
  • Aug 25, 2019 5:37pm Aug 25, 2019 5:37pm
Good Luck Guys.
  • #52,236
  • Aug 25, 2019 6:22pm Aug 25, 2019 6:22pm
Quoting tush1822
{quote} Lot of unspoken fear about the US CHINA trade conflict has become explicit on Friday, Plus BREXIT, GERMANY GDP problems, ITALY's politics, Hong Kong's .. I dont think gold even retrace next week, it will straightaway go into 1550 territory.
within one hour of market open it reached 1556!!! Missed the rally.
  • #52,237
  • Aug 25, 2019 6:34pm Aug 25, 2019 6:34pm
Quoting tush1822
{quote} let see how the rectangle will be played next week. {image}
1523 zone is now good support and a top edge of broken rectangle. I will be buyer at 1523. Dont know when it will come to it!!.
Attached Image (click to enlarge)
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  • #52,238
  • Aug 25, 2019 6:59pm Aug 25, 2019 6:59pm
Quoting tush1822
{quote} within one hour of market open it reached 1556!!! Missed the rally.
UJ gapped down so this gap and rally were to be expected.....

Scrambling cause price has almost reached upside objectives...

Will be an interesting week
4&1 All Time Profit: $37,496
  • #52,239
  • Aug 25, 2019 7:00pm Aug 25, 2019 7:00pm
Quoting tush1822
{quote} 1523 zone is now good support and a top edge of broken rectangle. I will be buyer at 1523. Dont know when it will come to it!!. {image}
Agreed! Laddering up level at a time
4&1 All Time Profit: $37,496
  • #52,240
  • Aug 25, 2019 7:17pm Aug 25, 2019 7:17pm
Quoting MzansiObi
Hope everyone is enjoying the weekend. Last week of the month.... Following PA and the Politics of the day, will look to resume Buying dips and selling Highs from specific levels as per PA on weekly and Intra day basis. Will look towards market Open and Also London Open to place some limit orders..... Have posted some levels and weekly analysis over here... https://www.metalsmine.com/showthrea...9#post12462639 Green pips to everyone here ahead of the week. Trade safe
Upside levels reached......only one more upside target remains.....patience....
4&1 All Time Profit: $37,496
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