XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2615 | Metals Mine

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

  • #52,281
  • Aug 26, 2019 9:27pm Aug 26, 2019 9:27pm
There's a lot of room for gold to go up, but i prefer to see a healthy correction first if there's any.
I'm not comfort with the idea buying the on the top
Sorry for my bad english
Trade Safe
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Forex as Leverage
  • #52,282
  • Aug 27, 2019 12:29am Aug 27, 2019 12:29am
Until Thursday's US GDP number the only data I'd recommend keeping an eye that has a chance at triggering risk off buying in gold is CB Consumer Confidence/Richmond Manufacturing. Check out the August Preview here.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,283
  • Aug 27, 2019 2:55am Aug 27, 2019 2:55am
I did not anticipate the gap up of the XAUUSD on this week's open but I had the resistance zone the price action penetrated identified on my trading chart. Now that the gap has been filled, I am looking for a decline in bullish momentum. If the today's daily close did not take out the high of the inverted hammer printed yesterday at the 1540 resistance zone, a sell trading opportunity with a good R:R is feasible.

Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #52,284
  • Aug 27, 2019 3:07am Aug 27, 2019 3:07am
We may note that the price action broke out of the 1480/1530 horizontal range/channel that was identified in the post I submitted here on Sunday. If there is a bearish print on an H4 closing basis around the 1530 channel resistance, we may have a good basis for a sell trade.

Trade safe.

KP

Quoting KeenPips
I did not anticipate the gap up of the XAUUSD on this week's open but I had the resistance zone the price action penetrated identified on my trading chart. Now that the gap has been filled, I am looking for a decline in bullish momentum. If the today's daily close did not take out the high of the inverted hammer printed yesterday at the 1540 resistance zone, a sell trading opportunity with a good R:R is feasible. Trade safe. KP
Do your homework, follow the footprints of smart money
  • #52,285
  • Aug 27, 2019 8:27am Aug 27, 2019 8:27am
Quoting KeenPips
I did not anticipate the gap up of the XAUUSD on this week's open but I had the resistance zone the price action penetrated identified on my trading chart. Now that the gap has been filled, I am looking for a decline in bullish momentum. If the today's daily close did not take out the high of the inverted hammer printed yesterday at the 1540 resistance zone, a sell trading opportunity with a good R:R is feasible. Trade safe. KP
I am keeping sell since morning from 1533 SL 1539
Hoping it to go down at least 1513-1515 level today if 1523 level is broken
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,286
  • Aug 27, 2019 9:19am Aug 27, 2019 9:19am
I am a swing trader. If you are an intraday trader, try to wait for a bearish setup on the H4 time frame at a value area before entering a sell trade.

Trade safe.

KP

Quoting farukh
{quote} I am keeping sell since morning from 1533 SL 1539 Hoping it to go down at least 1513-1515 level today if 1523 level is broken
Do your homework, follow the footprints of smart money
  • #52,287
  • Aug 27, 2019 9:28am Aug 27, 2019 9:28am
Quoting MzansiObi
We will have new numbers for the day in a couple of minutes ..I'm concerned to. See where we open.....another good indicator may be to open a Twitter account and follow Donald Trump
and that would certainly be a leading indicators...lol
  • #52,288
  • Aug 27, 2019 9:30am Aug 27, 2019 9:30am
Quoting KeenPips
I did not anticipate the gap up of the XAUUSD on this week's open but I had the resistance zone the price action penetrated identified on my trading chart. Now that the gap has been filled, I am looking for a decline in bullish momentum. If the today's daily close did not take out the high of the inverted hammer printed yesterday at the 1540 resistance zone, a sell trading opportunity with a good R:R is feasible. Trade safe. KP
Yea! very likely......lets see how todays candle turns out......
  • #52,289
  • Aug 27, 2019 10:16am Aug 27, 2019 10:16am
Important to not chase price; waiting for the right setup is key.

KP

Quoting Spirit4eva
{quote} Yea! very likely......lets see how todays candle turns out......
Do your homework, follow the footprints of smart money
  • #52,290
  • Aug 27, 2019 10:20am Aug 27, 2019 10:20am
It's broken above my first upside level. Marking next level up towards 1543.....h1 buyers are in the green now.
Let's see if 1535 acts as support....

Trade safe
4&1 All Time Profit: $37,496
  • #52,291
  • Aug 27, 2019 10:33am Aug 27, 2019 10:33am
hourly bullish engulfer was my signal to go long at 1532.65 :-)
MTF PA with indicators = a winning team
  • #52,292
  • Aug 27, 2019 10:33am Aug 27, 2019 10:33am
Gold M15
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We err, and err, and err again, but less.
  • #52,293
  • Aug 27, 2019 10:38am Aug 27, 2019 10:38am
Quoting dweb
Gold M15 {image}
Set 1 done: Stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDmicroM15.png Size: 21 KB
We err, and err, and err again, but less.
  • #52,294
  • Aug 27, 2019 11:01am Aug 27, 2019 11:01am
Quoting farukh
{quote} I am keeping sell since morning from 1533 SL 1539 Hoping it to go down at least 1513-1515 level today if 1523 level is broken
omph!!!! Hope you didn't stay in too long.

Quoting notyetthere
hourly bullish engulfer was my signal to go long at 1532.65 :-)
Nice move!

I've been unavailable for the last few hours, so missed this nice run. Looking for an opportunity to enter. Thoughts?
If in doubt, paddle out!
  • #52,295
  • Aug 27, 2019 11:11am Aug 27, 2019 11:11am
Quoting SurfsUp
{quote} omph!!!! Hope you didn't stay in too long. {quote} Nice move! I've been unavailable for the last few hours, so missed this nice run. Looking for an opportunity to enter. Thoughts?
Yes had loss today.. will look for another opportunity
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,296
  • Aug 27, 2019 11:12am Aug 27, 2019 11:12am
Quoting notyetthere
hourly bullish engulfer was my signal to go long at 1532.65 :-)
exited at 1544.21
MTF PA with indicators = a winning team
  • #52,297
  • Aug 27, 2019 11:17am Aug 27, 2019 11:17am
Some Gold trades today.
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  • #52,298
  • Aug 27, 2019 11:17am Aug 27, 2019 11:17am
Looking at the CME GC front-month, this rally in gold has been accompanied with a lot of volume. This is a very bullish sign.
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We might be in store for a retracement. But I can't see it breaking the recent support level it's made around 1536. There might be some potential in going long ahead of the US GDP. Not sure. I hope to preview it soon. Good luck guys!
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,299
  • Aug 27, 2019 11:18am Aug 27, 2019 11:18am
Quoting MzansiObi
It's broken above my first upside level. Marking next level up towards 1543.....h1 buyers are in the green now. Let's see if 1535 acts as support.... Trade safe

Your levels play nicely.
  • #52,300
  • Aug 27, 2019 11:25am Aug 27, 2019 11:25am
Quoting pundit78
{quote} Your levels play nicely.
Thanks bud.

I post them daily over here ahead of London Open bud

https://www.metalsmine.com/showthrea...&reply=1#reply

Trade safe
4&1 All Time Profit: $37,496
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