XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2617 | Metals Mine

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

  • #52,321
  • Aug 28, 2019 9:47am Aug 28, 2019 9:47am
Quoting SurfsUp
{quote} Thanks for these charts. Excellent visuals. Appreciate the MzansiObi levels in there also.
Thanks bro.
  • #52,322
  • Aug 28, 2019 11:43am Aug 28, 2019 11:43am
Quoting MzansiObi
{quote} If we remain below 1554/5 I'd say bears may just have a good day. Fontu I'm with you, I'd like to see 1522 first......
No hourly close above 1554/5 and we dropped lower.....thinking spike up was a bit of a shake and bake to run some stops.......let's see if we get Fontus target....would like to see that
4&1 All Time Profit: $37,496
  • #52,323
  • Aug 28, 2019 12:14pm Aug 28, 2019 12:14pm
Quoting notyetthere
{quote} reversed to long at 1538.70
sold at 1539.73 but that sure took a while and believing in my strategy
MTF PA with indicators = a winning team
  • #52,324
  • Aug 28, 2019 12:30pm Aug 28, 2019 12:30pm
Yeah, kinda not optimistic gold going up this week... we again might me in a some sort of "cool off" week... But save the energy for the next week.
September has always been very powerful, at least for me.. some epic trades ahead... Seems people begin to step on the gas.. out of summer vacation, kids back to school, "saving the (trading" year) or quarter(s)... and chasing the Christmas bonus or the Thirteenth salary (from the 13th floor... Anyway, I will be kinda resting for the rest of the week, just one remaining trade open.. which is a testing/burner anyway... But I am getting ready for FULL STEAM AHEDA.. starting on Monday Morning (MM) Hope you will be part of it...

In trading terms... USD might lose some steam... in order to start regaining in slowly... from 02SEP19.. till 31OCT19... about 8 weeks... and which point... we might see what the basically... NOV will be shown... and first month of DEC.. To be discussed latter... And BTW.. don't like trade after 15th of DEC... rather hell before/around christmas (no pun) and through the new year... like 1-2weeks after.. So ALSO because of that.. I might press the TURBO NITRO button also... to squeeze maximum money out of the markets before all slows down, full stop only.. and/or before The T. might gets boring and start hitting tweets (around Christmas
Can you afford to take that chance?
  • #52,325
  • Aug 28, 2019 9:58pm Aug 28, 2019 9:58pm
Had small loss on Gold, trading without proper setup and levels always leads to loss.
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  • #52,326
  • Aug 28, 2019 11:20pm Aug 28, 2019 11:20pm
Quoting pundit78
Had small loss on Gold, trading without proper setup and levels always leads to loss. {image}
This is true bud....it always gets the best of us from time to time...
that said here are some levels im looking at with interest today...original post on the other thread..
No pending order as yet will wait and see what price action does for now


Morning Traders

H1...gone from neutral with bearish bias back to Bullish. H4 buyers seem to have flipped it over bullish again.
H4 bullish remain bullish and so does H1.


H1 zone:1540.54 - 1539.32
H4 zone: 1536.88 - 1529.1
D1 zone: 1519.18 - 1490.73


Levels of interest
Upside
1562.97
1555.6
1549.04
1545.8


Downside
1539.3
1533.6
1529.8
1525.05
1519.18
4&1 All Time Profit: $37,496
  • #52,327
  • Aug 29, 2019 2:12am Aug 29, 2019 2:12am
possibility of the worst case US GDP scenario looks like already priced in today!!
  • #52,328
  • Aug 29, 2019 2:19am Aug 29, 2019 2:19am
Quoting MzansiObi
{quote} This is true bud....it always gets the best of us from time to time... that said here are some levels im looking at with interest today...original post on the other thread.. No pending order as yet will wait and see what price action does for now Morning Traders H1...gone from neutral with bearish bias back to Bullish. H4 buyers seem to have flipped it over bullish again. H4 bullish remain bullish and so does H1. H1 zone:1540.54 - 1539.32 H4 zone: 1536.88 - 1529.1 D1 zone: 1519.18 - 1490.73 Levels of interest Upside 1562.97 1555.6 1549.04...
First two levels held up......45/55 resisted briefly, next line in the sand is that 49 level......
4&1 All Time Profit: $37,496
  • #52,329
  • Aug 29, 2019 6:35am Aug 29, 2019 6:35am
We are within an hour away from US Prelim GDP. I don't see huge risks today, but you never know. If you need to get prepared, I just posted a preview. Hopefully it helps some of my fellow gold traders. Check it out: US Prelim GDP q/q - August Preview
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,330
  • Aug 29, 2019 7:02am Aug 29, 2019 7:02am
long 1537.49
MTF PA with indicators = a winning team
  • #52,331
  • Aug 29, 2019 7:06am Aug 29, 2019 7:06am
Banked some profit on short 1540 @ 1536 lot size 0.3
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,332
  • Aug 29, 2019 9:58am Aug 29, 2019 9:58am
sma50 is behaving as resistance now on h1 at 1540. If it stays below then look for the break out 1530-1533 level on h4 for further south movement.
Else it would be buy again..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,333
  • Aug 29, 2019 11:29am Aug 29, 2019 11:29am
Quoting notyetthere
long 1537.49
reversed at 1539.50 on fakey. Good call on that 50sma
MTF PA with indicators = a winning team
  • #52,334
  • Aug 29, 2019 12:24pm Aug 29, 2019 12:24pm
Is official start of US CHINA trade talks is indicating end of bullish trend of Gold? Comments please ...
  • #52,335
  • Aug 29, 2019 12:30pm Aug 29, 2019 12:30pm
Quoting tush1822
Is official start of US CHINA trade talks is indicating end of bullish trend of Gold? Comments please ...
It seems both party start negotiations today ...

https://www.cnbc.com/2019/08/29/trum...ent-level.html
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #52,336
  • Aug 29, 2019 1:10pm Aug 29, 2019 1:10pm
Gold long @ 1527.45 with small lot.
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  • #52,337
  • Aug 29, 2019 1:16pm Aug 29, 2019 1:16pm
There was a lot of shortcovering just in front of the 1525 level so not so suprised it went through rather violently.
Covered my short at 1525.20 as I didn't want to push my luck today ...
MTF PA with indicators = a winning team
  • #52,338
  • Aug 29, 2019 2:23pm Aug 29, 2019 2:23pm
Quoting manize
{quote} It seems both party start negotiations today ... https://www.cnbc.com/2019/08/29/trum...ent-level.html
After G20, this is second time both parties have come together. Now we have to look at the components of the trade deal in details. if everything will be settled, the bond yields will revert and i think gold bullishness will come to an end. Technically I think it will still hover above the H4 rectangle top edge of 1523. It will need a second trigger to crash below that level which 20 day EMA which is around 1500.
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  • #52,339
  • Aug 29, 2019 2:24pm Aug 29, 2019 2:24pm
Quoting tush1822
Is official start of US CHINA trade talks is indicating end of bullish trend of Gold? Comments please ...
Central Bank easing will continue all across globe as every economy is facing slowdown.

China has been slowing even before trade war began.

Ultra low interest rate policy can continue for so long only it will have side effects as they keep forgetting they can tamper with natural cycle of growth-slowdown-recession only for so long. Many successful billionaire investors believe coming recession will be the worst we will see in our lifetime.

We have 15 trillion assets with negative yield globally, I don't see much role of trade was there. We are in negative rates scenario and that is an uncharted territory, most portfolios have added and are adding gold.

US-China talks looks like to begin, its just negotiations as it was a year ago, I don't think they have made any progress there will still be uncertainty as it progresses.

No-deal brexit and upcoming US elections are another uncertainty.
  • #52,340
  • Aug 29, 2019 2:29pm Aug 29, 2019 2:29pm
Quoting tush1822
Is official start of US CHINA trade talks is indicating end of bullish trend of Gold? Comments please ...
You never know when one tweet will come..
I believe news have limited impact till it gets old

Quoting farukh
sma50 is behaving as resistance now on h1 at 1540. If it stays below then look for the break out 1530-1533 level on h4 for further south movement. Else it would be buy again..
Price touched trendline on h4, may go back to 1530-33
P.S. Trade with the discipline of Money Management and Risk Management.
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