XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2622 | Metals Mine

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

  • #52,421
  • Sep 1, 2019 6:10pm Sep 1, 2019 6:10pm
Quoting Unitedgold
Check this {image}
I like this chart!
4&1 All Time Profit: $37,496
  • #52,422
  • Sep 1, 2019 6:14pm Sep 1, 2019 6:14pm
Negative rates bonds are a black hole. Once they suck in capital it can never leave as any rate increases destroy the price of the bond, & are useless until they break the zero bound - even then you have inflation. Now imagine the massive booked losses.
  • #52,423
  • Sep 1, 2019 6:16pm Sep 1, 2019 6:16pm
Quoting MzansiObi
{quote} I like this chart!
Thanks buddy
  • #52,424
  • Sep 1, 2019 6:25pm Sep 1, 2019 6:25pm
Attached Image (click to enlarge)
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The financial markets can no longer live without the liquidity of the central banks. Central bank asset purchases coming back. The ECB could revive its QE programme in Sep.
  • #52,425
  • Sep 1, 2019 6:28pm Sep 1, 2019 6:28pm
Attached Image (click to enlarge)
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Global #PMI Ranking shows the world slides in a recession or already is. Perhaps Greece, Saudi Arabia and UEA can save us this time ;-) everything below 50 is shrinking. Trade war won’t help!
  • #52,426
  • Sep 1, 2019 7:15pm Sep 1, 2019 7:15pm
I am back with a trade explorer this time........ and the name says everything....... How many votes i will get it?
Extreme gut feeling trader
  • #52,427
  • Sep 2, 2019 1:03am Sep 2, 2019 1:03am
Quoting montygoldy
I am back with a trade explorer this time........ and the name says everything....... How many votes i will get it?

The prodigal son has returned!!!!
We are glad to have you back bud. Green pips to you ..
4&1 All Time Profit: $37,496
  • #52,428
  • Sep 2, 2019 2:02am Sep 2, 2019 2:02am
long 1522.65, targeting 5 USD
MTF PA with indicators = a winning team
  • #52,429
  • Sep 2, 2019 2:42am Sep 2, 2019 2:42am
Quoting notyetthere
long 1522.65, targeting 5 USD
Bro just out of interest sake, what are your Stops on your trades? Or are you not using one?
4&1 All Time Profit: $37,496
  • #52,430
  • Sep 2, 2019 2:43am Sep 2, 2019 2:43am
on this trade I had a stop of 2 USD but reenterered long again.
MTF PA with indicators = a winning team
  • #52,431
  • Sep 2, 2019 2:58am Sep 2, 2019 2:58am
Inserted Video
  • #52,432
  • Edited 6:19am Sep 2, 2019 5:58am | Edited 6:19am
Quoting notyetthere
long 1522.65, targeting 5 USD
got out at 1525.85 on my second try at 1521.80, then tried a short around that sell level but that turned into a breakeven. Now waiting for the US session to open.
MTF PA with indicators = a winning team
  • #52,433
  • Sep 2, 2019 6:01am Sep 2, 2019 6:01am
1527-1533 is showing resistance.. if it remains below till US open then I'll go short with SL 1535
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,434
  • Sep 2, 2019 7:32am Sep 2, 2019 7:32am
long 1524.54
MTF PA with indicators = a winning team
  • #52,435
  • Sep 2, 2019 7:48am Sep 2, 2019 7:48am
Quoting notyetthere
long 1524.54
out for 10 pips, seems like US bank hohliday is ruining the party ... better trade this another day ...
MTF PA with indicators = a winning team
  • #52,436
  • Sep 2, 2019 8:39am Sep 2, 2019 8:39am
I was badly stuck in Gold on Friday, thank God it was gap up opening Today. Managed to get out in profit.
Attached Image (click to enlarge)
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  • #52,437
  • Edited 9:44am Sep 2, 2019 9:15am | Edited 9:44am
10M chart is looking like a bearish flag: longs be carefull ...
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MTF PA with indicators = a winning team
  • #52,438
  • Sep 2, 2019 4:20pm Sep 2, 2019 4:20pm
Quoting pundit78
I was badly stuck in Gold on Friday, thank God it was gap up opening Today. Managed to get out in profit. {image}
We may have to wait for extra couple of days to find perfect long setup.
Just caution!! refrain from placing short. trade only long!!
  • #52,439
  • Sep 2, 2019 5:21pm Sep 2, 2019 5:21pm
Gold correlation to the Japanese yen Swiss franc are related to the risk environment. The higher the price correlation, the more likely the markets are focused on risk. When markets are focused on risk during times of uncertainty, it usually means gold prices are going up. I'd agree with tush1822 with looking to trade gold long, at least on a longer term time horizon.

Here's two 15M charts showing the overlay of gold with the yen and swiss franc futures:
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,440
  • Sep 2, 2019 6:14pm Sep 2, 2019 6:14pm
Quoting EventsTrader
Gold correlation to the Japanese yen Swiss franc are related to the risk environment. The higher the price correlation, the more likely the markets are focused on risk. When markets are focused on risk during times of uncertainty, it usually means gold prices are going up. I'd agree with tush1822 with looking to trade gold long, at least on a longer term time horizon. Here's two 15M charts showing the overlay of gold with the yen and swiss franc futures:{image}{image}
You had me at Correlation bud.
I agree on the overall long run, but would prefer buying from deeper....
!510 if not 1508 would be an ideal area.....but we see what the market prints
4&1 All Time Profit: $37,496
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