XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2623 | Metals Mine

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

  • #52,441
  • Sep 3, 2019 12:53am Sep 3, 2019 12:53am
Inserted Video
  • #52,442
  • Sep 3, 2019 1:23am Sep 3, 2019 1:23am
Quoting MzansiObi
{quote} 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
Are you having any sell right now?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,443
  • Sep 3, 2019 1:43am Sep 3, 2019 1:43am
Quoting farukh
{quote} Are you having any sell right now?
Morning Farukh....

Yeah I do.....sorry I posted on the other thread bud....
Was abit slow out the blocks this morning....

Whoever came up with the concept for the snooze button on an alarm needs to be spoken too.......it's the worst best idea ever........


Nothing has really changed ....we still ranging within our key areas......just need to check if this consolidation hasn't brought up daily buy area somewhat higher....on my platform it's ticked up to 1520.32

Both H1 and H4 are neutral to Bearish.....so we need clarity on where it what it wants to do.....

Intra day levels
Upside
1543.8
1535.7
1531.8

Downside
1520.88
1517.32
1513.2
1505.03

For now will continue selling rallies at/near M15 200 and buying dips near h1 200.......
We need more clarity from the structure/PA as such this ping pong can be profitable till either level breaks.....

Trade safe
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #52,444
  • Sep 3, 2019 2:02am Sep 3, 2019 2:02am
Quoting MzansiObi
{quote} Morning Farukh.... Yeah I do.....sorry I posted on the other thread bud.... Was abit slow out the blocks this morning.... Whoever came up with the concept for the snooze button on an alarm needs to be spoken too.......it's the worst best idea ever........ Nothing has really changed ....we still ranging within our key areas......just need to check if this consolidation hasn't brought up daily buy area somewhat higher....on my platform it's ticked up to 1520.32 Both H1 and H4 are neutral to Bearish.....so we need clarity on where it what it...
Morning Obi... Thanks for the comprehensive analysis
I am having short with SL 1535, anticipating it to drop up to buying area that could be 1505 (breakout price) or 1508-1510.
But for that 1530-1535 needs to play the role
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,445
  • Sep 3, 2019 3:02am Sep 3, 2019 3:02am
Quoting farukh
{quote} Morning Obi... Thanks for the comprehensive analysis I am having short with SL 1535, anticipating it to drop up to buying area that could be 1505 (breakout price) or 1508-1510. But for that 1530-1535 needs to play the role
Hey bud.....you're welcome...
It makes sense to wanna buy dips.
I'm thinking of doing that too now.....London Bought it up to resistance, we are above some stuff on M15 and h1 now.....but still below resistance....will look to unwind some shorts on pullbacks and go long....
4&1 All Time Profit: $37,496
  • #52,446
  • Sep 3, 2019 3:55am Sep 3, 2019 3:55am
Quoting tush1822
{quote} The bearish trend has been confirmed by the Bearish Flag breakout validated by a retest with high volume . The price is coming back in the consolidation rectangle --(1495-1523) and ready to test 1506 range. The above scenario will be validated with Positive China weekend data and a next week US CHINA trade talks resumption. {image}
Looks like the breakout from the consolidation rectangle (1495-1523) is confirmed, I will try to place long around 1526. However looking at the overall political & economical situation, it may not even retrace.
  • #52,447
  • Sep 3, 2019 4:45am Sep 3, 2019 4:45am
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Quoting MzansiObi
{quote} Hey bud.....you're welcome... It makes sense to wanna buy dips. I'm thinking of doing that too now.....London Bought it up to resistance, we are above some stuff on M15 and h1 now.....but still below resistance....will look to unwind some shorts on pullbacks and go long....
When does the next recession start? On the chart below, the vertical line is the 10 consecutive day of inversion. The shaded area is recession.

The table details this. On average the recession starts 311 days after inversion. Or, April 2020.
  • #52,448
  • Sep 3, 2019 4:48am Sep 3, 2019 4:48am
Quoting Unitedgold
{image}{quote} When does the next recession start? On the chart below, the vertical line is the 10 consecutive day of inversion. The shaded area is recession. The table details this. On average the recession starts 311 days after inversion. Or, April 2020.
Quite interesting. Where did you dig this Data up?
I'm thinking EventsTrader and Auri are gonna have fun deciphering all of this and maybe bringing it into context.....
Very interesting mate
4&1 All Time Profit: $37,496
  • #52,449
  • Sep 3, 2019 5:48am Sep 3, 2019 5:48am
Quoting MzansiObi
{quote} Quite interesting. Where did you dig this Data up? I'm thinking EventsTrader and Auri are gonna have fun deciphering all of this and maybe bringing it into context..... Very interesting mate
Attached Image (click to enlarge)
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If momentum sticks, then Gold would most likely clear it's recent yearly high from last week just shy of $1,560 per ounce
  • #52,450
  • Sep 3, 2019 6:45am Sep 3, 2019 6:45am
timeframe h8... is presenting a breakout, to high.
Time will tell.
  • #52,451
  • Sep 3, 2019 7:01am Sep 3, 2019 7:01am
Quoting Unitedgold
{image}{quote} When does the next recession start? On the chart below, the vertical line is the 10 consecutive day of inversion. The shaded area is recession. The table details this. On average the recession starts 311 days after inversion. Or, April 2020.

Hi United

What will be impact on gold price?
  • #52,452
  • Sep 3, 2019 7:11am Sep 3, 2019 7:11am
looks like he wants to break the highs of all ... I'll watch this!!!!
  • #52,453
  • Sep 3, 2019 7:18am Sep 3, 2019 7:18am
gold is very powerful ... all the increase in the dollar, the gold was only lateralized ... while the other currencies broke very low.
  • #52,454
  • Sep 3, 2019 7:24am Sep 3, 2019 7:24am
I should have kept my purchase 1275 to this day ... And you all were supposed to have bought there when I said kkkk jesus christ
  • #52,455
  • Sep 3, 2019 7:26am Sep 3, 2019 7:26am
why has gold fallen asleep all this time?... for years.
  • #52,456
  • Sep 3, 2019 7:32am Sep 3, 2019 7:32am
It need one new to bring it down
  • #52,457
  • Sep 3, 2019 8:07am Sep 3, 2019 8:07am
Quoting jinsen
It need one new to bring it down
It's true ... even silver is pulling gold.
  • #52,458
  • Sep 3, 2019 8:20am Sep 3, 2019 8:20am
Quoting Marcieny
{quote} It's true ... even silver is pulling gold.
I don’t understand what r you saying
  • #52,459
  • Sep 3, 2019 8:23am Sep 3, 2019 8:23am
Quoting Unitedgold
{quote} I don’t understand what r you saying
it must be the translator sometimes the words are different .... but silver seems to be rising and taking gold with it.
  • #52,460
  • Sep 3, 2019 8:49am Sep 3, 2019 8:49am
Gold is crazy today.
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