XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2630 | Metals Mine

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

  • #52,581
  • Sep 9, 2019 2:39pm Sep 9, 2019 2:39pm
If day closes above 1500, worth taking risk on long. It is at low since 23rd Aug.
sma200 got near to price, acted as support previously at 1400 price level.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,582
  • Sep 9, 2019 3:01pm Sep 9, 2019 3:01pm
CME Gold front month is very close to the $1500 level. I'd be surprised if we broke it but given the drops we've seen likely it's not out of the question. We are testing some support levels made back on Aug 22/23rd. If we do break $1500, we could see some stronger selling come in. I'm not sure what to think right now. Gold long still seems like the smart play, given the global uncertainty that still exists.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-4 3.57.23 PM.png Size: 20 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,583
  • Sep 9, 2019 6:24pm Sep 9, 2019 6:24pm
Here's a look at the Japanese Yen (purple), Gold (green/red candles) correlation:
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-1 7.23.50 PM.png Size: 28 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,584
  • Sep 9, 2019 7:02pm Sep 9, 2019 7:02pm
Quoting EventsTrader
CME Gold front month is very close to the $1500 level. I'd be surprised if we broke it but given the drops we've seen likely it's not out of the question. We are testing some support levels made back on Aug 22/23rd. If we do break $1500, we could see some stronger selling come in. I'm not sure what to think right now. Gold long still seems like the smart play, given the global uncertainty that still exists. {image}
I've been short since yesterday @ 1506, still heading South. Short on Silver also
From tiny pips mighty oaks grow
  • #52,585
  • Sep 9, 2019 7:05pm Sep 9, 2019 7:05pm
Quoting Boo15
{quote} I've been short since yesterday @ 1506, still heading South. Short on Silver also
Great trades! I'm watching for the CME GC front month to break $1500. If it does, then I might join you. There's some strong support right about where it's at right now.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-2 8.04.31 PM.png Size: 25 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,586
  • Sep 9, 2019 7:12pm Sep 9, 2019 7:12pm
Quoting EventsTrader
{quote} Great trades! I'm watching for the CME GC front month to break $1500. If it does, then I might join you. There's some strong support right about where it's at right now. {image}
It's struggling to break 1494 at the mo, if it does then down down down
From tiny pips mighty oaks grow
  • #52,587
  • Sep 9, 2019 7:15pm Sep 9, 2019 7:15pm
Quoting Boo15
{quote} It's struggling to break 1494 at the mo, if it does then down down down
I agree. Gold and the Japanese Yen futures are both trying to move lower. Gold is looking weak. If the $1500 level is breached then lookout below.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-4 8.14.30 PM.png Size: 24 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,588
  • Sep 9, 2019 7:19pm Sep 9, 2019 7:19pm
Quoting Boo15
{quote} It's struggling to break 1494 at the mo, if it does then down down down
Hope so, but down down little up then down down 1475 is good
It's life let's live and enjoy
  • #52,589
  • Sep 9, 2019 7:22pm Sep 9, 2019 7:22pm
Quoting Boo15
{quote} I've been short since yesterday @ 1506, still heading South. Short on Silver also
Silver also heading South nicely, tho some support around 17.450
From tiny pips mighty oaks grow
  • #52,590
  • Sep 9, 2019 7:47pm Sep 9, 2019 7:47pm
Heavy volume coming in with these red candles. $1500 level being eyed. SHFE opens in a little over 10 minutes.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,591
  • Sep 9, 2019 8:02pm Sep 9, 2019 8:02pm
It broke $1500.
Attached Image
We must learn who is gold, and who is gold plated
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  • #52,592
  • Sep 9, 2019 8:04pm Sep 9, 2019 8:04pm
Quoting EventsTrader
It broke $1500. {image}
Are ya in??
From tiny pips mighty oaks grow
  • #52,593
  • Sep 9, 2019 8:08pm Sep 9, 2019 8:08pm
Quoting Boo15
{quote} Are ya in??
I shorted it. Yup. How you doing over there sir?
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,594
  • Sep 9, 2019 8:10pm Sep 9, 2019 8:10pm
Quoting EventsTrader
{quote} I shorted it. Yup. How you doing over there sir?
Doing good, next target 1447ish, what ya think?
From tiny pips mighty oaks grow
  • #52,595
  • Sep 9, 2019 8:20pm Sep 9, 2019 8:20pm
Quoting Boo15
{quote} Doing good, next target 1447ish, what ya think?
A little nervous about this Chinese data. It normally doesn't have impact but if it comes in as a surprise, who knows. I don't think it's a reason to close though.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,596
  • Sep 9, 2019 9:34pm Sep 9, 2019 9:34pm
BUY-SL:1484
  • #52,597
  • Sep 9, 2019 10:40pm Sep 9, 2019 10:40pm
Quoting Boo15
{quote} Doing good, next target 1447ish, what ya think?
Bit of a stretch bud couple of strong support handles to be challenged first......1474 and also some weekly levels to contend with
4&1 All Time Profit: $37,496
  • #52,598
  • Sep 9, 2019 11:02pm Sep 9, 2019 11:02pm
We will have a good opportunity to get long, but it’s still too soon I think. This correction is just getting started so I’d give it at least a week or two before starting to scale in.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #52,599
  • Sep 9, 2019 11:23pm Sep 9, 2019 11:23pm
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  • #52,600
  • Sep 10, 2019 12:06am Sep 10, 2019 12:06am
Quoting MzansiObi
{quote} Bit of a stretch bud couple of strong support handles to be challenged first......1474 and also some weekly levels to contend with
LOL, dreams are free matey!
From tiny pips mighty oaks grow
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