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

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.
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.
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We must learn who is gold, and who is gold plated
Here's a look at the Japanese Yen (purple), Gold (green/red candles) correlation:
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We must learn who is gold, and who is gold plated
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
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.
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We must learn who is gold, and who is gold plated
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
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.
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We must learn who is gold, and who is gold plated
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
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
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
It broke $1500.
Attached Image
We must learn who is gold, and who is gold plated
Quoting EventsTrader
It broke $1500. {image}
Are ya in??
From tiny pips mighty oaks grow
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
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
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
BUY-SL:1484
ForexSignalsz All Time Profit: $9,791
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: na
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
https://www.youtube.com/watch?v=UpdZVGsyUS0
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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