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

Today i try sell again if it jump 1517 i will ad a part too stop is 1522

would be looking for opposite setup buy @above 1520 with stop below 1508 for target 1545

long 1509.72, 30M inside bar with the trend

out be

got a buystop at 1510 for the next half hour, pinbar with the trend on 30M

Everybody expecting nfp data to be horrible and gold to fly high.... my gut feeling... fake up spike n then we going below 1500... thats how most of the times i get fucked on friday... atleast i somehow learned my lesson....
ps. I may be wrong

I think I'll sell gold after the news.

maybe it will be too late after news? spread will be widening and moves will be choppy

I have buy n sell stops with small tp

the price always made some high ... I prefer to expect a better price ... and if the news is fall dxy is better to buy ...

The mixed news is always good to wait.

Perfect it gave me too much money thanks market after big loss of begging of the week

i closed everything from 1499.80

Some people believe that gold can rise along with the dollar be careful. gold is strong....

Some times experience is enough to get you 2k profit

long 1501.41 15M ib break in sto os

I believe made enough for now... now wait for powell speech for some action

got out be, misread my chart

hi, i got f**** tonite, tot the NFP result will push up gold. m still holding the position. Hope it will recover.

Yesterday, I've posted messages in Telegram, I wrote:
market is not interested in moving higher. We have to expect some sort of decline.

Let's look at this market with a more detailed view and analyze how situation has developed.
I use ATAS software, a tick chart from Moscow exchange.



1) This is a pumping upmove from yesterday. I judged it as an SLKT and starting the shape of weakness formation. Note "P" shape. It means a lot of activity on the top (around 1524 level). This is a typical behavior for the weak market. You can describe it as EVRT (small Result for bulls Versus high Effort on the Top), or a wall of SELL-LIMIT orders met up-wave.
2) As a consequence of Supply Entered the market, price started to go down. This is the second stage of the Shape of Weakness formation.

After slow sideways movement on Friday, we got...

3) ..News Event spike during American Session. This is another up-movement in fake direction. This up-bar diversion: a) knocked out bears from good positions, and b) attract buyers in Trap
4) Decline with breakdown of support line

Believe or not - On Thursday, professionals & Insiders were aware of Friday news effect. That is why they managed to prepare themselves.



5) Actually, here is minor SLKB (triggering of SLs under the previous minor low added bullish impulse to market). However, I do not expect gold price will continue to rally above the Thursday tight range & high of today's event above 1520.

I'm waiting for gold to touch the downtrend line to sell ...