XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2667 | Metals Mine

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

  • #53,321
  • Oct 10, 2019 8:48am Oct 10, 2019 8:48am
possible M formation
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don't predict direction, but dance with flow of water
  • #53,322
  • Oct 10, 2019 8:51am Oct 10, 2019 8:51am
Quoting Tekin
still thinking that it will go down time will show

time i
was this i think but no trade. whats next 1491 or back to 1506
  • #53,323
  • Oct 10, 2019 9:29am Oct 10, 2019 9:29am
Quoting farukh
Price is coming closer to breakout but be careful first breakout may be the false one.. MAs & different patterns are showing bullish but price action is very mixed. Upper range of lower trendline is showing strong resistance
Do you think that this is the false breakout?
Investing is SIMPLE but NOT EASY
  • #53,324
  • Oct 10, 2019 9:54am Oct 10, 2019 9:54am
Quoting SurfsUp
{quote} What are you seeing to project a breakout? I've seen a few posts here expecting it. It feels like the range has been pretty tight with decent support and resistance on both sides.
Now looking to see day close today, if it remains below 1497 we may see it going further low.
Target would be somewhere 1474 - 1484

Quoting Moly_Cam5
{quote} Do you think that this is the false breakout?
I don't think that it's a false breakout, however day close will clear it further.
False breakout often spikes and comes back quickly.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,325
  • Oct 10, 2019 11:53am Oct 10, 2019 11:53am
hey guys ... keep attention in breakouts.

you can profit from them ... but don't forget that bears are watching.
  • #53,326
  • Oct 10, 2019 5:11pm Oct 10, 2019 5:11pm
Quoting auricforecas
Anyway.. not happy with USD price atm... My controlling base.. too strong atm...
Well situation improved much since the time of above post (cca 27h ago)... It almost went to the level I wanted it too... Still not fully there yet..
might be tomorrow or (by the mid of) next week... So it increased my confidence.. due to this quality parameter improving much...
So I am even more confident for XAU/USD going up, just after this correction gets through... Wonderfull opportunity for BUY.. since anything below 1500...
is almost a no-brainer buy for me... But just to be on the careful side... will wait for more optimal entry conditions, Just.in Case
Can you afford to take that chance?
  • #53,327
  • Oct 10, 2019 5:28pm Oct 10, 2019 5:28pm
even as the dollar has fallen, gold may devalue more than DXY.. Take Care.
  • #53,328
  • Oct 10, 2019 7:21pm Oct 10, 2019 7:21pm
Trump is talking to China tomorrow about the trade deal, so if anything is announced in a positive way -- that some kind of deal has been reached, the USD will skyrocket, especially against gold. So we could possibly hit 1450 or below. On the other hand, if no deal, gold could skyrocket.
  • #53,329
  • Oct 10, 2019 7:45pm Oct 10, 2019 7:45pm
No news on this drop. I think it's related to some resistance in the CME front month at $1500. I'm very interested to see how gold moves when the SHFE opens in 15 minutes. With an empty calendar, that's what I see as why gold could take a direction. Here's the drop I mentioned. Nothing out there as far as news.
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We must learn who is gold, and who is gold plated
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  • #53,330
  • Oct 10, 2019 8:28pm Oct 10, 2019 8:28pm
Here we go. It's above the $1500 level and it could be on its way up if it stays above which it looks like it will. I'm long. Risk reward is good here with tighter than usual stops below $1500 but letting profits run a little after it breaks.
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We must learn who is gold, and who is gold plated
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  • #53,331
  • Oct 10, 2019 8:52pm Oct 10, 2019 8:52pm
A break through $1500 followed by a test and bounce off of the level would be a very bullish sign and also good for my long position. I'd probably add to it if it holds here.
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  • #53,332
  • Oct 11, 2019 12:02am Oct 11, 2019 12:02am
Quoting tush1822
Depending upon the succeeds level of the US CHINA deal PA will react I guess. Case 1 - Full deal- PA will go down till 1445 - Break the Daily TL (Blue) Case 2- A Partial deal- PA to 1483- Daily TL will be held. (Blue) Case 3- Fail- no retracement straight to 1600 over weekend. If anyone has details understanding of the components of the deal- worth sharing for common good. I am lagging this time in preparation. I think we should be quick to understand the how the deal success content is. {image} {image}
Considering the development arround the BREXIT and TRADE TALKS, I think the daily trend will break today. On Moday we will realize the breakout is valid or fake. I am expecting the 1476 range today.
  • #53,333
  • Oct 11, 2019 12:07am Oct 11, 2019 12:07am
11/10/19

Morning Traders,just a recap of what PA did yesterday, we enjoyed buying dips off of the H1 buy zone and got a series of buy setups.
The m15 200 ema handle also provided a couple of bounce and price went on to create a new head and shoulder pattern that managed to keep its shape and the Head of the pattern wasnt able to be broken, as such we reduced bullish outlook and waited for price to break and close below the m15 200 ema. The plan was to begin bying dips as soon as the m15 pattern reached its target at 1492 and then buy dips with the first target towards 1500 and 1503 in extension, we waited for the H1 sell zone to cross over and come within range, it has done so now. The daily close below 1500 mark but above the 1485 handle still keeps bulls in play....without a daily close below 1485 we remain range bound.....

H1 :Bearish: Sell Zone 1496 - 1499.16
H4 : Neutral to Bullish.
D1: Neutral to Bullish.

Intra day levels
Upside
1526.40
1516.51
1512.86
1507.16
1501.05

Downside
1490.63
1484.11
1482.23
1474.96
1458.23


Trade safe and green pips all round
H1 Chart with Zone
H4 Chart with weekly levels for perspective
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GOLDH1111019.png Size: 43 KB
4&1 All Time Profit: $37,496
  • #53,334
  • Oct 11, 2019 12:33am Oct 11, 2019 12:33am
For me 1498 is the key area today..
If it remains unbroken strongly today bears will continue
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,335
  • Oct 11, 2019 4:28am Oct 11, 2019 4:28am
Quoting farukh
For me 1498 is the key area today.. If it remains unbroken strongly today bears will continue
My yesterday's short was closed with some profit taken @1505.
As 1498 is broken, I am gonna buy here with SL 1492 & TP 1507.
H4 has been in range 1490 - 1510
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,336
  • Oct 11, 2019 6:53am Oct 11, 2019 6:53am
i'm praying for a close under 1483, it will be wonderful afterward..
Investing is SIMPLE but NOT EASY
  • #53,337
  • Oct 11, 2019 7:01am Oct 11, 2019 7:01am
Gold is moving along with silver.
  • #53,338
  • Oct 11, 2019 7:25am Oct 11, 2019 7:25am
several pairs exploding today .. let's see what silver will offer me.
  • #53,339
  • Oct 11, 2019 8:36am Oct 11, 2019 8:36am
already thought the S&P reaching the top people selling there and buying the bulls win there ... there will be a lot of people buying gold hahaha explodes S&P and Gold. take care.
  • #53,340
  • Oct 11, 2019 8:59am Oct 11, 2019 8:59am
The silver is trying to rise.
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