XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2669 | Metals Mine

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

  • #53,361
  • Oct 13, 2019 5:10pm Oct 13, 2019 5:10pm
If you are tracking XAUUSD this week, considerthis technical perpsective.

On the daily time frame, price action is sideways within the falling channel (blue) seen on the weekly time frame. Notice that price action is trading below a rising trendline (red) traceable to May 2019 to respect a recent outer rising trendline (magenta). A break-down of the outer trendline ( magenta) will likely result in a southward momentum which may target the 1438 horizontal support zone. Should the trendlne hold, we may see bulls take price action towards the channel resistance trendline or the 1534 horizontal resistance zone.

On the H4 time frame, a bullish pin bar and a hammer were printed in the last two sessions on Friday. Technically, this will likely see bulls take price action further northwards. However, the 1508/1518 zone (bound by green horizontal lines) is a horizontal resistance zone and may hinder a northward momentum.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily_October 13, 2019.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4_October 13, 2019.png Size: 35 KB
Do your homework, follow the footprints of smart money
  • #53,362
  • Oct 13, 2019 5:20pm Oct 13, 2019 5:20pm
Quoting KeenPips
If you are tracking XAUUSD this week, considerthis technical perpsective. On the daily time frame, price action is sideways within the falling channel (blue) seen on the weekly time frame. Notice that price action is trading below a rising trendline (red) traceable to May 2019 to respect a recent outer rising trendline (magenta). A break-down of the outer trendline ( magenta) will likely result in a southward momentum which may target the 1438 horizontal support zone. Should the trendlne hold, we may see bulls take price action towards the channel...
thank you for this analysis
  • #53,363
  • Oct 13, 2019 5:28pm Oct 13, 2019 5:28pm
My pleasure.

Trade safe.

KP

Quoting Tragruel
{quote} thank you for this analysis
Do your homework, follow the footprints of smart money
  • #53,364
  • Oct 13, 2019 5:53pm Oct 13, 2019 5:53pm
Gold another postion added short.
Target 1440
  • #53,365
  • Oct 13, 2019 7:58pm Oct 13, 2019 7:58pm
Heads up! SHFE is about to open. Gold seems to have a bullish tone. Expect volatility in 3...2..1.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #53,366
  • Oct 13, 2019 10:44pm Oct 13, 2019 10:44pm
H1 sell zone produced a bit of resistance with prices being capped from moving higher, and offering one sell setup so far, we still below weekly open and M15 200 EMA, but bears have failed to break lower and challenge the head that's formed on M15 chart, as such initial target for bulls so far marking 1496 which coincides with H4 sell zones.....


Waiting to see what LO does in terms of price momentum

Bank your profit.
4&1 All Time Profit: $37,496
  • #53,367
  • Oct 14, 2019 12:21am Oct 14, 2019 12:21am
Inserted Video
  • #53,368
  • Oct 14, 2019 1:36am Oct 14, 2019 1:36am
Quoting thevisitor
hello, in my view its this: {image}
"E" in the making..
  • #53,369
  • Oct 14, 2019 4:24am Oct 14, 2019 4:24am
https://pbs.twimg.com/profile_images...mn_bigger.jpeg
LiveSquawk@LiveSquawk
China Wants More Talks Before Signing Trump’s Phase 1 Deal
Telegram orderflowbuddy
  • #53,370
  • Oct 14, 2019 4:29am Oct 14, 2019 4:29am
Quoting arulisme
{image} LiveSquawk@LiveSquawk China Wants More Talks Before Signing Trump’s Phase 1 Deal

Gold will go up?
  • #53,371
  • Oct 14, 2019 7:10am Oct 14, 2019 7:10am
Quoting Neil0163
Gold another postion added short. Target 1440
Be safe man .. that target seems highly unlikely to happen in current situation...
Extreme gut feeling trader
  • #53,372
  • Oct 14, 2019 7:22am Oct 14, 2019 7:22am
Waiting for a pullback towards 1488 to join the bulls. SL 1480 and long up till 1502
  • #53,373
  • Oct 14, 2019 7:30am Oct 14, 2019 7:30am
Short gold.Tp 1482
Telegram orderflowbuddy
  • #53,374
  • Oct 14, 2019 8:19am Oct 14, 2019 8:19am
Quoting goldgirl
Waiting for a pullback towards 1488 to join the bulls. SL 1480 and long up till 1502
Manually buy at 1488++, long target 1502-03, SL 1480
  • #53,375
  • Oct 14, 2019 12:43pm Oct 14, 2019 12:43pm
long 1493.50 (30M engulfer with the trend)
MTF PA with indicators = a winning team
  • #53,376
  • Oct 14, 2019 2:26pm Oct 14, 2019 2:26pm
Quoting goldgirl
Waiting for a pullback towards 1488 to join the bulls. SL 1480 and long up till 1502
Seems like a good strategy. Been a generally upward day, but nothing crazy. I think we have some room to run.
If in doubt, paddle out!
  • #53,377
  • Oct 14, 2019 2:27pm Oct 14, 2019 2:27pm
Yeah, long here also (with TP around 1500)... USD seems to be at optimal position (according to my price prediction model) but liquidity kinda dropped... which doesn't help gold that is hesitant to pass the 1500 again... There is no question if it will, almost, for me at least... but how "clean", meaning how much lower it might go first... before it goes down (data for optimising leverage)... I am waiting for it to shoot over the 1500 already!
Can you afford to take that chance?
  • #53,378
  • Oct 14, 2019 5:10pm Oct 14, 2019 5:10pm
I am also long as well tp1497++++
Extreme gut feeling trader
  • #53,379
  • Oct 15, 2019 12:48am Oct 15, 2019 12:48am
15/10/19


Bit of a subdued start to the week across all the sessions. The only change thus far in terms of our zones and levels is the H1, it has flipped bullish and the first point of resistance that price needs to overcome is the 1497.80 handle, till then we can keep selling the handle as it coincides with the upper band of the H4 sell zone and look to buy dips from the lower band of the H1 buy zone. The daily close above 1485 still keeps bulls in control as the daily support lies at the 1485 handle, so while price is consolidating, we need to be carefull and manage positions accordingly, as the breakout following such consolidation periods is often times strong...trade safe.


H1: Buy Zone:1491.66 - 1492.89
H4: Sell Zone:1495.27 - 1493.28



Intra day levels:
Upside
1514.13
1505.15
1498.3
1496.32

Downside
1490.86
1485.40
1482.03
1473.44
1476.57
1470.38

Currently long from H1 Buy Zone


Green Pips today
4&1 All Time Profit: $37,496
  • #53,380
  • Oct 15, 2019 1:00am Oct 15, 2019 1:00am
Quoting MzansiObi
15/10/19 Bit of a subdued start to the week across all the sessions. The only change thus far in terms of our zones and levels is the H1, it has flipped bullish and the first point of resistance that price needs to overcome is the 1497.80 handle, till then we can keep selling the handle as it coincides with the upper band of the H4 sell zone and look to buy dips from the lower band of the H1 buy zone. The daily close above 1485 still keeps bulls in control as the daily support lies at the 1485 handle, so while price is consolidating, we need to...
H1 & h4 buy zones also coincide @1490 level, if it remains support then we may get price upto h4 sell zones 1499 or 1505 extended.
P.S. Trade with the discipline of Money Management and Risk Management.
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