XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2688 | Metals Mine

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

  • #53,741
  • Nov 1, 2019 8:04am Nov 1, 2019 8:04am
long from 1506.5 on 5M morning star
MTF PA with indicators = a winning team
  • #53,742
  • Nov 1, 2019 9:18am Nov 1, 2019 9:18am
This is what I call Van Damme pattern

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Oleg Alexandrov, market analyst. Find me in Google
  • #53,743
  • Nov 1, 2019 10:49am Nov 1, 2019 10:49am
Potential trade

https://www.tradingview.com/chart/XA...ial-trade-NFP/
"Show me the charts, and I'll tell you the news." Bernard Baruch
  • #53,744
  • Nov 1, 2019 3:35pm Nov 1, 2019 3:35pm
Quoting goldcartel
Potential trade https://www.tradingview.com/chart/XA...ial-trade-NFP/
I would advise against going short in gold. I cannot see even one signal for a down move. I see that you have drawn a very nice down-sloping trendline, however, it won't stop gold from moving higher. Monday could be the day when your trendline might be broken and then gold will just keep going up for the rest of next week.
  • #53,745
  • Nov 1, 2019 5:13pm Nov 1, 2019 5:13pm
Quoting rosspetX
{quote} I would advise against going short in gold. I cannot see even one signal for a down move. I see that you have drawn a very nice down-sloping trendline, however, it won't stop gold from moving higher. Monday could be the day when your trendline might be broken and then gold will just keep going up for the rest of next week.

I'm holding sell from the top since September 5, 2019
https://www.tradingview.com/x/gSsSakRu/

Time will tell, 38.20% Fib is my target.
"Show me the charts, and I'll tell you the news." Bernard Baruch
  • #53,746
  • Nov 2, 2019 2:16am Nov 2, 2019 2:16am
Quoting goldcartel
{quote} I'm holding sell from the top since September 5, 2019 https://www.tradingview.com/x/gSsSakRu/ Time will tell, 38.20% Fib is my target.
I do hope I am wrong, then. I have no positions in gold currently, so I don't really care where the price goes from here. I hope you make a profit. Now relax, it is the weekend :-)
  • #53,747
  • Nov 2, 2019 5:44am Nov 2, 2019 5:44am
Quoting notyetthere
long from 1506.5 on 5M morning star
got out at 1512 when the 15M chart reversed from levels.
MTF PA with indicators = a winning team
  • #53,748
  • Nov 2, 2019 7:13pm Nov 2, 2019 7:13pm
Gold still bullish trend!!!
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  • #53,749
  • Nov 3, 2019 9:10am Nov 3, 2019 9:10am
#SILVER / H4
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  • #53,750
  • Nov 3, 2019 9:23am Nov 3, 2019 9:23am
#GOLD / H4 / Four Ideas
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  • #53,751
  • Edited Nov 4, 2019 7:53am Nov 3, 2019 2:09pm | Edited Nov 4, 2019 7:53am
Here's my take on the XAUUSD, from the technical perspective of a swing trader.

The XAUUSD market is operating in the 1519/1552 multi-year resistance zone. This zone has seen a series of sideways of market operations for quite a while.

On the daily time frame, price action is operating within a falling channel (blue). Although, presently, it is at the channel resistance trendline, the relatively big bullish candlestick printed last week Thursday may have a northward follow-through in the early part of this week. Besides, a rising trendline (black) is still in play as support. Thus, technically bulls are still favoured. However, a breakdown of the rising trendline (black) on a daily closing basis is likely to result in a bearish drive to expose the 1460.80 area.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #53,752
  • Nov 3, 2019 6:35pm Nov 3, 2019 6:35pm
Quoting Ayax.TSS
#GOLD / H4 / Four Ideas {image}{image}{image}{image}
I think the gold went down .......
and then Up
  • #53,753
  • Nov 4, 2019 2:17am Nov 4, 2019 2:17am
short from 1512.30 5M bearish engulfer.
MTF PA with indicators = a winning team
  • #53,754
  • Nov 4, 2019 2:35am Nov 4, 2019 2:35am
Quoting notyetthere
short from 1512.30 5M bearish engulfer.
flat 1509.80.
MTF PA with indicators = a winning team
  • #53,755
  • Nov 4, 2019 2:50am Nov 4, 2019 2:50am
long 1510.24 15M morning star.
MTF PA with indicators = a winning team
  • #53,756
  • Nov 4, 2019 3:21am Nov 4, 2019 3:21am
reversed to short at 1510.40, fakey on the 5M
MTF PA with indicators = a winning team
  • #53,757
  • Nov 4, 2019 3:39am Nov 4, 2019 3:39am
04/11/19

As highlighted over the weekend, price is currently challenging some overhead resistance and as such will need to wait it out and see if the bearish RSI divergence will also stop prices from rallying higher, currently, all of our timeframes (H1,H4,D1 and W1) are bullish, As such will look to trade off of the H1 and H4 zones in conjucntion with our upside and downside levels.

H1: Buy Zone:1511.94 - 1510.39
H4: Buy Zone:1508.13 - 1503.85
D1: Buy Zone:1500.16 - 1497.75

Weekly Levels
Upside
1561.09
1546.31
1538.2
1525.28
1517.07

Downside
1502.69
1498.59
1494.48
1490.49
1482.28
1479.57





Monday Levels
Upside
1531.65
1526.20
1523.85
1518.94
1515.99

Downside
1508.61
1506.23
1503.28
1497.36
1493.52
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4&1 All Time Profit: $37,496
  • #53,758
  • Nov 4, 2019 3:41am Nov 4, 2019 3:41am
Quoting notyetthere
reversed to short at 1510.40, fakey on the 5M
got out -1 USD
MTF PA with indicators = a winning team
  • #53,759
  • Nov 4, 2019 4:05am Nov 4, 2019 4:05am
short 1510.75, 15M bearish engulfer.
MTF PA with indicators = a winning team
  • #53,760
  • Nov 4, 2019 4:47am Nov 4, 2019 4:47am
reversed to long at 1510.50 15M ib. Double bottom forming trade.
MTF PA with indicators = a winning team
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