Can you afford to take that chance?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #53,801
- Nov 7, 2019 3:01pm Nov 7, 2019 3:01pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
- #53,804
- Nov 7, 2019 3:49pm Nov 7, 2019 3:49pm
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
- #53,805
- Nov 7, 2019 3:54pm Nov 7, 2019 3:54pm
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
- #53,806
- Nov 7, 2019 5:46pm Nov 7, 2019 5:46pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
A couple observations in Gold from today's close. 
- Today's trading volume on the CME futures contract GC was the 2nd highest of the year. It was the most since Aug 7th, a day when US-China trade escalations were causing the markets to make big moves. Sound familiar?
- The other thing is that Gold closed at its lowest level since the beginning of August.
From what I'm gathering, gold has some room to go to the downside.
We must learn who is gold, and who is gold plated
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- #53,807
- Nov 7, 2019 6:52pm Nov 7, 2019 6:52pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
hey guys very careful ... if it is the wave of the selling butterfly harmonic pattern in monthly.... it could be a very strong fall of gold in the month ... only very strong news to raise the gold.
just for a cup of coffee...
There is still room upside. We may see 1493-98 before further fall. Breakout of mentioned level will continue long.
P.S. Trade with the discipline of Money Management and Risk Management.
- #53,810
- Nov 8, 2019 1:42am Nov 8, 2019 1:42am
- Joined Jul 2018 | Status: Trader | 1,431 Posts
{quote} When? Tell me when...... You know something I don't know.
- #53,813
- Nov 8, 2019 6:26am Nov 8, 2019 6:26am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
massive break down in progress on daily. As noted/posted here previously, gold is topped out in this cycle. Daily is really ugly. {image}
- #53,814
- Nov 8, 2019 6:26am Nov 8, 2019 6:26am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
{quote} I would believe so, where else?
- #53,817
- Edited 7:06am Nov 8, 2019 6:55am | Edited 7:06am
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
{quote} i love butterfly..
I still have a drawing that indicates a possible rise in gold this month ... it may be some agreement between us and china, or a possible big pulback S&P... so I haven't put my longs yet....
