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XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #54,443
- Apr 21, 2020 4:49am Apr 21, 2020 4:49am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H4 
- #54,445
- Apr 21, 2020 6:01pm Apr 21, 2020 6:01pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
I'm extremely bullish on gold. The fear that came into the markets after the 2008 crisis resulted in a prolonged rally in gold, and I think that same type of risk-averse behavior is here. Fear has and will continue to drive higher allocations into gold for some time to come.
In 2008, Gold initially sold off as money rotated into the US dollar (flight to quality). It did the same recently when gold came down at the start of this covid crisis. I am basing this projection on the fact that investors are going to remain considerably more risk-averse and safer assets will benefit from that sentiment. 
In 2008, Gold initially sold off as money rotated into the US dollar (flight to quality). It did the same recently when gold came down at the start of this covid crisis. I am basing this projection on the fact that investors are going to remain considerably more risk-averse and safer assets will benefit from that sentiment.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #54,446
- Apr 22, 2020 3:31am Apr 22, 2020 3:31am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H1 
- #54,447
- Apr 22, 2020 8:24am Apr 22, 2020 8:24am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
WARNING: This post warps space and time in its vicinity.
- #54,448
- Apr 23, 2020 7:44am Apr 23, 2020 7:44am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
WARNING: This post warps space and time in its vicinity.
- #54,449
- Apr 24, 2020 1:05am Apr 24, 2020 1:05am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
WARNING: This post warps space and time in its vicinity.
- #54,450
- Apr 24, 2020 11:40am Apr 24, 2020 11:40am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #54,453
- Apr 27, 2020 6:00am Apr 27, 2020 6:00am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #54,455
- Apr 27, 2020 7:37am Apr 27, 2020 7:37am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
gold is right on the top should we buy it? because now people are afraid of the same disease. just as gold is a hedge against risk
I myself am looking for longterm gold BUY... But for daily, it is up the daily situation
Can you afford to take that chance?
- #54,456
- Apr 29, 2020 7:53pm Apr 29, 2020 7:53pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
As countries start to ease lockdowns and restrictions there's a significant risk. The biggest risk to the markets right now is a second wave. We might be getting our first look at it happening in a major economy. 
- Germany’s COVID-19 infection rate increases after easing lockdowns
- Germany faces having to bring BACK strict coronavirus lockdowns as cases surge just days after easing them
This gold chart overlay with silver (continuous contracts) clearly shows how we are in a risk environment. That's not changing anytime soon. As risks rise relating to the easing of lockdowns, gold and silver should benefit from it. This could provide some near-term upward price pressures on both. Longer-term I remain bullish, especially on gold.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #54,457
- Edited 12:15am Apr 30, 2020 12:03am | Edited 12:15am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H4 
- #54,458
- Apr 30, 2020 12:13pm Apr 30, 2020 12:13pm
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H1 
- #54,459
- May 2, 2020 6:37am May 2, 2020 6:37am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H1 
- #54,460
- May 2, 2020 12:32pm May 2, 2020 12:32pm
{quote} . I myself am looking for longterm gold BUY... But for daily, it is up the daily situation