Disliked{quote} We managed to take profits on 2 short and 2 long positions on Gold in last couple of weeks. https://youtu.be/tEOmV3DoKR0Ignored
Inserted Video
Technical Analyst & Trader @ Vikinsa
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #54,462
- May 3, 2020 12:36pm May 3, 2020 12:36pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #54,463
- May 3, 2020 1:41pm May 3, 2020 1:41pm
Trade fearless not careless...
Syed Mohsin Ali Profit This Month:
-916
- #54,464
- May 3, 2020 3:02pm May 3, 2020 3:02pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my take on the XAUUSD, from the technical perspective of a swing trader. The XAUUSD market is still disposed positively even though it has continued to offer some bearish discount. Price action on the daily time frame is consolidating. The 1700.46/1684.01 zone (blue), seems to be the short-term operating range. How the market handles the area in the early part of this week should be watched.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #54,467
- May 6, 2020 12:41pm May 6, 2020 12:41pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
Both gold and silver selling off today since the European markets opened. 
Gold is at some strong recent support levels. It'll be interesting to see if it holds here. Fundamentals still strongly support holding gold, especially longer term. 
Gold is at some strong recent support levels. It'll be interesting to see if it holds here. Fundamentals still strongly support holding gold, especially longer term.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #54,468
- May 7, 2020 8:08am May 7, 2020 8:08am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #54,470
- May 7, 2020 12:14pm May 7, 2020 12:14pm
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H1 
- #54,471
- May 7, 2020 12:20pm May 7, 2020 12:20pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
#GOLD / H1 {image}
- #54,472
- May 8, 2020 4:29am May 8, 2020 4:29am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H1 
- #54,473
- May 8, 2020 1:34pm May 8, 2020 1:34pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
The next domino to fall in this Covid-crisis is the escalation of China tensions which would strongly support gold prices, if or when it escalates. Longer term however, I think there's been and will continue to be a shift in risk-adversity and gold should continue higher for some time to come.
Gold and Silver prices are still running together which is a good indication of the obvious, that we are in a risk trading environment. 
Gold and Silver prices are still running together which is a good indication of the obvious, that we are in a risk trading environment.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #54,474
- May 8, 2020 1:36pm May 8, 2020 1:36pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #54,475
- May 9, 2020 11:44am May 9, 2020 11:44am
- Joined Dec 2013 | Status: Trader | 1,508 Posts
Be humble or be humbled.
- #54,479
- May 12, 2020 4:24am May 12, 2020 4:24am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #54,480
- May 12, 2020 8:56pm May 12, 2020 8:56pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
Interesting how silver is outperforming gold for about the past week or so.
CME's GC/SI contracts overlay. Silver is the one in pink. 
Gold/Silver: 
CME's GC/SI contracts overlay. Silver is the one in pink.
Gold/Silver:
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%