XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2726 | Metals Mine

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

  • #54,501
  • May 19, 2020 5:07pm May 19, 2020 5:07pm
Quoting tush1822
Hello Guys, here is what I think about the gold this & next week. Theme : Very Precise 1730.09 is a key. Technical: 1730.09 is a Thursday Close . Its a top edge of the consolidation which happening since nearly a month now. If tomorrow (Friday)closes above, it will be a clear signal of upward movement towards 1800. In addition , at CME for next week, most of the CALLs are sitting at 1730, 1780, 1800,1850 & PUTs are at 1670, 1700. Fundamentals: Its a kind of confusing since FOMC statement - no negative rates appreciated dollar today. However, all...
an update
Theme: Powell's testimony validated and retested the breakout of 1730.09
Fundamental: Seriousness of the economic situation was described by J Powell today. I dont think another vaccine trials news will cherish the market.
Some European countries have removed the cap on short selling> will now show some effect on major indices in this week.
Technically: the breakout at 1730.09 is being retested today> support the further bullish move.
Plus: at CME for this week most of the CALLs are saturated between 1750-1800 and PUTs at 1720-1770
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  • #54,502
  • May 19, 2020 11:13pm May 19, 2020 11:13pm
Quoting tush1822
{quote} an update Theme: Powell's testimony validated and retested the breakout of 1730.09 Fundamental: Seriousness of the economic situation was described by J Powell today. I dont think another vaccine trials news will cherish the market. Some European countries have removed the cap on short selling> will now show some effect on major indices in this week. Technically: the breakout at 1730.09 is being retested today> support the further bullish move. Plus: at CME for this week most of the CALLs are saturated between 1750-1800 and PUTs at 1720-1770...
Nice work. Gold does seem to be back on track again. The only thing that gives me pause is I'm bearish on equities. Equity weakness could temporarily put pressure on gold like it did in March. If that happens I intend on buying more.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #54,503
  • May 20, 2020 2:57am May 20, 2020 2:57am
Yup, nothing that Powell or anyone else said or did... did decrease the uncertainty so yeah, GOLD moving up, still... And I do not think we will see the end of the rise in the short(er) term because they are mentioning the "second wave" already... Not to mention other things around the world... Still betting on GOLD to go up... This time... would prefer to buy XAU/USD to XAU/EUR though At least for the next month(s).
Can you afford to take that chance?
  • #54,504
  • May 21, 2020 9:45am May 21, 2020 9:45am
Precious metals, copper, and just about every commodity is selling off right now. I have no idea what sparked this sell off.
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We must learn who is gold, and who is gold plated
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  • #54,505
  • May 21, 2020 10:44am May 21, 2020 10:44am
Bought at 1721! TL and 38.2 fib might support my entry. Otherwise next stop should be around 1707 (23.6 fib). Risk off is underplay between DT/China and today Russia. GL!
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  • #54,506
  • May 23, 2020 5:06am May 23, 2020 5:06am
#GOLD / H1
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  • #54,507
  • May 24, 2020 2:48am May 24, 2020 2:48am
Quoting Fx4Lving
As it was mentioned previously, if 1734 is broken, a door will get open for gold to reach 1792. You can see on the Abonacci calculator that 1792 is appointed as the target (#9) https://www.metalsmine.com/showthrea...3#post12917393 {image}
I change the target based on new calculation of Abonacci Levels. As you can see on the picture , Gold will travel to the north to reach 1818. The most important level is 1668 which if broken will lead the price to 1595. From different views resulted from Abonacci Calculator I am 90% sure that price will hit 1792 and then 1818.
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  • #54,508
  • May 24, 2020 10:22am May 24, 2020 10:22am
Next week's analysis from FPA.

Technically, gold looks bullish. Trading range stands too narrow for considerable time already, thus, chances of acceleration in any direction increased.

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  • #54,509
  • May 24, 2020 3:10pm May 24, 2020 3:10pm
Here's my take on XAUUSD from a technical perspective. Technicals and the order flow context on the H4 time frame favour bears. A Fibonacci test of the two recent downward swings on the H4 time frame, the 1765.00/1725.00 swing and the 1753.40/1716.50 swing, shows a rejection of key Fib levels. Presently, the 1753.40/1716.50 swing is at the 50 Fib retracement and we should watch how price action handles the area in the early part of this week. Technically, as there was a bullish print in the last 4H-session on Friday, we can expect a brief retest of the 61.8 Fib area, around 1740.00, before a southward continuation. But, at any rate, I will await what price action does in the early part of this week as the XAUUSD market operation presently offers good trading opportunities on either side.


I may be wrong. Trade safe and prosper.


KP

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Do your homework, follow the footprints of smart money
  • #54,510
  • May 26, 2020 2:55pm May 26, 2020 2:55pm
Even during the recent declines, silver continues to outperform gold. Here's gold (green/red) vs silver (pink)
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Gold/Silver ratio at about 100.
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We must learn who is gold, and who is gold plated
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  • #54,511
  • May 27, 2020 7:44am May 27, 2020 7:44am
#GOLD / Weekly, H4 & H1 / Bullish & Bearish Idea
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  • #54,512
  • May 27, 2020 9:21am May 27, 2020 9:21am
Since about an hour ago, Silver has been taking off. No trigger that I can identify.
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Precious metals in general are looking like they want to rally.
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We must learn who is gold, and who is gold plated
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  • #54,513
  • May 27, 2020 11:17am May 27, 2020 11:17am
Gold futures held above that $1700 handle again.
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We must learn who is gold, and who is gold plated
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  • #54,514
  • May 28, 2020 3:29am May 28, 2020 3:29am
#GOLD / H1
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  • #54,515
  • Edited 6:23am May 29, 2020 6:05am | Edited 6:23am
Hi All, here what I think about the Gold.

Theme: Hong Kong issue of passing of Security law is validating the support around 1700.
Fundamental: Today's Trump declaration may bring some radical surprises against China > Support Bullish Gold.
Technical: The PA has broken out from the flag at 1725, may retest the 20 EMA =1714 before it will go upto 1760.
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  • #54,516
  • May 29, 2020 8:21am May 29, 2020 8:21am
Gold has potential to test today 1737 (61.8 fib) and even 1749 (78.6 fib) if DT is so warmongering with China. Monthly and Weekly close should be around 1737.
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  • #54,517
  • May 29, 2020 8:46am May 29, 2020 8:46am
#GOLD / H1
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  • #54,518
  • May 29, 2020 12:38pm May 29, 2020 12:38pm
Trump is speaking in about 20 minutes on China. Logic is telling me it'll be gold-positive but I'm sensing we are seeing buy the rumor sell the news in today's gold rally.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,519
  • Jun 1, 2020 1:24am Jun 1, 2020 1:24am
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  • #54,520
  • Jun 1, 2020 3:12am Jun 1, 2020 3:12am
Quoting Drentaga
GOLD.. today DRT {image}
How get that indicator ?

I mean the shape like vertical bell curve?
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