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

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

#54,721
Sep 27, 2020 3:48pm Sep 27, 2020 3:48pm

Hutch
Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts

Here is FPA analysis.

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#54,722
Sep 27, 2020 10:00pm Sep 27, 2020 10:00pm

Temujin
Joined Dec 2013 | Status: Trader | 1,508 Posts

Quoting KeenPips

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Here's a technical perspective on XAUUSD. The XAUUSD market has been bullish for quite a while but now seeing a decline. On the daily time frame, after the bearish continuation move on Wednesday last week, price action is presently sideways around the 1863.65 minor horizontal support area. Technicals still favour bears and a break below the 1863.65 area may see bears expose the significant 1818.30 horizontal support area. I may be wrong. Trade safe and prosper. KP {image}

Ignored

Up.

Be humble or be humbled.

#54,723
Sep 29, 2020 8:24am Sep 29, 2020 8:24am

Ayax.TSS
Joined Apr 2019 | Status: Trader | 3,132 Posts

#GOLD / H4 / Three Ideas

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#54,724
Sep 29, 2020 12:42pm Sep 29, 2020 12:42pm

EventsTrader
Joined May 2019 | Status: iTrade | 1,838 Posts

I still think the $1900 level has significance. Although the longer we stay above that level (CME futures), the more important (or stronger) that support becomes.

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We must learn who is gold, and who is gold plated

EventsTrader Live All Time Return: 54.4%

#54,725
Sep 30, 2020 4:49pm Sep 30, 2020 4:49pm

danasa
| Joined Jan 2018 | Status: Trader | 292 Posts

If already bought at spring, better lock position to break-even. The Demand coming in has faded a bit. Not the kind of Sign of Strength you can wish for. Gold could go any way. Expecting stronger demand to come in, else, anything can happen.

#54,726
Oct 1, 2020 1:42am Oct 1, 2020 1:42am

bilal123
| Joined May 2011 | Status: Trader | 7 Posts

where Gold will be heading now as its now hovering around 1900 can we expect 1800??

#54,727
Oct 2, 2020 5:50pm Oct 2, 2020 5:50pm

mykeboy
| Joined Aug 2020 | Status: Trader | 11 Posts

might be another impulse wave coming.... if im right with my counting....

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#54,728
Oct 3, 2020 10:46am Oct 3, 2020 10:46am

wealthpro
Joined Mar 2014 | Status: Trader | 683 Posts

Quoting Jeyaganesh.S

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{quote} Dear Brother, I know you're phoenix bird. I really appreciate the willingness to fight to achive your goal. Wish you all the best. Happy to see your winning and successful results Could you please share the indicators and trading system to trade gold? Thank you Kind Regards

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sorry i am not notice your request.please contact me

#54,729
Oct 4, 2020 7:13am Oct 4, 2020 7:13am

vikinsa
| Commercial User | Joined Oct 2019 | 888 Posts

n our last weekly analysis we saw that as DXY was expected to a take break GOLD ( XAUUSD ) was going too move up a bit. This happened exactly as we anticipated. This presented us with very good opportunities for both bullish and bearish trades. Long term Gold is expected to fall further but lets see what sort of opportunities we have on it for the next week.

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Technical Analyst & Trader @ Vikinsa

#54,730
Oct 4, 2020 2:58pm Oct 4, 2020 2:58pm

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

If you are tracking the XAUUSD this week, consider this technical perspective. The XAUUSD market is witnessing an increase in bearish pressure. On the daily time frame, technically, a rising trendline (red) traceable to March is still intact and recent price action is respecting it. However, a falling channel (blue) has emerged from the price action since August. Presently, price action is disposed northward within it and at the channel resistance trendline where an indecision candlestick was printed last week Friday. A significant bullish breakout of the channel on a daily closing basis, with a retest of channel resistance for a role flip, may lead to the restoration of the bullish market structure seen on the monthly time frame. But a significant bearish breakdown of the rising trendline (red) on a daily closing basis, with a retest of the trendline for a role flip, may lead to a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money

#54,731
Oct 4, 2020 3:30pm Oct 4, 2020 3:30pm

LouisSuguna
| Joined Sep 2017 | Status: Trader | 26 Posts

Down is the most likely scenario on Gold with the Dollar continuing it's revival.

I may be wrong, trust your analysis.

#54,732
Oct 4, 2020 3:52pm Oct 4, 2020 3:52pm

Hutch
Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts

Quoting vikinsa

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n our last weekly analysis we saw that as DXY was expected to a take break GOLD ( XAUUSD ) was going too move up a bit. This happened exactly as we anticipated. This presented us with very good opportunities for both bullish and bearish trades. Long term Gold is expected to fall further but lets see what sort of opportunities we have on it for the next week. https://www.youtube.com/watch?v=9UnVIaYSxG4

Ignored

Lets see if you are right according to the FPA.

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