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

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  • Post #54,781
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  • Oct 15, 2020 11:35am Oct 15, 2020 11:35am
  •  Fadhl
  • Joined Jan 2016 | Status: Member | 881 Posts
Here is my ST view on Gold.
Gold is struggling as market didn't decide yet on direction (short or long). There are plenty of reasons for this uncertainty: US Stimulus (short Gold) Vs Risk off (US Election and COVID 2nd wave) (long Gold).
The confirmation of each direction will come with a close below 1882 for shorts or a close above 1913 for longs.
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  • Post #54,782
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  • Oct 15, 2020 12:56pm Oct 15, 2020 12:56pm
  •  naihon4z
  • | Joined Oct 2020 | Status: Junior Member | 5 Posts
Bearish flag channel from my analsyis. Waiting to hit the trendline and sell at the top if it holds
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  • Post #54,783
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  • Oct 16, 2020 10:55am Oct 16, 2020 10:55am
  •  OwaisJam
  • Joined Feb 2018 | Status: Member | 252 Posts
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  • Post #54,784
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  • Oct 16, 2020 11:33am Oct 16, 2020 11:33am
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,108 Posts
H4

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  • Post #54,785
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  • Oct 16, 2020 12:48pm Oct 16, 2020 12:48pm
  •  Fadhl
  • Joined Jan 2016 | Status: Member | 881 Posts
Quoting Fadhl
Disliked
Here is my ST view on Gold. Gold is struggling as market didn't decide yet on direction (short or long). There are plenty of reasons for this uncertainty: US Stimulus (short Gold) Vs Risk off (US Election and COVID 2nd wave) (long Gold). The confirmation of each direction will come with a close below 1882 for shorts or a close above 1913 for longs. {image}
Ignored
Gold is still undecided. The blue box is where all the fights are happening between buyers and sellers. May be next week? Have a great weekend Everyone!
  • Post #54,786
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  • Oct 17, 2020 5:05am Oct 17, 2020 5:05am
  •  bilal123
  • | Joined May 2011 | Status: Member | 7 Posts
NEXT WEEK THE DECIDER FOR GOLD VERY CRITICAL I THINK IT CAN MAKE OR BREAK EITHER SIDE 50/50 % chance for going up and down.
  • Post #54,787
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  • Oct 17, 2020 3:30pm Oct 17, 2020 3:30pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 4,690 Posts
Quoting bilal123
Disliked
NEXT WEEK THE DECIDER FOR GOLD VERY CRITICAL I THINK IT CAN MAKE OR BREAK EITHER SIDE 50/50 % chance for going up and down.
Ignored
FED's stimulus and/or QE will be bad not only for gold but also for bitcoin.
  • Post #54,788
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  • Oct 17, 2020 7:58pm Oct 17, 2020 7:58pm
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,108 Posts
H1

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  • Post #54,789
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  • Oct 17, 2020 9:08pm Oct 17, 2020 9:08pm
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,108 Posts
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  • Post #54,790
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  • Oct 18, 2020 5:16pm Oct 18, 2020 5:16pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 4,690 Posts
From FPA "Fundamental factors do not suggest rally on gold market. Price action provides no interesting setup right now and it seems that trading from strong levels only provides relatively safe setups." No surprise here trading from strong levels is always best.

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  • Post #54,791
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  • Oct 19, 2020 5:52am Oct 19, 2020 5:52am
  •  phd893
  • Joined Aug 2014 | Status: Member | 139 Posts
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  • Post #54,792
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  • Oct 19, 2020 7:54am Oct 19, 2020 7:54am
  •  amasat
  • | Joined Apr 2008 | Status: Member | 353 Posts
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  • Post #54,793
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  • Oct 19, 2020 8:34am Oct 19, 2020 8:34am
  •  phd893
  • Joined Aug 2014 | Status: Member | 139 Posts
Quoting phd893
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{image}
Ignored
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  • Post #54,794
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  • Oct 19, 2020 3:13pm Oct 19, 2020 3:13pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,428 Posts
Over the last few trading sessions, silver has been under performing compared to gold. Recently, that's a sign of bearishness in precious metals.
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We must learn who is gold, and who is gold plated
  • Post #54,795
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  • Oct 19, 2020 3:41pm Oct 19, 2020 3:41pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 4,690 Posts
Quoting EventsTrader
Disliked
Over the last few trading sessions, silver has been under performing compared to gold. Recently, that's a sign of bearishness in precious metals. {image}
Ignored
Nice analysis but I hope that you are wrong because I'm more heavily invested in silver stocks than gold stocks.
  • Post #54,796
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  • Oct 19, 2020 7:33pm Oct 19, 2020 7:33pm
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,108 Posts
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  • Post #54,797
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  • Oct 20, 2020 4:29pm Oct 20, 2020 4:29pm
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,108 Posts
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  • Post #54,798
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  • Oct 21, 2020 5:02am Oct 21, 2020 5:02am
  •  Barnell
  • | Membership Revoked | Joined Oct 2020 | 1,823 Posts
1923 held, I think gold could be heading southwards from this point on...maybe a test of 1905 and 1903 first before any more northwards run? If 1903 don't hold, we might see 1899.

I think it is currently just ranging. No real direction, let's see where it goes from here. I will be bullish if it breaks 1923.
I will tear the world apart for you.
  • Post #54,799
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  • Oct 21, 2020 5:30am Oct 21, 2020 5:30am
  •  phd893
  • Joined Aug 2014 | Status: Member | 139 Posts
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  • Post #54,800
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  • Oct 21, 2020 6:08am Oct 21, 2020 6:08am
  •  OwaisJam
  • Joined Feb 2018 | Status: Member | 252 Posts
Unable to open metalsmine without vpn can somebody tell me why it is happening.
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