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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

H4

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Quoting Fadhl
Main direction of Gold is LONG. We got a retrace. Gold reached 50% Fib. Expect a little bounce then a continuous of the retrace up to 1860. Between 1860 and 1872, it's a cheap ticket to go long for MT. We have risk in play with Covid obliging EUROPE to lockdowns and US Election. GL! {image}
So far Gold behaved as expected; we got a small bounce and a LL is underway. Watching 1860 for possible reverse.
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Quoting fxhell
xauusd price toward to 1890 next level {image}
my scalping xauusd
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oh! we do have a thread focusing on gold

i trade gold only
Intraday trader
Quoting fxhell
xauusd price toward to 1890 next level {image}
if price break 1860 next level 1850
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Quoting fxhell
{quote} if price break 1860 next level 1850 {image}
Yup. I see $1850 as a strong support level. Dollar strength is weighing on gold. Longer term fundamentals still support gold prices but we could be due for a shorter term correction. Here's that $1850 support level:
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We must learn who is gold, and who is gold plated
Quoting EventsTrader
{quote} Yup. I see $1850 as a strong support level. Dollar strength is weighing on gold. Longer term fundamentals still support gold prices but we could be due for a shorter term correction. Here's that $1850 support level: {image}
if price today closed around 1870 tomorrow will be 1850
Quoting fxhell
{quote} if price today closed around 1870 tomorrow will be 1850
The question we should ask is, where do we see the price closing?

I don't know, I still think we might close flat/green.
I will tear the world apart for you.
Near term first target for bulls 1875.
I will tear the world apart for you.
next level xauusd
1860-1855-1850
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Quoting Barnell
Near term first target for bulls 1875.
Done. Let's see where we go from here
I will tear the world apart for you.
Bulls need to keep this above 1875.
I will tear the world apart for you.
Gold, Bulls took control.
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We err, and err, and err again, but less.
FPA analysis indicates that gold will be affected by the result of the US election ... but mostly on the down side.

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Quoting fxhell
next level xauusd 1860-1855-1850 {image}
selling 1889 next level 1880-1870
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Moving sl to entry point
80% take profit
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[quote=Fadhl;13236114]Main direction of Gold is LONG. We got a retrace. Gold reached 50% Fib. Expect a little bounce then a continuous of the retrace up to 1860. Between 1860 and 1872, it's a cheap ticket to go long for MT. We have risk in play with Covid obliging EUROPE to lockdowns and US Election. GL! {image}

Quoting Fadhl
{quote} So far Gold behaved as expected; we got a small bounce and a LL is underway. Watching 1860 for possible reverse. {image}
Forecast from now until US Election:
Gold, in my view ended its MT Retrace, and in ST we got a HH (in play up to 1894). During the election we should have a HL toward the last breakout 1873. From this point, Gold is going to move up for its MT wave (above 2073).
Buy Limit at 1873 is a very cheap ticket for the projected targets. GL Everyone!
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Next week we should see some significant volatility across all markets including gold.

On Nov 3rd we have the US election, which may end up dragging out unless a clear winner is announced.

Then, the FOMC meets on Nov 5th. While rates will remain the same keep your eye on the press conference and Powell's Q&A.

And no better way to end the week with NFP/Unemployment. I'd say for the foreseeable future that's where the focus will be while wage inflation takes a backseat.

Things are about to get interesting!
We must learn who is gold, and who is gold plated
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