XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2749 | Metals Mine

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

  • #54,961
  • Nov 30, 2020 11:36am Nov 30, 2020 11:36am
when 1787 was taken, 1800 was a good area to sell ..

** Correct me if im wrong
Making Ordinary To Be Extraordinary .
  • #54,962
  • Dec 1, 2020 7:10am Dec 1, 2020 7:10am
Quoting EventsTrader
Gold and silver are trading very highly correlated with gold slightly outperforming. The recent trends on rallies is for silver to outperform gold. I'd look for a move in silver as an indicator we could be heading back up. Longer term fundamentals still very strong for both. {image}
Yesterday, shortly after this post we saw silver start to outperform gold. A rally ensued. It seems to be a very consistent theme. Earlier in this session, gold has started to outperform silver. I'm not sure what that means for the rally but it seems important considering recent trends.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,963
  • Dec 1, 2020 7:25am Dec 1, 2020 7:25am
wish i'd kept my gold longs but silver has outperformed. still reckon we are looking for 24 and 1850 ish for this run.

both of these have been kicking my ass all the way down, and it time i kicked some ass. only saying.
In tea leaves we trust!
  • #54,964
  • Dec 1, 2020 7:48am Dec 1, 2020 7:48am
On Daily view, seems like we are going to make the main rertacement for the down leg

I think we can see some good opportunty to buy the corrections and targeting 1850 and 1920 areas, and to short just from there
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  • #54,965
  • Dec 1, 2020 8:11am Dec 1, 2020 8:11am
close my silver position - didn't get the best price. take a little short to catch the drop. won't be holding for long.
In tea leaves we trust!
  • #54,966
  • Dec 1, 2020 8:42am Dec 1, 2020 8:42am
closed reversed long. ES has been bought here. risk on.
In tea leaves we trust!
  • #54,967
  • Dec 1, 2020 9:10am Dec 1, 2020 9:10am
Quoting Vincent1
On Daily view, seems like we are going to make the main rertacement for the down leg I think we can see some good opportunty to buy the corrections and targeting 1850 and 1920 areas, and to short just from there {image}
Risky short on lower TF, target around 1785. That area looks good for long entry
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  • #54,968
  • Dec 1, 2020 9:22am Dec 1, 2020 9:22am
silver is a monster long here. if she gets down to 23,53 ish buy the hell out of it.
In tea leaves we trust!
  • #54,969
  • Dec 1, 2020 10:01am Dec 1, 2020 10:01am
now i'm looking for 23.90 ish for tp.
In tea leaves we trust!
  • #54,970
  • Dec 1, 2020 10:29am Dec 1, 2020 10:29am
that's feb contract prices - spot would be around 23.80 ish.
In tea leaves we trust!
  • #54,971
  • Dec 1, 2020 11:04am Dec 1, 2020 11:04am
took profits under 23.80 was watching something else. looks like i'm going to miss the next move. hmmm
In tea leaves we trust!
  • #54,972
  • Dec 1, 2020 9:44pm Dec 1, 2020 9:44pm
silver retracement was bought heavily.
In tea leaves we trust!
  • #54,973
  • Dec 1, 2020 11:53pm Dec 1, 2020 11:53pm
I think Gold's current intraday support is at 1808. Resistance seems to be 1813. Tight range, not sure which side we break out/down to. Yesterday saw a very strong 2% surge thanks to DXY plunging. A healthy pullback should see us settle at 1800/3, but DXY still looks like it wants to snooze so I'm not so sure about what happens. Bears target would be 1800/3 while bulls will target a break of 1818, a number that should be familiar to traders before we saw the huge plunging down below 1800.
  • #54,974
  • Dec 2, 2020 8:09am Dec 2, 2020 8:09am
Here is the latest FPA analysis:

Inserted Video
  • #54,975
  • Dec 2, 2020 8:31am Dec 2, 2020 8:31am
good structural longs being setup on gold and silver here. just putting it out there.

edit
gold 1818
silver 23.70

i posted this on the cable thread... so though i'd pump it here.
In tea leaves we trust!
  • #54,976
  • Dec 3, 2020 1:23am Dec 3, 2020 1:23am
Something to watch, Daily.

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  • #54,977
  • Dec 3, 2020 1:33am Dec 3, 2020 1:33am
M5 still strong up

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  • #54,978
  • Dec 3, 2020 7:10am Dec 3, 2020 7:10am
Trying something new:
Sell gold at 1838,08 without SL and TP.
  • #54,979
  • Dec 3, 2020 8:08am Dec 3, 2020 8:08am
https://uk.tradingview.com/chart/XAU...be-a-good-buy/

https://uk.tradingview.com/chart/XAU...-plan-Join-me/
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  • #54,980
  • Dec 3, 2020 8:53am Dec 3, 2020 8:53am
Quoting bigiivan
Trying something new: Sell gold at 1838,08 without SL and TP.
Out with profit.
1838,08- 1832,00= 6,08
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