XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2769 | Metals Mine

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

  • #55,361
  • Apr 28, 2021 2:52am Apr 28, 2021 2:52am
Quoting babayaga
Wolfe Wave pattern on 30M let's see if it comes to... {image}

well done baba.
  • #55,362
  • Apr 28, 2021 3:36am Apr 28, 2021 3:36am
let's see
how it will develop
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dolce vita
  • #55,363
  • Edited 4:06am Apr 28, 2021 3:54am | Edited 4:06am
Quoting babayaga
let's see how it will develop {image} {image}
when i look on the bigger picture since the double bottom on 1678
i start to count wave, although the fib no suit exactly like i wane with the expension and the retracement.
this is a clearly middle of 3th wave or end of 4th
with fomc.. 1800+ look sweet
  • #55,364
  • Apr 29, 2021 9:31am Apr 29, 2021 9:31am
Gold started to tank on bond yields rallying. It's an inverse relationship and gold (markets in general) are sensitive to moves in US bonds/yields. Here's a look at the CME GC futures contract. Heavy volume:
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US equities sold off at the open and haven't stopped. Selling started at the open about 30 mins after gold prices started dropping. Very heavy volume:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #55,365
  • May 6, 2021 8:36am May 6, 2021 8:36am
Gold CME futures (GC) breaking through the $1800 handle:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #55,366
  • May 6, 2021 1:04pm May 6, 2021 1:04pm
nice move from silver and gold today. looking like pendants forming. i'm seeing dollar shorts building across the board today. me thinks non-farm tomorrow will be bad for mr dollar.
In tea leaves we trust!
  • #55,367
  • May 7, 2021 7:36am May 7, 2021 7:36am
Quoting Mcbeaners
nice move from silver and gold today. looking like pendants forming. i'm seeing dollar shorts building across the board today. me thinks non-farm tomorrow will be bad for mr dollar.
bingo!
In tea leaves we trust!
  • #55,368
  • May 7, 2021 9:29am May 7, 2021 9:29am
Quoting Mcbeaners
nice move from silver and gold today. looking like pendants forming. i'm seeing dollar shorts building across the board today. me thinks non-farm tomorrow will be bad for mr dollar.
awesome!
  • #55,369
  • May 7, 2021 10:56am May 7, 2021 10:56am
Hi folks, as expected Gold smashed 1800, nearly reaching 1850.

Jobs report today hit the dollar badly. As the labour market recovery is decelerating, we can expect inflation to rise slower than expected (in-line with the Fed). This also means that there's little chance of monetary tapering anytime soon, which means the supply of dollars will continue to grow - reducing its price.

Gold has been boosted, thus, by two factors: a weaker dollar, and deflation expectations. Inflation looks like less of a case given the latest data. However, I think dollar weakness is more of a drive behind its rise.

On that note, daily bullish volume on gold is high - which could extend price toward an 1875s range by the end of May.

Cheers!
  • #55,370
  • May 10, 2021 7:22am May 10, 2021 7:22am
If it went down right through first trend line its gonna give us good pips
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  • #55,371
  • May 10, 2021 8:23am May 10, 2021 8:23am
WEEKLY CHART
SHORT GOLD FOR SEVERAL WEEKS TO COME.
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FIRST STOP $1771
  • #55,372
  • May 10, 2021 8:36am May 10, 2021 8:36am
Quoting Patoptions
WEEKLY CHART SHORT GOLD FOR SEVERAL WEEKS TO COME.{image}FIRST STOP $1771
what is your sl
  • #55,373
  • May 10, 2021 10:07am May 10, 2021 10:07am
longs were built on Friday, I was hoping to get back in during the asian session. more long building going on today(not as much though). I don't like getting long just before Tuesday's dollar fix. but maybe tomorrow will not be the normal pm smash. we'll see.

long order in gold gcm21 @ 1833 ish
In tea leaves we trust!
  • #55,374
  • May 11, 2021 8:00am May 11, 2021 8:00am
No news? Gold is tanking!
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #55,375
  • May 11, 2021 8:41am May 11, 2021 8:41am
Quoting EventsTrader
No news? Gold is tanking! {image}
Thanks Mate...At last some excitement in my day.
R
Ronnie Renko
  • #55,376
  • May 11, 2021 11:00am May 11, 2021 11:00am
If not news then maybe it's a tweet that caused this tanking
Patience and Discipline, these are the Holy Grail.
  • #55,377
  • May 12, 2021 4:04am May 12, 2021 4:04am
Quoting marcnathan88
If not news then maybe it's a tweet that caused this tanking
I think XAG/USD should recover its losses and at least regain at least the 27.500 handle. In fact, I am confident XAG/USD will end the day with a green candle, so I am banking on a huge reversal during the US session.
  • #55,378
  • May 12, 2021 1:56pm May 12, 2021 1:56pm
I think this week will be in that range.
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  • #55,379
  • May 14, 2021 12:11pm May 14, 2021 12:11pm
#GOLD / H4
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  • #55,380
  • May 15, 2021 9:27am May 15, 2021 9:27am
I think that as it has already reached the level of 100 of the monthly pivot point and is already on wave five, it should not go up much more this month and it will consolidate.
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