Hopefully not sideways all day, it is possible, if waiting some big news later in the evening.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #55,403
- Jun 16, 2021 5:48am Jun 16, 2021 5:48am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#SILVER / Weekly, Daily & H4 
- #55,404
- Jun 16, 2021 6:48am Jun 16, 2021 6:48am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
Say thank you to the Fed for pushing gold price up 
Inserted Video
- #55,405
- Jun 16, 2021 7:32am Jun 16, 2021 7:32am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
Here we go, risk off now.
- #55,406
- Jun 16, 2021 8:22am Jun 16, 2021 8:22am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
SL hit, second attempt.
- #55,408
- Jun 16, 2021 8:35am Jun 16, 2021 8:35am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
SL hit, third attempt.
- #55,410
- Jun 16, 2021 9:45am Jun 16, 2021 9:45am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / Weekly, Daily & H4 
- #55,411
- Jun 16, 2021 11:14am Jun 16, 2021 11:14am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
Yeah, just a waste of time today, waiting news, lots of wicks today in both direction M15. I am not trying to guess what that means.
London closed and new day tomorrow.
London closed and new day tomorrow.
- #55,412
- Jun 16, 2021 11:21am Jun 16, 2021 11:21am
- Joined Dec 2018 | Status: Trader | 1,810 Posts
Yeah, just a waste of time today, waiting news, lots of wicks today in both direction M15. I am not trying to guess what that means. London closed and new day tomorrow. {image}
- #55,413
- Jun 16, 2021 11:53am Jun 16, 2021 11:53am
- Joined May 2019 | Status: iTrade | 1,838 Posts
It probably means nothing ahead of FOMC, but silver is dropping, gold/silver ratio going up. Gold is holding steady but heavy selling coming into silver.
Silver (CME SI): 
Gold/Silver: 
Silver (CME SI):
Gold/Silver:
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
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- #55,414
- Jun 17, 2021 1:02am Jun 17, 2021 1:02am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
Decent move, most likely not so much happens today and tomorrow, XAUUSD H1.
- #55,415
- Jun 18, 2021 7:54am Jun 18, 2021 7:54am
- Joined Feb 2018 | Status: Digger1 Apprentice | 1,225 Posts
Same thing in gold at us nd london overlap sometimes i think we do i bother to trade all day should not i trade gold only at this time coz it is pretty predictable at this time... 
- #55,416
- Jun 20, 2021 3:03pm Jun 20, 2021 3:03pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my technical perspective on XAUUSD as a swing trader. The XAUUSD market is under increased bearish pressure. On the daily time frame, price action and order flow context presently favour bears. However, it is presently tackling a demand/support zone, the 1773.40/1761.60 area (sandybrown). Such an area is susceptible to sideways or bullish price action should bears lose market control. Nevertheless, we may still see some southward bearish surge for liquidity grab in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #55,417
- Jun 22, 2021 3:43am Jun 22, 2021 3:43am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #55,418
- Jun 22, 2021 6:24am Jun 22, 2021 6:24am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #55,419
- Jun 23, 2021 9:26am Jun 23, 2021 9:26am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Gold/Silver correlation has been tight recently. Here's a comparison of Gold vs Silver (CME) futures: 
I'm still looking at gold/silver ratio dropping as (possibly) a good indicator of strength in precious metals. It's been a theme for a while now. 
I'm still looking at gold/silver ratio dropping as (possibly) a good indicator of strength in precious metals. It's been a theme for a while now.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
