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Only Trading Gold (XAU/USD) 18 replies

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Attachments: Trading gold and silver only
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Trading gold and silver only

  • Post #41
  • Quote
  • Edited at 1:59am Apr 14, 2022 1:43am | Edited at 1:59am
Quoting deukae
SL @zilch. [email protected], cos I'm cheap. Gotta stop having /nite open pos. But man, CT trading in a consol. is a pain in the butt.
I have a short at 25.764 and am targeting it as a swing trade to 25, although I suspect it could happen by this week (ie by tomorrow).

Reasons for this trade:
1. We have 5 straight green days of above around 0.50%, a pullback is due.
2. Three Inside Down Bearish formed on 15M.
3. DXY red, gold red. Silver to follow.
4. DXY should secure above 100 this week. It has been flirting above it for too long.
5. There was one big leg up on news that Putin called the whole talks bs and we know such rallies will fail back down.
You can reach me on Telegram @ KramerFx
Gold - 1960 could be good place to buy
Quoting Bizziebee
Gold - 1960 could be good place to buy
Good call, but 1960 was not reached; the low of the day was ~1960.74. Pity.

Quoting KramerFx
{quote} I have a short at 25.764 and am targeting it as a swing trade to 25, although I suspect it could happen by this week (ie by tomorrow). Reasons for this trade: 1. We have 5 straight green days of above around 0.50%, a pullback is due. 2. Three Inside Down Bearish formed on 15M. 3. DXY red, gold red. Silver to follow. 4. DXY should secure above 100 this week. It has been flirting above it for too long. 5. There was one big leg up on news that Putin called the whole talks bs and we know such rallies will fail back down.
Still holding, metals are closed for the day, but guidance can be seen via XXX/USD and Yen pairs. XXX/USD are down for the day thus far; with the closest guidance from AUD/USD being down 0.22% and EUR/USD 0.19% at current market price. Yen pairs are also rallying AUD/JPY and EUR/JPY coming in around up 0.35% at current market parice.

The low for Silver was $25.297 yesterday. I expect it to go even lower on Monday; quite possibly hitting my TP of $25.

For Gold, I am sure we will break 1960 as well.

My two cents. Happy Easter holidays everyone.
You can reach me on Telegram @ KramerFx
  • Post #44
  • Quote
  • Edited at 9:52am Apr 20, 2022 9:08am | Edited at 9:52am
Took the short route @bbma

Edit: XAU m5

Update: closed BE
  • Post #45
  • Quote
  • Edited at 10:30am Apr 20, 2022 10:03am | Edited at 10:30am
In lg XAG @bbma 5

Update: closed BE, bc took pos S&P, similar w/ better optics
XAG shrt @bbma
s/l --> b/e
Out of XAG @TP, +310
  • Post #49
  • Quote
  • Edited at 8:03am Apr 28, 2022 4:09am | Edited at 8:03am
XAU in shrt @res

Update/ closed -55

XAG took shrt bb+

Update: closed @b/e, WS seems intent on going up. Will look at shorting metals near the fix when $ may be bought

XAU took another stab @pvt

Update: s/l --> b/e
XAG l*ng
Closed, +80. Don't like US indies PA, might slump
  • Post #52
  • Quote
  • Edited at 12:23pm Apr 29, 2022 11:47am | Edited at 12:23pm
XAU gone l*ng

Update: closed BE, switched to GU
Quoting Pat494
{image} gold flat at the moment
Hi pat494 can you share template plz
There was a break below the 50% Fib retracement level of the upward move from the $1,780 low to $2,070 high. It even traded below $1,925 and the 50-day simple moving average.

An initial support on the downside is near the $1,872 level. The main support is near the $1,850 level and the 76.4% Fib retracement level of the upward move from the $1,780 low to $2,070 high. There is also a major bullish trend line forming with support near $1,830 on the daily chart of gold.

Any further losses may perhaps open the doors for a larger decline towards the $1,800 and $1,780 levels in the near term. On the upside, an initial resistance is near the $1,925 level.

The first major resistance is near the $1,935 level. A clear break above the $1,935 barrier might call for a move towards $2,000.
Attached Image (click to enlarge)
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My Silver Analysis.
Attached Image (click to enlarge)
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Silver looks bearish today with a next support level to target at 21.95 and then likely 21.7
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans
XAG/USD CHART:

6 hour chart has hit a demand flag and we've created a bullish engulfing candle along the way up. initial supply is at 22.222 & 22.370. which is the highs on the 6h chart but on lower time frame. If you look into it you can see it.

Attached Image (click to enlarge)
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My target would be this supply on 4h chart. I will also place some shorts at this level.

Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • Post #59
  • Quote
  • Last Post: Jun 8, 2022 12:10pm Jun 8, 2022 12:10pm
Quoting joe123
XAG/USD CHART: 6 hour chart has hit a demand flag and we've created a bullish engulfing candle along the way up. initial supply is at 22.222 & 22.370. which is the highs on the 6h chart but on lower time frame. If you look into it you can see it. {image} My target would be this supply on 4h chart. I will also place some shorts at this level. {image}
I too would wait for higher levels to sell from due to inflation data and FOMC meeting.
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans
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