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

XAUUSD price action on the daily time frame turned sideways after a bearish displacement from the 1958.630/1921.190 daily supply (blue). A rising trendline (magenta) was broken down on Thursday, but we may still see a northward market engineering for liquidity grab before a southward rotation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

My view

1863 to 1846

Looking more down

#GOLD / XAUUSD / Weekly, Daily, H4 & H1

#SILVER / H1

#GOLD / H1

XAUSD price action on the daily time frame turned sideways as it tackles the 1851.95/1820.870 horizontal support (green). The technical impulse favours bears more than bulls but we may still see further northward move before a southward continuation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

1863 to 1818
Still looking for my tg 1776
Let's see...I think until next week will see

XAUUSD price action on the daily time frame broke below the 1851.950/1820.870 horizontal support zone (green) on Friday. The area is part of a cluster of supports that include the 1788.130 area (blue). Should there be a bearish follow-through early this week, we may see the 1788.130 area (blue) exposed.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Our Gold Sell Setup

Today was a reversal day - open, traded down, but closed higher.

Curious to see what happens tomorrow - any follow-thru(?) - since $DXY also had a reversal up day as well but 10yr yield had reversal day down.

Well so far this morning Gold has follow-thru up, while $DXY is dropping - which is how it "usually" happens.

#GOLD / H4

goal achieved

XAUUSD price action on the daily time frame is making a bullish correction of a technically bearish structure. As the short-term technical impulse favours bulls more than bears, we may see further northward move, perhaps to an area of value, before a southward turnaround. I am short-term bullish XAUUSD but medium/long-term bearish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

With the last three weeks, US data printed very strong. FED increased rates by 0.5 for the next two meetings becomes almost a done deal. Hence, GOLD ST&MT Outlook is SELL.
With tomorrow's NFP, Gold may retrace up to 1840 which coincides with 38.2 fib retrace. This is good value area to sell for a nice swing down. GL!

XAUUSD price action on the daily time frame is making a bullish correction of a technically bearish trading range. As recent technical impulse is bullish, we may still see further northward move to an area of value, such as the 1902.820 area (blue), before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

#GOLD / H4

Now Gold I can see going possibly higher in current market conditions.