XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2831 | Metals Mine

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

  • #56,601
  • Apr 18, 2024 8:38am Apr 18, 2024 8:38am
i suppose silver is just making a rather large bull flag.

or is it bullshit flag. time will tell.
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In tea leaves we trust!
  • #56,602
  • Apr 18, 2024 2:31pm Apr 18, 2024 2:31pm
i'm beginning to doubt the data from from Oanda such the long position that appears to be have been built. I might progress a query with sierra charts. i don't trade silver that much and frankly could be wrong.

meanwhile i now of the option that a long wash-out is now required. silver hit value low at 28.80 ish and me thinks a run to value low 27.33 could be expected.

also the 50ma on the 4h chart has provided support and that has been breached. 4h candle close below is required.

let's see.
In tea leaves we trust!
  • #56,603
  • Apr 18, 2024 2:36pm Apr 18, 2024 2:36pm
Quoting Mcbeaners
i suppose silver is just making a rather large bull flag. or is it bullshit flag. time will tell. {image}
or is it bullshit flag. time will tell.
  • #56,604
  • Apr 18, 2024 2:38pm Apr 18, 2024 2:38pm
error on value low 27.51 ish not what i said above.
In tea leaves we trust!
  • #56,605
  • Apr 18, 2024 3:06pm Apr 18, 2024 3:06pm
they closed the candle right on the 4h 50ma, now will it close below in the next candle?

answers on a post card.
In tea leaves we trust!
  • #56,606
  • Apr 18, 2024 3:34pm Apr 18, 2024 3:34pm
Corrections take time is all that is going on. "They" notwithstanding.

Same thing with Gold.
  • #56,607
  • Apr 18, 2024 4:40pm Apr 18, 2024 4:40pm
Quoting SunTrader
Corrections take time is all that is going on. "They" notwithstanding. Same thing with Gold.
Its healthy for consolidation if that is what is taking place.

Silver desperately needs to hold above 28.40 or so close on Friday. Does not mean the next leg up is guaranteed just it shows the bulls are not dicking around.
  • #56,608
  • Apr 18, 2024 8:41pm Apr 18, 2024 8:41pm
knew the asian session would (edit could) come up with a reversal but this candle is crazy. i longed it. ready to close and reverse on a dime
In tea leaves we trust!
  • #56,609
  • Apr 18, 2024 8:44pm Apr 18, 2024 8:44pm
this will go to new highs. the order flow dragon has been released!
In tea leaves we trust!
  • #56,610
  • Apr 18, 2024 9:44pm Apr 18, 2024 9:44pm
lol - silver trading like da big boyz were caught with their pants down. it appears unexpected.

short now. target 28.40 ish.
-----
Israeli Missiles Strike Site in Iran: ABC News

Explosions heard in central Isfahan airport; reason for explosions unknown: Iran's Fars News Agency
In tea leaves we trust!
  • #56,611
  • Apr 18, 2024 9:53pm Apr 18, 2024 9:53pm
can anyone tell me how to draw support & resistant if i want to trade in 5 mins time line, and also in wch timeline i have to draw?
  • #56,612
  • Apr 18, 2024 10:19pm Apr 18, 2024 10:19pm
it appears to be fake news.

"Iranian official: "There's been no airstrike in Isfahan or other parts of the country. They only made a failed and humiliating attempt to fly quadcopters, and they were all shot down.""

something of a bear trap.

looking for 27.50 ish now.
In tea leaves we trust!
  • #56,613
  • Apr 18, 2024 10:22pm Apr 18, 2024 10:22pm
Quoting saisadhannew
can anyone tell me how to draw support & resistant if i want to trade in 5 mins time line, and also in wch timeline i have to draw?
i suggest you have a look for a training provider - i used https://fxsanalytics.com/ in the past.

I assume he is still operating.
In tea leaves we trust!
  • #56,614
  • Apr 19, 2024 7:55am Apr 19, 2024 7:55am
copper prints fresh highs and silver sleeps. should sell off now but doesn't. clearly silver is confused.

i like easy order flow to trade but silver isn't delivering. only a break out move will get me interested.

back to copper and gold much easier.
In tea leaves we trust!
  • #56,615
  • Apr 19, 2024 11:02am Apr 19, 2024 11:02am
i think we all can agree silver traders are watching my every move with interest. now i'm out it will be "allowed"to rise.

nice move but 28.80 is the bench mark it needs to get over.
In tea leaves we trust!
  • #56,616
  • Apr 21, 2024 2:57pm Apr 21, 2024 2:57pm
XAUUSD price action on the H4 time frame is consolidating within the 2355.70/2417.81 horizontal channel (purple) after a bullish drive to print another all-year high. What price action does in the zone after Monday’s close should be watched.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #56,617
  • Apr 21, 2024 7:24pm Apr 21, 2024 7:24pm
seeking longs in silver at around 28.455 ish.

same for gold too - 2384 ish

trading the asian open - so will sell sometime after china opens.
In tea leaves we trust!
  • #56,618
  • Apr 22, 2024 6:23am Apr 22, 2024 6:23am
Quoting Mcbeaners
{quote} alright i'll eat my hat if this doesn't go over 28.40. so looking ahead 28.51 and 28.885 are the value low areas. there are others but that is major "gates"to be passed. fingers crossed.
the above should have read 27.51 has value low for this month. bounce nicely off it. took a small position.

copper trades to new highs and gold doesn't drop as much.
In tea leaves we trust!
  • #56,619
  • Apr 22, 2024 6:35am Apr 22, 2024 6:35am
Only near term XAUUSD support I see is $2330. and $27.30 for XAGUSD
  • #56,620
  • Apr 22, 2024 7:46am Apr 22, 2024 7:46am
what metric are you using to determine that? just curious. I do see a nice ema setup at that price.

for me value low is 2315 for gold. that is concern for me. gold really needs to come down a ton. at least break support before i'll get long.

copper on the other hand incredibly bid.
In tea leaves we trust!
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