XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2835 | Metals Mine

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

  • #56,681
  • May 1, 2024 2:35pm May 1, 2024 2:35pm
Quoting Mcbeaners
{quote} " increasing volume with price dropping = Bearish." this is how they accumulate - on drops on volume.
And you know this how?
  • #56,682
  • May 1, 2024 2:54pm May 1, 2024 2:54pm
Quoting SunTrader
{quote} And you know this how?
again order flow. is it conclusive? as much as we plebs are allowed to know. observed that trade happen that way numerous times.

i trade it. hence why silver was kicking my ass a few weeks ago.
In tea leaves we trust!
  • #56,683
  • May 1, 2024 2:56pm May 1, 2024 2:56pm
i wish i could say i sold the interium top but didn't. wish i did though.
In tea leaves we trust!
  • #56,684
  • May 1, 2024 3:04pm May 1, 2024 3:04pm
Inserted Video


Inserted Video


there are other vid's on this out that but this is what i use.

shouldn't considered a top tier indicator ...
In tea leaves we trust!
  • #56,685
  • May 1, 2024 4:36pm May 1, 2024 4:36pm
Quoting Mcbeaners
{quote} again order flow. is it conclusive? as much as we plebs are allowed to know. observed that trade happen that way numerous times. i trade it. hence why silver was kicking my ass a few weeks ago.
Don't take offense but seems more like you attributing what you are seeing without really knowing. Of course no one can have perfect information, at least not all the time in every situation.

Most traders (small AND big money traders) lose. I steer clear of "finding" stuff happening and just follow not predict price action.

If it is going up (or down) I don't look for reason why. Just go long (or short), if things line up correctly within my parameters.
  • #56,686
  • May 1, 2024 7:37pm May 1, 2024 7:37pm
Quoting SunTrader
{quote} Don't take offense but seems more like you attributing what you are seeing without really knowing. Of course no one can have perfect information, at least not all the time in every situation. Most traders (small AND big money traders) lose. I steer clear of "finding" stuff happening and just follow not predict price action. If it is going up (or down) I don't look for reason why. Just go long (or short), if things line up correctly within my parameters.
well kinda did say that Suntrader. not offended at all. to each his own.

regarding losing well anyone following me will see that.

all i can say is knowing or making a call on why something is going up means i will either stay in the trade or not and makes a hugh difference to me.
In tea leaves we trust!
  • #56,687
  • May 1, 2024 8:51pm May 1, 2024 8:51pm
Chart is showing sign for a long entry... But may still have to wait by another 8 hours to confirm.
"No trade is still a trade." - Peter Borish
  • #56,688
  • May 2, 2024 9:00am May 2, 2024 9:00am
gold tops are smooth like at 2232 and bottoms very ragged like now. is it a bottom? maybe.
In tea leaves we trust!
  • #56,689
  • May 3, 2024 10:51pm May 3, 2024 10:51pm
During the World movement Economical conditions directly affected on Gold prices, like some factor, if we want to grip at on XAU USD market, than we can understand these factor and focusly experience on these factors,

- Uncertainty and instability
- Economic struggles
- Investor demand
- Central bank actions
- Inflation concerns
- Supply and demand imbalance

These factors cause gold prices to rise or fall.
  • #56,690
  • May 5, 2024 1:54pm May 5, 2024 1:54pm
XAUUSD price action on the daily time frame turned sideways after a bearish breakdown of the 2355.75 horizontal support area. Presently, it is tackling the 2301.55 horizontal support area. Last Friday, price action printed an indecision candlestick in the area. I suspect that we may see a brief bullish pullback to an intra-day area of value before a further southward drive. But what price action does in the 2301.55 area in the early part of this week would be critical for medium-term directional trading.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #56,691
  • May 5, 2024 7:57pm May 5, 2024 7:57pm
bearish setup from 1st may but not actuating (same for silver). i see dollar retracement up to 104.5 ish could be expected before starting the next leg down.

not sure what gold and silver are doing - might be setting up reversal.
In tea leaves we trust!
  • #56,692
  • Edited 10:06am May 6, 2024 9:42am | Edited 10:06am
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Don’t focus on making $$$, focus on protecting what you have.
  • #56,693
  • May 7, 2024 5:38am May 7, 2024 5:38am
my guess - one more push up for gold and silver (up to? maybe 2328, 27.354) then down to 2270, 26.50

or it reverses here backup to the top.
In tea leaves we trust!
  • #56,694
  • May 9, 2024 8:54am May 9, 2024 8:54am
looks like silver is heading back to 28.80 ish. might retrace back to 27.20 first though. i'm long looking 28.00ish
In tea leaves we trust!
  • #56,695
  • May 9, 2024 9:12am May 9, 2024 9:12am
Quoting Mcbeaners
looks like silver is heading back to 28.80 ish. might retrace back to 27.20 first though. i'm long looking 28.00ish
28.40 would make my day.
In tea leaves we trust!
  • #56,696
  • May 9, 2024 9:18am May 9, 2024 9:18am
gold - 30min
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  • #56,697
  • May 9, 2024 9:22am May 9, 2024 9:22am
silver looks more bullish then gold and copper... strange times we live in.
In tea leaves we trust!
  • #56,698
  • May 12, 2024 2:34pm May 12, 2024 2:34pm
XAUSD price action on the daily time frame made a bullish retest of the 2355.75 horizontal resistance on Friday. There was a bearish breakdown of the area on April 22, 2024. Although the technical impulse favours bears more than bulls, we may still see further northward move before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #56,699
  • May 16, 2024 8:10am May 16, 2024 8:10am
silver has done rather well over the last 8 days or so. i see a long setup on 15m and 1h chart. trying on a punt here 29.48.

copper of course high ath's yesterday. could silver break out of the current range?
In tea leaves we trust!
  • #56,700
  • May 16, 2024 8:47am May 16, 2024 8:47am
Quoting Mcbeaners
silver has done rather well over the last 8 days or so. i see a long setup on 15m and 1h chart. trying on a punt here 29.48. copper of course high ath's yesterday. could silver break out of the current range?
too early but bought more. 29.39 ish reckon we need to close this 1h candle before moving up.
In tea leaves we trust!
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