XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2838 | Metals Mine

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

  • #56,741
  • May 24, 2024 9:30am May 24, 2024 9:30am
some longer term thoughts.

gold - it has double topped (in essence). has broken longer term trendline support. reckon it will break recent lows and hit 2267 ish. then move on 2223 and maybe lower leading into the election.

meanwhile the dollar - it needs to rise against all currencies leading up to the election this in turn should help inflation and give opportunity to rate cut.

2+2=5?
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In tea leaves we trust!
  • #56,742
  • Edited May 25, 2024 2:02am May 24, 2024 3:31pm | Edited May 25, 2024 2:02am
Quoting Mcbeaners
rather large sell side order flow on dxy - suggests news in an hour will be dollar bearish. appears euro will benefit. meanwhile gold hit 2.0 fib over night and copper and silver held the line. so the above probably won't happen. reckon silver will hit 1.6 on the news and bounce. copper not sure. {image} {image} {image}
Any liquidity sweep above the max on Silver to be expected ?
  • #56,743
  • May 24, 2024 4:05pm May 24, 2024 4:05pm
Quoting AlxT
{quote} Any liquidity swap above the max on Silver to be expected ?
by liquidity swap do you mean leasing? can you provide more detail pls?
In tea leaves we trust!
  • #56,744
  • May 24, 2024 4:12pm May 24, 2024 4:12pm
Quoting Mcbeaners
rather large sell side order flow on dxy - suggests news in an hour will be dollar bearish. appears euro will benefit. meanwhile gold hit 2.0 fib over night and copper and silver held the line. so the above probably won't happen. reckon silver will hit 1.6 on the news and bounce. copper not sure. {image} {image} {image}
my dxy call is either wrong or delayed. we'll see next week.

gold and copper giving off sell signals. silver not really.
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In tea leaves we trust!
  • #56,745
  • May 24, 2024 4:34pm May 24, 2024 4:34pm
Quoting Mcbeaners
{quote} by liquidity swap do you mean leasing? can you provide more detail pls?
I mean, the price of Silver to go back a little above the max of last week and then to lower levels.
  • #56,746
  • May 24, 2024 6:22pm May 24, 2024 6:22pm
next move idea ?
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  • #56,747
  • May 24, 2024 9:40pm May 24, 2024 9:40pm
Quoting AlxT
{quote} I mean, the price of Silver to go back a little above the max of last week and then to lower levels.
not likely in my opinion. fib 2.0 is more probable.
In tea leaves we trust!
  • #56,748
  • May 24, 2024 10:05pm May 24, 2024 10:05pm
Quoting Mcbeaners
{quote} not likely in my opinion. fib 2.0 is more probable.
I think it might though ...let's see.
  • #56,749
  • May 26, 2024 2:58pm May 26, 2024 2:58pm
XAUUSD price action on the H4 time frame is presently sideway as it tackles the 2333.54 horizontal support area. However, as the technical impulse favours bears, we may see further southward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP
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Do your homework, follow the footprints of smart money
  • #56,750
  • May 27, 2024 6:45pm May 27, 2024 6:45pm
looks like the dollar is setting up to pop north.
In tea leaves we trust!
  • #56,751
  • May 28, 2024 9:34am May 28, 2024 9:34am
Quoting AlxT
{quote} I think it might though ...let's see.
did you take this trade?

i've been copper focused of late. this moves that just don't take out the prev highs are bear traps imo.

i noted that shanghai is running of silver stock. which means this move will continue near term.
In tea leaves we trust!
  • #56,752
  • May 30, 2024 8:03pm May 30, 2024 8:03pm
Quoting Mcbeaners
{quote} did you take this trade? i've been copper focused of late. this moves that just don't take out the prev highs are bear traps imo. i noted that shanghai is running of silver stock. which means this move will continue near term.
Yes.
  • #56,753
  • May 31, 2024 6:48am May 31, 2024 6:48am
looks like dollar will reverse on the core pce news in about 45m.
In tea leaves we trust!
  • #56,754
  • May 31, 2024 10:04am May 31, 2024 10:04am
Quoting Mcbeaners
looks like dollar will reverse on the core pce news in about 45m.
How did you know about reversal (+/- news)?
  • #56,755
  • May 31, 2024 10:43am May 31, 2024 10:43am
Quoting AlxT
{quote} How did you know about reversal (+/- news)?

order flow/cumulative delta - but price dropped before rallying. so a little imperfect

i was short copper. reckon it will probably move up now. we'll see.

keep an eye on usdcad - powerful long being setup on the daily. not finalised yet.
In tea leaves we trust!
  • #56,756
  • May 31, 2024 11:09am May 31, 2024 11:09am
Quoting Mcbeaners
{quote} order flow/cumulative delta - but price dropped before rallying. so a little imperfect i was short copper. reckon it will probably move up now. we'll see. keep an eye on usdcad - powerful long being setup on the daily. not finalised yet.
actually - dxy is giving the same setup. summer of love for the dollar? maybe?
In tea leaves we trust!
  • #56,757
  • May 31, 2024 2:09pm May 31, 2024 2:09pm
Quoting Mcbeaners
{quote} order flow/cumulative delta - but price dropped before rallying. so a little imperfect i was short copper. reckon it will probably move up now. we'll see. keep an eye on usdcad - powerful long being setup on the daily. not finalised yet.
How do you get order flow/cumulative delta ?
  • #56,758
  • May 31, 2024 5:03pm May 31, 2024 5:03pm
I told you already - check you mail.
In tea leaves we trust!
  • #56,759
  • Edited 8:05pm May 31, 2024 7:48pm | Edited 8:05pm
Quoting Mcbeaners
I told you already - check you mail.
Ah great, I did see this before. I thought you had the actual data (that I've been looking for, for a while now).
Alxt
  • #56,760
  • Jun 1, 2024 11:27am Jun 1, 2024 11:27am
Quoting Mcbeaners
{quote} order flow/cumulative delta - but price dropped before rallying. so a little imperfect i was short copper. reckon it will probably move up now. we'll see. keep an eye on usdcad - powerful long being setup on the daily. not finalised yet.
How do you get order flow/cumulative delta ?
It's all about Timing!!!
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