XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2839 | Metals Mine

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

  • #56,761
  • Jun 1, 2024 4:19pm Jun 1, 2024 4:19pm
Quoting GoldEmpire
{quote} How do you get order flow/cumulative delta ?
sierracharts and/or ninja trader. there are others but those are ones I know.
In tea leaves we trust!
  • #56,762
  • Jun 2, 2024 2:52pm Jun 2, 2024 2:52pm
XAUUSD price action on the daily time frame is presently sideways. However, recent technical patterns favour a southward liquidity sweep to a value area.

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
  • #56,763
  • Jun 3, 2024 5:05pm Jun 3, 2024 5:05pm
Quoting KeenPips
XAUUSD price action on the daily time frame is presently sideways. However, recent technical patterns favour a southward liquidity sweep to a value area. I may be wrong. Trade safe and prosper. KP {image}
I see Gold is going down. Silver not yet though, it did a little bit, but not enough ...
Ideas ?
  • #56,764
  • Jun 5, 2024 6:39am Jun 5, 2024 6:39am
looks like industrial metals are going to do well in 30mins. silver cooper
In tea leaves we trust!
  • #56,765
  • Jun 5, 2024 7:17am Jun 5, 2024 7:17am
Quoting Mcbeaners
looks like industrial metals are going to do well in 30mins. silver cooper
also reckon dxy will get back to 1.04 after today. as ever, we'll see.
In tea leaves we trust!
  • #56,766
  • Jun 5, 2024 11:36am Jun 5, 2024 11:36am
Quoting Mcbeaners
{quote} also reckon dxy will get back to 1.04 after today. as ever, we'll see.
right about the metals but not completely right about dxy - it reversed on the news.
In tea leaves we trust!
  • #56,767
  • Jun 5, 2024 8:47pm Jun 5, 2024 8:47pm
Quoting Mcbeaners
{quote} right about the metals but not completely right about dxy - it reversed on the news.
ok right about the dollar too just timing was off. :o)

i reckon the dollar will bottom here ish. and the summer of dollar love will start sooooon
In tea leaves we trust!
  • #56,768
  • Jun 6, 2024 12:13am Jun 6, 2024 12:13am
hello guys we will be selling GOLD today,
from 2372
stop Loss: 2385
target : 2355
remember Leverage is Poison.
you must be asking your self why sell,
because Before NFP if gold wants to move higher then it will drop today today maybe,tomorrow but we believe it will
we might be wrong but iam willing to take the small risk.
LOW LEVERAGE is the way if you want to survive in this market.
.
before NFP GOLD will must drop,
and we all know at least most traders know that NFP is Double Edge Sword,
it can be tricky,
gold even goto high 2440
or 2320
depends on the news results,
but if you look at the NFP chart,
it will be on our website soon,
anyways if you compare the charts you will see that last 24 months Most of the NFP surpirsef up sire,
but its not just NFP you need to worry about,
last time it was Unemployment Rate which took the dollar down,
anyways
point is out of past 23 months NFP surprised 13 times out if 23
i hope that helps
Don't compare your Trades with Others
  • #56,769
  • Jun 6, 2024 6:04am Jun 6, 2024 6:04am
me thinks at least today (right now it will go up). perhaps it will go down overnight (most likely).

good luck.
In tea leaves we trust!
  • #56,770
  • Jun 6, 2024 11:26am Jun 6, 2024 11:26am
Quoting DubaiFX
hello guys we will be selling GOLD today, from 2372 stop Loss: 2385 target : 2355 remember Leverage is Poison. you must be asking your self why sell, because Before NFP if gold wants to move higher then it will drop today today maybe,tomorrow but we believe it will we might be wrong but iam willing to take the small risk. LOW LEVERAGE is the way if you want to survive in this market. . before NFP GOLD will must drop, and we all know at least most traders know that NFP is Double Edge Sword, it can be tricky, gold even goto high 2440 or 2320 depends...
I don't see any clear, definable edge based on price action into or out of NFP day - see attached daily chart with NFP days in red boxes:-
Attached Image (click to enlarge)
Click to Enlarge Name: ! Gold NFP.png Size: 21 KB


Some of the time it reverses trend, other times it continues trend.
  • #56,771
  • Jun 6, 2024 11:50am Jun 6, 2024 11:50am
Quoting SunTrader
{quote} I don't see any clear, definable edge based on price action into or out of NFP day - see attached daily chart with NFP days in red boxes:- {image} Some of the time it reverses trend, other times it continues trend.
you were right we traded and closed at 2362 in the account i will not lie,
it when i got to share my trade it was at 2360
still profit is profit right?

it actually short term trade but it was good enough.
it actually came down till 2355,
but i closed earlier


hope that helps.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gold.png Size: 7 KB
Don't compare your Trades with Others
  • #56,772
  • Jun 6, 2024 12:33pm Jun 6, 2024 12:33pm
Quoting DubaiFX
{quote} you were right we traded and closed at 2362 in the account i will not lie, it when i got to share my trade it was at 2360 still profit is profit right? it actually short term trade but it was good enough. it actually came down till 2355, but i closed earlier hope that helps. {image} {image}
So what is the point of using low margin (I don't BTW) if you exit trade before either stop loss or profit target is hit?

Whatever works fine. But a plan is not a plan unless it is followed.
  • #56,773
  • Jun 7, 2024 7:04am Jun 7, 2024 7:04am
not expecting non-farm to positive for the metals. dollar positive imo.

es might top out. maybe.

edit - at least initially.
In tea leaves we trust!
  • #56,774
  • Jun 7, 2024 7:37am Jun 7, 2024 7:37am
Quoting Mcbeaners
not expecting non-farm to positive for the metals. dollar positive imo. es might top out. maybe. edit - at least initially.
"bingo" as they say.....
In tea leaves we trust!
  • #56,775
  • Jun 7, 2024 7:42am Jun 7, 2024 7:42am
This might have something to do with recent weakness as well:-

(BLOOMBERG)

China stops buying gold
China’s central bank didn’t buy any gold last month, ending a massive purchasing spree that ran for 18 months and helped push the precious metal to a recent record high. China had been stocking up reserves since November 2022, leading a flurry of purchases by the world’s central banks amid rising geopolitical tensions. The risk for gold bulls now is that China’s earlier appetite has left the metal vulnerable to any potential shift in demand.
  • #56,776
  • Jun 7, 2024 7:51am Jun 7, 2024 7:51am
historically cb buying hasn't had much influence but it does add the neg mix on the metals. normally gold is seen as a risk off asset, which itself is strange given it is seen as original safe haven product.

we see es dropping and we see all metals dropping (of the ones i watch). this is in keep with how i see gold trading.

summer of love for the dollar has started? maybe.
In tea leaves we trust!
  • #56,777
  • Jun 7, 2024 7:54am Jun 7, 2024 7:54am
daily chart - gold should break support today imo.
In tea leaves we trust!
  • #56,778
  • Jun 7, 2024 8:55am Jun 7, 2024 8:55am
Quoting Mcbeaners
historically cb buying hasn't had much influence but it does add the neg mix on the metals. normally gold is seen as a risk off asset, which itself is strange given it is seen as original safe haven product. we see es dropping and we see all metals dropping (of the ones i watch). this is in keep with how i see gold trading. summer of love for the dollar has started? maybe.
Don't know where you're getting that from?
  • #56,779
  • Jun 7, 2024 9:01am Jun 7, 2024 9:01am
Quoting SunTrader
{quote} Don't know where you're getting that from?
well neither do i. ;o)

it was written somewhere and i noted it. buying from cb's doesn't effect price - never has. maybe one could argue stop buying has an effect. but that is not my experience.
In tea leaves we trust!
  • #56,780
  • Jun 7, 2024 9:17am Jun 7, 2024 9:17am
Quoting Mcbeaners
{quote} well neither do i. ;o) it was written somewhere and i noted it. buying from cb's doesn't effect price - never has. maybe one could argue stop buying has an effect. but that is not my experience.
just to add to the above - russia and china both produce loads of gold which in turn is bought by their cb's. this gold will probably never hit the west.
In tea leaves we trust!
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