XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2843 | Metals Mine

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

  • #56,841
  • Jun 28, 2024 2:44am Jun 28, 2024 2:44am
Quoting Vincent1
{quote} Since it has been not able to make a new hign, looks like an Head and shoulders on the daily. With confirmation it may target around 2100
First attempt of H&S denied, but still possible. A Daily close under 2280 will target around 2100.
In case of rejected H&S and a Daily close above 2380, it will target 2500
  • #56,842
  • Jun 28, 2024 6:58am Jun 28, 2024 6:58am
not exactly clear except for the dollar which looks like they are selling. gold isn't clear to me, it is possible that they position long yesterday in prep for the news today. so maybe a drop and pop?

silver hit my price and looks a little toppy. did break out of the this wedge thingie. again maybe a drop and pop?

i think copper has or is in the process of making a bottom. if so should help silver.
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In tea leaves we trust!
  • #56,843
  • Jun 28, 2024 7:39am Jun 28, 2024 7:39am
short silver - pop and drop? maybe.

edit - copper not responded to the news.
In tea leaves we trust!
  • #56,844
  • Jun 28, 2024 7:56am Jun 28, 2024 7:56am
Quoting Mcbeaners
short silver - pop and drop? maybe. edit - copper not responded to the news.
closed my short - appears silver needs more time. meanwhile copper appears to be topping so move my attention there.

dollar did a drop and pop? so far looks like it. reckon it will break out shortly.
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In tea leaves we trust!
  • #56,845
  • Jun 30, 2024 2:27pm Jun 30, 2024 2:27pm
XAUUSD price action on the H4 time frame made a bullish retest of the 2326.28 horizontal resistance but met with bearish resistance. The technical impulse is bearish.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #56,846
  • Jun 30, 2024 6:03pm Jun 30, 2024 6:03pm
i reckon the metals are forming a bottom on the 4h chart. i'd be a buyer below the friday's lows.
In tea leaves we trust!
  • #56,847
  • Jul 1, 2024 6:23am Jul 1, 2024 6:23am
Quoting Mcbeaners
i reckon the metals are forming a bottom on the 4h chart. i'd be a buyer below the friday's lows.
well that worked ok but sold way too early. ho humm
In tea leaves we trust!
  • #56,848
  • Jul 2, 2024 2:17am Jul 2, 2024 2:17am
dollar breakout today... me thinks yes.
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  • #56,849
  • Jul 3, 2024 7:11am Jul 3, 2024 7:11am
Quoting Mcbeaners
dollar breakout today... me thinks yes. {image}
well clearly not that day or today probably. i do see dollar setup long forming, so we could see a dollar pop.

that might mean silver and copper retrace.
In tea leaves we trust!
  • #56,850
  • Jul 3, 2024 7:37am Jul 3, 2024 7:37am
Quoting Mcbeaners
{quote} well clearly not that day or today probably. i do see dollar setup long forming, so we could see a dollar pop. that might mean silver and copper retrace.
normal to push to stops but dollar is now a little too washed out. might bounce but unlikely.
In tea leaves we trust!
  • #56,851
  • Jul 3, 2024 7:41am Jul 3, 2024 7:41am
Quoting Mcbeaners
{quote} normal to push to stops but dollar is now a little too washed out. might bounce but unlikely.
unless you are going for these stops..... maybe.
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In tea leaves we trust!
  • #56,852
  • Jul 3, 2024 8:57am Jul 3, 2024 8:57am
Quoting Mcbeaners
{quote} closed my short - appears silver needs more time. meanwhile copper appears to be topping so move my attention there. dollar did a drop and pop? so far looks like it. reckon it will break out shortly. {image}
Me too. About the same time ...
  • #56,853
  • Jul 3, 2024 9:06am Jul 3, 2024 9:06am
Silver has been dragging Gold with it higher.

Tomorrow Independence Day here in U.S. so likely quiet this afternoon till Friday reopen.
  • #56,854
  • Jul 3, 2024 9:15am Jul 3, 2024 9:15am
amazing dollar move. but metals are starting to look exhausted here.

too early to short but maybe after the 4h candle closes.

fomoc this afternoon so would expect more moves today. or not?
In tea leaves we trust!
  • #56,855
  • Jul 3, 2024 9:48am Jul 3, 2024 9:48am
Index Futs close @ 115pm, should be dead thereafter.
  • #56,856
  • Jul 3, 2024 10:47am Jul 3, 2024 10:47am
Quoting SunTrader
Index Futs close @ 115pm, should be dead thereafter.
thanks
In tea leaves we trust!
  • #56,857
  • Jul 7, 2024 2:59pm Jul 7, 2024 2:59pm
XAUUSD price action on the daily time frame is retesting the 2355.75/2417.81 horizontal resistance zone (purple). Apparently, there is still appetite for further bullish drive

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #56,858
  • Jul 7, 2024 8:13pm Jul 7, 2024 8:13pm
can't say i understand what gold is doing on the daily & weekly. maybe going for a triple tap above trendline of the two previous highs.
In tea leaves we trust!
  • #56,859
  • Jul 9, 2024 11:10am Jul 9, 2024 11:10am
XAUUSD trying to hold support (closing basis) on Daily:-

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  • #56,860
  • Jul 10, 2024 7:44am Jul 10, 2024 7:44am
tried to short gold on decent setups but both failed. so i assume it is now trying to top last weeks high
In tea leaves we trust!
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