XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2847 | Metals Mine

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

  • #56,921
  • Aug 12, 2024 3:42am Aug 12, 2024 3:42am
first tp hit on gold buy position , am out of the trade for now not after second tp of 2450.00 again
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bakare
  • #56,922
  • Aug 12, 2024 6:59am Aug 12, 2024 6:59am
Quoting Mcbeaners
interesting setup on silver not that i like to trade it but others might find it interesting. i see long setups on 15m,1h and daily but not in copper or gold (well there is weak long in gold). orderflow in cfd is off the charts long but not in current or next contract. curious if anyone knows which market is bigger. i don't follow orderflow in cfd markets but it is a strange anomaly. worth a watch maybe.
so far so good but didn't catch it all. easy money target is 28.36ish. should wiggle about and decide direction.

edit 28.24 the above is current futures contract
In tea leaves we trust!
  • #56,923
  • Aug 12, 2024 8:04am Aug 12, 2024 8:04am
Quoting Mcbeaners
{quote} so far so good but didn't catch it all. easy money target is 28.36ish. should wiggle about and decide direction. edit 28.24 the above is current futures contract
looks like the metals are retracing to build some long structure. i will rebuy after breaking support trendline.
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In tea leaves we trust!
  • #56,924
  • Aug 12, 2024 8:25am Aug 12, 2024 8:25am
gold heading higher imo and silver and copper heading south - at least for the moment until the markets open. sellers are busy with ES, so might see a drop after open.

dollar looks good long.
In tea leaves we trust!
  • #56,925
  • Aug 12, 2024 8:57am Aug 12, 2024 8:57am
gold really strong here, is ES going to cave?

silver and copper pushing through sellers. hmm - edit nm sellers got this.
In tea leaves we trust!
  • #56,926
  • Aug 12, 2024 1:39pm Aug 12, 2024 1:39pm
Found this an interesting read. https://www.metalsmine.com/news/1298...expected-of-it
  • #56,927
  • Aug 12, 2024 2:50pm Aug 12, 2024 2:50pm
gold still looks strong - going to new highs on both futs and spot imo.

buy the dips.

not sure what will happen after aht's though.
In tea leaves we trust!
  • #56,928
  • Aug 13, 2024 8:27am Aug 13, 2024 8:27am
Quoting Mcbeaners
{quote} looks like the metals are retracing to build some long structure. i will rebuy after breaking support trendline. {image}
silver move didn't happen yesterday but has happened now. copper has the same setup.

chart price is delayed.
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In tea leaves we trust!
  • #56,929
  • Aug 15, 2024 6:59am Aug 15, 2024 6:59am
Quoting Mcbeaners
{quote} so far so good but didn't catch it all. easy money target is 28.36ish. should wiggle about and decide direction. edit 28.24 the above is current futures contract
this move should have happened a day or so ago. not sure if this is now just a retrace or not. should wiggle about now.
In tea leaves we trust!
  • #56,930
  • Aug 15, 2024 7:04am Aug 15, 2024 7:04am
Quoting Mcbeaners
gold heading higher imo and silver and copper heading south - at least for the moment until the markets open. sellers are busy with ES, so might see a drop after open. dollar looks good long.
the setup on the dollar is still on but hanging by a thread. still being cumulated according to orderflow. news in 30min probably will tell the tale or not.

and for gold - the same should hits highs now too.
In tea leaves we trust!
  • #56,931
  • Aug 15, 2024 8:56am Aug 15, 2024 8:56am
order flow on silver cfd is distorting again but not on futures. is the cfd market the main silver market now? confused.
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In tea leaves we trust!
  • #56,932
  • Aug 15, 2024 9:05am Aug 15, 2024 9:05am
time to buy gold for to target 197 pips up with reasonable stoploss
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bakare
  • #56,933
  • Aug 15, 2024 10:20am Aug 15, 2024 10:20am
this is time move my gold buy position stoploss to breakeven .
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bakare
  • #56,934
  • Aug 16, 2024 6:26am Aug 16, 2024 6:26am
i will never advise any one to buy gold for now, unless if the person can risk 423 pips stop loss to make 123pips tp.
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bakare
  • #56,935
  • Aug 16, 2024 6:27am Aug 16, 2024 6:27am
Reaching to resistance, this fail will bring a big drop in US session
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  • #56,936
  • Aug 16, 2024 6:51am Aug 16, 2024 6:51am
I never use some random anonymous internet poster trade info to make a trade decision, nor do I feel so self-important to tell others not to do the same with my trade info in making a trade decision.

I'm not Goldman Sachs concerned about a class action lawyer chasing after me lol.
  • #56,937
  • Aug 16, 2024 8:00am Aug 16, 2024 8:00am
gold also hit target of 197 pips since yesterday. am done for the week .
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bakare
  • #56,938
  • Aug 18, 2024 2:30pm Aug 18, 2024 2:30pm
XAUUSD price action on the daily time frame is in a bullish mode within a rising wedge (blue). The bullish print of broke above the 2469.78 horizontal resistance which had been in place since July 17. Technically, bulls are more favoured than bears, but we cannot rule a bearish correction before 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
  • #56,939
  • Aug 21, 2024 6:14am Aug 21, 2024 6:14am
(MORNINGBREW)

Prime number: Go for the gold
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KTS Design/Getty Images


The next time you see a gold bar and think, “That looks like it’s worth $1 million,” you will be correct, because the value of a gold bar hit $1 million for the first time last week. The price of the yellowish precious metal—which is not just a prop for pirate movies and is actually something banks and investors buy and sell—has climbed more than 20% this year as bullion fiends bet on a Fed interest rate cut. Rate cuts are generally good for gold, since it doesn’t bear interest, unlike bonds. The market is also heating up for the smaller, consumer-focused gold bars you can buy at stores like Costco, which are not worth $1 million but can still make you feel like a James Bond villain.
  • #56,940
  • Aug 21, 2024 7:43am Aug 21, 2024 7:43am
Here's another

(AXIOS)

3. An aureate milestone
By Felix Salmon

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Data: Yahoo Finance; Chart: Axios Visuals

For the first time in history, a standard 400 troy-ounce gold bar is worth more than $1 million.
Why it matters: The most recent bull market rally is a sign that investors are risk-on — but they're not looking for particularly risky risk.

  1. Gold has outperformed bitcoin over the past three months, for instance, and in turn, bitcoin has outperformed Ethereum.

The bottom line: Investors are rediscovering tried-and-tested risk assets, and gold is one of the primary beneficiaries.

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