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

  • #56,941
  • Aug 21, 2024 8:56am Aug 21, 2024 8:56am
my guess is ES is heading to at least a double top. and the dollar appears to be still being accumulated.

could we see a reversal closer to the contract changes at the end of the month. maybe.

i was short gold but closed too early. still bearish on the 1h and 4h.
In tea leaves we trust!
  • #56,942
  • Aug 21, 2024 2:11pm Aug 21, 2024 2:11pm
Dollar ........... is nears lows for the year.
  • #56,943
  • Aug 22, 2024 6:45am Aug 22, 2024 6:45am
and that means? not being accumulated?

the story will be how it comes off the floor.

silver futures appears now is being accumulated - might be due to auto battery news. might be worth a punt.
In tea leaves we trust!
  • #56,944
  • Aug 22, 2024 10:20am Aug 22, 2024 10:20am
silver - stopped out and now back in. bought the dec contract.
In tea leaves we trust!
  • #56,945
  • Aug 22, 2024 11:15am Aug 22, 2024 11:15am
Isn't everything being accumulated/distributed all the time? Markets wouldn't exist if they weren't.

If price is going down, down, down (or vice versa) that is what I watch and take note of.
  • #56,946
  • Aug 22, 2024 11:32am Aug 22, 2024 11:32am
not saying much there sun.

how do institutions build large positions? chasing price or buying dips?

the bigger the position the more sustained the dip buying imo.

anyways as mentioned how the dollar comes off the floor is what matters. otherwise it going to be an aberration.

my sierra charts isn't copping well with dxy today. not sure why.
In tea leaves we trust!
  • #56,947
  • Aug 22, 2024 3:10pm Aug 22, 2024 3:10pm
Quoting Mcbeaners
not saying much there sun. how do institutions build large positions? chasing price or buying dips? the bigger the position the more sustained the dip buying imo. anyways as mentioned how the dollar comes off the floor is what matters. otherwise it going to be an aberration. my sierra charts isn't copping well with dxy today. not sure why.
I'm not saying much lol?
  • #56,948
  • Aug 23, 2024 6:54am Aug 23, 2024 6:54am
yeah - burst your bubble didn't i. I do note that you never post a thought or any charts but you do like to criticise. safe safe.




silver hit the 1.68 fib and bounced hard. I did want it to hit 2.0 but wasn't on. so far looking like one big short squeeze.
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In tea leaves we trust!
  • #56,949
  • Aug 23, 2024 10:14am Aug 23, 2024 10:14am
some silver projections. could 30 be the end price today. maybe.
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In tea leaves we trust!
  • #56,950
  • Aug 23, 2024 1:48pm Aug 23, 2024 1:48pm
Quoting Mcbeaners
yeah - burst your bubble didn't i. I do note that you never post a thought or any charts but you do like to criticise. safe safe. silver hit the 1.68 fib and bounced hard. I did want it to hit 2.0 but wasn't on. so far looking like one big short squeeze. {image}
Yup, no thoughts, no charts. Only 918 images over the years. And too many effin times to count when I said bullish/bearish this or that. LOL zero times when I talked about accumulating, got me there.

So you trade like the institutional folks, buying when they buy, selling when they sell?

If not what point am I missing when you post such stuff?
  • #56,951
  • Aug 23, 2024 2:19pm Aug 23, 2024 2:19pm
No need to respond to my previous post. It seems you are not looking for two-way conversation. I'll refrain from quoting or responding to any future posts of yours - in this or any other topic.
  • #56,952
  • Aug 24, 2024 8:41am Aug 24, 2024 8:41am
Quoting SunTrader
{quote} Yup, no thoughts, no charts. Only 918 images over the years. And too many effin times to count when I said bullish/bearish this or that. LOL zero times when I talked about accumulating, got me there. So you trade like the institutional folks, buying when they buy, selling when they sell? If not what point am I missing when you post such stuff?

lol. ok I big enough admit you did post post a chart in july. I didn't look at your profile but that is exception over other other posts.

missing - nothing I guess, some might find it interesting. if you don't I'm ok with that.
In tea leaves we trust!
  • #56,953
  • Aug 24, 2024 8:42am Aug 24, 2024 8:42am
Quoting SunTrader
No need to respond to my previous post. It seems you are not looking for two-way conversation. I'll refrain from quoting or responding to any future posts of yours - in this or any other topic.
hmm, it's not me that isn't interested in a two way conversation....
In tea leaves we trust!
  • #56,954
  • Aug 25, 2024 2:27pm Aug 25, 2024 2:27pm
XAUUSD price action on the daily time frame is in a consolidating mode at the upper trendline of a rising wedge (blue). The technical impulse is bullish, and we may see a bullish break of the wedge in the early part of the week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #56,955
  • Aug 26, 2024 2:17am Aug 26, 2024 2:17am
looks like silver has broken out of this channel.
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In tea leaves we trust!
  • #56,956
  • Aug 26, 2024 2:25am Aug 26, 2024 2:25am
so maybe 30.35 is the near term target now.
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In tea leaves we trust!
  • #56,957
  • Aug 26, 2024 11:01am Aug 26, 2024 11:01am
Quoting Mcbeaners
so maybe 30.35 is the near term target now. {image}
hmm silver respected this trendline. gold is starting to look toppy.

i wonder if we are finally going to get a dollar reversal.
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In tea leaves we trust!
  • #56,958
  • Aug 27, 2024 1:28pm Aug 27, 2024 1:28pm
1h euro looks very bid, so more likely dollar down and gold/pm's up. at least in the short term.
In tea leaves we trust!
  • #56,959
  • Aug 27, 2024 5:32pm Aug 27, 2024 5:32pm
Quoting Mcbeaners
1h euro looks very bid, so more likely dollar down and gold/pm's up. at least in the short term.
gold failed to break to new highs and silver/copper didn't even make a run.

there is a now a top formation on gold - not complete but ready to go... tomorrow will be interesting.
In tea leaves we trust!
  • #56,960
  • Aug 29, 2024 9:11am Aug 29, 2024 9:11am
bear trap yesterday and overnight. since the news sellers are in control.

could go higher but should be near the end of this move.
In tea leaves we trust!
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