XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2849 | Metals Mine

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

  • #56,961
  • Aug 29, 2024 10:02am Aug 29, 2024 10:02am
Quoting Mcbeaners
bear trap yesterday and overnight. since the news sellers are in control. could go higher but should be near the end of this move.
disregard this - i was looking at cfd market.
In tea leaves we trust!
  • #56,962
  • Aug 29, 2024 12:32pm Aug 29, 2024 12:32pm
shorts getting roasted again today. ath coming.
In tea leaves we trust!
  • #56,963
  • Aug 30, 2024 8:21am Aug 30, 2024 8:21am
until this rising wedge is sorted i'm on the side lines. i'll happy short a new ath. otherwise confirmation will be required.
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In tea leaves we trust!
  • #56,964
  • Sep 1, 2024 2:10pm Sep 1, 2024 2:10pm
XAUUSD price action on the daily time frame is sideways at the upper part of a rising channel (blue) traceable to the weekly time frame. Recent price action has also produced a rising trendline (red), which may be a target of any bearish rotation.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #56,965
  • Sep 1, 2024 9:48pm Sep 1, 2024 9:48pm
my first instinct is the first move is a head fake. we'll see if this is breakdown or not just a fake out.
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In tea leaves we trust!
  • #56,966
  • Sep 5, 2024 11:22am Sep 5, 2024 11:22am
price - looks like a kiss goodbye today.
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In tea leaves we trust!
  • #56,967
  • Sep 5, 2024 2:25pm Sep 5, 2024 2:25pm
Any Fibonacci traders ,trading xau usd?
  • #56,968
  • Sep 5, 2024 3:20pm Sep 5, 2024 3:20pm
Inserted Video
  • #56,969
  • Sep 8, 2024 3:06pm Sep 8, 2024 3:06pm
XAUUSD price action on the daily time frame went sideways after a bullish breach of the rising channel (blue) within which it has been operating. But recent price action has formed a horizontal channel (magenta) spanning 2469.19/2526.08, and we may not see sustainable directional momentum until the channel is significantly breached on a daily closing basis.

I may be wrong. Trade safe and prosper.
KP

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Do your homework, follow the footprints of smart money
  • #56,970
  • Sep 9, 2024 4:16pm Sep 9, 2024 4:16pm
Quoting KeenPips
XAUUSD price action on the daily time frame went sideways after a bullish breach of the rising channel (blue) within which it has been operating. But recent price action has formed a horizontal channel (magenta) spanning 2469.19/2526.08, and we may not see sustainable directional momentum until the channel is significantly breached on a daily closing basis. I may be wrong. Trade safe and prosper. KP {image}

I may be wrong, Now what do we do?
  • #56,971
  • Sep 9, 2024 4:21pm Sep 9, 2024 4:21pm
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  • #56,972
  • Sep 12, 2024 7:45am Sep 12, 2024 7:45am
i could expect gold to break out here - might be a false break but break it should.

we'll see.
In tea leaves we trust!
  • #56,973
  • Sep 13, 2024 5:29am Sep 13, 2024 5:29am
Quoting Mcbeaners
i could expect gold to break out here - might be a false break but break it should. we'll see.
closed my position - 2600 is being held. still think it will go higher. 2650 maybe
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In tea leaves we trust!
  • #56,974
  • Sep 13, 2024 8:25am Sep 13, 2024 8:25am
Quoting Mcbeaners
{quote} closed my position - 2600 is being held. still think it will go higher. 2650 maybe {image}
clearly wrong about being held. shorts getting roasted no doubt.

will buy a dip if it comes.

(2600 - dec contract not spot)
In tea leaves we trust!
  • #56,975
  • Sep 13, 2024 10:08am Sep 13, 2024 10:08am
Market should start retracing soon yh?
  • #56,976
  • Sep 15, 2024 2:14pm Sep 15, 2024 2:14pm
XAUUSD price action on the daily time frame is bullish. Last Friday, price action printed a multi-year high at the 2585.90 area, but the bullish momentum is weakening. We cannot rule out a bearish correction before the end 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
  • #56,977
  • Sep 18, 2024 12:37pm Sep 18, 2024 12:37pm
doesn't look much will come from the fomc - maybe copper will pop

famous last words....
In tea leaves we trust!
  • #56,978
  • Sep 20, 2024 11:12am Sep 20, 2024 11:12am
2598.89 looks like a good long term Target

Short target 2618.78
  • #56,979
  • Sep 20, 2024 12:56pm Sep 20, 2024 12:56pm
Quoting Tuxedo
2598.89 looks like a good long term Target Short target 2618.78
if she can break through here 2620 and 2616 then I would be looking for 2604
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In tea leaves we trust!
  • #56,980
  • Sep 20, 2024 1:44pm Sep 20, 2024 1:44pm
Short target 2618.78 hit
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