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

silver going toward 34 ....

XAUUSD price action on the daily time frame are consolidating just above the 2647.60/2685.43 horizontal resistance zone after its bullish breakup on Friday October 18. This represents a slowdown in bullish momentum, but we cannot rule out further northward move before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the daily time frame is experiencing a decline in bullish momentum. Last week Thursday, price action printed a relatively big bearish candlestick, which indicated a strong bearish challenge to the bullish drive that printed the multi-year high of 2789.87 on Wednesday. However, there was little bearish follow-up on Friday as price action was tackling the 2736.00 horizontal support. This led to the printing of an indecision candlestick on Friday.

I may be wrong. Trade safe and prosper.
KP

XAUUSD price action on the daily time frame went sideways on Friday at the upper part of the 2685.43/2647.60 horizontal support area (red) following a bullish pushback on Thursday of a bearish retest of the zone on Wednesday. The technical impulse favours bears more than bulls.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the daily time frame is bearish. But presently the price action went sideways as it tackles the 2562.72 intra-day horizontal support. Recent technical prints favour further bearish move, which may threaten the 2526.08/2482.63 horizontal support zone.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

The XAUUSD price action on the daily time frame is bullish. The technical impulse favours further northward move. But, much likely after a northward retest of an intra-day area of value, we will see a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

me think this is at play.... down first to build out the shorts and then up to roast them and finally ath and down thereafter.

just a thought.

in line with the above... maybe the dollar will assist gold like so...

The XAUUSD price action on the daily time frame is retesting the 2647.60 horizontal resistance area after its bearish breakdown on Monday. However, the bullish momentum is weak. We may still see southward market engineering to an intra-day area of value.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the daily time frame broke down the 2647.60 area on November 25 flipping it as resistance. There has been a feeble bullish attempt to break above the area but with no success. Presently, price action is sideways in the area but we may still see further southward market engineering to an intra-day area of value.

I may be wrong. Trade safe and prosper.

KP

TXAUUSD price action on the daily time frame is in a bearish mode. But, presently, it is tackling the 2647.60 horizontal support. Recent technical prints favour a southward market engineering.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the daily time frame broke down the 2647.60 horizontal support area on Wednesday after a period of sideways in the area. There was some bullish pullback on Thursday and Friday. Presently, price action is retesting the 2621.20 intra-day horizontal resistance. Although we may still see sideways of price action, or a brief northward move, in the early part of this week, a southward turnaround is in the offing.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the daily time frame is consolidating at the 2619.70 intra-day horizontal support. Recent technical patterns favour a southward liquidity engineering.


I may be wrong. Trade safe and prosper.

KP

XAUUSD price action on the daily time frame went sideways at the 2646.80 intra-day horizontal resistance on Friday. However, the immediate technical impulse favours bulls, and we may see a northward market operation to retest an intra-day area of value before a southward drive.

I may be wrong. Trade safe and prosper.

KP

XAUUSD price action on the daily time frame is in a bullish mode. Presently, price action is at the 2687.85 horizontal resistance, where there was a bearish challenge to bullish break of the area on Friday. Nevertheless, we may still see further northward market engineering to re-test an intra-day area of value.

I may be wrong. Trade safe and prosper.

KP