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

I entered a short on Gold at 1121.03 at around 12:00... but I felt asleep and did not close my trade at 1212... then when I woke up I had a really bad surprise!
But I did not take the loss and now I'm still in the trade. Is anybody thinking Gold will hit at least 1218.50 TP later on in the next hours?

it was
beautifu day to trading gold iven on 1 minut, red vertical line setups to trade

1227 seems like an important level, I do think we're going to rally to 1320 somehow, but it just seems like higher probability is to sell this current up move for another dip back down.

like XTrade said, time will tell

There is double bottom formation on H4.
Let's buy the gold

God, I love gold sometimes haha.

Does anyone here actually trade only Gold or Silver?

I only trade Gold, AUDUSD and GPBJPY, PA sucks on the rest imo lol

Not much of a pullback so far, 1267 on the cards?

Consolidation of Gold end at this level, 1234, so, believe that it will head south soon.

second target hit

Jeez, it's quiet in here this morning!

Depending on the term of your trade(scalp,intra-day),gold can be a good sell,but in the near term,i think 1215.00 will be a good place to buy with stop @ 1211.00 and TP @ 1244.00(hey,itz just my own plan,pls trade what you see)

Correction till 1277 on January 9th, then heading south to a new low.

I'm thinking to put a trade on both Sliver & Gold :

Long Sliver and Short gold at same time

The idea is , which is n't tested yet:

- If Sliver as a commodity expected to have support and buyers at -70% of all times high ( Around 16.5 $ ) , so is gold ( 600 $). So, in Theory Sliver is already ahead of gold towards that end. Which could mean market are under pricing Sliver and Over valuing Gold. Given that both commodities move in the same direction , hedging could be a great trade to capture this misprinting.

This should be some form of a long term trade , but i like the idea since you will be long and short at same time - just to find out the positional ratio and things should be fine.

Does anyone have any thoughts about the impact of Bens speech later today?
If he talks up the USD then can we expect gold to fall?

Looking for 1220 to get hit today. All depends on this H4 momentum.

I think it might just hit 1245 first...

Get out of this market, wait for a good entry to buy. Seems 1200 is the lowest price to many investors.

Get out, run you fools! Lol

I think your projection was spot on!

Sorry if this is out of point, i may expect this senario:
in D1 TF a clear symmetrical head (1433-1288) & shoulders (1347) formation which its age is 6 months is about to complete, we are in the last 2 weeks of it and may pick a bottom at 1145. If the economical conditions support bulls the target will be 1400 where the price will range about it for couple of years. otherwise a big downside move towards 800 and then ranging around the psychological 1000 until everyone hate himself.

next week will test 1245 and then towards 1145 as rock.