XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1802 | Metals Mine

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

  • #36,021
  • May 11, 2016 6:24am May 11, 2016 6:24am
Quoting babaz7
{quote} your going short from here on gold, then why are you waiting for 1300? or you meant 1200?
I am going gold from here, i only held the short trade for a while.
  • #36,022
  • May 11, 2016 6:25am May 11, 2016 6:25am
Quoting uncletrumpet
{quote} I am going gold from here, i only held the short trade for a while.
we should see 1300 this week except the fundamental delays our flight up. watch how price bounced from 61.8 fib level
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  • #36,023
  • May 11, 2016 6:29am May 11, 2016 6:29am
Silver should go down a bit suddenly at 17.60 level the move would be sudden and fast. But the bull party must continue
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  • #36,024
  • May 11, 2016 6:30am May 11, 2016 6:30am
Quoting uncletrumpet
Silver should go down a bit suddenly at 17.60 level the move would be sudden and fast. But the bull party must continue {image}
that level is a head and shoulder set up, it is very visible on 4hour and also the daily
  • #36,025
  • May 11, 2016 6:55am May 11, 2016 6:55am
I have a long on Gold but my target is at 1280, so I will be closing it soon, I think.
  • #36,026
  • Edited 11:48am May 11, 2016 7:35am | Edited 11:48am
Quoting dianajs
I have a long on Gold but my target is at 1280, so I will be closing it soon, I think.
there are many buy stops even above there, the ranging market is over, we shall see 1300 possible this week. You may choose to close it at 1280 if you are a day trader or scalper, but hold that long trade for trades because the bearish correction is over and the bulls are in charge right now.
looking at it again, that 1280 level is the shoulder of a head and shoulder set up, we would only have a little pullback. Trade at your own risk
  • #36,027
  • May 11, 2016 7:40am May 11, 2016 7:40am
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  • #36,028
  • May 11, 2016 10:32am May 11, 2016 10:32am
I am sellilng the inside bar on the 4H chart in silver when it breaks to the downside ...
  • #36,029
  • May 11, 2016 1:01pm May 11, 2016 1:01pm
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2-nd entry = RSI -13 in extreme zone and higher 240 min IB ,PA cross 13 EMA
  • #36,030
  • May 11, 2016 1:02pm May 11, 2016 1:02pm
Quoting balance001
{image} 2-nd entry = RSI -13 in extreme zone and higher 240 min IB ,PA cross 13 EMA
Nice entry. Here same.

Lets see what happen.
  • #36,031
  • May 11, 2016 5:11pm May 11, 2016 5:11pm
Gold should now resume it's upward movement and gain speed towars 1300 to retest it. The weekly 200 EMA held just perfectly. 25 and 55 weekly EMA are geeting steeper towards upside. Only God, sorry, Lloyd Blankfein can now stop this baby from flying higher.
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  • #36,032
  • May 11, 2016 6:11pm May 11, 2016 6:11pm
Should likely.
  • #36,033
  • May 11, 2016 11:07pm May 11, 2016 11:07pm
not very likely: just look at 4H silver ... we are making lower tops one after the other ... this is a correction in a bull market and daily has to reach oversold.
  • #36,034
  • May 11, 2016 11:30pm May 11, 2016 11:30pm
Still waiting at 1254
row row row your boat
  • #36,035
  • May 12, 2016 2:50am May 12, 2016 2:50am
If Gold is going to 1300.00 how high will Silver go?
  • #36,036
  • May 12, 2016 3:11am May 12, 2016 3:11am
Quoting ngiler
Still waiting at 1254
1254 would never come the pull back is complete however buying here at 1272 is good there is an inverted head and shoulder on the 4 hour
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  • #36,037
  • May 12, 2016 3:53am May 12, 2016 3:53am
I just see lower tops ... not exactly a good sign ...
  • #36,038
  • May 12, 2016 4:37am May 12, 2016 4:37am
Quoting uncletrumpet
{quote} 1254 would never come the pull back is complete however buying here at 1272 is good there is an inverted head and shoulder on the 4 hour {image}
It might go to 1262.
  • #36,039
  • May 12, 2016 4:39am May 12, 2016 4:39am
pivot gone at 1270, going down
  • #36,040
  • May 12, 2016 5:35am May 12, 2016 5:35am
Quoting Fadhl
{quote} It might go to 1262.
even if it goes there, you need very long stop loss for a girl like GOLD, let your risk/reward ratio be at least 1/3
like 3000 pips stop loss versus 9000 pips or 2000 6000
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