XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1813 | Metals Mine

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

  • #36,241
  • May 18, 2016 2:00am May 18, 2016 2:00am
not going to touch this until next H4 opens up. it's a patience game now.
  • #36,242
  • May 18, 2016 2:04am May 18, 2016 2:04am
updated H1 chart with projected price action. this ain't going down in a straightline.
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  • #36,243
  • May 18, 2016 4:07am May 18, 2016 4:07am
trading intraday on gold got nothing to do with rate hike assumption.

selling pressure almost faded out in gold, but still waiting for a lower level before buying
  • #36,244
  • May 18, 2016 4:08am May 18, 2016 4:08am
95 is supply so dollar will sell off once we hit that level, it's also WR1
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  • #36,245
  • May 18, 2016 4:10am May 18, 2016 4:10am
Quoting asgcorp
95 is supply so dollar will sell off once we hit that level, it's also WR1 {image}
see if you posted Dollar stuff more then it would be helpful

just don't say it with so much arrogance. then we may get along
  • #36,246
  • May 18, 2016 4:14am May 18, 2016 4:14am
Quoting Don96
{quote} see if you posted Dollar stuff more then it would be helpful just don't say it with so much arrogance. then we may get along
hey I do post quite frequently on DXY. Last week of april posted that deal on DXY seasonality, and the dollar pretty much been up in a straightline fashion.
so it's all good.
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  • #36,247
  • May 18, 2016 5:42am May 18, 2016 5:42am
Quoting asgcorp
{quote} hey I do post quite frequently on DXY. Last week of april posted that deal on DXY seasonality, and the dollar pretty much been up in a straightline fashion. so it's all good. {image}
nice, thanks for that. So your view is that 95 is the cap, or that we need to touch 95 for the supply of USD to kick in?
"Bulls make money, bears make money, pigs get slaughtered"
  • #36,248
  • May 18, 2016 5:51am May 18, 2016 5:51am
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I think one or the other trendline here on my H4 chart will break today.

My wild guess would be down but Im currently long @ 1271 and keeping my eye on 1273. Close above it on H1 and I may be more confident for at least 1276 area. If not we would break lower.

I hope for a retest of 1300
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,249
  • May 18, 2016 5:51am May 18, 2016 5:51am
my gold crictical levels.

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  • #36,250
  • May 18, 2016 5:59am May 18, 2016 5:59am
very nice returns
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  • #36,251
  • May 18, 2016 6:00am May 18, 2016 6:00am
Quoting manosk
{quote} nice, thanks for that. So your view is that 95 is the cap, or that we need to touch 95 for the supply of USD to kick in?
time is up for DXY to do at least a retrace from current highs
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  • #36,252
  • May 18, 2016 6:01am May 18, 2016 6:01am
this don't mean that we jump all in long gold now ))) I'd wait for a lower level before entry.
  • #36,253
  • May 18, 2016 6:24am May 18, 2016 6:24am
Quoting asgcorp
this don't mean that we jump all in long gold now ))) I'd wait for a lower level before entry.
agreed agreed but USD has broad implications and this is interesting. I trade actively USD/RUB a classic petrocurrency but I have observed a shift lately on the drivers from oil to USD Index so understanding USD Index is critical for more or less all pairs and commodities, since they are quoted in USD.
"Bulls make money, bears make money, pigs get slaughtered"
  • #36,254
  • May 18, 2016 6:29am May 18, 2016 6:29am
Quoting asgcorp
this don't mean that we jump all in long gold now ))) I'd wait for a lower level before entry.
thank you asgcorp. and my lower tf comment is here. i tried yesterday pinbar based short. it didnt worked. i dont short because of this reason. if price break 1310, my short decision will die forever.

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  • #36,255
  • May 18, 2016 8:43am May 18, 2016 8:43am
Quoting asgcorp
now we either reverse soon or go down big time will be decided shortly. 1268-1272 key now.
missed the perfect entry long, got in @ 1274 and will hold for now.

TP is 1286
  • #36,256
  • May 18, 2016 8:58am May 18, 2016 8:58am
Quoting asgcorp
{quote} missed the perfect entry long, got in @ 1274 and will hold for now. TP is 1286
closed out. not a very good entry point.
  • #36,257
  • May 18, 2016 9:05am May 18, 2016 9:05am
somewhat surprising to see such weak performance in gold provided dollar is topped out almost / into resistance.

probably means that we are about to get dumped big time.
  • #36,258
  • May 18, 2016 9:24am May 18, 2016 9:24am
M30 lacks clarity, not really sure what do make of it. on the sidelines for now.
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  • #36,259
  • May 18, 2016 9:32am May 18, 2016 9:32am
It's a sell from here, but up to where is not clear, maybe 1260-59 or 1245-44 not sure
  • #36,260
  • May 18, 2016 9:40am May 18, 2016 9:40am
Quoting Dr.House
It's a sell from here, but up to where is not clear, maybe 1260-59 or 1245-44 not sure
yeah most likely you are right. however figuring out a decent R/R entry is a problem atm. selling break below 1266 is an option, but probably won't happen today.
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