XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1815 | Metals Mine

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

  • #36,281
  • May 18, 2016 2:29pm May 18, 2016 2:29pm
if you want to build up a longer-term net long exposure in metals you'd be better off doing so later in july.
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  • #36,282
  • May 18, 2016 2:34pm May 18, 2016 2:34pm
Quoting asgcorp
if you want to build up a longer-term net long exposure in metals you'd be better off doing so later in july. {image}
Yeah I know the stats! But gold got really owned the last few years so it didn't pay much attention to the seasonal charts. I don't know if those U.S equities can stand on this cliff until november comes. I guess anything is possible. I am ready whenever so no stress
  • #36,283
  • May 18, 2016 2:36pm May 18, 2016 2:36pm
Quoting Fadhl
{quote} Your TF is very high! I think the maximum that it will go down is 1246 based on my calculation.
you are right I've put in TP just for reference, I might exit soon in fact.

no point in chasing the market.
  • #36,284
  • May 18, 2016 2:38pm May 18, 2016 2:38pm
took chips off the table and off to bed. Good luck traders!
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  • #36,285
  • May 18, 2016 2:54pm May 18, 2016 2:54pm
gold won't move in a straightline fashion, but bias is short and trading strat is short into weak rallies next few sessions, projected scenario, see below.
My target on swing low is 1232-1234 once we reach target we can look for a reversal and enter longs, but that's not until later next week (at least).
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  • #36,287
  • May 19, 2016 3:41am May 19, 2016 3:41am
Quoting asgcorp
gold won't move in a straightline fashion, but bias is short and trading strat is short into weak rallies next few sessions, projected scenario, see below. My target on swing low is 1232-1234 once we reach target we can look for a reversal and enter longs, but that's not until later next week (at least). {image}
I agree, next target is likely around 1230. I have a short too, and if it breaks below 1250 I will open another one.
  • #36,288
  • May 19, 2016 7:41am May 19, 2016 7:41am
yeah nice moves on gold today, unfortunately for me I was away had to take care of some business outside trading. Oh well better luck next time, I think I won't be trading gold for now, until we reach the target @ 1232-1236.
  • #36,289
  • May 19, 2016 5:17pm May 19, 2016 5:17pm
Quoting asgcorp
gold won't move in a straightline fashion, but bias is short and trading strat is short into weak rallies next few sessions, projected scenario, see below. My target on swing low is 1232-1234 once we reach target we can look for a reversal and enter longs, but that's not until later next week (at least). {image}
Agree on this one. I am not a gold fan but I am expecting it to fall down from the latest level.
It's not a trade signal though , just a thought that I would like to share.
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G.
Man lie, woman lie, numbers don't
  • #36,290
  • May 19, 2016 5:42pm May 19, 2016 5:42pm
1258-1262 max gold can do today. then we will sell off to 1240.
  • #36,291
  • May 19, 2016 8:14pm May 19, 2016 8:14pm
Quoting MisterG
{quote} Agree on this one. I am not a gold fan but I am expecting it to fall down from the latest level. It's not a trade signal though , just a thought that I would like to share. {image} G.
​This level on the 1 hour chart looks like a good place to short. Formed a pin bar at that resistance level. Lets see how this goes.
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  • #36,292
  • May 20, 2016 5:29am May 20, 2016 5:29am
as i said couple 3 weeks ago
Quoting gold-analyst
if it manages to defend 1304 then big drop is certain. let seee {quote}
  • #36,293
  • May 20, 2016 6:14am May 20, 2016 6:14am
If 1257 holds maybe 1245 next
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,294
  • May 20, 2016 8:39am May 20, 2016 8:39am
Trading is about making money - not about being right. And a told you so.
  • #36,295
  • May 20, 2016 9:27am May 20, 2016 9:27am
Based on my analysis: Gold is down until early July; 1068 is the lowest. For today, it might go to 1245 and if further to 1232. GL!
  • #36,296
  • May 20, 2016 10:38am May 20, 2016 10:38am
Quoting asgcorp
1258-1262 max gold can do today. then we will sell off to 1240.
so far so good
  • #36,297
  • May 20, 2016 10:54am May 20, 2016 10:54am
gold downside got potential to extend further beyond 1230 up to 1215.
  • #36,298
  • May 20, 2016 10:58am May 20, 2016 10:58am
Quoting asgcorp
gold downside got potential to extend further beyond 1230 up to 1215.
  • #36,299
  • May 20, 2016 11:00am May 20, 2016 11:00am
Quoting asgcorp
gold downside got potential to extend further beyond 1230 up to 1215.
Either way it will continue falling for now. I have shorts for the moment. Whether or not I'll keep them open at $1,230 depends on what candlesticks it forms on that level.
  • #36,300
  • May 20, 2016 12:23pm May 20, 2016 12:23pm
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Looks more like we are going up to me but im not a pro.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
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