XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1824 | Metals Mine

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

  • #36,461
  • Jun 1, 2016 6:10am Jun 1, 2016 6:10am
Quoting manosk
{quote} Interesting Jorgen thank you. I think it could go either way, actually a bounce to the upside seems equally plausible.
Agree. I didnt like the last green bar on H1. I will close if price goes near 1219.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,462
  • Jun 1, 2016 6:16am Jun 1, 2016 6:16am
Quoting jorgen.fx
{quote} Agree. I didnt like the last green bar on H1. I will close if price goes near 1219.
After I saw your message I checked my charts, and XAU held well on the downside. In my charts we could easily see a bounce to 1231.XX, which also coincides with the upper bound of your channel. I am just perplexed because XAG is so weak at the moment. It should be minimum at 16.10.
"Bulls make money, bears make money, pigs get slaughtered"
  • #36,463
  • Jun 1, 2016 6:29am Jun 1, 2016 6:29am
Quoting manosk
{quote} After I saw your message I checked my charts, and XAU held well on the downside. In my charts we could easily see a bounce to 1231.XX, which also coincides with the upper bound of your channel. I am just perplexed because XAG is so weak at the moment. It should be minimum at 16.10.
Thank you. Im watching 1218, seems to be some resistance there.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,464
  • Jun 1, 2016 11:11am Jun 1, 2016 11:11am
Gold is about to test $1,200 again. I shorted at $1,214 and I might short again if it breaks below the support.
  • #36,465
  • Jun 1, 2016 7:34pm Jun 1, 2016 7:34pm
Short on XAU/USD pair. Target = 1202 .....Let's see if I can get my target.


Note: I am not a pro trader.... so don't follow my calls..... but here is a chart.. for more experienced traders to give me some critique.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD H1 (06-02-2016 0827).png Size: 39 KB
Luck has no place in trading. Leave that for the poker table.
  • #36,466
  • Jun 1, 2016 7:37pm Jun 1, 2016 7:37pm
this has potential: I'd wait for the hourly to close though, so wait another 20 minutes
  • #36,467
  • Jun 1, 2016 8:02pm Jun 1, 2016 8:02pm
Quoting cvds16
this has potential: I'd wait for the hourly to close though, so wait another 20 minutes
Luck has no place in trading. Leave that for the poker table.
  • #36,468
  • Jun 1, 2016 8:04pm Jun 1, 2016 8:04pm
now i'd be looking for a nice 15M close, it's going your way allready but you want that confirmation
  • #36,469
  • Jun 1, 2016 8:15pm Jun 1, 2016 8:15pm
and short
  • #36,470
  • Jun 1, 2016 8:17pm Jun 1, 2016 8:17pm
Quoting cvds16
and short
Any idea why there was a sudden spike down and then up about 30 minutes ago-ish?
Luck has no place in trading. Leave that for the poker table.
  • #36,471
  • Jun 1, 2016 8:31pm Jun 1, 2016 8:31pm
you don't want to play the ultra short term moves: only hourly and 15M beyond that it's a mystery to me that helps me make money :-)
  • #36,472
  • Jun 1, 2016 8:32pm Jun 1, 2016 8:32pm
hourly eurusd is trying to turn, that might helps some
  • #36,473
  • Jun 1, 2016 9:00pm Jun 1, 2016 9:00pm
sorry misread that chart, should have sticked to the hourly at this time of day, long now
  • #36,474
  • Jun 1, 2016 9:36pm Jun 1, 2016 9:36pm
Where is that rally coming from?
Luck has no place in trading. Leave that for the poker table.
  • #36,475
  • Jun 1, 2016 9:36pm Jun 1, 2016 9:36pm
hourly engulfer
  • #36,476
  • Jun 1, 2016 9:37pm Jun 1, 2016 9:37pm
supported by strong euro, I am long
  • #36,477
  • Jun 1, 2016 9:47pm Jun 1, 2016 9:47pm
Quoting yg10
CME publishes daily open interest for metals in general http://www.cmegroup.com/market-data/...ls-volume.html Gold: http://www.cmegroup.com/trading/meta...html?optid=437 Silver: http://www.cmegroup.com/trading/meta...html?optid=458 BTW, falling open interest often means fading of the trend.
Thanks YG10!
  • #36,478
  • Jun 1, 2016 10:44pm Jun 1, 2016 10:44pm
M15 Retreating to 1213 then another leg up.
  • #36,479
  • Jun 1, 2016 10:44pm Jun 1, 2016 10:44pm
Quoting cvds16
supported by strong euro, I am long
Mind to know your entry?
  • #36,480
  • Jun 1, 2016 10:50pm Jun 1, 2016 10:50pm
hourly bullish engulfer #1213.90
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