XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1877 | Metals Mine

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

  • #37,521
  • Sep 16, 2016 1:08am Sep 16, 2016 1:08am
XAUUSD 2H Chart:
Building a Base?
Awaiting the Close.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 160916 2H [1].png Size: 60 KB
Wait, or you will be slaughtered!
  • #37,522
  • Sep 16, 2016 3:03am Sep 16, 2016 3:03am
Quoting Uturn2
{quote} Long at 1325.5 and hedged at 1320.5 Looking for longer term upside. Cheers, U2
OK. Same here, longer term upside.
  • #37,523
  • Sep 16, 2016 3:05am Sep 16, 2016 3:05am
long term upside, short term downside first imho ...
  • #37,524
  • Sep 16, 2016 7:06am Sep 16, 2016 7:06am
Its bulls time, buy 1313 tp 1330 sl 1300
  • #37,525
  • Sep 16, 2016 8:46am Sep 16, 2016 8:46am
Sorry for those buying as it drops but it is currently more like bull-oney.

And I say this a lot but Friday's (other than NFP's ones) don't move a whole hell of a lot - up or down.

For next week the key is the low from Sept 1st, if it holds up we go. If not woo boy.
  • #37,526
  • Edited 1:47pm Sep 16, 2016 1:25pm | Edited 1:47pm
Quoting SunTrader
Sorry for those buying as it drops but it is currently more like bull-oney. And I say this a lot but Friday's (other than NFP's ones) don't move a whole hell of a lot - up or down. For next week the key is the low from Sept 1st, if it holds up we go. If not woo boy.
agree.. nevertheless, trading is basically a trial & error procedure - i'm right or i'm out
so.. started to try building a long position today, aiming for final break of the monthly DTL (currently around 1352) and higher
let's see if the weekly UTL holds

safety SL 1282, will escape sooner though if it goes against me.
MarginTrader All Time Return: na
  • #37,527
  • Sep 16, 2016 2:14pm Sep 16, 2016 2:14pm
Quoting SunTrader
Sorry for those buying as it drops but it is currently more like bull-oney. And I say this a lot but Friday's (other than NFP's ones) don't move a whole hell of a lot - up or down. For next week the key is the low from Sept 1st, if it holds up we go. If not woo boy.
Agree ST!
XAUUSD 1H Chart:
Possible base forming?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 160916 1H [1].png Size: 55 KB
Wait, or you will be slaughtered!
  • #37,528
  • Sep 16, 2016 2:17pm Sep 16, 2016 2:17pm
Quoting Uturn2
{quote} Agree ST! XAUUSD 1H Chart: Possible base forming? Cheers, U2 {image}

I have that too on my view.. in other words, a wave 5 just ended!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #37,529
  • Sep 16, 2016 2:31pm Sep 16, 2016 2:31pm
Quoting baherhosni
{quote} I have that too on my view.. in other words, a wave 5 just ended!!
Looks good to go.
I'm Long.
Cheers, U2
Wait, or you will be slaughtered!
  • #37,530
  • Sep 16, 2016 3:05pm Sep 16, 2016 3:05pm
Quoting Uturn2
{quote} Looks good to go. I'm Long. Cheers, U2

Same here!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #37,531
  • Sep 16, 2016 6:40pm Sep 16, 2016 6:40pm
Ever heard bottom pickers get stinky fingers?

  • #37,532
  • Sep 16, 2016 9:00pm Sep 16, 2016 9:00pm
Oh my freakin gawd. A small gap up possibly over the weekend and then short the living crap out of silver. Its going to take a nose dive past support and thank me later. Unless of course it ... it you know doesn't.

Seriously, it looks like bulls are running out of stream and a dribble down to to 18.70, then break below it looks like to me. Gamblers place your bets. After a week of crap it will be interesting how it plays out.
  • #37,533
  • Sep 17, 2016 2:33am Sep 17, 2016 2:33am
Quoting baherhosni
{quote} Same here!
We definitely have a turn on the 1H.
Is it the turn is the question?

XAUUSD 1H Chart:
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 160917 1H [1].png Size: 55 KB
Wait, or you will be slaughtered!
  • #37,534
  • Sep 17, 2016 3:52am Sep 17, 2016 3:52am
This could be just a temporary retracement though.
  • #37,535
  • Sep 17, 2016 7:30am Sep 17, 2016 7:30am
Friday afternoon trading is typically low volume. For instance yesterday the last 4 hour bar closing at 500pm NYtime was 1/3 the volume the prior 4 hour bar. IMO not much validity for confirmation of any possible reversal if it was going up and then down or as in this case currently going down and then up.
  • #37,536
  • Sep 17, 2016 7:43am Sep 17, 2016 7:43am
Quoting Uturn2
{quote} We definitely have a turn on the 1H. Is it the turn is the question? XAUUSD 1H Chart: Cheers, U2 {image}
Quoting mlawson71
This could be just a temporary retracement though.
Quoting SunTrader
Friday afternoon trading is typically low volume. For instance yesterday the last 4 hour bar closing at 500pm NYtime was 1/3 the volume the prior 4 hour bar. IMO not much validity for confirmation of any possible reversal if it was going up and then down or as in this case currently going down and then up.
Ok.. This is my conservative view.. Please criticize!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 99 KB
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #37,537
  • Sep 17, 2016 7:57am Sep 17, 2016 7:57am
In case if you are interested...historically after options expiry Gold price goes up. Options expired in the last hours of yesterday (Friday) and I see gold has gained some pips towards the end. Also being at the strong support level I hope it will add more pips in next week.
  • #37,538
  • Sep 17, 2016 8:19am Sep 17, 2016 8:19am
who knows anything can happen in daytrading but according to my indicators the trend is still down for the next few days ...
daily made a kind of evening star with the trend down, not boding very well either ... but I think the end of the downtrend should be near, like in a day or five ...
  • #37,539
  • Sep 17, 2016 8:46am Sep 17, 2016 8:46am
Quoting cvds16
who knows anything can happen in daytrading but according to my indicators the trend is still down for the next few days ... daily made a kind of evening star with the trend down, not boding very well either ... but I think the end of the downtrend should be near, like in a day or five ...
Will see what happens with that down trend on Wednesday after FED Announcement. It might trigger down swing to 1170 where i see possible mid-term down trend bottom. Gold is been acting strange lately, after Brexit i mean.
  • #37,540
  • Sep 17, 2016 8:49am Sep 17, 2016 8:49am
to be more clear that evening star is on silver but they move hand in hand the precious metals ...
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