XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2046 | Metals Mine

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

  • #40,901
  • Apr 9, 2017 9:01am Apr 9, 2017 9:01am
Any takes on Gold? XAU/USD looks bearish, but with all the missiles flying around...it would be unbelievable if there is no movement into safe havens like gold.
  • #40,902
  • Apr 9, 2017 9:20am Apr 9, 2017 9:20am
Quoting XTrade
Hello All, I noticed there is no thread for XAU (Gold) XAG (Silver) "FX" metals in interactive trading. I thought it would be great to have a place to discuss these.Feel free to post about AU / AG crossed non USD as well. Metals are more and more volatile especially Gold, these days and offer a commodity departure while trading on an FX platform. More and more brokers are offering XAU/G. <will save as a relic. need space here things are changing. edit: not anymore - august 2013 + now there is no leverage. Futures are essentially cheaper for US citizens...
In Order to undetstand GOlD XAU/USD, you need to look into derivatives that drive its price. Gold fundemental analysis is related with 3 demension . 1) Production 2 ) Consumption 3) Gold reserves .
  • #40,903
  • Apr 9, 2017 12:21pm Apr 9, 2017 12:21pm
Quoting Visionary
{quote} 1256.xx might* get a chance, but the door is gradually being opening for 1306.xx
Good day to everyone and hope you are having a great weekend. A quick update before we start the week. We currently have a Short Term flip being Bearish, against 1256.xx and Mid Term still Bullish against 1205.xx flip with upward climb for the coming days and Long Term against 1224.xx which will be flat for the coming days.

Friday we had fix break above 1263.xx with money being left on the table at 1266.xx, Wednesday will be the end of the first Bank Settlement week period for the Second quarterly, 1231.xx has money on the table so last chance for 1231.xx to collect with Long Term going to be flat in coming days. I will cover my 1246.xx long on the start of the open and leave my next buy order on to be fill. Will track after Tuesday fix and see where we at.

Short Term Bearish
Mid Term Bullish
Long Term Bullish

A great week to everyone and all the best. Hope less people have less grey hair this week.
  • #40,904
  • Apr 9, 2017 2:41pm Apr 9, 2017 2:41pm
Down we go!?
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  • #40,905
  • Apr 9, 2017 3:09pm Apr 9, 2017 3:09pm
Bullish above 1240x....
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -619
  • #40,906
  • Apr 9, 2017 8:53pm Apr 9, 2017 8:53pm
Quoting Visionary
{quote} Good day to everyone and hope you are having a great weekend. A quick update before we start the week. We currently have a Short Term flip being Bearish, against 1256.xx and Mid Term still Bullish against 1205.xx flip with upward climb for the coming days and Long Term against 1224.xx which will be flat for the coming days. Friday we had fix break above 1263.xx with money being left on the table at 1266.xx, Wednesday will be the end of the first Bank Settlement week period for the Second quarterly, 1231.xx has money on the table so last...
For the record i am covering my Long Term buy with a stop+1 at 1247.xx

Hopefully i get a better entry. Still hoping for 1231.xx money on the table to be payed.
  • #40,907
  • Apr 9, 2017 11:01pm Apr 9, 2017 11:01pm
Quoting Umbeluzi
{quote} Just for reference, 1260-1250 range has been a pivotal area for more than a year. From a short to mid-term perspective, some nice moves. {image}
Hi Umbeluzi

What the indie you are using and settings?

Cheers, and thanks for sharing
  • #40,908
  • Apr 9, 2017 11:41pm Apr 9, 2017 11:41pm
Quoting ajacid
{quote} Hi Umbeluzi What the indie you are using and settings? Cheers, and thanks for sharing
lol, is that a joke?!

looks like 2 horizontal lines, bunch of arrows etc & a volume to me
Markets wispers, just tune in.
  • #40,909
  • Apr 9, 2017 11:50pm Apr 9, 2017 11:50pm
Quoting plukin
{quote} lol, is that a joke?! looks like 2 horizontal lines, bunch of arrows etc & a volume to me
Sorry if its too simple for you
  • #40,910
  • Apr 10, 2017 2:01am Apr 10, 2017 2:01am
below 1259>1249.4=>1244
if you my trade,My-post analysis, subscribed to ME
  • #40,911
  • Apr 10, 2017 4:11am Apr 10, 2017 4:11am
Gold is bearish because The daily chart shows a pin bar and strong resistance zone
  • #40,912
  • Apr 10, 2017 5:29am Apr 10, 2017 5:29am
Quoting ajacid
{quote} Hi Umbeluzi What the indie you are using and settings? Cheers, and thanks for sharing
Hi, Ajacid, thank you for your question,

The bulk part of the trading decisions are based in price action, with the help of supports/resistances, fibos, patterns, market profile, sentiment.
I don't use a lot the indicators. From among these ones, only MA for small time frames (H1, H4) with Fibo values of 55, 89 and 144 (for trends, reversals to the mean), occasionally the Stochastic only as an alert and flagging divergences (never as a decision factor).

As you can see, there are no great secrets!

Cheers,
  • #40,913
  • Apr 10, 2017 5:51am Apr 10, 2017 5:51am
Quoting Umbeluzi
{quote} Hi, Ajacid, thank you for your question, The bulk part of the trading decisions are based in price action, with the help of supports/resistances, fibos, patterns, market profile, sentiment. I don't use a lot the indicators. From among these ones, only MA for small time frames (H1, H4) with Fibo values of 55, 89 and 144 (for trends, reversals to the mean), occasionally the Stochastic only as an alert and flagging divergences (never as a decision factor). As you can see, there are no great secrets! Cheers,

Cheers!..I meant the volume? indie on the last chart you posted
  • #40,914
  • Apr 10, 2017 6:27am Apr 10, 2017 6:27am
OOPS! :-)
  • #40,915
  • Apr 10, 2017 7:12am Apr 10, 2017 7:12am
Quoting mehdislaoui
Gold is bearish because The daily chart shows a pin bar and strong resistance zone
Yes, Short Term is Bearish at the moment a day or PM Fix close below 1256.xx will begin to open doors below.
  • #40,916
  • Apr 10, 2017 7:27am Apr 10, 2017 7:27am
Quoting mehdislaoui
Gold is bearish because The daily chart shows a pin bar and strong resistance zone
I agree, Gold will likely drop towards $1,230 soon, I already have a short position.
  • #40,917
  • Apr 10, 2017 7:52am Apr 10, 2017 7:52am
Quoting james1254
{quote} I agree, Gold will likely drop towards $1,230 soon, I already have a short position.
Waiting to see if i can get in after the fix cover. against 1257.xx risk
  • #40,918
  • Apr 10, 2017 7:56am Apr 10, 2017 7:56am
Quoting ajacid
{quote} Cheers!..I meant the volume? indie on the last chart you posted
Sorry, my mistake, it is TickVolume.

Cheers,
  • #40,919
  • Apr 10, 2017 7:56am Apr 10, 2017 7:56am
Quoting Visionary
{quote} For the record i am covering my Long Term buy with a stop+1 at 1247.xx Hopefully i get a better entry. Still hoping for 1231.xx money on the table to be payed.
Stop out.
  • #40,920
  • Apr 10, 2017 8:05am Apr 10, 2017 8:05am
Quoting Visionary
{quote} Waiting to see if i can get in after the fix cover. against 1257.xx risk
Short 1250.xx against 1255.xx target 1240.xx for now 2:1
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