XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2073 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #41,441
  • May 8, 2017 5:49am May 8, 2017 5:49am
Quoting Uturn2
XAUUSD 6H Chart: Possible Basing Pattern forming [Trend Reversal]? Cheers, U2 {image}
XAUUSD 6H Chart [updated]:
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170508 6H [2].png Size: 80 KB
Wait, or you will be slaughtered!
  • #41,442
  • May 8, 2017 6:06am May 8, 2017 6:06am
Quoting Uturn2
{quote} XAUUSD 6H Chart [updated]: Cheers, U2 {image}
well same here... but have cut down my bigger positions, only longer term small positions are on the way...
will wait to open big order until trend reversal confirmation...
i got loss in previous week... cos i was bullish since last Monday....
Gold market is behaving same as it went high first and then down from Monday. Today it did the same first it went down and now it going up...
Let's see what happens... is it doing the same or moving style will be changed from this week...
i hope for same... it can close above this week...
  • #41,443
  • May 8, 2017 6:17am May 8, 2017 6:17am
Quoting Daaimali1512
{quote} well same here... but have cut down my bigger positions, only longer term small positions are on the way... will wait to open big order until trend reversal confirmation... i got loss in previous week... cos i was bullish since last Monday.... Gold market is behaving same as it went high first and then down from Monday. Today it did the same first it went down and now it going up... Let's see what happens... is it doing the same or moving style will be changed from this week... i hope for same... it can close above this week...
Hi D,
Agree. I'm waiting for confirmation of Trend Reversal.
[Refer pm later]
I have counted the Down Trend as an abc correction
in an Uptrend [MLY].
Cheers, U2
Wait, or you will be slaughtered!
  • #41,444
  • Edited 4:15pm May 8, 2017 9:46am | Edited 4:15pm
m30
Long==>Over===>1237==>1241
below==>1225.xx=>1221.xx=>1216.xx
Attached Image (click to enlarge)
Click to Enlarge Name: m30.png Size: 26 KB
if you my trade,My-post analysis, subscribed to ME
  • #41,445
  • May 8, 2017 10:43am May 8, 2017 10:43am
Quoting RondaRousey
{quote} It does not reverse by itself. An event or some news needs to happen for it to go back up again. Money was made last week leading up to the French election.
What do you think about oversold and overbought levels???
it's now oversold...
Oscilators are oversold too...

Take care if you are selling gold...

There are lots of signs of trend reversals...
  • #41,446
  • May 8, 2017 11:37am May 8, 2017 11:37am
Quoting Daaimali1512
{quote} What do you think about oversold and overbought levels??? it's now oversold... Oscilators are oversold too... Take care if you are selling gold... There are lots of signs of trend reversals...
Can you tell me the trend for reversal upside - you have been bullish since last week!!!
  • #41,447
  • May 8, 2017 11:43am May 8, 2017 11:43am
Quoting Daaimali1512
{quote} What do you think about oversold and overbought levels??? it's now oversold... Oscilators are oversold too... Take care if you are selling gold... There are lots of signs of trend reversals...
Trending market can render indicators useless, it can stay oversold/overbought.
  • #41,448
  • May 8, 2017 11:48am May 8, 2017 11:48am
Not sure about the trend or reversal but I think 1227 is good long scalp. I close it manually if it doesn't start going up within 60 mins.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #41,449
  • May 8, 2017 12:03pm May 8, 2017 12:03pm
Quoting Daaimali1512
{quote} What do you think about oversold and overbought levels??? it's now oversold... Oscilators are oversold too... Take care if you are selling gold... There are lots of signs of trend reversals...
I see gold bouncing on 100 ma on daily and looks like some support at 1227, but other than that it's hard to say where gold is going atm. Always expect the unexpected
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #41,450
  • May 8, 2017 12:09pm May 8, 2017 12:09pm
Can be a good buy at 1229 Scalp....
  • #41,451
  • May 8, 2017 12:27pm May 8, 2017 12:27pm
Quoting jorgen.fx
{quote} I see gold bouncing on 100 ma on daily and looks like some support at 1227, but other than that it's hard to say where gold is going atm. Always expect the unexpected
Looks like it may be a Demand Zone.
Tested 1227 8 times in the last 10 hours.
Wait, or you will be slaughtered!
  • #41,452
  • May 8, 2017 12:52pm May 8, 2017 12:52pm
Quoting nesta
m30 Long==>Over===>1237==>1241 below==>1225.xx=>1221.xx=>1218.xx {image}
waiting until below 1225 sell![email protected]
Long sl1225
buystop@1237
if you my trade,My-post analysis, subscribed to ME
  • #41,453
  • May 8, 2017 1:16pm May 8, 2017 1:16pm
Now Above 1227 Will it continue to go long or from 1228 it will go short again ?
  • #41,454
  • May 8, 2017 1:25pm May 8, 2017 1:25pm
Quoting maswalty
Now Above 1227 Will it continue to go long or from 1228 it will go short again ?
long
waiting until below 1225 sell![email protected]
Long sl1225
buystop@1237
if you my trade,My-post analysis, subscribed to ME
  • #41,455
  • May 8, 2017 1:26pm May 8, 2017 1:26pm
Quoting Aashish333
Can be a good buy at 1229 Scalp....
Gold Fix: am and pm
http://www.lbma.org.uk/pricing-and-statistics
http://www.kitco.com/gold.londonfix.html
Friday pm 1228.05
Wait, or you will be slaughtered!
  • #41,456
  • May 8, 2017 1:40pm May 8, 2017 1:40pm
XAUUSD 8H Chart:
Fresh PA Zone?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170508 8H [1].png Size: 29 KB
Wait, or you will be slaughtered!
  • #41,457
  • May 8, 2017 1:44pm May 8, 2017 1:44pm
For me, the most important resistance level for the uptrend to be in 1236.
And as long as this line is not broken and the candle above this trend line will be closed.
The reason to wait. Trading is risky at this time. Top 1235 can be bought. To 1236.5.
On the other hand the 1226 to 1225 trend until 1221.
if you my trade,My-post analysis, subscribed to ME
  • #41,458
  • Edited 4:55pm May 8, 2017 4:30pm | Edited 4:55pm
Quoting nesta
m30 Long==>Over===>1237==>1241 below==>1225.xx=>1221.xx=>1216.xx {image}
However, as I pointed out last week, XAU/USD is approaching an important an area where a medium-term bullish trend line and the bottom of the weekly and the daily charts cluster. Down below, there is an anticipated support zone that stretches from 1222 to 1218, so the market has to dive down below there to test the 1210.70-1207. If this support is broken, then the 1198/5 zone will probably be the next stop. Once below 1195, look for further downside with 1187 and 1180 as targets. To the upside, the initial resistance sits at 1235.30, followed by 1242. If XAU/USD convincingly penetrates 1242, we might see an extension towards 1250/48. A daily close above 1250 could foreshadow a move to 1265/1.

D1
إBelow===>1224.xx===>1221.xx(below@1221====>1216.xx[target])
Long Daily===>[email protected]===>1259
=================================
H4
Below===>1221==>1216.xx
Over==>1237.xx===>1241
Attached Image(s) (click to enlarge)
Click to Enlarge Name: D1.png Size: 57 KB
Click to Enlarge Name: h4.png Size: 28 KB
if you my trade,My-post analysis, subscribed to ME
  • #41,459
  • May 8, 2017 9:17pm May 8, 2017 9:17pm
Quoting manize
{quote} Moved sell limit to 1228 (fill the gap, fibo 50% May 5-8), target 1221
Close only 1 poin. Till tomorrow no high impact news for USD, maybe the movement just only between 1225 - 1236.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #41,460
  • May 8, 2017 9:59pm May 8, 2017 9:59pm
Nobody saw the daily inverted hammer? Can try long with risk @1222...Safer trader can wait for price above 1238. I am more of the gambling type...goodluck to me
Searching for some order in these apparent chaos...
160 traders viewing now