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XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #41,462
- May 9, 2017 4:56am May 9, 2017 4:56am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #41,463
- May 9, 2017 7:38am May 9, 2017 7:38am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
{quote} 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...
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- #41,465
- May 9, 2017 8:40am May 9, 2017 8:40am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
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- #41,467
- May 9, 2017 8:53am May 9, 2017 8:53am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
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- #41,471
- May 9, 2017 9:22am May 9, 2017 9:22am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
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- #41,472
- May 9, 2017 9:23am May 9, 2017 9:23am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
H1 below===>1219===>1217.xx(below==>1215.xx) Over==>1227.xx==>long=>1228... {image}
belw==>1217==>1215.xx==>1213..xx
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- #41,474
- May 9, 2017 9:29am May 9, 2017 9:29am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
D1-Daily ============================ target==>1222.xx(Speculation on 10may) Below==>1221(cloudichi)====>1212==>1195=====>1192.xx =========================== D1 Over1242==>Long===>1259.xx -------------------------------------------------------------------------------------------------- H4 target===>1221.xx(Speculation on 10may) Below===>1225.5====>1221.xx===>1219.xx===>1215.xx Over====>1236.5====>1240.xx===>1246.xx===>1252.xx {image} {image}
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- #41,475
- May 9, 2017 9:38am May 9, 2017 9:38am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
I see this thread hasn't changed much.
- #41,478
- May 9, 2017 10:14am May 9, 2017 10:14am
How can it fall so much from 1290 to 1216Guys i need to understand i have various buy positions as different levels between 1257 to 1217 do you advise me to hold or just exit . its really testing my patience
Will it ever bounce
- #41,480
- May 9, 2017 10:26am May 9, 2017 10:26am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
{quote} 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...
I only trade XAU/USD. Based on USD news & Fib SR & BB20