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

Buy limit 1290+-

The topic should be separated for long term traders and scalpers.

Daily
1298===>down!

Below@1290====>1288[below]===>1285

what should the target before 15th June you think?

target@1298-99

1june!

Went long 1292. Hoping 1297.

Gold prices rose $14.01 an ounce on Tuesday, hitting the highest level since November 9, as investors sought safety from tensions in the Middle East, upcoming British election and the European Central Bank policy meeting. The XAU/USD pair extended its gains after the broken $1277.35-$1276 resistance flipped to support and pushed prices higher, but not surprisingly the resistance at 1295.50, which caused the market to reverse back in mid-April, saw some profit taking. Gold is currently trading at $1291.52, lower than the opening price of $1294.40.
From a short-term perspective, it would make sense to keep an eye on the 1290 level, which happens to be the Kijun-Sen (twenty six-period moving average, green line) on the H1 chart. If prices drop below there, the market will tend to retreat towards the 1288-1286.40 area, where the bottom of the Ichimoku cloud on the M30 time frame sits. The bears will have to push prices back below there in order to revisit the 1283/2 zone.

To the upside, the initial resistance stands at the 1295.50 level. If the bulls can capture this strategic camp, look for further upside with 1300 and 1308/4 as targets. Closing beyond this solid technical resistance would signal a push up to 1315.

if...1296---->1299

tp1

Below==@1287===>1285==>1283.xx
[email protected]===>1294====>1296[Over]====>1299.xx

I don't intend to sell at these levels yet, Gold could break out above $1,300 this time.

After a short repose for gold & silver, price is getting prepared for entering 1300 zone

hmm !Very well ms XAU !
How deep is your move ? 1270 ?

target

DAILY
1277===>1272====>taRGET==>1266.XX
aBOVE==>1296.5===>1300==>1304

My stoploss 1282

What is the reason to buy?