XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2193 | Crypto Craft

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

  • #43,841
  • Edited 11:11pm Oct 8, 2017 10:40pm | Edited 11:11pm
Yeah it's perfectly fine, we all have our setups and all of us can make merry, both buyers n sellers.....It's like riding a train which goes both sides.....We just need to know where to get on n where to get off! = yeah scalpers Paradi$e - no $hit
da n0o0b + $hit_Disturber
  • #43,842
  • Oct 8, 2017 10:43pm Oct 8, 2017 10:43pm
Exactly. Thanks for the understanding.....
Though, if one is smart enough, the 1 min tf setups give excellent entries for the larger tf trades.....
  • #43,843
  • Oct 8, 2017 10:57pm Oct 8, 2017 10:57pm
Hi everyone..

Can anyone here give some suggestion about XAU what is the direction within this day since it moved higher last Friday and continue to strengthen on Monday Asia session (currently price at 1282.33)?

And what about the North Korea issue today? is that issue will continue to support gold to go up within this week..?

Thank you for your response

Kind regards
  • #43,844
  • Edited 11:29pm Oct 8, 2017 11:17pm | Edited 11:29pm
Quoting RondaRousey
{quote} Any pro traders going long?
Noobs go long here.

PROS usually wait for a correction.

And LEGENDS ride the correction as well.

Hope you got my point.
  • #43,845
  • Oct 8, 2017 11:45pm Oct 8, 2017 11:45pm
Quoting msh310
{quote} Noobs go long here. PROS usually wait for a correction. And LEGENDS ride the correction as well. Hope you got my point.
Ah yes, so u r a pro trader? Which tf is ur staple sir?
  • #43,846
  • Oct 8, 2017 11:55pm Oct 8, 2017 11:55pm
hi bud(SunTrader) how are you, how is trading.
  • #43,847
  • Oct 9, 2017 12:24am Oct 9, 2017 12:24am
Quoting Dutchy Daxy
GC Long @ 1272.2 (Futures) 2 Lot sold + 20 pips Counter. Now we have to wait if the Gold can cross the 1277 zone {image}
Still in a counter long trade/Still bearish @ long term TF chart

Reached the 1286 zone =Weekly POC 2 Weeks back.

Aug POC @ 1292
VWAP level 2 Weeks back @ 1295
Could show some resistance 1292/1295 and/or drop from there.
Attached Image (click to enlarge)
Click to Enlarge Name: MGC 12-17 (60 Range) _ GC 12-17 (240 Minute) 2017_10_09.png Size: 147 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #43,848
  • Oct 9, 2017 12:27am Oct 9, 2017 12:27am
Quoting RondaRousey
{quote} Any pro traders going long?
Long since 1272
  • #43,849
  • Oct 9, 2017 12:56am Oct 9, 2017 12:56am
Inserted Video
  • #43,850
  • Oct 9, 2017 1:15am Oct 9, 2017 1:15am
Quoting Dutchy Daxy
{quote} Still in a counter long trade/Still bearish @ long term TF chart Reached the 1286 zone =Weekly POC 2 Weeks back. Aug POC @ 1292 VWAP level 2 Weeks back @ 1295 Could show some resistance 1292/1295 and/or drop from there. {image}
Bang on!!
  • #43,851
  • Edited 1:34am Oct 9, 2017 1:20am | Edited 1:34am
Quoting msh310
{quote} Noobs go long here. PROS usually wait for a correction. And LEGENDS ride the correction as well. Hope you got my point.
Retracement like this one? Might be a good potential for an up move here. Wait for the weekly close to be positive (green candle) if conservative. But only if you are a long term trader on this one.
Attached Image (click to enlarge)
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  • #43,852
  • Oct 9, 2017 2:08am Oct 9, 2017 2:08am
Last week's close was certainly a good indicator that we will see upside in the short-term however this pair always sets obvious patterns to trap people. I would not be surprised at all if we tested the 1260-1270 region once again to shake off weak hands before finally heading up to the 1300's. That will be my entry point. For now I'm short expecting a retest.

We can't all be right, all the time.. I may have this one wrong.

Quoting maflip
{quote} Retracement like this one? Might be a good potential for an up move here. Wait for the weekly close to be positive (green candle) if conservative. But only if you are a long term trader on this one. {image}
  • #43,853
  • Oct 9, 2017 2:22am Oct 9, 2017 2:22am
Quoting Mitchoss
Last week's close was certainly a good indicator that we will see upside in the short-term however this pair always sets obvious patterns to trap people. I would not be surprised at all if we tested the 1260-1270 region once again to shake off weak hands before finally heading up to the 1300's. That will be my entry point. For now I'm short expecting a retest. We can't all be right, all the time.. I may have this one wrong. {quote}
Yah agree with you. Anything can happen.
  • #43,854
  • Oct 9, 2017 2:39am Oct 9, 2017 2:39am
Quoting Mitchoss
Last week's close was certainly a good indicator that we will see upside in the short-term however this pair always sets obvious patterns to trap people. I would not be surprised at all if we tested the 1260-1270 region once again to shake off weak hands before finally heading up to the 1300's. That will be my entry point. For now I'm short expecting a retest. We can't all be right, all the time.. I may have this one wrong. {quote}
ABC correction with A complete & B heading for 1277 & perhaps 1273. Wave C should see 1308.
Conventional trading is for losers
  • #43,855
  • Oct 9, 2017 2:39am Oct 9, 2017 2:39am
Brothers and Sisters, another divergence is forming on gold. I am sorry I have missed it. Just woke up...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2483.JPG Size: 171 KB
Maadik Hugiis. IQ 69.
  • #43,856
  • Oct 9, 2017 2:45am Oct 9, 2017 2:45am
Quoting arvindeept
{quote} Ah yes, so u r a pro trader? Which tf is ur staple sir?
I am not a pro. Trading if not about tfs... even a noob can trade on monthly or a minute chart... btw I trade 1hr mostly... And I love 1 min charts because i do scalp the markets... some times these scalp turns to be the best trade as per R/R... but on the other hand it's much risky.
  • #43,857
  • Oct 9, 2017 2:49am Oct 9, 2017 2:49am
Quoting Mitchoss
Last week's close was certainly a good indicator that we will see upside in the short-term however this pair always sets obvious patterns to trap people. I would not be surprised at all if we tested the 1260-1270 region once again to shake off weak hands before finally heading up to the 1300's. That will be my entry point. For now I'm short expecting a retest. We can't all be right, all the time.. I may have this one wrong. {quote}
Strongly agree... that's what I am also waiting for... a pull back, confirmation and trigger....
  • #43,858
  • Oct 9, 2017 2:51am Oct 9, 2017 2:51am
Quoting halichthiep
Sell 1280 Stop Loss 1283 Target 1: 1273 Target 2: 1268
Good work... I like your R/R..... i hope you took the shorts again....
  • #43,859
  • Oct 9, 2017 3:27am Oct 9, 2017 3:27am
Quoting msh310
{quote} I am not a pro. Trading if not about tfs... even a noob can trade on monthly or a minute chart... btw I trade 1hr mostly... And I love 1 min charts because i do scalp the markets... some times these scalp turns to be the best trade as per R/R... but on the other hand it's much risky.
Ok but your using the so called word "noob" for any trader is not justified.....My 2 cents.
  • #43,860
  • Oct 9, 2017 3:56am Oct 9, 2017 3:56am
Has gold reached the bottom?
Gold has been trending lower in the past few weeks as the FED hasn't been as dovish as the market has anticipated following the weaker than expected economic, especially inflation numbers... The market has also ignored the reckless rhetoric between TRUMP and North korea's "little rocket man". However, I believe this correction is about to end given that there is no major change in the federal reserve policy outlook which the market has already priced in even tighter policy outlook in the past few years.
Friday, the employment report was released, most economists were expecting a poor and even as distorted number in a hurricane season. We saw an initial rally in the USD on strong earnings , which is the most watched figure in the jobs report these days, as it gives indication on future inflation . But gains were erased later in the session , either because the numbers are just not reliable and probably distorted due to severe weather.
Or because the dollar has already priced in a slightly tighter policy since the Feds last fomc, which lifted probabilities for december rate hike. And now, the markets need more than that to sustain further dollar strength, at least a clear indication of rising inflation which would force the fed to move faster in raising rates.. which is not the case in the near future.
Having these conclusions, I am speculating on dollar weakness across the board in the coming weeks. and gold is one of my long picks.

This is my personal view, do your own due diligence.
Trade with care
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