XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2403 | Crypto Craft

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

  • #48,041
  • Feb 4, 2019 12:07pm Feb 4, 2019 12:07pm
I can see the H&S reversal pattern forming on H1 and H4 chart. Any comments? how we can trade?
Attached Image (click to enlarge)
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  • #48,042
  • Feb 5, 2019 5:13am Feb 5, 2019 5:13am
i have Sell @ 1312. and i really don't know why now Gold go up, while DX still up
  • #48,043
  • Feb 5, 2019 5:20am Feb 5, 2019 5:20am
Quoting agazzi86
i have Sell @ 1312. and i really don't know why now Gold go up, while DX still up
I guess it indicates that traders are not convinced with the short term positive outlook of the US economy and living with the fact that underlying global economic outlook is still weak.
  • #48,044
  • Feb 5, 2019 5:31am Feb 5, 2019 5:31am
Quoting tush1822
{quote} I guess it indicates that traders are not convinced with the short term positive outlook of the US economy and living with the fact that underlying global economic outlook is still weak.
One more interesting fact is India- The Gold demand is expected to grow this year because of reduced Income tax few weeks back. India is consuming around 750-800 tonnes of gold annually mainly for Jewellry production.
  • #48,045
  • Feb 5, 2019 5:40am Feb 5, 2019 5:40am
Quoting agazzi86
i have Sell @ 1312. and i really don't know why now Gold go up, while DX still up
I think it's risky to sell at this point should be considering to buy as everybody knows gold is going to go up
  • #48,046
  • Feb 5, 2019 5:41am Feb 5, 2019 5:41am
Quoting tush1822
{quote} I guess it indicates that traders are not convinced with the short term positive outlook of the US economy and living with the fact that underlying global economic outlook is still weak.
maybe it right, but I still belive that when DX Up, gold will Down because XAU/USD and now DX up then Gold go up too
  • #48,047
  • Edited 10:34am Feb 5, 2019 7:37am | Edited 10:34am
alreadeee in $$$ = long - - - TP1 @1320.77 , SL man.

________and short d dragon[gj]
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da n0o0b + $hit_Disturber
  • #48,048
  • Feb 5, 2019 7:39am Feb 5, 2019 7:39am
I'm looking for another SELL from here, but pretty sharp candle making me wait more.
I am keeping the SELL from 1324 and my TP is on 1300 area, If I can take another sell from here would be great.

Attached Image


Maybe it's making a corrective structure here:

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What do you think guys?
We can't control the sea, but we can learn how to surf the waves.
  • #48,049
  • Feb 5, 2019 7:40am Feb 5, 2019 7:40am
Quoting tush1822
I can see the H&S reversal pattern forming on H1 and H4 chart. Any comments? how we can trade? {image}
Looks like the H&S pattern is going to fail because of very strong bullish pressure. I have to quote an important principle by Martin Pring.
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  • #48,050
  • Feb 5, 2019 8:02am Feb 5, 2019 8:02am
Quoting aariapoor
I'm looking for another SELL from here, but pretty sharp candle making me wait more. I am keeping the SELL from 1324 and my TP is on 1300 area, If I can take another sell from here would be great. {image} Maybe it's making a corrective structure here: {image} What do you think guys?
I think it will workout. As soon as a strong bearish candle prints on the trend line touch area, you can sell. I am bullish today. I think its going to take long time to reach 1300 range. Best luck.
  • #48,051
  • Feb 5, 2019 8:03am Feb 5, 2019 8:03am
Quoting aariapoor
I'm looking for another SELL from here, but pretty sharp candle making me wait more. I am keeping the SELL from 1324 and my TP is on 1300 area, If I can take another sell from here would be great. {image} Maybe it's making a corrective structure here: {image} What do you think guys?
I don't think it's a good idea to sell at the moment, there is strong buying pressure prices are going down as normal but will be heading back up again, should be considering BUY.
  • #48,052
  • Feb 5, 2019 10:07am Feb 5, 2019 10:07am
Take my chances on short, looks like a bear flag + stronger dollar
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #48,053
  • Feb 5, 2019 12:21pm Feb 5, 2019 12:21pm
smart money messing us around...
Attached Image
We err, and err, and err again, but less.
  • #48,054
  • Feb 5, 2019 3:53pm Feb 5, 2019 3:53pm
Quoting Ra7
{quote} .......as everybody knows gold is going to go up
When everyone knows that (they don't by the way) ... it goes down. Because "everyone" has already bought.

Not saying it will go down. Just that "everyone" very rarely think the same and when they do it quickly reverses direction.
  • #48,055
  • Feb 5, 2019 8:04pm Feb 5, 2019 8:04pm
I have a pending order for sell at 1318 for today. Either way if target acheived or no, the position/pending order to be closed/squared at end of day today ( End of NY session today )
Lets see!!!

Al the best !!! Trade safe
Just retired from University
  • #48,056
  • Feb 6, 2019 3:55am Feb 6, 2019 3:55am
Quoting dweb
smart money messing us around... {image}
I am bored...
Attached Image
We err, and err, and err again, but less.
  • #48,057
  • Feb 6, 2019 4:03am Feb 6, 2019 4:03am
Quoting dweb
{quote} I am bored... {image}
All things being equal... rough sketch of GOLD, H4
Attached Image (click to enlarge)
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We err, and err, and err again, but less.
  • #48,058
  • Feb 6, 2019 8:15am Feb 6, 2019 8:15am
Quoting dweb
{quote} I am bored... {image}
me too getting bored London, NY, Tokyo, all scratching their asses thinking who will lead the breakout!! from 1310.
  • #48,059
  • Feb 6, 2019 8:53am Feb 6, 2019 8:53am
Quoting dweb
{quote} I am bored... {image}
I am 100% contrarian...can't do it any other way...
Attached Image
We err, and err, and err again, but less.
  • #48,060
  • Feb 6, 2019 8:58am Feb 6, 2019 8:58am
Quoting dweb
{quote} I am 100% contrarian...can't do it any other way... {image}
Me too but on a longer TF
Markets are Irrational
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