XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2453 | Crypto Craft

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

  • #49,041
  • May 24, 2019 7:01pm May 24, 2019 7:01pm
Quoting SunTrader
{quote} More clearer would be to say the range is getting crushed - although it isn't. Look at ATR(14). It has been rising last 2 weeks.
Hey Suntrader,

According to any ATR 14 I look at, Daily, Weekly or Monthly, they all point down. Not sure what you mean by rising for 2 weeks. Anyway, thanks for trying to help me be more clearer in my posts. Good looking out buddy.

Take it easy,

- Ric
Attached Image(s) (click to enlarge)
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Be humble or get humbled
  • #49,042
  • May 25, 2019 3:54pm May 25, 2019 3:54pm
Quoting riclater211
{quote} Price shot up right through my trade box. +500 banked on Gold. Now I have wait for price to break out passed 1268.00 or 1304.00. We shall see. - Ric {image}
Just waiting for price to get passed 1268.00 or 1304.00.

Have a great weekend.

- Ric
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 05242019.png Size: 97 KB
Be humble or get humbled
  • #49,043
  • May 25, 2019 4:30pm May 25, 2019 4:30pm
Quoting riclater211
{quote} Hey Suntrader, According to any ATR 14 I look at, Daily, Weekly or Monthly, they all point down. Not sure what you mean by rising for 2 weeks. Anyway, thanks for trying to help me be more clearer in my posts. Good looking out buddy. Take it easy, - Ric {image} {image} {image}
Turns out I had a bad daily tick a couple of days ago but after adjusting things ATR 14 (yours has RMA in its calculation?) shows the month of May sideways to up somewhat but in no way contracting:

Take care.
Attached Image (click to enlarge)
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  • #49,044
  • May 26, 2019 9:42pm May 26, 2019 9:42pm
First leg up....an attempt to breakout? Let's see..
If you want in on my experimental EA, PM me.
  • #49,045
  • May 27, 2019 1:27am May 27, 2019 1:27am
Morning Gold Diggers,

Spotted a Bear setup on H1..
Will post a signal once it pops up (should I get a signal, I suspect this will be a big move)

Hope we had a great weekend
Let;s all stay safe
  • #49,046
  • May 27, 2019 2:16am May 27, 2019 2:16am
Quoting JayBag
Morning Gold Diggers, Spotted a Bear setup on H1.. Will post a signal once it pops up (should I get a signal, I suspect this will be a big move) Hope we had a great weekend Let;s all stay safe

Here's the idea
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GOLDDaily.png Size: 67 KB
  • #49,047
  • May 27, 2019 3:04am May 27, 2019 3:04am
Gold potential selling points: 1290, 1285, 1285. One can play a pending sell order at 1290 or set a sell-stop at 1285, with immediate target of 1280, the previous resistance turned support.

Just my two cents and possible scenario. Thoughts appreciated.
If you want in on my experimental EA, PM me.
  • #49,048
  • May 27, 2019 3:37am May 27, 2019 3:37am
Quoting RegisMexes
Gold potential selling points: 1290, 1285, 1285. One can play a pending sell order at 1290 or set a sell-stop at 1285, with immediate target of 1280, the previous resistance turned support. Just my two cents and possible scenario. Thoughts appreciated.
As long as you talking SELL, I am with you on that..
  • #49,049
  • May 27, 2019 5:12am May 27, 2019 5:12am
Quoting JayBag
{quote} As long as you talking SELL, I am with you on that..
Most XXX/USD are in the red and King Dollar is back...this should be primed to make a visit to 1280 soon..
If you want in on my experimental EA, PM me.
  • #49,050
  • May 27, 2019 6:54am May 27, 2019 6:54am
On my Radar I am seeing 1323 to the upside if breached 1287....
Markets are Irrational
  • #49,051
  • May 27, 2019 9:02am May 27, 2019 9:02am
Quoting ArslanHyder
On my Radar I am seeing 1323 to the upside if breached 1287....
Yes bro., I think this week gold
Pass 1287 limit and nearly stop at 1310-1323 a big bullish trend ahead so carefuly trading..
  • #49,052
  • May 27, 2019 10:21am May 27, 2019 10:21am
Im still seeing the bear around on gold
Yoobbie
  • #49,053
  • May 27, 2019 10:28am May 27, 2019 10:28am
Quoting Shadowluxury
Im still seeing the bear around on gold
Just a small tiny one though..
If you want in on my experimental EA, PM me.
  • #49,054
  • May 27, 2019 10:48am May 27, 2019 10:48am
Quoting RegisMexes
{quote} Just a small tiny one though..
Shorting gold can be considered as a counter trend?
  • #49,055
  • May 27, 2019 11:31am May 27, 2019 11:31am
Quoting eleufski
{quote} Shorting gold can be considered as a counter trend?
Not really, I think gold is still trying to find a direction at the moment. Technically, it looks like we have a bear on H4, but we are still flirting too close to 1287 which is the breakout pivot.

Reasons why I feel it is safer to sell:
-1303 is a very very strong resistance
-1269 support has been tested only once
-DXY looking bullish
-USD/JPY looks bullish
-JPY looks to be softening
-Selling gold gives positive swap, very positive swap.
If you want in on my experimental EA, PM me.
  • #49,056
  • May 27, 2019 4:27pm May 27, 2019 4:27pm
Quoting eleufski
{quote} Shorting gold can be considered as a counter trend?
Based on the TF which you are using it can further be identified that whether it is counter trend or within trend... Trade Safe.
Markets are Irrational
  • #49,057
  • May 27, 2019 6:53pm May 27, 2019 6:53pm
Quoting RegisMexes
{quote} Not really, I think gold is still trying to find a direction at the moment. Technically, it looks like we have a bear on H4, but we are still flirting too close to 1287 which is the breakout pivot. Reasons why I feel it is safer to sell: -1303 is a very very strong resistance -1269 support has been tested only once -DXY looking bullish -USD/JPY looks bullish -JPY looks to be softening -Selling gold gives positive swap, very positive swap.
Adding couple of reasons:

  1. On day timeline, fib level 50 of uptrend since Aug'18 has not been touched as yet
  2. On week timeline, there is pattern formed by SMA400 on top then SMA300 then SMA200. price was rejected from sma400 and started downtrend. Now sma200 is waiting down.
  3. Above mentioned both target points are same i.e. fib level 50 on day timeline and sma200 on week timeline.

Target price is 1250

P.S. Trade with the discipline of Money Management and Risk Management.
  • #49,058
  • May 27, 2019 10:02pm May 27, 2019 10:02pm
Quoting RegisMexes
Gold potential selling points: 1290, 1285, 1285. One can play a pending sell order at 1290 or set a sell-stop at 1285, with immediate target of 1280, the previous resistance turned support. Just my two cents and possible scenario. Thoughts appreciated.
Ka-ching!!!!!
If you want in on my experimental EA, PM me.
  • #49,059
  • Edited 2:17am May 28, 2019 2:06am | Edited 2:17am
I have short position on Gold since last week at 1286.3 and my target is 1275. if price falls below 1281.8 , then the confirmation is raised to move Gold down to 1275. My stop loss is 1290.9
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_1275.png Size: 70 KB
  • #49,060
  • May 28, 2019 2:27am May 28, 2019 2:27am
If it breaks 1287, bulls should return.
If you want in on my experimental EA, PM me.
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