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

  • #50,881
  • Jul 12, 2019 8:27am Jul 12, 2019 8:27am
Quoting Chart1st
Tread carefully
Absolutely.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,882
  • Jul 12, 2019 8:31am Jul 12, 2019 8:31am
Quoting MoneyZilla
{quote} If market acts irrationally, what's the point of all this rational thinking then?
It was a reference to an old saying. I messed up the ending a little bit. By John Maynard Keynes:

"Markets can remain irrational for longer than you can remain solvent"

We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,883
  • Jul 12, 2019 8:41am Jul 12, 2019 8:41am
XAUUSD 6H Chart:
Rocket launching triangle [completing]?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 190712 XAUUSD 6H [1].png Size: 37 KB
Wait, or you will be slaughtered!
  • #50,884
  • Jul 12, 2019 8:51am Jul 12, 2019 8:51am
XAUUSD 6H Chart:
Leg E acceptable, ~50% Retrace of Leg D.
First target $1465
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 190712 XAUUSD 6H [2].png Size: 83 KB
Wait, or you will be slaughtered!
  • #50,885
  • Jul 12, 2019 8:57am Jul 12, 2019 8:57am
Quoting Uturn2
XAUUSD 6H Chart: Leg E acceptable, ~50% Retrace of Leg D. First target $1465 Cheers, U2 {image}
1465... my man, you are bold!

Now i'm a tad bit skeptical about what's going on with gold
  • #50,886
  • Jul 12, 2019 9:06am Jul 12, 2019 9:06am
Quoting Chart1st
{quote} 1465... my man, you are bold! Now i'm a tad bit skeptical about what's going on with gold
It also resembles a HVF [Hunt Volatility Funnel],
though my theory is a bit rusty.
Price has been compressed down to a very narrow range,
at the top of a very strong Up Trend.
I imagine the HVF crowd would be all over this!
$1465 is just the beginning.
Cheers, U2
Wait, or you will be slaughtered!
  • #50,887
  • Jul 12, 2019 9:11am Jul 12, 2019 9:11am
Quoting Chart1st
{quote} 1465... my man, you are bold! Now i'm a tad bit skeptical about what's going on with gold
No, he is not. $200 delta (top to bottom) is the minimum for the 2019 trend. And maybe he is right, this is where it will all actually start (1465)?
Attached Image (click to enlarge)
Click to Enlarge Name: 2019_trend.png Size: 49 KB
Maadik Hugiis. IQ 69.
  • #50,888
  • Jul 12, 2019 9:25am Jul 12, 2019 9:25am
Interest rates are so low that currencies are so much stable and so is the dollar.
During financial crises we would use currency as an indicator, there was also solid correlation of gold with equity, and metals too among themselves had correlation, all those correlation is gone and so is the trades.
  • #50,889
  • Jul 12, 2019 9:34am Jul 12, 2019 9:34am
1405 has parked the bus, but only a matter of time till we get an hourly close below it,
Revised:
high for the day 1419
Low for the day 1398.67


Intraday Pivot is that 1405 handle......
H1 hinting at further upside so be patient sellers, but we managed to catch decent sell setups from 1410/11 handle today.
Same with buyers buying 1405.....either side of the coin, bank profits and trail with caution
4&1 All Time Profit: $37,496
  • #50,890
  • Jul 12, 2019 12:10pm Jul 12, 2019 12:10pm
Quoting EventsTrader
{quote} It was a reference to an old saying. I messed up the ending a little bit. By John Maynard Keynes: "Markets can remain irrational for longer than you can remain solvent"
That may be my all-time favorite market quote.

Keynes' trading is super interesting too. His General Theory revolutionized economics, but not as many people know he also wrote A Treatise on Probability. You'd think the worlds best economist with an extremely high level knowledge of probability would be successful at trading, but he used too much leverage trading currencies and ultimately didn't do too well. I think that serves as a warning to the rest of us... Not that long ago I was an 18yr old kid with a trust fund thinking I could make $$$ by just scalping a little here and there, but to be sure I knew what I was doing I read a day trading book from Barnes and Noble first. Who was I to think that when someone like Keynes couldn't even make it.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #50,891
  • Edited 12:46pm Jul 12, 2019 12:23pm | Edited 12:46pm
Good day gentlemen... Market will be locked in a trend, according to my price prediction model... and no later than 15.7+
Yes, that means from 15th of July 2019 till at least 10-15th of October 2019.... Meaning that USD will get (slowly) stronger by the day...
It seems that we would have somewhat LINEAR trend... with not many deviations... except for maybe some muppet show spikes... when ECB/FED or some "presidents" tweets some disturbances.. but overall pretty stable... GOLD seems to be inversely correlated to USD.. but not 100%... a little more than half of that (60%)... at least at current conditions/cycles... Trade accordingly... And as always.. Always good to buy (to own or hold) the GOLD... But should one trade it going up.... one should not negate the power of USD at least when prices in gold are in USD

That was about the estimated trend.... Within the trends, dailytrades... I would be on the SHORT side for XAU/USD... at least for dailytrades...
Should this be confirmed... we will see in the next 2-3weeks starting from 157

Glad to had that timestamped... I stand behind it.

A little warning: Of course any model can be crashed, at least temporary... by the MASSIVE measures, events etc... but in the longrun... market follows the natural tracks that some SEEM to forecasted... And yes, DOUBT is always beneficial, at least in small doses... being 100% means GO BUST (for many) in the longrun.) At least from what I have observed so far...

See you next (trading) week... 157+
Can you afford to take that chance?
  • #50,892
  • Jul 12, 2019 1:46pm Jul 12, 2019 1:46pm
Quoting Uturn2
{quote} It also resembles a HVF [Hunt Volatility Funnel], though my theory is a bit rusty. Price has been compressed down to a very narrow range, at the top of a very strong Up Trend. I imagine the HVF crowd would be all over this! $1465 is just the beginning. Cheers, U2
Quoting MoneyZilla
{quote} No, he is not. $200 delta (top to bottom) is the minimum for the 2019 trend. And maybe he is right, this is where it will all actually start (1465)? {image}
Nice job guys, y’all were right. Jeez, I did not expect bulls to come this quick!

The movement for gold is insane... it’s like when price decides on a direction, it just surges...

Have a great weekend everybody
  • #50,893
  • Jul 12, 2019 2:12pm Jul 12, 2019 2:12pm
Quoting Chart1st
{quote} {quote} Nice job guys, y’all were right. Jeez, I did not expect bulls to come this quick! The movement for gold is insane... it’s like when price decides on a direction, it just surges... Have a great weekend everybody
I didnt expect it too, however by my pending order buy open itself and the shorts hit its SL, have a great weekend for u too bro
The Force is with me.. Im One With the Force..
  • #50,894
  • Jul 12, 2019 2:55pm Jul 12, 2019 2:55pm
Hello guys, I managed to get a buy at 1409. Do you recommend me to hold it for a swing trade?
  • #50,895
  • Jul 12, 2019 3:19pm Jul 12, 2019 3:19pm
Quoting hocius
Hello guys, I managed to get a buy at 1409. Do you recommend me to hold it for a swing trade?
Depends on your equity and MM matters, so when the market closed during the weekend, and then change direction you could be prepared. But if u would like be more save, better closed it sooner before. May the force be with you.
The Force is with me.. Im One With the Force..
  • #50,896
  • Jul 12, 2019 3:20pm Jul 12, 2019 3:20pm
Quoting Uturn2
XAUUSD 6H Chart: Rocket launching triangle [completing]? Cheers, U2 {image}
The triangle is about to break upwards. Once the Chinese GDP is data is out on Monday , I will prefer to open the trades.
  • #50,897
  • Jul 12, 2019 3:22pm Jul 12, 2019 3:22pm
The very big monthly picture. The PA is in the breakout region. If this month prices will not retrace back to 1350 zone, the breakout will validated and the price will reach up to 1560 in next three months.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-mn1-metaquotes-software-corp-2.png Size: 293 KB
  • #50,898
  • Jul 12, 2019 3:32pm Jul 12, 2019 3:32pm
Quoting Goldenshot
{quote} Depends on your equity and MM matters, so when the market closed during the weekend, and then change direction you could be prepared. But if u would like be more save, better closed it sooner before. May the force be with you.
THanks for the tips. I think I'll keep it.
  • #50,899
  • Jul 12, 2019 3:41pm Jul 12, 2019 3:41pm
Quoting hocius
Hello guys, I managed to get a buy at 1409. Do you recommend me to hold it for a swing trade?
If you can mange the SL just bellow 1400, i think it will be alright. The Chinese GDP data is due on Monday. There are high chances because of the recent stimulus the GDP data will be strong which will cause Gold to touch back 1400 before it shoots upward later.
  • #50,900
  • Jul 12, 2019 3:43pm Jul 12, 2019 3:43pm
Quoting tush1822
{quote} If you can mange the SL just bellow 1400, i think it will be alright. The Chinese GDP data is due on Monday. There are high chances because of the recent stimulus the GDP data will be strong which will cause Gold to touch back 1400 before it shoots upward later.
Not to mention unless Mr Trump use his Tweeter cannon over the weekend which will cause the GAP on Monday opening!!
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