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

Is that iran actions moving the gold? I went long with extra breathing space 1428.5, tp: 1435, sl: low of the day... lots: X.. risky very risky.. manually cut losses as well depends...

might be but momentum is not looking strong

Bullish Momentum IN Gold n Silver
Good formation candle H4 Doji and reversal Daily chart

That's what I'm talkin bout.... TP 1440.. Holla

Still holding and constantly praying... it reversed pretty close to sl... thank you god...

thought you closed it earlier?

Thats the previous one thats a short ... losss

Are you scared...….?????

Yessss always scared whenever i enter themarket

Not you mate the people who come to visit the thread as invisible....

Morning all

retest of M15 trendline?

looks like a triangle in H4 too

Took a long on XAG here at 16.323 with a stop at 15.990
Tweets from trump about the price being low and the pump on gold I am hoping this is going to filter through in silver too.

U.S. Review

The string of strong data over the past week and a half—higher than expected inflation, retail sales and manufacturing production—likely will not dissuade the Fed from cutting rates 25 bps at its July meeting.

The market-implied certainty of a rate cut this month would seem to belie the observed health of the U.S. economy. Retail sales surged in June, rising 0.4% for the third consecutive month. Yet with uncertainty swirling and inflation persistently low, we can still expect a 25 bps cut this month.

XAU/USD Technical outlook:

am shorting silver for just 26 pips as you can see the chart bellow.

Bullish gold silver

GOLD IN SEARCH OF A FIRM DIRECTION, STUCK IN A RANGE BELOW $1430 AREA
22 July 2019, 15:31

 

1. Tempered Fed rate cut expectations underpinned the USD and capped gains.
2. Improving risk sentiment further weighed on the metal’s safe-haven status.
3. Global growth concerns extend some support and helped limit deeper losses.

Gold extended its sideways consolidative price action through the mid-European session on Monday and remained confined in a narrow trading band, around the $1425 region.

After Friday's sharp intraday pullback from fresh multi-year tops, a combination of diverging forces failed to provide any meaningful impetus and led to a subdued/range-bound price action on the first day of a new trading week.

The US Dollar remained supported by the fact that St. Louis Fed President James Bullard on Friday ruled out the possibilities of 50 bps rate cut and said that the current US economic condition doesn't warrant a larger cut.
The comments forced investors to scale back expectations for an aggressive Fed rate cut move at the upcoming FOMC monetary policy meeting on July 30-31 and drove flows away from the non-yielding yellow metal.
This coupled with a slight improvement in the global risk sentiment, as depicted by a positive tone around equity markets, further weighed on the precious metal's relative safe-haven status and kept a lid on any positive move.

The negative factors, to some extent, were largely offset by concerns over the effect of heightened trade tensions on the outlook for growth, which seemed to be the only factor that might help limit the downside, at least for now.
In the absence of any major market-moving economic releases from the US, the broader market risk sentiment and the USD price dynamics might produce some short-term trading opportunities through the US session on Monday.

Anyone making money from ping pong. Big event next week.. Ping pong untill next week...