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

  • #51,441
  • Jul 25, 2019 3:51pm Jul 25, 2019 3:51pm
Quoting Marcieny
Guys I don't know if I'm right ... but this AB = CD standard the price seems to be on top of it and I don't know if this selling pattern will actually work. {image}
Your image is on the weekly TF.....daily and intraday wise there's tons of room to the downside. Some levels were even taken out without hesitation....so may just maybe we revisit those.
For now interim shorts target are being reached one at a time.......

Quoting Marcieny
Guys I don't know if I'm right ... but this AB = CD standard the price seems to be on top of it and I don't know if this selling pattern will actually work. {image}
Nice pick up!
4&1 All Time Profit: $37,496
  • #51,442
  • Jul 25, 2019 3:54pm Jul 25, 2019 3:54pm
Quoting MzansiObi
{quote} Your image is on the weekly TF.....daily and intraday wise there's tons of room to the downside. Some levels were even taken out without hesitation....so may just maybe we revisit those. For now interim shorts target are being reached one at a time....... {quote} Nice pick up!
I will observe level 1406
  • #51,443
  • Jul 25, 2019 4:54pm Jul 25, 2019 4:54pm
Quoting awoof
{quote} Still feel the same way?
Thats why m out of action...
Extreme gut feeling trader
  • #51,444
  • Jul 25, 2019 4:59pm Jul 25, 2019 4:59pm
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persistence and determination alone are omnipotent
  • #51,445
  • Jul 25, 2019 5:15pm Jul 25, 2019 5:15pm
Potential AB=CD Bearish on DXY
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  • #51,446
  • Edited 6:34pm Jul 25, 2019 6:21pm | Edited 6:34pm
Here are the markings on the daily chart.

as the price is working i will see if the markings are correct
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  • #51,447
  • Jul 25, 2019 10:25pm Jul 25, 2019 10:25pm
Happy Friday traders

TGIF

will scale out of daily buy setups from yesterday and take partial profits, stops moved to break even on those buys.....
H1 sells have come into action.


Trade safe.
4&1 All Time Profit: $37,496
  • #51,448
  • Jul 25, 2019 10:30pm Jul 25, 2019 10:30pm
Quoting Marcieny
{quote} I will observe level 1406
That coincides with that 1405 level that acted as major support/resistance a few weeks ago.....nice!!!
Couple of pips below S3 which is 1410/11.....
Will place some buy orders at/around 1414 and 1410 respectively stops just below @1409ish
Will remain patient.
4&1 All Time Profit: $37,496
  • #51,449
  • Edited Jul 26, 2019 12:57am Jul 25, 2019 10:50pm | Edited Jul 26, 2019 12:57am
Non technical post: hope you fundies guys may assist;
I read an article yesterday about how Trump wouldn't wanna rattle the US economy too much ahead of the elections.....have been observing a much more of a free tone from some of the officials with regards to news that would've otherwise created a tweetstorm from POTUS.
Now we are seeing posts of Pompeo willing to go to Iran and there hasn't been much buzz regarding the projectiles that Kim shot etc, the renewed level of optimism regarding the China trade war.....my question is.....can we brace ourselves for such a softer tone from Washington regarding all these issues that have been hinderences and ultimately, if this sense of calm will translate into a risk off sentiment onto our charts........just thinking out loud.....

Trade safe
4&1 All Time Profit: $37,496
  • #51,450
  • Edited 1:13am Jul 26, 2019 12:23am | Edited 1:13am
Quoting MzansiObi
Non technical post: hope you fundies guys may assist; I read an article yesterday about how Trump wouldn't wanna rattle the US economy too much ahead of the elections.....have been observing a much more a free tone from some of he officials with regards to news hat would've otherwise created a tweetstorm from POTUS. Now we are seeing posts of Pompeo willing to go to Iran and there hasn't been much buzz regarding the projectiles that Kim shot etc, the renewed level of optimism regarding the China trade war.....my question is.....can we brace ourselves...

Here's the link: https://www.cnbc.com/2019/07/25/trum...7Ceveningbrief


http://www.xinhuanet.com/english/201..._138258118.htm
4&1 All Time Profit: $37,496
  • #51,451
  • Jul 26, 2019 2:13am Jul 26, 2019 2:13am
Any one heard or seen cd74 from Ballarat Australia..... I think I know why... check this out https://www.msn.com/en-au/news/australia/prospector-unearths-massive-nugget-at-old-gold-rush-town/ar-AAET4iW?ocid=spartanntp
Stay green!!!
  • #51,452
  • Jul 26, 2019 2:21am Jul 26, 2019 2:21am
Waiting for high to enter short .. strong selling is due
P.S. Trade with the discipline of Money Management and Risk Management.
  • #51,453
  • Jul 26, 2019 2:49am Jul 26, 2019 2:49am
Quoting Froggy
Any one heard or seen cd74 from Ballarat Australia..... I think I know why... check this out https://www.msn.com/en-au/news/australia/prospector-unearths-massive-nugget-at-old-gold-rush-town/ar-AAET4iW?ocid=spartanntp

such luck mate , just to let people know i live in a street which was one of the first streets in ballarat , half klm from me was two gold mines which mined over 26000 ounces i live near sovereign hill 700 mtrs away , their is 2 working gold mins within 2 klm and working so many to name have houses over them so its a history town lust like in some american states i did not find this nugget but i wounder about ced74 if he did
people leave, but this thread will go on for ever
  • #51,454
  • Jul 26, 2019 2:51am Jul 26, 2019 2:51am
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  • #51,455
  • Jul 26, 2019 2:55am Jul 26, 2019 2:55am
Quoting Aussi
{quote} such luck mate , just to let people know i live in a street which was one of the first streets in ballarat , half klm from me was two gold mines which mined over 26000 ounces i live near sovereign hill 700 mtrs away , their is 2 working gold mins within 2 klm and working so many to name have houses over them so its a history town lust like in some american states i did not find this nugget but i wounder about ced74 if he did
I have been all around there, Fly fish the back of Victoria several times. I was leaving in Adelaide for 34 years just moved to Sydney for 12mth close to our daughter. sorry for the distraction everyone...
Stay green!!!
  • #51,456
  • Jul 26, 2019 3:18am Jul 26, 2019 3:18am
Some levels for the day....

1419.82. good place to short with targets at
1410/11 then 1405.5 mark....


If the 1419.82 doesn't hold will look to towards 1423.80 then that 1429/30 handle


These levels have been acting like magnets past couple of weeks, either pulling price towards them or repelling them. Same story day in day out.....that 1419.82 sits around a key moving average on the hourly.....and what has price done when it got there? Dropped......let's be patient with the levels....


Buying low around 1411ish coincides with daily buy area and selling from the 1419ish area coincides with selling from the hourly and 4 hourly sell zones.....
4&1 All Time Profit: $37,496
  • #51,457
  • Jul 26, 2019 3:31am Jul 26, 2019 3:31am
Beside the technical levels watch the news guys and galls.


GDP numbers affect -> interest rates -> USD -> GOLD
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persistence and determination alone are omnipotent
  • #51,458
  • Jul 26, 2019 3:43am Jul 26, 2019 3:43am
Quoting farukh
Waiting for high to enter short .. strong selling is due
Took short from 1419
P.S. Trade with the discipline of Money Management and Risk Management.
  • #51,459
  • Jul 26, 2019 3:45am Jul 26, 2019 3:45am
Quoting MzansiObi
Some levels for the day.... 1419.82. good place to short with targets at 1410/11 then 1405.5 mark.... If the 1419.82 doesn't hold will look to towards 1423.80 then that 1429/30 handle These levels have been acting like magnets past couple of weeks, either pulling price towards them or repelling them. Same story day in day out.....that 1419.82 sits around a key moving average on the hourly.....and what has price done when it got there? Dropped......let's be patient with the levels.... Buying low around 1411ish coincides with daily buy area and selling...
Yes agreed with the 1410 - 1420
Any level may break out on US GDP data today. That I am expecting to be good.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #51,460
  • Jul 26, 2019 4:55am Jul 26, 2019 4:55am
Quoting farukh
{quote} Yes agreed with the 1410 - 1420 Any level may break out on US GDP data today. That I am expecting to be good.
So long as it ain't a rate decision will let the news spike/fuel it up or down and will look at PA reacion around strategic levels.....
4&1 All Time Profit: $37,496
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