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

I was late for the bear party but able to squeeze in some quick profits....

I still that same Hunterrus, but I don't remember u

I'm not so sure it's over. I had a couple trades. Didn't kill it like you did. Great job!

Keeping an eye on 1421.72........ for interim bounce before proceeding lower and decide where it's going around 1419

Looking at 1434.47 as possible high for the day....

To the top
1428.21 and and then 1432.1.

And to the bottom
1414.75 and that 1411 mark.

Let's go......

Pending D1order
Buy: 1414.8
SL 1409.

Pending short order
Sell 1429
SL 1436

Let's go.....
Will look for scalps here and there(first one being around 1421.72 ish)

H4 seems to be forming a bit of a bearish flag yet again....
Previous one saw us spike up to range high and then it hammered down

Just something to think about......

Hello everyone, I am still long from 1419 and new long from 1423

I think this one is already bullish - let's see at 1433

Agreed, as per parameters I should've bought 1423 and posted that elsewhere https://www.metalsmine.com/showthrea...8#post12410458
But I passed on that just looking at the range ceiling we have been in....

waiting for deeper pullback. Still holding onto 1416.30 long but have begun loading shorts.....that 4hourly close near resistance has me interested in a little more downside.....

been buying and selling short term trades all day , day chart says sideways but looks like up , candle is a red so we see i will continue to do the same

well that's okay man, but i did still remember u, last time ive heard youve been busy started a new topic with your own system
afterall yeah guess youre still the same man lol

thanks for ur memory =) well trading is a hard thing but when you do it all the time you start to master it, a little later will connect my account here for people to watch! =) for now just chatting!

Gold holds steady near $1425 area, focus remains on FOMC/US-China trade talks
30 July 2019, 10:47

 

1. The USD remains supported by rising US bond yields and exerts some pressure.
2. US-China trade optimism further dents the commodity’s relative safe-haven status.
3. The key focus will remain on the latest FOMC policy decision, due on Wednesday.

Gold struggled to capitalize on the overnight goodish up-move and traded with a mild negative bias through the early European session on Tuesday.
The precious metal failed to build on its modest uptick witnessed over the past two trading session and was now being weighed down by a combination of negative factors - including the prevalent bullish sentiment surrounding the US Dollar and improving global risk sentiment.
The greenback remained well supported near two-month tops amid a pickup in the US Treasury bond yields and exerted some pressure on the dollar-denominated commodity. This coupled with optimism over a possible resolution of the prolonged US-China trade disputes further dented the precious metal's relative safe-haven status.

The downside, however, remained cushioned ahead of the highly anticipated FOMC monetary policy decision, scheduled to be announced on Wednesday and should play a key role in determining the next leg of a directional move for the non-yielding yellow metal.

Adding to this, fresh trade-related headlines coming out of the high-level trade negotiations between the world's two largest economies might further influence the broader market risk sentiment and collaborate towards producing some meaningful trading opportunities.

Apart from this, Tuesday's US economic docket - featuring the releases of Personal Income and Spending data, the core PCE price index (the Fed's preferred inflation gauge) and the Conference Board's Consumer Confidence Index will be looked upon for some impetus later during the early North-American session.

that is how gold must be traded to targets on 33-35 on "UPTREND" with fast lows!

Simple! Sensible and effective.
Profits locked in one level at a time!!!!!

Nice bud.
Preservation of capital very key

thanks doing my best!

if it breaks 1431.56 zone, it may reach estimatedly 1437.24
for those had their longs
may the force be with us

The bull force is still with you.......
Second point of Res around 1432.1 the third 1440.8.....
Will add shorts at those levels to and keep trailing buy hedge SL

will try to hold till 35-36! then some shorts are possible

as was told before, 1430 gave some short scalping

I hope everyone takes advantage of trade opportunities today!

Before the day is over I will be offloading almost all of my long position to minimize exposure during FOMC. If you are LT bullish right now like me I’m leaving just enough on to get a nice return if the Fed does the unthinkable and cuts 50bps but not enough to worry about the more likely outcome.