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

  • #52,921
  • Sep 26, 2019 8:18am Sep 26, 2019 8:18am
Waiting for breakout either side 1500 or 1512
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,922
  • Sep 26, 2019 9:05am Sep 26, 2019 9:05am
Quoting MzansiObi
What time does Donald Trump wake up? I wanna set my my alarm clock accordingly, need to be up when he wakes up....bit subdued again this morning

ha ha ha.... super like !!!!!!!!!
  • #52,923
  • Sep 26, 2019 10:19am Sep 26, 2019 10:19am
Quoting farukh
Waiting for breakout either side 1500 or 1512
That seems to be about the case. Gotta agree with you. Looking to buy in the 1500-1502 zone.
If in doubt, paddle out!
  • #52,924
  • Sep 26, 2019 10:26am Sep 26, 2019 10:26am
Quoting SurfsUp
{quote} That seems to be about the case. Gotta agree with you. Looking to buy in the 1500-1502 zone.
Already banked 3 scalps withing the range.
Just took last buy of the day @1506 on getting candle signal in m15. Hoping it to be green too..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,925
  • Sep 26, 2019 10:28am Sep 26, 2019 10:28am
Quoting MzansiObi
What time does Donald Trump wake up? I wanna set my my alarm clock accordingly, need to be up when he wakes up....bit subdued again this morning
Well reviewing his tweets over the last week (a sad task I must say), earliest is around 7 am East coast time. Most morning tweets are around 9 and 11. Bit busy around 14:00, 19:00 and 23:00 hours.
If in doubt, paddle out!
  • #52,926
  • Sep 26, 2019 10:31am Sep 26, 2019 10:31am
long too now at 1508.25 on the 30M candle.
MTF PA with indicators = a winning team
  • #52,927
  • Sep 26, 2019 11:48am Sep 26, 2019 11:48am
Quoting farukh
{quote} Already banked 3 scalps withing the range. Just took last buy of the day @1506 on getting candle signal in m15. Hoping it to be green too..
Closed in green..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,928
  • Sep 26, 2019 12:01pm Sep 26, 2019 12:01pm
only partly green for me, I am stilll learning but thanks for explaining how you took your trade.
I am short now with a target of 1504.44
MTF PA with indicators = a winning team
  • #52,929
  • Sep 26, 2019 12:35pm Sep 26, 2019 12:35pm
Quoting notyetthere
only partly green for me, I am stilll learning but thanks for explaining how you took your trade. I am short now with a target of 1504.44
that went ok
MTF PA with indicators = a winning team
  • #52,930
  • Sep 26, 2019 3:00pm Sep 26, 2019 3:00pm
Today was a very difficult day for gold traders. With GDP data along with political drama, there was good reason to think we'd see a lot more volatility then we got. It's not easy to squeeze out profits in a tight range like we had today. I hope everybody hung in there. Any thoughts on where we go from here? I'm biased towards gold prices recovering recent losses. Rally Friday?

Check out today's lack of gold (CME CL) volatility. It was on relatively lower volume too:
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0038-5.55.47-PM.png Size: 11 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,931
  • Sep 26, 2019 3:08pm Sep 26, 2019 3:08pm
1500 is strong support for now so I see us further recovering in the short term .... in the long run: I have no cristal ball ;-)
my first target is 1509.50 for the coming hours since we saw a morning star on the 30M
MTF PA with indicators = a winning team
  • #52,932
  • Sep 26, 2019 3:24pm Sep 26, 2019 3:24pm
Quoting EventsTrader
Today was a very difficult day for gold traders. With GDP data along with political drama, there was good reason to think we'd see a lot more volatility then we got. It's not easy to squeeze out profits in a tight range like we had today. I hope everybody hung in there. Any thoughts on where we go from here? I'm biased towards gold prices recovering recent losses. Rally Friday? Check out today's lack of gold (CME CL) volatility. It was on relatively lower volume too: {image}
Agreed.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 68 KB
  • #52,933
  • Sep 26, 2019 3:28pm Sep 26, 2019 3:28pm
Quoting EventsTrader
Today was a very difficult day for gold traders. With GDP data along with political drama, there was good reason to think we'd see a lot more volatility then we got. It's not easy to squeeze out profits in a tight range like we had today. I hope everybody hung in there. Any thoughts on where we go from here? I'm biased towards gold prices recovering recent losses. Rally Friday? Check out today's lack of gold (CME CL) volatility. It was on relatively lower volume too: {image}
price has not gone out of place... I'm waiting
  • #52,934
  • Sep 26, 2019 4:11pm Sep 26, 2019 4:11pm
Quoting EventsTrader
Today was a very difficult day for gold traders. With GDP data along with political drama, there was good reason to think we'd see a lot more volatility then we got. It's not easy to squeeze out profits in a tight range like we had today. I hope everybody hung in there. Any thoughts on where we go from here? I'm biased towards gold prices recovering recent losses. Rally Friday? Check out today's lack of gold (CME CL) volatility. It was on relatively lower volume too: {image}
I still think Gold has to complete its retrace to 1440-1450 fora new LL. But DT impeachment might cancel it if it becomes serious which I strongly doubt.
As you said it's difficult to trade it as we are exactly in the middle between the top 1550 and my forecasted retrace 1450. GL!
Attached Image (click to enlarge)
Click to Enlarge Name: Gold forecast.png Size: 106 KB
  • #52,935
  • Sep 26, 2019 4:13pm Sep 26, 2019 4:13pm
Gold is the king of deception and crude oil is the queen.

I just went long on gold. If i wake up during the night i might look what the price is.
  • #52,936
  • Sep 26, 2019 4:56pm Sep 26, 2019 4:56pm
Quoting Fadhl
{quote} I still think Gold has to complete its retrace to 1440-1450 fora new LL. But DT impeachment might cancel it if it becomes serious which I strongly doubt. As you said it's difficult to trade it as we are exactly in the middle between the top 1550 and my forecasted retrace 1450. GL!{image}
Interesting that we are smack dab in the middle of your high/low. Trump is not getting impeached. At this point it's all political. I think that given the empty calendar during the Asian and Eurpopean sessions, the only serious price driver will be if some breaking news hits the wires. Otherwise, it will continue to trade on sentiment, which by the looks of the chart and from what I've been observing, is about 50/50.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,937
  • Sep 26, 2019 9:16pm Sep 26, 2019 9:16pm
Quoting Fadhl
{quote} I still think Gold has to complete its retrace to 1440-1450 fora new LL. But DT impeachment might cancel it if it becomes serious which I strongly doubt. As you said it's difficult to trade it as we are exactly in the middle between the top 1550 and my forecasted retrace 1450. GL!{image}
I’ve also been forecasting gold to go to 1,450 and still believe it will. It’s in a bull market, but needs a little retrace like you said... The US-China trade talks are coming up and that might be the catalyst it needs to take get to either end of the range.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #52,938
  • Sep 26, 2019 9:55pm Sep 26, 2019 9:55pm
No one post silver ?
Beginners Luck
  • #52,939
  • Sep 26, 2019 10:01pm Sep 26, 2019 10:01pm
Quoting EventsTrader
{quote} Interesting that we are smack dab in the middle of your high/low. Trump is not getting impeached. At this point it's all political. I think that given the empty calendar during the Asian and Eurpopean sessions, the only serious price driver will be if some breaking news hits the wires. Otherwise, it will continue to trade on sentiment, which by the looks of the chart and from what I've been observing, is about 50/50. {image}

Still inside yesterdays range that we mentioned needs to break on either side 1500 and 1512......
The daily closes above the 1500 handle still showing bulls intent to defend the daily bull area and the last line of defence still sits at 1485 handle.
H1 is still bearish and H4 is busy crossing and turning bearish.


H1 Sell Zone:1506.54 - 1508.98
H4:Neutral to Bearish at 1512
D1: Buy Zone:1502.37 - 1508.55




Intra day levels
Upside
1525.81
1521.11
1516.70
1512.18
1509.34

Downside
1504.87
1500.38
1497.56
1493.04
1485.62



Last day of the week, trade safe and green....
4&1 All Time Profit: $37,496
  • #52,940
  • Sep 26, 2019 10:02pm Sep 26, 2019 10:02pm
Quoting MzansiObi
{quote} Still inside yesterdays range that we mentioned needs to break on either side 1500 and 1512...... The daily closes above the 1500 handle still showing bulls intent to defend the daily bull area and the last line of defence still sits at 1485 handle. H1 is still bearish and H4 is busy crossing and turning bearish. H1 Sell Zone:1506.54 - 1508.98 H4:Neutral to Bearish at 1512 D1: Buy Zone:1502.37 - 1508.55 Intra day levels Upside 1525.81 1521.11 1516.70 1512.18 1509.34 Downside 1504.87 1500.38 1497.56 1493.04 1485.62 Last day of the week, trade...
It's amazing how narrow of a range gold is trading in. This isn't the gold we've been trading for the past few months. Patience is a virtue!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
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