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

  • #53,281
  • Oct 8, 2019 9:52am Oct 8, 2019 9:52am
I am long since 1292.60, looking to exit at new highs
MTF PA with indicators = a winning team
  • #53,282
  • Oct 8, 2019 10:31am Oct 8, 2019 10:31am
Quoting notyetthere
I am long since 1292.60, looking to exit at new highs
added to my long here at 1503.95
MTF PA with indicators = a winning team
  • #53,283
  • Oct 8, 2019 2:05pm Oct 8, 2019 2:05pm
I've bought from @1499.69... to close to FED speeches for my liking... , anyhow I got lucky.
There was a lot of Confluence, M15, H1, H4 200 Ema, Daily pivot, 50% Fib retrace from previous impulse.
cheers
Attached Image (click to enlarge)
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  • #53,284
  • Oct 8, 2019 2:09pm Oct 8, 2019 2:09pm
take care... gold will down I think.
  • #53,285
  • Oct 8, 2019 2:13pm Oct 8, 2019 2:13pm
Quoting Tragruel
I've bought from @1499.69... to close to FED speeches for my liking... , anyhow I got lucky. There was a lot of Confluence, M15, H1, H4 200 Ema, Daily pivot, 50% Fib retrace from previous impulse. cheers {image}
Nice man, I concur with the UP Yeah, FED speeches are making anyone nervous, that's why there is a STALL again... I mean, I hope market wont be like this for the whole 3 weeks...

Anyway... US did appear to lose some strength.. now regained it back a little.. would like for it to lose it some more... or in other words.. eurusd to go to like 1.1040...
so it can drop to 1.1000 till the end of the month... at which time we might have an epic HALLOWEEN party tnx to FED (although it my be HALLO_WEED for them - judging from the stoned decision they will be making, I suspect... CUTING the... )... It will really be the (trend) CROSSOVER day maybe for markets.. EXCEPT for GOLD that might go UP regardless If there is something I do not see any lack of.. is uncertainty and (major) countries piling up gold... And just check the gold vs population, just to name a few... BRICS+T going crazy for it... just to name a few... All other things are temp down... I see nothing but BRIGHT future for gold Some things are just TIMELESS....

Goldfinger: "This is gold, Mr. Bond. All my life I've been in love with its color. Its brilliance. It's divine heaviness."
Can you afford to take that chance?
  • #53,286
  • Oct 8, 2019 2:27pm Oct 8, 2019 2:27pm
Quoting notyetthere
I am long since 1292.60, looking to exit at new highs
Well that is a helluva swing! Nice.
If in doubt, paddle out!
  • #53,287
  • Oct 8, 2019 3:25pm Oct 8, 2019 3:25pm
If you zoom out daily time frame, it's been consolidating in range 1480 to 1520 since 9th of September i.e. one month

Any breakout above 1535 or below 1458 will define further direction
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,288
  • Oct 8, 2019 6:35pm Oct 8, 2019 6:35pm
Quoting Tragruel
I've bought from @1499.69... to close to FED speeches for my liking... , anyhow I got lucky. There was a lot of Confluence, M15, H1, H4 200 Ema, Daily pivot, 50% Fib retrace from previous impulse. cheers {image}
actually this one worked great, DXY is/was stuck at resistance, I'm not sure I'm right about this, but I look at DXY and it give me more/less confidence with the trade I'm about to open on Gold.
But basically, this was triggered by MzansiObi H1 buy zone, I just watch the pre-cited confluences as a great guide.
Peace.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD-2.png Size: 53 KB
Attached Image
  • #53,289
  • Oct 8, 2019 8:32pm Oct 8, 2019 8:32pm
Xau / eur... xau / aud maybe down.. I go wait more to sell Xau/ usd
Take care with breakouts ... they always occur, at the top mostly to catch stop loss ... S&P will probably go up, and with dxy falling I don't know how gold will look.
  • #53,290
  • Oct 8, 2019 8:35pm Oct 8, 2019 8:35pm
It's not a very busy week for the economic calendar but the FOMC Meeting Minutes always has potential to move the markets.

Get ready for tomorrow and check it out when you get a chance FOMC Meeting Minutes - October
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #53,291
  • Oct 8, 2019 9:18pm Oct 8, 2019 9:18pm
09/10/19
Morning Traders

As things stand Price is back above 1500 mark on a closing basis and testing the neckline area of the inside pattern thats formed on the H4 chart, the right shoulder is in place and will need a breakout above 1510 will further validate this setup and bring back the H4 bulls into the picture more clearly,
The inability to break and close above the 1510 handle resistance on an hourly basis has been the core reason as to why the zones have been rather flat and neutral(H4 and D1) keeping us below the weekly open, showing that we are currently trading in a range, and the H1 zone seems to clear up once the bias of the day gets going....with that said, buying near the range ceiling with caution and banking in some profits is preferred up until London session opens and then we look to follow their intra day directional bias....For now,

H1: Bullish and Buy: Buy Zone: 1501.1 - 503.44
H4: Neutral to bullish: Buy Zone:1499.16 - 1500.87
D1: Neutral.


Intra day Zone
Upside
1536.20
1526.88
1521.71
1514.30
1508.97


Downside
1501.10
1498.32
1495.62
1491.70
1485.97




Green Pips to you all
4&1 All Time Profit: $37,496
  • #53,292
  • Oct 8, 2019 9:51pm Oct 8, 2019 9:51pm
Quoting MzansiObi
{quote} Bit of an update, Just some perspective of where we have come.... London buying off of the immediate support zone, thats the next tick that supports the inverted HnS setup outlook, next we need to get some closes above the intra day levels patience needs to be exercised, any buying from here requires proper risk management... Have updated the H4 chart that outlined the Bigger picture of the HnS pattern that played out....price action is busy forming yet another pattern, outlined with the magenta and have attached it for perspective, .....Trade...
Just a follow up on the previous H4 chart with the right shoulder level that we traded yesterday, PA seems to have formed another inside pattern off of the H1 chart, where it is using the H4 shoulder level as a head level on the H1, so this lines up well with the H1 buy zones, with stops below the head of the H1 pattern given where price is at the moment....with that said, we still look towards the first hour of trading during the London Session

Trade Safe
Attached Images (click to enlarge)
https://www.metalsmine.com/attachmen...1&d=1570589403 https://www.metalsmine.com/attachmen...1&d=1570589404
4&1 All Time Profit: $37,496
  • #53,293
  • Oct 9, 2019 12:26am Oct 9, 2019 12:26am
GOLD AND SILVER ROCKS AGAIN TODAY ALSO---SEE TUESDAY'S BUY CALL 1STTTTTT

See…GOLD….made a [email protected] range again today also…..against [email protected] range again yesterday also on few hours ago—see tuesday's buy call 1st—what next???

R1 $1525.00
S1 $1495.00….GOLD.....TODAY

See…SILVER….made a [email protected] range again today also…..against [email protected] range again yesterday also on few hours ago—see tuesday's buy call 1st—what next???

R1 $18.090
S1 $17.390….SILVER.....TODAY
  • #53,294
  • Oct 9, 2019 12:45am Oct 9, 2019 12:45am
Quoting goldexpert
gold: October 08 review fed meeting will start at the end of this month. And chances of fed rate cut decision to 69.5% against 78% from last week. Traders always keep an eye at this time of global fears, us-china trade war uncertainty, hong kong drama. Safe heaven demands like gold, silver, uj and swiss franc traded positive at this time of situations. Dow 30 futures traded -32 points, down 0.12% range at early european hours and closed down trend monday also gold futures, december contract traded $1494.50 range, down -0.08 range at early european...

r1 and r2 hitted....what next???
  • #53,295
  • Oct 9, 2019 1:12am Oct 9, 2019 1:12am
still thinking that it will go down time will show
  • #53,296
  • Oct 9, 2019 1:52am Oct 9, 2019 1:52am
Quoting Tekin
still thinking that it will go down time will show
Price is at the upper range of daily downtrend, technically it would go down.

Larger move no body knows.. time tells
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,297
  • Oct 9, 2019 1:53am Oct 9, 2019 1:53am
Quoting Tekin
still thinking that it will go down time will show
i put a seel at 1506.95 stop is 1511

if it stops then il will look for 1543.85
  • #53,298
  • Oct 9, 2019 1:56am Oct 9, 2019 1:56am
Quoting farukh
{quote} Price is at the upper range of daily downtrend, technically it would go down. Larger move no body knows.. time tells
Alternately In my view , A break and close on 4 hour candle above 1509-1510 open way for 1518 then 1534 to 1548 and so on
  • #53,299
  • Oct 9, 2019 2:26am Oct 9, 2019 2:26am
Quoting Tekin
{quote} i put a seel at 1506.95 stop is 1511 if it stops then il will look for 1543.85
lets watch market today
  • #53,300
  • Oct 9, 2019 4:49am Oct 9, 2019 4:49am
hourly eveninig star doing it's job ... I have a target of 1497.80
MTF PA with indicators = a winning team
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