P.S. Trade with the discipline of Money Management and Risk Management.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #53,982
- Dec 12, 2019 2:13am Dec 12, 2019 2:13am
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
Many traders died on the battle filed yesterday, FOMC was da bomb! It was a severe war.
But, we stayed alive.
Practice good money management to stay alive.
But, we stayed alive.
Practice good money management to stay alive.
Learn... Work Hard... Trade Alone
- #53,990
- Dec 13, 2019 12:17am Dec 13, 2019 12:17am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#GOLD / H4 / Four Counters 
#GOLD / H4 / Four Counters {image}{image}{image}{image}
Self-sufficiency is the greatest of all wealth. - Epicurus
- #53,993
- Dec 16, 2019 8:14pm Dec 16, 2019 8:14pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
Monday's volume suggests liquidity may be drying up ahead of the holidays. If this continues, it's probably smart to be extremely cautious until the new year. We'll get a better understanding when there are some more significant data releases.
The graph below shows volume. As you can see it's the lowest volume in a day (CME GC) that we've had for quite some time. 
The graph below shows volume. As you can see it's the lowest volume in a day (CME GC) that we've had for quite some time.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #53,996
- Dec 17, 2019 2:14am Dec 17, 2019 2:14am
This is my first time to post something in Forexfactory. Here is my analysis about Gold market. I hope you like it.
In daily chart , market shows us a bearish trend line clearly. At the same time, there are two bearish bat patterns in one hour chart. The first one is the green one, it provides potential reversal level (PRZ) from 1481 to 1480, another one is the yellow one, it provides PRZ is 1484. I will use 1484 as my sell order entry price because I want the best risk reward ratio from this chart. If the market breaks those PRZ later, I will post my other bearish bat pattern in the longer time frame charts until the market breaks the highest point (~1555) in daily chart .
In daily chart , market shows us a bearish trend line clearly. At the same time, there are two bearish bat patterns in one hour chart. The first one is the green one, it provides potential reversal level (PRZ) from 1481 to 1480, another one is the yellow one, it provides PRZ is 1484. I will use 1484 as my sell order entry price because I want the best risk reward ratio from this chart. If the market breaks those PRZ later, I will post my other bearish bat pattern in the longer time frame charts until the market breaks the highest point (~1555) in daily chart .
- #53,997
- Dec 17, 2019 2:21am Dec 17, 2019 2:21am
I also waiting a buying opportunity in Sliver market. Here is my analysis.
A bullish bat pattern is waiting to complete in daily chat, it provides potential reversal level (PRZ) from 15.55 to 15.20. At the same time, there is an AB=CD pattern in the same chart, it provides a PRZ (around 15.55), which is similar to the bat pattern's PRZ.
A bullish bat pattern is waiting to complete in daily chat, it provides potential reversal level (PRZ) from 15.55 to 15.20. At the same time, there is an AB=CD pattern in the same chart, it provides a PRZ (around 15.55), which is similar to the bat pattern's PRZ.
