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

  • #54,001
  • Dec 17, 2019 11:42am Dec 17, 2019 11:42am
Quoting KaiMan.
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...
Welcome to the jungle...lol...
anyway nice post..
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -717
  • #54,002
  • Dec 17, 2019 3:37pm Dec 17, 2019 3:37pm
Quoting Mr.Metal
Hey guys, been quite busy, its been so long I have been away from the thread. I also believe gold must go down, no point going up.
Welcome back Mr. Metal! Why do you think gold must go down? There's still quite a bit of uncertainty after Phase 1 of the US-China trade deal. Brexit is coming as well. Gold doesn't look as attractive as it once did earlier in the year, but it's still the safest investment in an uncertain world.

Quoting tush1822
{quote} I am also short since last two days. Volume is low that the reason I am expecting PA to drop till 1458 range. Not sure when. there is no reason to go up.
Tush, you don't think UK PM Johnson's aggressive push towards leaving the EU is gold positive? I do. I also agree with your point about this low volume. There's a greater chance of some gold unwinding before the years end. However, we might not see much of a move in the markets from now until the start of the new year.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,003
  • Dec 17, 2019 6:33pm Dec 17, 2019 6:33pm
Gold volatility hit a cyclical low earlier this year and exploded up in May once this rally commenced. I just checked to see how gold volatility was doing and it has almost fully retraced!

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I previously thought the gold volatility rally represented a paradigm shift, but now that it has retraced I'm wondering if gold will retrace too. If nothing else I'm definitely less bullish on gold after seeing this.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #54,004
  • Dec 17, 2019 6:40pm Dec 17, 2019 6:40pm
Second day in a row we've seen really low volume. Traders might already be on vacation. One more day to confirm IMO.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,005
  • Edited 9:36pm Dec 17, 2019 9:07pm | Edited 9:36pm
Buy @ 1476 Tp 1493
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  • #54,006
  • Dec 17, 2019 11:26pm Dec 17, 2019 11:26pm
Inserted Video
  • #54,007
  • Dec 18, 2019 3:36am Dec 18, 2019 3:36am
Hello people, glad ive found thread about precious metal gold... Wish everyone happy hunting, and enjoy the day .
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #54,008
  • Dec 18, 2019 3:45am Dec 18, 2019 3:45am
Quoting EventsTrader
{quote} Welcome back Mr. Metal! Why do you think gold must go down? There's still quite a bit of uncertainty after Phase 1 of the US-China trade deal. Brexit is coming as well. Gold doesn't look as attractive as it once did earlier in the year, but it's still the safest investment in an uncertain world. {quote} Tush, you don't think UK PM Johnson's aggressive push towards leaving the EU is gold positive? I do. I also agree with your point about this low volume. There's a greater chance of some gold unwinding before the years end. However, we might...
Hi, Mate, this time I am going mostly with technicals. Weekly chart in the breakout retesting mode, Daily chart showing perfect downward channel with big bearish engulfing candle.
Fundamentally, definitely all situations have improved. There is no risk of downside at least for now. As per.my observation through 2019, BREXIT had very little effect of Gold PA, it affected only when key legislations were passed. Moreover, Mr Johnson is now into standard negotiation tactics mode. Hard brexit chances are close.to none.

US china deal is something better than nothing.
EU PMIs will improve on short term as result of stimulus interest rates.
Only thing I am not bought into the effect of Trump's impeachment.
  • #54,009
  • Dec 18, 2019 4:04am Dec 18, 2019 4:04am
Quoting tush1822
{quote} Hi, Mate, this time I am going mostly with technicals. Weekly chart in the breakout retesting mode, Daily chart showing perfect downward channel with big bearish engulfing candle. Fundamentally, definitely all situations have improved. There is no risk of downside at least for now. As per.my observation through 2019, BREXIT had very little effect of Gold PA, it affected only when key legislations were passed. Moreover, Mr Johnson is now into standard negotiation tactics mode. Hard brexit chances are close.to none. US china deal is something...
Where are you looking big bearish engulfing candle? Do you mean coming candles? What about your stop loss to prevent possible spike?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #54,010
  • Dec 18, 2019 4:31am Dec 18, 2019 4:31am
Gold, M15
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Price reaching previous resistance zones

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We err, and err, and err again, but less.
  • #54,011
  • Dec 18, 2019 7:28am Dec 18, 2019 7:28am
gold going1470 baby...
  • #54,012
  • Dec 18, 2019 10:14am Dec 18, 2019 10:14am
Quoting farukh
{quote} Where are you looking big bearish engulfing candle? Do you mean coming candles? What about your stop loss to prevent possible spike?
The engulfing candle I am referring is Daily in 12/12/2019
Hi Farukh, I have closed the positions at 1472 , I kept the sl at 1480. Apologies could not reply before. I dont seat on computer once I take position!!!
I may enter again at 1477.
Any study on Trumps's impeachment ? Its causing today's volatility, I guess.
  • #54,013
  • Dec 18, 2019 10:31am Dec 18, 2019 10:31am
Quoting tush1822
{quote} The engulfing candle I am referring is Daily in 12/12/2019 Hi Farukh, I have closed the positions at 1472 , I kept the sl at 1480. Apologies could not reply before. I dont seat on computer once I take position!!! I may enter again at 1477. Any study on Trumps's impeachment ? Its causing today's volatility, I guess.
Hi Tush, well its good not to sit on computer after taking position. I am still keeping my short from 1478. Recent sudden pull back is may be due to impeachment but I think it will cause similar volatility in small intervals. after all its all drama, we can't expect Trump leaving president ship due to impeachment.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #54,014
  • Dec 18, 2019 10:43am Dec 18, 2019 10:43am
Quoting farukh
{quote} Hi Tush, well its good not to sit on computer after taking position. I am still keeping my short from 1478. Recent sudden pull back is may be due to impeachment but I think it will cause similar volatility in small intervals. after all its all drama, we can't expect Trump leaving president ship due to impeachment.
I think same so on impeachment. Lets see what happens today. I am also short. my target is 1450 by at least first week of Jan.
  • #54,015
  • Dec 18, 2019 10:58am Dec 18, 2019 10:58am
How about quantum dynamics/random walk theory on gold price fluctuations?
"Shout-out: GoldTrader (GT) - Quad G - Cyclist - Rodin - Kuth"
  • #54,016
  • Dec 18, 2019 11:23am Dec 18, 2019 11:23am
Quoting tush1822
{quote} I think same so on impeachment. Lets see what happens today. I am also short. my target is 1450 by at least first week of Jan.
May God with us for that 1450
first 1462 is to be broken that may give tough time
P.S. Trade with the discipline of Money Management and Risk Management.
  • #54,017
  • Dec 18, 2019 5:07pm Dec 18, 2019 5:07pm
Gold daily volume has been low for the third straight day. I don't see any major moves happening until after the holiday season.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,018
  • Dec 18, 2019 5:10pm Dec 18, 2019 5:10pm
Quoting EventsTrader
Gold daily volume has been low for the third straight day. I don't see any major moves happening until after the holiday season. {image}
seems right mate merry christmas to you
people leave, but this thread will go on for ever
  • #54,019
  • Dec 18, 2019 5:11pm Dec 18, 2019 5:11pm
Quoting Aussi
{quote} seems right mate merry christmas to you
Merry Xmas Aussi and all the best for the new year!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,020
  • Dec 18, 2019 5:13pm Dec 18, 2019 5:13pm
Quoting Aussi
{quote} seems right mate merry christmas to you
Get the Gold Detector out Aussi if you wish to get some gold .
R
Ronnie Renko
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