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

  • #54,421
  • Edited 12:11pm Apr 14, 2020 5:42am | Edited 12:11pm
This is also an interesting one. H4 intraday
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  • #54,422
  • Apr 14, 2020 7:40pm Apr 14, 2020 7:40pm
Is that a valid head and shoulders on silver? m15
  • #54,423
  • Apr 14, 2020 7:50pm Apr 14, 2020 7:50pm
Quoting FloatingCha
did Gold always run with a Real moment of the world economic .... more than people fighting or bank fighting ?
Banks and retail traders trade/invest in gold, so current prices always reflect all available information as well as future expectations. But I'm not sure I fully understood your question.
We must learn who is gold, and who is gold plated
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  • #54,424
  • Apr 14, 2020 7:56pm Apr 14, 2020 7:56pm
Quoting HDSman
Is that a valid head and shoulders on silver? m15
I'm no technical trader but I'm not seeing it (CME GC):
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We must learn who is gold, and who is gold plated
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  • #54,425
  • Apr 14, 2020 8:17pm Apr 14, 2020 8:17pm
Quoting EventsTrader
{quote} I'm no technical trader but I'm not seeing it (CME GC): {image}
I was referring to SILVER USD
  • #54,426
  • Apr 14, 2020 10:55pm Apr 14, 2020 10:55pm
Am I crazy to think gold will hit 10k this year?

I've been saying this for a while now.

I think hitting $3200 is inevitable though especially in these times.

$1600 is the new bottom for now.
  • #54,427
  • Apr 15, 2020 5:43am Apr 15, 2020 5:43am
Quoting tush1822
{quote} an Update. Technical- the rising wedge didnt work, the PA has broken upside and close above 1704 . It now looks like green signal to reach up to 1800 Fundamental- WHO says they are unclear whether recovered patient are immune to second infection. This has triggered the breakout. I think till Chinese Trade data (tentative) or till Core retail sales data, PA will try to consolidate at the breakout level of 1700-1710. {image}
an Update
USD> traders are waiting for retail sales figures ( 1330 GMT) > no sellers > Dollar index is appreciated by 0.5% since Tokyo session.
at the same time Japanese Yen (JPY) also appreciated all across the board. Which is conflicting. It indicates > flight to safety is still on.

Technically , Gold is consolidating from yesterday's high of 1747, broken minor trend lines.
Depends on the Retail sales figures if US close above 1700 will retest 1747 again, close below 1700 expose to further correction between (1670-1690)
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  • #54,428
  • Apr 15, 2020 4:34pm Apr 15, 2020 4:34pm
Quoting HDSman
{quote} I was referring to SILVER USD
That makes more sense. Here's the pic. I'm not sure if I'm seeing it clearly but it could be there.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,429
  • Apr 15, 2020 8:41pm Apr 15, 2020 8:41pm
Quoting EventsTrader
{quote} I'm no technical trader but I'm not seeing it (CME GC): {image}
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  • #54,430
  • Apr 16, 2020 3:52am Apr 16, 2020 3:52am
Gold most likely going to break higher today. Looking good for a buy. $1750 targets
  • #54,431
  • Apr 16, 2020 4:22am Apr 16, 2020 4:22am
Quoting viptrading
Gold most likely going to break higher today. Looking good for a buy. $1750 targets
Not sure if it will break that today but it sure seems to rise towards it Seems somewhat "shy" atm, but the rise is there, we can feel it right
Can you afford to take that chance?
  • #54,432
  • Edited 5:11am Apr 16, 2020 4:44am | Edited 5:11am
Quoting tush1822
{quote} an Update USD> traders are waiting for retail sales figures ( 1330 GMT) > no sellers > Dollar index is appreciated by 0.5% since Tokyo session. at the same time Japanese Yen (JPY) also appreciated all across the board. Which is conflicting. It indicates > flight to safety is still on. Technically , Gold is consolidating from yesterday's high of 1747, broken minor trend lines. Depends on the Retail sales figures if US close above 1700 will retest 1747 again, close below 1700 expose to further correction between (1670-1690) {image}
an Update,
Technical :- At H4 levels, the consolidation broke out at 1715 in London session. Technical target is 1737.
Fundamental: Retail sales figures (15/04/2020 , 1330 GMT) were close to prediction as a result , DAX rose from 98.8 to 100.22, > Gold slipped from (1722-1712). However at the end of US session , Dollar sold heavily (DAX slipped from 100.22 to 99.57) which limited the Gold down side.

I believe that somehow US govt will now intervene to keep the DAX below 100 ( personal view can be contended) which will result the Gold appreciation.

Unemployment claims I think will not have any effect from now on. Order of 5-6 million weekly claims is now new normal.

All points are indicating the upside to the Gold.
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  • #54,433
  • Apr 16, 2020 4:55pm Apr 16, 2020 4:55pm
Any ideas for this maping on gold ?
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  • #54,434
  • Apr 16, 2020 9:38pm Apr 16, 2020 9:38pm
1,924 is the all-time high on gold... I'll be amazed if we don't retest that in the next few months. My plan is to hold until at least 2,300 actually, but the all-time high is gold's next real test.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #54,435
  • Apr 17, 2020 2:38am Apr 17, 2020 2:38am
Quoting tush1822
{quote} an Update, Technical :- At H4 levels, the consolidation broke out at 1715 in London session. Technical target is 1737. Fundamental: Retail sales figures (15/04/2020 , 1330 GMT) were close to prediction as a result , DAX rose from 98.8 to 100.22, > Gold slipped from (1722-1712). However at the end of US session , Dollar sold heavily (DAX slipped from 100.22 to 99.57) which limited the Gold down side. I believe that somehow US govt will now intervene to keep the DAX below 100 ( personal view can be contended) which will result the Gold appreciation....
an Update
A wild card by Trump and Drug.
Fundamental: Job losses were closed to prediction, 6 pm EST (16/04/2020) Trump announced to open the economy selectively. And some drug is showing effectiveness on Corona Virus Treatment.
Technically: Both news combined produced the gap down at Tokyo open, DJIA surged. Gold H4 level breakout happened in London session.
Next support looks like at around 1650
if close below 1700 today, next week it may drive the RISK OFF Sentiment.

Trade safe, looks volatile situation today, Trade only if you are convinced!!
Cheers
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  • #54,436
  • Apr 17, 2020 6:32am Apr 17, 2020 6:32am
#GOLD / Weekly & H4
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  • #54,437
  • Apr 19, 2020 9:37am Apr 19, 2020 9:37am
Quoting vikinsa
{quote} Max peak price on my long position.
I went short on gold from 1743. Here is my analysis:

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Technical Analyst & Trader @ Vikinsa
  • #54,438
  • Apr 19, 2020 3:15pm Apr 19, 2020 3:15pm
If you are tracking Gold/USD this week consider this technical perspective. In spite of the recent decline, the XAUUSD is still technically in an uptrend mode. On the daily time frame, price action is parabolic and an active rising trendline (black) is too steep, potentially susceptible to a breakdown. The technical pattern on the daily time frame suggests a bearish mode in the offing. Should the trendline be significantly broken down on a daily closing basis, I will look for a sell trading opportunity.

I may be wrong. Stay safe, trade safe.

KP

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Do your homework, follow the footprints of smart money
  • #54,439
  • Apr 19, 2020 3:37pm Apr 19, 2020 3:37pm
Gold FPA analysis for tomorrow.

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  • #54,440
  • Apr 19, 2020 7:13pm Apr 19, 2020 7:13pm
Gold Analysis

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WARNING: This post warps space and time in its vicinity.
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