XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2742 | Crypto Craft

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

  • #54,821
  • Oct 29, 2020 7:46am Oct 29, 2020 7:46am
Quoting Fadhl
Main direction of Gold is LONG. We got a retrace. Gold reached 50% Fib. Expect a little bounce then a continuous of the retrace up to 1860. Between 1860 and 1872, it's a cheap ticket to go long for MT. We have risk in play with Covid obliging EUROPE to lockdowns and US Election. GL! {image}
So far Gold behaved as expected; we got a small bounce and a LL is underway. Watching 1860 for possible reverse.
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  • #54,822
  • Oct 29, 2020 7:58am Oct 29, 2020 7:58am
Quoting fxhell
xauusd price toward to 1890 next level {image}
my scalping xauusd
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  • #54,823
  • Oct 29, 2020 8:54am Oct 29, 2020 8:54am
oh! we do have a thread focusing on gold

i trade gold only
Intraday trader
  • #54,824
  • Oct 29, 2020 10:44am Oct 29, 2020 10:44am
Quoting fxhell
xauusd price toward to 1890 next level {image}
if price break 1860 next level 1850
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  • #54,825
  • Oct 29, 2020 10:58am Oct 29, 2020 10:58am
Quoting fxhell
{quote} if price break 1860 next level 1850 {image}
Yup. I see $1850 as a strong support level. Dollar strength is weighing on gold. Longer term fundamentals still support gold prices but we could be due for a shorter term correction. Here's that $1850 support level:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,826
  • Oct 29, 2020 11:02am Oct 29, 2020 11:02am
Quoting EventsTrader
{quote} Yup. I see $1850 as a strong support level. Dollar strength is weighing on gold. Longer term fundamentals still support gold prices but we could be due for a shorter term correction. Here's that $1850 support level: {image}
if price today closed around 1870 tomorrow will be 1850
  • #54,827
  • Oct 29, 2020 11:29am Oct 29, 2020 11:29am
Quoting fxhell
{quote} if price today closed around 1870 tomorrow will be 1850
The question we should ask is, where do we see the price closing?

I don't know, I still think we might close flat/green.
I will tear the world apart for you.
  • #54,828
  • Oct 29, 2020 11:38am Oct 29, 2020 11:38am
Near term first target for bulls 1875.
I will tear the world apart for you.
  • #54,829
  • Oct 29, 2020 5:20pm Oct 29, 2020 5:20pm
next level xauusd
1860-1855-1850
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  • #54,830
  • Oct 29, 2020 9:19pm Oct 29, 2020 9:19pm
Quoting Barnell
Near term first target for bulls 1875.
Done. Let's see where we go from here
I will tear the world apart for you.
  • #54,831
  • Oct 30, 2020 12:25am Oct 30, 2020 12:25am
Bulls need to keep this above 1875.
I will tear the world apart for you.
  • #54,832
  • Oct 30, 2020 8:08am Oct 30, 2020 8:08am
Gold, Bulls took control.
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We err, and err, and err again, but less.
  • #54,833
  • Oct 30, 2020 8:13am Oct 30, 2020 8:13am
FPA analysis indicates that gold will be affected by the result of the US election ... but mostly on the down side.

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  • #54,834
  • Oct 30, 2020 9:31am Oct 30, 2020 9:31am
Quoting fxhell
next level xauusd 1860-1855-1850 {image}
selling 1889 next level 1880-1870
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  • #54,835
  • Oct 30, 2020 9:42am Oct 30, 2020 9:42am
Moving sl to entry point
80% take profit
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  • #54,836
  • Oct 30, 2020 10:21am Oct 30, 2020 10:21am
[quote=Fadhl;13236114]Main direction of Gold is LONG. We got a retrace. Gold reached 50% Fib. Expect a little bounce then a continuous of the retrace up to 1860. Between 1860 and 1872, it's a cheap ticket to go long for MT. We have risk in play with Covid obliging EUROPE to lockdowns and US Election. GL! {image}

Quoting Fadhl
{quote} So far Gold behaved as expected; we got a small bounce and a LL is underway. Watching 1860 for possible reverse. {image}
Forecast from now until US Election:
Gold, in my view ended its MT Retrace, and in ST we got a HH (in play up to 1894). During the election we should have a HL toward the last breakout 1873. From this point, Gold is going to move up for its MT wave (above 2073).
Buy Limit at 1873 is a very cheap ticket for the projected targets. GL Everyone!
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  • #54,837
  • Oct 30, 2020 10:50am Oct 30, 2020 10:50am
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  • #54,838
  • Oct 30, 2020 10:59am Oct 30, 2020 10:59am
Next week we should see some significant volatility across all markets including gold.

On Nov 3rd we have the US election, which may end up dragging out unless a clear winner is announced.

Then, the FOMC meets on Nov 5th. While rates will remain the same keep your eye on the press conference and Powell's Q&A.

And no better way to end the week with NFP/Unemployment. I'd say for the foreseeable future that's where the focus will be while wage inflation takes a backseat.

Things are about to get interesting!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #54,839
  • Oct 30, 2020 11:26am Oct 30, 2020 11:26am
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  • #54,840
  • Nov 1, 2020 12:45am Nov 1, 2020 12:45am
UK lockdown...what will that mean for gold?

Also, is there a site where I can get pre-market quotes for gold? Thanks.
I will tear the world apart for you.
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