XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2796 | Crypto Craft

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

  • #55,901
  • Oct 8, 2021 9:31am Oct 8, 2021 9:31am
Quoting EventsTrader
Well, that deescalated quickly. Gold futures now below pre-NFP levels. {image}
Silver is holding up much better than gold, which as I've been pointing out for probably over a year now, is bullish for precious metals as a group. Unless silver starts to under perform relative to gold, I don't see this sell off continuing.

Also, probably not a market mover, but Biden is due to remark on the employment report at 11:30am ET.

Here's a gold/silver overlay (CME futures) on the 5 min chart:
Attached Image (click to enlarge)
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #55,902
  • Oct 8, 2021 9:40am Oct 8, 2021 9:40am
Big boy all dump ...
  • #55,903
  • Oct 8, 2021 12:00pm Oct 8, 2021 12:00pm
gold is resting on support trendline currently. not a believer it's going to hold and will drop through later today or monday imo.

my target? 1741.772 in the first instance.
Attached Image (click to enlarge)
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In tea leaves we trust!
  • #55,904
  • Oct 10, 2021 12:34pm Oct 10, 2021 12:34pm
Quoting Mcbeaners
gold is resting on support trendline currently. not a believer it's going to hold and will drop through later today or monday imo. my target? 1741.772 in the first instance. {image}
short term break of above mentioned trendline. no biggie really, only interesting if that TL becomes resistance, even on the 5min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-10-10_13-33-33.png Size: 222 KB
In tea leaves we trust!
  • #55,905
  • Oct 10, 2021 8:27pm Oct 10, 2021 8:27pm
Quoting Mcbeaners
{quote} short term break of above mentioned trendline. no biggie really, only interesting if that TL becomes resistance, even on the 5min chart. {image}
closed for some profit, looks like typical monday rise and fall on tuesday (probably).

interesting to note the dec contract runs about 20 cents above spot. shows how bearish it is.
In tea leaves we trust!
  • #55,906
  • Oct 11, 2021 9:32pm Oct 11, 2021 9:32pm
I think gold bearish is done for now.. let see 1782 area reaction..further up or down.
  • #55,907
  • Edited 9:13am Oct 13, 2021 8:54am | Edited 9:13am
Quoting Ksth
I think gold bearish is done for now.. let see 1782 area reaction..further up or down.
Woohoo nice bullish. Haha.. now let see reaction 1783 . Let see can break 1800..
Remember put sl 1783 later before fomc.. protect winning.. Hahaha
  • #55,908
  • Oct 15, 2021 3:19am Oct 15, 2021 3:19am
1788 another buy .. sl1783.. tp ownself aim
  • #55,909
  • Oct 19, 2021 7:46am Oct 19, 2021 7:46am
took a long on silver here @ 24.002 ish

looking for 24.21
In tea leaves we trust!
  • #55,910
  • Oct 19, 2021 8:37am Oct 19, 2021 8:37am
Quoting Mcbeaners
took a long on silver here @ 24.002 ish looking for 24.21
probably now going to hold this a little more then 24.21

we'll see.
In tea leaves we trust!
  • #55,911
  • Oct 19, 2021 9:54am Oct 19, 2021 9:54am
Quoting Mcbeaners
{quote} probably now going to hold this a little more then 24.21 we'll see.
this trade has now become something else. cummlative delta is keeping me in long. i was just looking for a quick pump and dump.

i think we have to wait for the dollar fix (which is in 5m i believe).

my guess is silver will go higher then i inital idea like 24.50 ish maybe.
In tea leaves we trust!
  • #55,912
  • Oct 19, 2021 12:33pm Oct 19, 2021 12:33pm
Quoting Mcbeaners
{quote} this trade has now become something else. cummlative delta is keeping me in long. i was just looking for a quick pump and dump. i think we have to wait for the dollar fix (which is in 5m i believe). my guess is silver will go higher then i inital idea like 24.50 ish maybe.
well not the best trade, entry very poor. that said i'll probably see my money back and then some. fingers crossed,

doubt this will move until the asian session. we'll see.
In tea leaves we trust!
  • #55,913
  • Oct 20, 2021 7:22am Oct 20, 2021 7:22am
well, not going to that again. way too painful. hopefully the reward is worth it.

24.91 is the min target with some back and forth at 24.16
Attached Image (click to enlarge)
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In tea leaves we trust!
  • #55,914
  • Oct 20, 2021 11:56am Oct 20, 2021 11:56am
Quoting Mcbeaners
well, not going to that again. way too painful. hopefully the reward is worth it. 24.91 is the min target with some back and forth at 24.16 {image}
did what i said it would re 24.16 now on to 29.91 ....
Attached Image (click to enlarge)
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In tea leaves we trust!
  • #55,915
  • Oct 21, 2021 6:36am Oct 21, 2021 6:36am
stepped out, not sure what is going on with the dollar.
In tea leaves we trust!
  • #55,916
  • Oct 21, 2021 6:38am Oct 21, 2021 6:38am
will gold fly or will it sink, the world may never know~
  • #55,917
  • Oct 22, 2021 9:28am Oct 22, 2021 9:28am
hmm forgot about this one... damn.

i need a couple more screens
Attached Image (click to enlarge)
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In tea leaves we trust!
  • #55,918
  • Oct 22, 2021 10:37am Oct 22, 2021 10:37am
Gold falling off a cliff right now on Powell's comments. CME GC:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #55,919
  • Oct 22, 2021 11:24am Oct 22, 2021 11:24am
Quoting EventsTrader
Gold falling off a cliff right now on Powell's comments. CME GC: {image}
fell short of my target. i could adjust the fibs to find the high. put it down the orb of things.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-10-22_12-22-47.png Size: 221 KB
In tea leaves we trust!
  • #55,920
  • Oct 25, 2021 11:57am Oct 25, 2021 11:57am
Attached Image (click to enlarge)
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XAGUSD
Previously the red circle was a false signal from double bottom. After which it dropped lower.

Now there is this white circle; will this continue to go up to $28.xx or is another false signal?
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