XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1792 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #35,821
  • May 2, 2016 8:41am May 2, 2016 8:41am
i meant if 1304 resistance is not broken. as i am short from 1303 with stop loss at 1306
Quoting stylinex
{quote} You mean "Reject"?
  • #35,822
  • May 2, 2016 8:43am May 2, 2016 8:43am
Quoting Fadhl
It's just a retracement. Gold is up up up! Major markets are closed more/less this week; no liquidity to reverse the uptrend movement of gold.
is this all u depend on for saying gold is up?
newbies logic is old
Investing is SIMPLE but NOT EASY
  • #35,823
  • May 2, 2016 8:56am May 2, 2016 8:56am
Quoting Fadhl
{quote} I don't know about the exact time to move up; but what I think that no bears to defend their territory, therefore the up movement might be very smooth, easy so what.
yeah, my timing was a bit off: too early but got a good price for entry, maybe we do see new highs today before lunch ...
  • #35,824
  • May 2, 2016 8:56am May 2, 2016 8:56am
Quoting Moly_Cam5
{quote} is this all u depend on for saying gold is up? newbies logic is old
Agree; I'm one of newbies.
  • #35,825
  • May 2, 2016 9:02am May 2, 2016 9:02am
Quoting Fadhl
{quote} Agree; I'm one of newbies.
welcome sure, not just post emotion posts for your wishing trades way
provide reasons otherwise this is spam posts
GL
Investing is SIMPLE but NOT EASY
  • #35,826
  • May 2, 2016 9:11am May 2, 2016 9:11am
Hello guys, I am also a new trader.
I think that the gold at the moment is going down to around 1239-1240 at least. It bounced off the 50-200EMA cross at 4h which acted as a resistance.
  • #35,827
  • May 2, 2016 9:16am May 2, 2016 9:16am
Nearly the same?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20160502-211455.png Size: 150 KB
row row row your boat
  • #35,828
  • May 2, 2016 9:18am May 2, 2016 9:18am
Quoting Moly_Cam5
{quote} welcome sure, not just post emotion posts for your wishing trades way provide reasons otherwise this is spam posts GL
I do not have to repeat my reasons in every post. This said, in terms of TA, Gold had full five days up trend as USD weakened (full 5 days, too). In terms of context, most of the markets are/will be closed this week. Hence, no liquidity to change the uptrend direction. By Wednesday, if not Friday, things might change in correlation with $; it depends on data.
This is my view. What is your view now?
  • #35,829
  • May 2, 2016 9:23am May 2, 2016 9:23am
Quoting Fadhl
{quote} I do not have to repeat my reasons in every post. This said, in terms of TA, Gold had full five days up trend as USD weakened (full 5 days, too). In terms of context, most of the markets are/will be closed this week. Hence, no liquidity to change the uptrend direction. By Wednesday, if not Friday, things might change in correlation with $; it depends on data. This is my view. What is your view now?
what kinda of markets will be closed?
this week full of news and no one can predict it like u sayin

my view is i cant even say the price will be up for (five days too like u said) cause the news and the big money will be in the game
that mean no one will get the ideal idea of the moving market though the signals and the intact patterns will drive us
the long correction down move is in the general view for me, but how much the price will up that is the do of the market will say
HF
Investing is SIMPLE but NOT EASY
  • #35,830
  • May 2, 2016 9:31am May 2, 2016 9:31am
[quote=Moly_Cam5;8904075]{quote} what kinda of markets will be closed? this week full of news and no one can predict it like u sayin my view is i cant even say the price will be up for (five days too like u said) cause the news and the big money will be in the game that mean no one will get the ideal idea of the moving market though the signals and the intact patterns will drive us the long correction down move is in the general view for me, but how much the price will up that is the do of the market will say HF[/quote
I​ used the past tense ("gold had full five days.."); I mean last week.
  • #35,831
  • May 2, 2016 9:36am May 2, 2016 9:36am
just noticed I read today totally wrong, this was a good day to go short and I know why too now ...
well you live and you learn ...
  • #35,832
  • May 2, 2016 9:37am May 2, 2016 9:37am
Quoting Fadhl
Quoting Moly_Cam5
{quote} what kinda of markets will be closed? this week full of news and no one can predict it like u sayin my view is i cant even say the price will be up for (five days too like u said) cause the news and the big money will be in the game that mean no one will get the ideal idea of the moving market though the signals and the intact patterns will drive us the long correction down move is in the general view for me, but how much the price will up that is the do of the market will say HF[/quote I​ used the past tense
...
then the rest of my post still need response if u like
otherwise we are watching the market
GL HF
Investing is SIMPLE but NOT EASY
  • #35,833
  • May 2, 2016 9:06pm May 2, 2016 9:06pm
he supply and demand fundamentals for gold by investors improving every quarter in favour of a rising gold price, it would be disingenuous and shortsighted to think of the gold price as toppy, even after the 25 per cent rise so far this year. If the deterioration of macro-economic fundamentals is the catalyst for investors’ preference for gold over sovereigns, then the stagnation of lending in the ECB, China and the U.S. also points to a higher gold price.. . Given that the debt to GDP ratio of most of the developed world hovers around and over 100 per cent, it is increasingly the opinion of economists that these debts have reached unrealistic levels, and the only recourse is going to be a financial system reset characterized by a massive and multi-lateral forgiveness of debt. All of which points to a much higher gold price.
  • #35,834
  • May 3, 2016 1:43am May 3, 2016 1:43am
long from 1291.20
  • #35,835
  • May 3, 2016 2:48am May 3, 2016 2:48am
did a slight add (one fourth of my original position) at 1299
  • #35,836
  • May 3, 2016 2:59am May 3, 2016 2:59am
if it cracks 1320 longs will win, if it respects 1310 by New York close down could be the order of the days to come.
ATM watching from the sidelines with a view to the trendline from the top that comes through just above 1400.
Also looking at the weekly SMA EMA 200's which this is between, it really could go either way.
  • #35,837
  • May 3, 2016 3:42am May 3, 2016 3:42am
Quoting kasra79
{quote} Target ounces in 1160 to see {image}
HI
Channel resistance was broken roof in the previous chart, you'll see the goals in the new chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1391.gif Size: 118 KB
  • #35,838
  • May 3, 2016 4:05am May 3, 2016 4:05am
exited all at 1300 ... now waiting for US session ...
  • #35,839
  • May 3, 2016 4:10am May 3, 2016 4:10am
Quoting kasra79
{quote} HI Channel resistance was broken roof in the previous chart, you'll see the goals in the new chart {image}
I was looking at that trendline earlier along with the fact 200 SMA and EMA are around the current price (above and below)
  • #35,840
  • May 3, 2016 5:01am May 3, 2016 5:01am
I am considering opening shorts, 1300 is a very strong resistance level.
275 traders viewing now