XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1848 | Crypto Craft

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

  • #36,941
  • Aug 10, 2016 2:39pm Aug 10, 2016 2:39pm
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Price is below weekly (down) and daily (up) trend lines so Im thinking I should try to short here, just waiting to see if gold can get closer to 1350 before I enter.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,942
  • Aug 10, 2016 7:44pm Aug 10, 2016 7:44pm
IMO recent price bars are always more important. On my H4 chart price is in between - at the moment:
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  • #36,943
  • Aug 10, 2016 8:06pm Aug 10, 2016 8:06pm
Quoting SunTrader
IMO recent price bars are always more important. On my H4 chart price is in between - at the moment: {image}
Dear Bro, we have same view @ H4, waiting for B/O.
Have a nice day to all traders.
  • #36,944
  • Aug 11, 2016 5:20am Aug 11, 2016 5:20am
at a weekly pivot point I think a move long have been rejected and now we are on a move down looking for daily pivot point at about 1338 ​
  • #36,945
  • Aug 11, 2016 5:31am Aug 11, 2016 5:31am
Quoting alayinizAMK
{quote} did not do well yesterday but if it works today or this week at all, d1 {image}
can reach 1338 pretty fast but closed what i got
huge disappointment, fck gold

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  • #36,946
  • Aug 11, 2016 5:46am Aug 11, 2016 5:46am
H4, same thoughts...
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  • #36,947
  • Aug 11, 2016 6:52pm Aug 11, 2016 6:52pm

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MarginTrader All Time Return: na
  • #36,948
  • Aug 11, 2016 9:30pm Aug 11, 2016 9:30pm
A lot of red lines. The purpose?
  • #36,949
  • Aug 11, 2016 10:36pm Aug 11, 2016 10:36pm
Quoting SunTrader
A lot of red lines. The purpose?
sequentially connecting "most recent" tops.. lines are getting steeper, signaling selling pressure
MarginTrader All Time Return: na
  • #36,950
  • Aug 11, 2016 10:58pm Aug 11, 2016 10:58pm
Quoting frx_trader
4 HR chart. Fib expansion: 61.8% @ 160; 50% @ 140; 38% @ 117. Note: Current price is below EMA 52. However, EMA 20 not yet crosses EMA 52. They will cross at about 147. Therefore: S/R at 117 / 147. {image}
Quoting frx_trader
Let's see. My S/R is still 1317/ 1347. These 2 numbers are set to be tested next week. It will test support point of 1320 and Resistant 145. Depends on Price Action.
I agree it's bullish. as long as 1310 is not broken. If 1310 is broken it can go back to 1270/1280. Further down to 1250.
Trade carefully. Watch out for bearish action.
Those were my last week posts : 37029 and 37043.

Below is this week PA 4 Hrs. I will take my to time to analyze. It is around Fib 50 % @ 1338.

Good luck
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  • #36,951
  • Aug 12, 2016 1:28am Aug 12, 2016 1:28am
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Gold has very big volatility and i think it shows to as aggression from seller. If i right, we will see 1310 very fast.
  • #36,952
  • Aug 12, 2016 2:39am Aug 12, 2016 2:39am
Daily Chart...
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  • #36,953
  • Aug 12, 2016 2:41am Aug 12, 2016 2:41am
H4 Chart... waiting for the next buy?
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  • #36,954
  • Aug 12, 2016 2:54am Aug 12, 2016 2:54am
wait..wait..wait..the direction
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  • #36,955
  • Aug 12, 2016 6:47am Aug 12, 2016 6:47am
Why, why, whine.
  • #36,956
  • Aug 12, 2016 12:06pm Aug 12, 2016 12:06pm
Update H4 chart:
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  • #36,957
  • Aug 12, 2016 1:44pm Aug 12, 2016 1:44pm
Wasn't expecting that last move down Whats next, a jump down to 1330.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,958
  • Aug 12, 2016 2:00pm Aug 12, 2016 2:00pm
hhmmmmmm....closed my short right before that last move down.....................
  • #36,959
  • Aug 12, 2016 2:07pm Aug 12, 2016 2:07pm
Quoting jorgen.fx
Wasn't expecting that last move down Whats next, a jump down to 1330.

me neither! but the USD just made a complete recovery from today's fundi news.. so I say those 30 pips where Gold's share of the up move.. Other pairs also went down with various degrees..

In any case its is making some sort of retrace now.. don't know if it will fully recover those pips though..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #36,960
  • Aug 12, 2016 2:46pm Aug 12, 2016 2:46pm
Sell gold now, it's going to drop around 1000 pips!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Let the market decide!
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