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-   -   XAU/USD & XAG/USD - Gold & Silver Traders Thread (https://www.forexfactory.com/showthread.php?t=222032)

SunTrader May 24, 2019 12:22pm | Post# 49041

{quote} Yes, I know that. However, price is also in a down trend. So heavy support + down trend = price getting crushed, squeezed , smashed or any other word that means the same thing. - Ric
More clearer would be to say the range is getting crushed - although it isn't. Look at ATR(14). It has been rising last 2 weeks.

Margined May 24, 2019 1:28pm | Post# 49042

GOLD is going up to test 1292 level. If we see consolidation there, I think we will have a strong bullish trend.

*Adding to that we may get some re-tests to 1278<->1280 area before shooting up to 1292.

riclater211 May 24, 2019 8:01pm | Post# 49043

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{quote} More clearer would be to say the range is getting crushed - although it isn't. Look at ATR(14). It has been rising last 2 weeks.
Hey Suntrader,

According to any ATR 14 I look at, Daily, Weekly or Monthly, they all point down. Not sure what you mean by rising for 2 weeks. Anyway, thanks for trying to help me be more clearer in my posts. Good looking out buddy.

Take it easy,

- Ric
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riclater211 May 25, 2019 4:54pm | Post# 49044

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{quote} Price shot up right through my trade box. +500 banked on Gold. Now I have wait for price to break out passed 1268.00 or 1304.00. We shall see. - Ric {image}
Just waiting for price to get passed 1268.00 or 1304.00.

Have a great weekend.

- Ric
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SunTrader May 25, 2019 5:30pm | Post# 49045

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{quote} Hey Suntrader, According to any ATR 14 I look at, Daily, Weekly or Monthly, they all point down. Not sure what you mean by rising for 2 weeks. Anyway, thanks for trying to help me be more clearer in my posts. Good looking out buddy. Take it easy, - Ric {image} {image} {image}
Turns out I had a bad daily tick a couple of days ago but after adjusting things ATR 14 (yours has RMA in its calculation?) shows the month of May sideways to up somewhat but in no way contracting:

Take care.
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RegisMexes May 26, 2019 10:42pm | Post# 49046

First leg up....an attempt to breakout? Let's see..

JayBag May 27, 2019 2:27am | Post# 49047

Morning Gold Diggers,

Spotted a Bear setup on H1..
Will post a signal once it pops up (should I get a signal, I suspect this will be a big move)

Hope we had a great weekend
Let;s all stay safe

JayBag May 27, 2019 3:16am | Post# 49048

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Morning Gold Diggers, Spotted a Bear setup on H1.. Will post a signal once it pops up (should I get a signal, I suspect this will be a big move) Hope we had a great weekend Let;s all stay safe

Here's the idea
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RegisMexes May 27, 2019 4:04am | Post# 49049

Gold potential selling points: 1290, 1285, 1285. One can play a pending sell order at 1290 or set a sell-stop at 1285, with immediate target of 1280, the previous resistance turned support.

Just my two cents and possible scenario. Thoughts appreciated.

JayBag May 27, 2019 4:37am | Post# 49050

Gold potential selling points: 1290, 1285, 1285. One can play a pending sell order at 1290 or set a sell-stop at 1285, with immediate target of 1280, the previous resistance turned support. Just my two cents and possible scenario. Thoughts appreciated.
As long as you talking SELL, I am with you on that..

RegisMexes May 27, 2019 6:12am | Post# 49051

{quote} As long as you talking SELL, I am with you on that..
Most XXX/USD are in the red and King Dollar is back...this should be primed to make a visit to 1280 soon..

ArslanHyder May 27, 2019 7:54am | Post# 49052

On my Radar I am seeing 1323 to the upside if breached 1287....

Apnaryk May 27, 2019 10:02am | Post# 49053

On my Radar I am seeing 1323 to the upside if breached 1287....
Yes bro., I think this week gold
Pass 1287 limit and nearly stop at 1310-1323 a big bullish trend ahead so carefuly trading..

Shadowluxury May 27, 2019 11:21am | Post# 49054

Im still seeing the bear around on gold

RegisMexes May 27, 2019 11:28am | Post# 49055

Im still seeing the bear around on gold
Just a small tiny one though..

eleufski May 27, 2019 11:48am | Post# 49056

{quote} Just a small tiny one though..
Shorting gold can be considered as a counter trend?

RegisMexes May 27, 2019 12:31pm | Post# 49057

{quote} Shorting gold can be considered as a counter trend?
Not really, I think gold is still trying to find a direction at the moment. Technically, it looks like we have a bear on H4, but we are still flirting too close to 1287 which is the breakout pivot.

Reasons why I feel it is safer to sell:
-1303 is a very very strong resistance
-1269 support has been tested only once
-DXY looking bullish
-USD/JPY looks bullish
-JPY looks to be softening
-Selling gold gives positive swap, very positive swap.

ArslanHyder May 27, 2019 5:27pm | Post# 49058

{quote} Shorting gold can be considered as a counter trend?
Based on the TF which you are using it can further be identified that whether it is counter trend or within trend... Trade Safe.

farukh May 27, 2019 7:53pm | Post# 49059

{quote} Not really, I think gold is still trying to find a direction at the moment. Technically, it looks like we have a bear on H4, but we are still flirting too close to 1287 which is the breakout pivot. Reasons why I feel it is safer to sell: -1303 is a very very strong resistance -1269 support has been tested only once -DXY looking bullish -USD/JPY looks bullish -JPY looks to be softening -Selling gold gives positive swap, very positive swap.
Adding couple of reasons:

  1. On day timeline, fib level 50 of uptrend since Aug'18 has not been touched as yet
  2. On week timeline, there is pattern formed by SMA400 on top then SMA300 then SMA200. price was rejected from sma400 and started downtrend. Now sma200 is waiting down.
  3. Above mentioned both target points are same i.e. fib level 50 on day timeline and sma200 on week timeline.

Target price is 1250


RegisMexes May 27, 2019 11:02pm | Post# 49060

Gold potential selling points: 1290, 1285, 1285. One can play a pending sell order at 1290 or set a sell-stop at 1285, with immediate target of 1280, the previous resistance turned support. Just my two cents and possible scenario. Thoughts appreciated.
Ka-ching!!!!!


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