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

The XAUUSD price action on the H4 time frame is bullish. Although the price action is now tackling the immediate horizontal resistance at the 3447.54 area, the technical impulse favours further northward price action.

I may be wrong. Trade safe and prosper.

KP

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AI review of the Gold and Silver contract deliveries between Comex and Shangai. Some interesting facts there.

The XAUUSD price action on the daily time frame is bullish but the bullish momentum declined after a brief bearish challenge on Thursday. Although the preceding technical impulse is bullish, we may see a bearish correction before further northward drive.

I may be wrong. Trade safe and prosper.

KP

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Since last Monday's WR Bullish bar rest of the week went sideways.

Expect more of the same till Weds' FOMC meeting.

The XAUUSD price action on the daily time frame has turned sideways after a bullish drive to the 3642.74 horizontal resistance area. This shows a weakness in bullish momentum, but we cannot rule out further northward price action in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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The XAUUSD price action on the H4 time frame is retesting the 3684.73 horizontal resistance after a bearish pullback. However, the recent technical prints favour southward liquidity engineering.

I may be wrong. Trade safe and prosper.

KP

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Silver is well on its way now to its double top and all time high of 50.
It WILL break through that level and proceed to 3 digits.
The strategy is to continue to build long positions.
One can apply the same outlook for Gold if you are a long-term trader. It will continue to rise to new levels.

The XAUUSD price action on the H4 time frame turned sideways on Friday after a bullish breach of the 3760.16 horizontal resistance. Nevertheless, we cannot rule out further northward price action in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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The XAUUSD price action on the daily time frame is bullish. However, the bullish momentum is waning. Presently, the price action is tackling the 3886.00 intra-day horizontal resistance area, but we cannot rule out further northward momentum in the early part of this week before a bearish correction.

I may be wrong. Trade safe and prosper.

KP

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Although presently the XAUUSD price action on the H4 time frame tackling the 4017.04 intra-day horizontal resistance, we may still further northward market engineering.

I may be wrong. Trade safe and prosper.

KP

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Although the XAUUSD price action on the H4 time frame is presently sideways, the most recent technical prints favour bears. So, we may still see southward price action before a northward turnaround.

I may be wrong. Trade safe and prosper.

KP

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Although the XAUUSD price action on the H4 time frame is sideways at the 4111.76 horizontal support, we may still see southward liquidly engineering to an intra-day area of value in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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Good call

Thanks mate. It's been a while.

Trade safe and prosper.

KP

The XAUUSD price action on the daily time frame went sideways on Friday at the 4001.82 intra-day horizontal resistance after a bullish retest on Thursday. Nevertheless, we may still see further southward market engineering in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

The XAUUSD price action on the H4 time frame turned sideways at the 4082.04 area after a southward drive that retested it. Recent technical prints favour bears more than bulls, and we may still see further southward drive of price action in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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The XAUUSD price action on the daily time frame is in a bullish mode but presently tackling the 4218.95 horizontal resistance. Nevertheless, we can still see further northward market engineering.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

XAUUSD price action on the H4 time frame went sideways at the 4299.18 area towards the end of last week after a bearish drive below it. We cannot rule out further northward price action before a southward correction.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)