XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2255 | Forex Factory

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

  • #45,081
  • Dec 28, 2017 6:37am Dec 28, 2017 6:37am
Gold is starting to peak out. Once we see a lower daily close, this should come down.

Might be a false break southwards earlier, so we may see a retracement followed by bullish movement.
A 1 pip gain is better than a 1 pip loss.
  • #45,082
  • Dec 28, 2017 12:31pm Dec 28, 2017 12:31pm
Quoting RondaRousey
{quote} now it's over 1290 noobs The Santa Rally was not in bitcoin or stocks but in GOLD noobs Happy New Year for 2018 https://www.youtube.com/watch?v=J7_GaXCzkP8 May the force noobs be with you
you are a funny guy
  • #45,083
  • Dec 28, 2017 12:43pm Dec 28, 2017 12:43pm
Quoting aeternum
Gold is starting to peak out. Once we see a lower daily close, this should come down. Might be a false break southwards earlier, so we may see a retracement followed by bullish movement.
Why do you think it won't continue moving to the upside?
  • #45,084
  • Dec 28, 2017 12:44pm Dec 28, 2017 12:44pm
Quoting aeternum
Gold is starting to peak out. Once we see a lower daily close, this should come down. Might be a false break southwards earlier, so we may see a retracement followed by bullish movement.
well, since tomorrow is friday, then maybe we will see small retracement but the chance of that is rather not big since i'm seeing that DXy will drop to 91.8 not long from now. I'm expecting a move to 1320 first at least before we will see a small retracement to 1290 level then another bull to 1335-1350 area.
  • #45,085
  • Dec 28, 2017 1:08pm Dec 28, 2017 1:08pm
No mercy for sellers LoL...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-12-29-00-07-04.png Size: 129 KB
Trade fearless not careless...
  • #45,086
  • Dec 28, 2017 5:34pm Dec 28, 2017 5:34pm
A lot of poor guys on this thread where short on gold, there are more poor now...
No more Fight, the victory has come...
  • #45,087
  • Dec 28, 2017 8:06pm Dec 28, 2017 8:06pm
Quoting mohsinali
No mercy for sellers LoL... {image}
UP and no retracement .... lol hope we see some for entry .....
  • #45,088
  • Dec 28, 2017 9:45pm Dec 28, 2017 9:45pm
Quoting FloatingCha
{quote} UP and no retracement .... lol hope we see some for entry .....
i'll say that it's jumping in or no entry at all. Checking DXY, i think it will break through 92.5 level and target 91.8 next. It's where gold will be around 1320 from my calculation.
Like what i calculated before; as long gold breaks 92.62; it will be in 1295 - 1300 range and it did currently.
There should be some error space allowed though from what i've predicted.
  • #45,089
  • Dec 29, 2017 2:20am Dec 29, 2017 2:20am
For me it was a very easy decision 3-4 weeks ago when gold and silver were falling to buy silver at 16.5 then at 16.3 then at 16 then at 15.8 because 7-8 year bottom is at 14.5 or so and I don't see a reason for it to make a new low now, plus you when you enter a trade you don't need to go all in and expect the price to go in your direction the second you place that trade because otherwise you will get margin called right ? That advice which all the trade "gurus" tell - never add to a loosing trade sounds stupid as hell for me. Adding to loosing trades is bad only when your mentality is like I described above - going all in on each trade and expecting the price to go your way immediately
  • #45,090
  • Dec 29, 2017 3:47am Dec 29, 2017 3:47am
The gold bulls are trully decreasing now. if us index turns around, it's time to close long i believe.
For now, buying gold still good due to lower us index.
  • #45,091
  • Dec 29, 2017 7:30am Dec 29, 2017 7:30am
Trying a short 1299
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,092
  • Dec 29, 2017 7:38am Dec 29, 2017 7:38am
Quoting FateAnother
The gold bulls are trully decreasing now. if us index turns around, it's time to close long i believe. For now, buying gold still good due to lower us index.
Yeah. It doesn't matter the gold bulls are decreasing, the USD bears are just on an onslaught now.
  • #45,093
  • Dec 29, 2017 7:44am Dec 29, 2017 7:44am
Quoting MoneyFocus
{quote} Yeah. It doesn't matter the gold bulls are decreasing, the USD bears are just on an onslaught now.
indeed. Stay green, just now i spotted another demand for the gold! Cheers!
  • #45,094
  • Dec 29, 2017 7:45am Dec 29, 2017 7:45am
Quoting jorgen.fx
Trying a short 1299
nice try.. but watch us index properly; i think it is on a big risk to touch 91.8 at the moment and possible a break lower that level too.
  • #45,095
  • Dec 29, 2017 7:52am Dec 29, 2017 7:52am
Quoting atom3
For me it was a very easy decision 3-4 weeks ago when gold and silver were falling to buy silver at 16.5 then at 16.3 then at 16 then at 15.8 because 7-8 year bottom is at 14.5 or so and I don't see a reason for it to make a new low now, plus you when you enter a trade you don't need to go all in and expect the price to go in your direction the second you place that trade because otherwise you will get margin called right ? That advice which all the trade "gurus" tell - never add to a loosing trade sounds stupid as hell for me. Adding to loosing...
Don't do this with bitcoin LoL.......
Trade fearless not careless...
  • #45,096
  • Dec 29, 2017 8:01am Dec 29, 2017 8:01am
Quoting FateAnother
{quote} nice try.. but watch us index properly; i think it is on a big risk to touch 91.8 at the moment and possible a break lower that level too.
I like to go against the initial move of the us session and I often open a position 29 minutes after it opens
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,097
  • Dec 29, 2017 8:01am Dec 29, 2017 8:01am
Quoting MoneyFocus
{quote} Yeah. It doesn't matter the gold bulls are decreasing, the USD bears are just on an onslaught now.
Next year ... USD will get some recover ? what do you think ?
  • #45,098
  • Dec 29, 2017 8:06am Dec 29, 2017 8:06am
Quoting FloatingCha
{quote} Next year ... USD will get some recover ? what do you think ?
I thought it would recover 2 hours ago. LOL.

I gues we wait for London closing. Might rally from there. Having said that, I'm not trading for today.
  • #45,099
  • Dec 29, 2017 8:35am Dec 29, 2017 8:35am
Quoting FloatingCha
{quote} Next year ... USD will get some recover ? what do you think ?
it won't recover till it hit 91.8 on DXY first. And if it break down to 91.79 then it will only keep going on weaker...
i expect gold around 1320 level when DXY at 91.8
Meanwhile the ones that wait for a lower price and the ones that are selling the gold...
Attached Image
  • #45,100
  • Dec 29, 2017 8:42am Dec 29, 2017 8:42am
Quoting FateAnother
{quote} it won't recover till it hit 91.8 on DXY first. And if it break down to 91.79 then it will only keep going on weaker... i expect gold around 1320 level when DXY at 91.8 Meanwhile the ones that wait for a lower price and the ones that are selling the gold... {image}
oh i see ... just thinking i should TP or WAIT more up ...
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