XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2269 | Forex Factory

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

  • #45,361
  • Jan 23, 2018 12:38pm Jan 23, 2018 12:38pm
Quoting james1254
Silver moved sharply to the downside today although it is now back above 16.90. Another move to the downside is quite likely.
Well, lets wait for the daily close.... Currently 16.94
  • #45,362
  • Jan 23, 2018 1:27pm Jan 23, 2018 1:27pm
Trying a short 1338, not sure why except for gold being overbought for weeks
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #45,363
  • Jan 23, 2018 2:10pm Jan 23, 2018 2:10pm
I was thinking there may be a bounce here.
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  • #45,364
  • Jan 23, 2018 2:34pm Jan 23, 2018 2:34pm
I opened another long at silver at 16.87 on the dip. So at the moment I hold 2 longs. Hm today it was very unusual day, while gold was trying to break the top silver was going for a lower low. Technically on the daily chart Silver should go down and this is how I explain todays action.
  • #45,365
  • Edited 2:51am Jan 24, 2018 12:46am | Edited 2:51am
Good day to you all active trader. My Goldgirl whats up? I have been following your input closely but unfortunately, I could not post mine due to schedule (daily ups and downs)
I have about three longs on gold presently. I bought at 1332.84, 1334.75, 1338.91 my TPs ranges from 1346 - 1354. Price is likely to move strongly upward due to the break of the pattern shown below
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Golden pips to you all
  • #45,366
  • Jan 24, 2018 3:12am Jan 24, 2018 3:12am
Whats happening in the world of fundamental I don't know, will price rise up to 1354XX my final target I don't know, but one thing I know very well is that I am in the trade, profit locked in and price and time have the final say
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Golden pips to you all.
  • #45,367
  • Jan 24, 2018 9:06am Jan 24, 2018 9:06am
Quoting atom3
I opened another long at silver at 16.87 on the dip. So at the moment I hold 2 longs. Hm today it was very unusual day, while gold was trying to break the top silver was going for a lower low. Technically on the daily chart Silver should go down and this is how I explain todays action.
My TP got hit at 17.40$ and I am out for the moment. Silver got the potential to reach 17.70$ but I decided to not risk my profits today.
  • #45,368
  • Jan 24, 2018 9:13am Jan 24, 2018 9:13am
Quoting atom3
{quote} My TP got hit at 17.40$
same here
  • #45,369
  • Jan 24, 2018 10:27am Jan 24, 2018 10:27am
Quoting sepramfx
Whats happening in the world of fundamental I don't know, will price rise up to 1354XX my final target I don't know, but one thing I know very well is that I am in the trade, profit locked in and price and time have the final say{image}Golden pips to you all.
Final target reached. The chart below shows the weekly outlook of the shinning metal. price is now in a very strong resistance zone. Any bearish price action signal will likely drive the price down.
How sure am I? I am not sure, I am just reading what the price and chart present to me.
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Golden pips to you all.
  • #45,370
  • Jan 24, 2018 10:28am Jan 24, 2018 10:28am
Quoting sepramfx
{quote} Final target reached. The chart below shows the weekly outlook of the shinning metal. price is now in a very strong resistance zone. Any bearish price action signal will likely drive the price down. How sure am I? I am not sure, I am just reading what the price and chart present to me.{image} Golden pips to you all.
looking at silver's rise, i think this rally is yet to be done. Cross checking with us index, it seems that a further downside on us index will be coming. Gold will still rise up much further.
  • #45,371
  • Jan 24, 2018 10:33am Jan 24, 2018 10:33am
Very probably because the Dollar is just getting crushed today. Great job Trumpie.
  • #45,372
  • Jan 24, 2018 10:56am Jan 24, 2018 10:56am
Quoting FateAnother
{quote} looking at silver's rise, i think this rally is yet to be done. Cross checking with us index, it seems that a further downside on us index will be coming. Gold will still rise up much further.
Yes sir, I strongly agree with you but a strong price rejection candle on a higher time frame should not be ignored especially when it's a daily or weekly price rejection bar/candle
  • #45,373
  • Jan 24, 2018 11:36am Jan 24, 2018 11:36am
Quoting joinup
{quote} Well, lets wait for the daily close.... Currently 16.94
Not only it closed there but there was a rally today too. It's currently testing the last high at 17.40 and it may break out above it.
  • #45,374
  • Edited Jan 25, 2018 12:23am Jan 24, 2018 11:43am | Edited Jan 25, 2018 12:23am
Thanks for weak doller...... LoL
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Trade fearless not careless...
  • #45,375
  • Jan 24, 2018 12:28pm Jan 24, 2018 12:28pm
Quoting sepramfx
{quote} ... but a strong price rejection candle on a higher time frame should not be ignored especially when it's a daily or weekly price rejection bar/candle
Which day or week would that be?
  • #45,376
  • Jan 24, 2018 1:54pm Jan 24, 2018 1:54pm
Being waiting for that day for the last two weeks. Exited way too early at 1353/4!
Maadik Hugiis. IQ 69.
  • #45,377
  • Jan 24, 2018 5:43pm Jan 24, 2018 5:43pm
Quoting FateAnother
{quote} from what i check based on US index and several datas, Gold should be 1362 by now. Near from what you are seeing Zilla. So the current price is undervalued. For those that still haven't entered yet, this is going to be a good chance actually.
i told this thing long ago but no one believe it. Well, whatever. I have new calculation by now but too lazy to post it since no one will believe it anyway.
I even told that when gold was 1315 level; that is possibly the last chance to buy it after NFP; And we're already at here.
At that time; some are confused, some are telling to ignore it. I'm joining here to contribute a bit but seems like no one likes it.
I'll just silently watch here then...

Quoting FateAnother
{quote} i told this thing long ago but no one believe it. Well, whatever. I have new calculation by now but too lazy to post it since no one will believe it anyway. I even told that when gold was 1315 level; that is possibly the last chance to buy it after NFP; And we're already at here. At that time; some are confused, some are telling to ignore it. I'm joining here to contribute a bit but seems like no one likes it. I'll just silently watch here then...
i'm buying from 1255,1280,1290,1315 and 1338
  • #45,378
  • Jan 24, 2018 8:05pm Jan 24, 2018 8:05pm
Quoting FateAnother
{quote} i told this thing long ago but no one believe it. Well, whatever. I have new calculation by now but too lazy to post it since no one will believe it anyway. I even told that when gold was 1315 level; that is possibly the last chance to buy it after NFP; And we're already at here. At that time; some are confused, some are telling to ignore it. I'm joining here to contribute a bit but seems like no one likes it. I'll just silently watch here then... {quote} i'm buying from 1255,1280,1290,1315 and 1338
Please do share anyway
  • #45,379
  • Jan 25, 2018 12:26am Jan 25, 2018 12:26am
Hi All Traders

current price 1364
Hope the below 1400 to 1466 will change the trending for short

I hold 2 lots short, bad trading
I am having 3 lots long

Pending short 1466

Keep good trading and good luck
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  • #45,380
  • Jan 25, 2018 12:42am Jan 25, 2018 12:42am
Quoting SunTrader
{quote} Which day or week would that be?
I do not have an idea, I am not a cycle trader. The zone I marked ranged from 1345xx -1373xx, at the moment price is at 1364xx. Obviously the BULLS are in charge but how long will it last? A mean reversion is likely to take place around the marked zone. But If price break through then it will be a different ball game. Which ever way, Price Action on higher time frame will shed more light
Golden pips to you all
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