XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2292 | Forex Factory

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

  • #45,821
  • Mar 8, 2018 8:46am Mar 8, 2018 8:46am
Quoting Moly_Cam5
Its frozen as pluto
it dropped like a rock, what are you talking about?
  • #45,822
  • Mar 8, 2018 8:58am Mar 8, 2018 8:58am
Quoting MoneyFocus
{quote} it dropped like a rock, what are you talking about?
She goes after Sophia Loren’s Risk Reward...
Maadik Hugiis. IQ 69.
  • #45,823
  • Mar 8, 2018 9:06am Mar 8, 2018 9:06am
Quoting MoneyZilla
{quote} She goes after Sophia Loren’s Risk Reward...
you got your 1340...do we go to 1340 now sire?
  • #45,824
  • Mar 8, 2018 9:16am Mar 8, 2018 9:16am
Quoting MoneyFocus
{quote} you got your 1340...do we go to 1340 now sire?
We just had a mid-power sell signal that will stay for some time? I do expect about 2-3 more direction changes, fakeouts CP calls these!:-) ...and we should dive more south, after CP’s FOs are over?
Maadik Hugiis. IQ 69.
  • #45,825
  • Mar 8, 2018 4:48pm Mar 8, 2018 4:48pm
See below 1hr charts of XAU and XAG with fibos overlaid demonstrating the price action and some indicative entry/exit points.

When choosing to enter a position always consider the 3 indicator's below the main graph to understand the market momentum and avoid being caught in a breakout.

I will typically draw one of these fibo's after a move has peaked / bottomed to give me an idea of future price action. This is just a guide of course, sometimes if market momentum is ignoring 'technical's' and trading irrationally or emotionally, it will be ineffective.

Enjoy, make of it what you will
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  • #45,826
  • Mar 8, 2018 5:04pm Mar 8, 2018 5:04pm
Quoting Mitchoss
See below 1hr charts of XAU and XAG with fibos overlaid demonstrating the price action and some indicative entry/exit points. When choosing to enter a position always consider the 3 indicator's below the main graph to understand the market momentum and avoid being caught in a breakout. I will typically draw one of these fibo's after a move has peaked / bottomed to give me an idea of future price action. This is just a guide of course, sometimes if market momentum is ignoring 'technical's' and trading irrationally or emotionally, it will be ineffective....
XAGUSD fib ret. It is backwards.
Anyway thanks Mitchoss.
The true method of knowledge is experiment - W. Blake
  • #45,827
  • Mar 8, 2018 5:42pm Mar 8, 2018 5:42pm
Mitchoss, you're a stud.
  • #45,828
  • Mar 8, 2018 8:47pm Mar 8, 2018 8:47pm
Quoting Mitchoss
{quote} so we touched 16.57 let’s see if I’m right about the bottom (16.38).
so we touched 16.38.. opening small longs to test market.. see if we can bounce back up here
  • #45,829
  • Mar 9, 2018 12:41am Mar 9, 2018 12:41am
Inserted Video
  • #45,830
  • Mar 9, 2018 4:22am Mar 9, 2018 4:22am
Quoting Mitchoss
{quote} so we touched 16.38.. opening small longs to test market.. see if we can bounce back up here
Closed my longs at 16.474 doesn’t look convincing on the 1hr close we just saw. Could be wrong but I’m now looking for an entry point based on a dip from USD news in a few hours to re enter long
  • #45,831
  • Mar 9, 2018 4:42am Mar 9, 2018 4:42am
Thought the same. We have to wait for USA news to be conviced about entering positions. Today's news will have a great impact and XAG/XAU will depend a lot on them.
  • #45,832
  • Mar 9, 2018 5:34am Mar 9, 2018 5:34am
Quoting Patrickunil
Thought the same. We have to wait for USA news to be conviced about entering positions. Today's news will have a great impact and XAG/XAU will depend a lot on them.
Best result for me would be a dip due to news, met by buyers to define a reversal. That’s what I’m looking for
  • #45,833
  • Mar 9, 2018 6:02am Mar 9, 2018 6:02am
The expectations for the uneployment rate is very high, I wouldn't be surprise if they don't get met.
  • #45,834
  • Mar 9, 2018 6:37am Mar 9, 2018 6:37am
In general ..I think gold will continue dropping till the US interest rate decision.
I am interesting to short whenever gold raising .

Good luck all.
  • #45,835
  • Edited 7:13am Mar 9, 2018 6:57am | Edited 7:13am
Quoting pipsy7
i've 2x7pos. of these , {image} {image} {image} {image}
-------7

still holdin this fukkin CRAP + still unHedged , good that i made a few K'us$ on oil this wk tabarnak

NFP will make sume surprises mebbe
da n0o0b + $hit_Disturber
  • #45,836
  • Mar 9, 2018 7:55am Mar 9, 2018 7:55am
Quoting aneuronal
{quote} XAGUSD fib ret. It is backwards. Anyway thanks Mitchoss.
Absolutely. It looks like an upside down movement. Maybe another 10 bucks at least? What if Alexey catched the right timing and she dives below 1290 and under? Ah, Sophia Loren...

Quoting pipsy7
{quote} -------7 still holdin this fukkin CRAP + still unHedged , good that i made a few K'us$ on oil this wk tabarnak NFP will make sume surprises mebbe
There might be a "surprise" move on the upside for 10-20 bucks. Less than 20. 1330-32 max. To intimidate the good news traders. Just a little bit. And then falling down below 1300, I suppose?
Maadik Hugiis. IQ 69.
  • #45,837
  • Mar 9, 2018 8:49am Mar 9, 2018 8:49am
Quoting Mitchoss
{quote} Closed my longs at 16.474 doesn’t look convincing on the 1hr close we just saw. Could be wrong but I’m now looking for an entry point based on a dip from USD news in a few hours to re enter long
We have dipped twice now to 16.35-16.37 region and been met with buyers both times. This will be one of two things, 1. Building a base to rise or 2. Pressuring the suppprt to push the longs out. I’ve gone with option 1 and posted long again at 16.40 to test market on the dip from US news. Guys be mindful this is the longest period Gold has held above 1300 in a LONG time and this will start to get attention of investors.

My view on gold and silver for this year is the paradigm will begin to shift with regard to how market interperits inflation type news as gold (prior to the GFC) responded positively to good growth numbers and interest rate rises. Which is somewhat the contrary to the thought process of most traders (who may get caught going short at the wrong time). As rates begin to rise the appetite to buy into an overinflated Dow will dwindle and money will look for undervalued stable assets such as gold. Be vigilant and research your markets before you enter positions.

All that said, i too could be wrong wit my interpretation of the market.. but I hope not for my account sake
  • #45,838
  • Mar 9, 2018 8:52am Mar 9, 2018 8:52am
Just a little bit. And then falling down below 1300, I suppose? = yeahhh i should stick just to oil & sume curr's 4sure !
da n0o0b + $hit_Disturber
  • #45,839
  • Mar 9, 2018 9:05am Mar 9, 2018 9:05am
Quoting pipsy7
Just a little bit. And then falling down below 1300, I suppose? = yeahhh i should stick just to oil & sume curr's 4sure !
You are all good for now. I would love 1330. At least. I just lost like 200 pips...
Maadik Hugiis. IQ 69.
  • #45,840
  • Mar 9, 2018 9:16am Mar 9, 2018 9:16am
Platinum and Palladium could bounce here
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
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