XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2417 | Forex Factory

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

  • #48,321
  • Mar 7, 2019 5:58pm Mar 7, 2019 5:58pm
As per the XAUUSD charts I posted above 1281-1282 looks like the zone to be watching for a break. Maybe, maybe not.
  • #48,322
  • Mar 8, 2019 3:27am Mar 8, 2019 3:27am
may retrace to 1303-1307 price level before another drop
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,323
  • Edited 5:33am Mar 8, 2019 4:57am | Edited 5:33am
Quoting farukh
may retrace to 1303-1307 price level before another drop
I also guess , it will reach up to 1304 , considering all macroeconomic happenings since ECB's statement. It also aid technically, the formation of right shoulder of HnS reversal pattern with neck line range of 1380.5 to 1385.5.
  • #48,324
  • Mar 8, 2019 7:35am Mar 8, 2019 7:35am
look at the NFP numbers.. sometimes it looks like they do it to manipulate the market.
I finished my longs before NFP.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,325
  • Mar 8, 2019 8:10am Mar 8, 2019 8:10am
Quoting tush1822
{quote} I also guess , it will reach up to 1304 , considering all macroeconomic happenings since ECB's statement. It also aid technically, the formation of right shoulder of HnS reversal pattern with neck line range of 1380.5 to 1385.5.
Long from 1290, tp set to 1303. Happy weekend!!
  • #48,326
  • Mar 8, 2019 8:40am Mar 8, 2019 8:40am
Quoting Valadorn
Gold H4 From 1283 to 1302, next to 1275 {image}
1300 close, now go to 1275 in 1-2 weeks
  • #48,327
  • Mar 8, 2019 8:44am Mar 8, 2019 8:44am
Quoting tush1822
{quote} Long from 1290, tp set to 1303. Happy weekend!!
I suggest, close manually before day end if it won't hit tp.
Best of luck!
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,328
  • Mar 8, 2019 8:50am Mar 8, 2019 8:50am
As expected. Profit booked.
Markets are Irrational
  • #48,329
  • Mar 8, 2019 8:52am Mar 8, 2019 8:52am
Quoting tush1822
{quote} Long from 1290, tp set to 1303. Happy weekend!!
manually closed at 1298. Not enough bullish. Now all banks have stepped in to push prices down. !! I will look forward the formation of HnS reversal pattern to short.
  • #48,330
  • Mar 8, 2019 9:01am Mar 8, 2019 9:01am
already stepped in short 1299.50
Attached Image
  • #48,331
  • Mar 10, 2019 7:44am Mar 10, 2019 7:44am
Quoting IPMan
already stepped in short 1299.50 {image}
I think too early to jump shorting. We have to wait 12-14 March to over for BREXIT clarity. If it will weigh towards no deal , Gold may reach to high level from 1300.
  • #48,332
  • Mar 10, 2019 8:06am Mar 10, 2019 8:06am
Price action was very bullish on closing week. No decision of going short as yet
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,333
  • Edited 10:01am Mar 10, 2019 9:41am | Edited 10:01am
Quoting fontu
Still waiting with shorts to see breaks 1276 for 1260/43 targets. Taking longer time, thought break today, ok to wait for next days till investors calm down!
price avoiding test exactly 1276 kept the option to retest with more strength next break & stay for target, and as investor likely worry with continued currency tanking next may test 1307+ to as high as 1320 but breaks above 1297 price may tank any moment or already started at 1300!! early signal 1297.16 breaks down for 1291/0.

lets see how long can over above 1276. short still in good favour & action.
Take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 37 KB
Click to Enlarge Name: GOLDH1.png Size: 32 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #48,334
  • Mar 10, 2019 9:54am Mar 10, 2019 9:54am
Quoting tush1822
{quote} I think too early to jump shorting. We have to wait 12-14 March to over for BREXIT clarity. If it will weigh towards no deal , Gold may reach to high level from 1300.
yeah well I closed half position with 1:1 ratio, so even it closes my short I'll still be fine.
  • #48,335
  • Mar 11, 2019 1:04am Mar 11, 2019 1:04am
Call for short on M30 chart..

sl 1301 SMA400
tp 1293 SMA300
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,336
  • Mar 11, 2019 2:27am Mar 11, 2019 2:27am
Quoting SunTrader
Support and resistance levels I see on daily up to quarterly. Note also indicator ( DTOscillator ) is in alignment - to the downside - on weekly/monthly/quarterly: {image} {image} {image} {image}

pls share this support resistant indicator
  • #48,337
  • Mar 11, 2019 3:24am Mar 11, 2019 3:24am
The DTOSC indicator of the Dynamic Trader platform is a "StochRSI" indicator:

https://www.prorealcode.com/prorealt...er-oscillator/

The problem with it is "Divergence" when trends occur.

Sixer
Attached File(s)
File Type: ex4 dtosc-indicator.ex4   18 KB | 698 downloads
  • #48,338
  • Mar 11, 2019 9:51am Mar 11, 2019 9:51am
Quoting farukh
Call for short on M30 chart.. sl 1301 SMA400 tp 1293 SMA300
Achieved
P.S. Trade with the discipline of Money Management and Risk Management.
  • #48,339
  • Mar 11, 2019 11:16pm Mar 11, 2019 11:16pm
Back to 1296 again..very interesting...still sits below 1300.

Could this just be safe haven buying ahead of Brexit? Potentially a huge unwinding after the Brexit news is out?
  • #48,340
  • Mar 12, 2019 1:51pm Mar 12, 2019 1:51pm
Quoting 4Eyebrows
Back to 1296 again..very interesting...still sits below 1300. Could this just be safe haven buying ahead of Brexit? Potentially a huge unwinding after the Brexit news is out?
I don't think so, already all uncertainty is priced in. Max it will reach to 1304. And again it will start going down.
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