XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2464 | Forex Factory

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

  • #49,261
  • Jun 3, 2019 6:15am Jun 3, 2019 6:15am
Quoting ArslanHyder
{quote} That is what I meant too..
For traders who trade on SFD one interesting way it's look on volume on futures, but open position on the same levels on forex charts.
  • #49,262
  • Jun 3, 2019 6:56am Jun 3, 2019 6:56am
Hi guys!
Bought @ 1290 and waiting for a longer/deep correction to buy again
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Or maybe add more buy to Silver instead

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We can't control the sea, but we can learn how to surf the waves.
  • #49,263
  • Jun 3, 2019 7:22am Jun 3, 2019 7:22am
An update: we should have a 1st retrace at 1324 to 1303 then a 2nd move up to 1344/5 with extension to 1364.
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  • #49,264
  • Jun 3, 2019 8:36am Jun 3, 2019 8:36am
Quoting dweb
Gold H1, with a pullback expected for further potential release to the top. However, my intraday target #1 set. {image}
good catch mate
Always with a Road Not Taken
  • #49,265
  • Jun 3, 2019 8:43am Jun 3, 2019 8:43am
Quoting Fadhl
An update: we should have a 1st retrace at 1324 to 1303 then a 2nd move up to 1344/5 with extension to 1364. {image}
I agree with you, just close some position when it reach 1318, now it retrace back and have just open new OP hopefully it reach 132x area as a TP
The Force is with me.. Im One With the Force..
  • #49,266
  • Jun 3, 2019 10:03am Jun 3, 2019 10:03am
Ayax.TSS,

the Delta cycle count (Weekly data) confirms your IDEA 2 only.

Sixer
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  • #49,267
  • Jun 3, 2019 10:18am Jun 3, 2019 10:18am
XAUUSD Daily + Weekly .



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KISS&V :Keep it simple safe & visual
  • #49,268
  • Jun 3, 2019 10:24am Jun 3, 2019 10:24am
Quoting ArslanHyder
{quote} Target reached.. Moved SL to breakeven at 1290 Closed half the position and will let half of it to hit 1330. While waiting for another long entry on another dip.. After 1330 next target 1380. Trade Safe.
Very nice move ... Will be looking for weakness and then selling short for a quick profit near 1330 till 1305-1310

Trade Safe.
Markets are Irrational
  • #49,269
  • Edited 1:42pm Jun 3, 2019 12:51pm | Edited 1:42pm
Quoting ArslanHyder
{quote} Very nice move ... Will be looking for weakness and then selling short for a quick profit near 1330 till 1305-1310 Trade Safe.
Yeah my target also is around 1300, this current move is out of control and all based on emotions
It can fall hard without any signal
I regret closed my sell on USDCAD to free up some margin to sell Gold
We can't control the sea, but we can learn how to surf the waves.
  • #49,270
  • Jun 3, 2019 1:03pm Jun 3, 2019 1:03pm
Quoting Goldenshot
{quote} I agree with you, just close some position when it reach 1318, now it retrace back and have just open new OP hopefully it reach 132x area as a TP
Sorry quoting my own post.
TP reached 132x area for right now, Will wait for little veeery small retrace to new OP then head north to 133x area
Goodluck everyone here
May the force be with us always
The Force is with me.. Im One With the Force..
  • #49,271
  • Jun 3, 2019 1:38pm Jun 3, 2019 1:38pm
Gold was/is on a good rise today, same as EUR (vs USD).. I would be careful at setting a trend(line) based on this..
We shall see if this trend (I would not bet on it) in the next days or maximum weeks.
I always watch not to be fooled by the (temporary) glamour

But as I have already said... when buying gold (lets say, without leverage)... the worst that it can happen is that you are "stuck" with a wonderful asset
Shorting it is a different story however...
Can you afford to take that chance?
  • #49,272
  • Jun 3, 2019 2:49pm Jun 3, 2019 2:49pm
Quoting riclater211
{quote} Just waiting for price to get passed 1268.00 or 1304.00. Have a great weekend. - Ric {image}
Hey All,

And finally we get some movement. Fridays upward move shot passed a hardened trend line as well as clearing the last Daily chart swing high of 1303.36. I initiated a trade with a fill @ 1306.082. I have a Take profit of 1346.082. That is just below this years high in February of 1346.74. Secure stop @ 1310.00 which make this trade safe.

Is price really going to get that high? I have no idea. Some have been arguing with all the trade tension and market uncertainty that money is flowing into the safe haven. I do not see it that way. Gold has been slumping for 3 months. The last 2 days have been the most upward momentum of over 3% since December 2018 and December 2017 before that, see a trend there? Personally I think this move is a mix of Short sellers cashing in as well as some position taking. The news of Tariffs with Mexico, the Chinese puffing their chests about fighting with the USA as well as higher tensions with Iran are all making some traders skidish about equities and placing some funds into Gold.

We shall see if price hits my target.

- Ric
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Be humble or get humbled
  • #49,273
  • Jun 3, 2019 8:09pm Jun 3, 2019 8:09pm
Quoting dweb
{quote} short term targets. H1 1314 H4: 1320
It was great to see the GOLD movement yesterday after being on the road. Where to now?

Target ranges:
M15/M30:- 1330.xx ~ 1344.xx
H1: 1334.xx ~ 1350.xx
H4: 1325.xx ~ 1342.xx
D1: 1336.xx
My pull back target:1305.xx
We err, and err, and err again, but less.
  • #49,274
  • Edited 11:18pm Jun 3, 2019 10:27pm | Edited 11:18pm
A complete dabble, first gold trade, break of TL.. experiment

NB now BE
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  • #49,275
  • Jun 3, 2019 10:49pm Jun 3, 2019 10:49pm
ready to sell for now
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Beat the enemy plan before its made
  • #49,276
  • Jun 3, 2019 10:52pm Jun 3, 2019 10:52pm
Quoting hellsbells
A complete dabble, first gold trade, break of TL.. experiment {image}
all most same trade ...nice to see i am not alone
Always with a Road Not Taken
  • #49,277
  • Jun 4, 2019 12:43am Jun 4, 2019 12:43am
Inserted Video
  • #49,278
  • Jun 4, 2019 4:06am Jun 4, 2019 4:06am
Eventually broke the exaggerated channel, wait for correction then sell, it's emotional move, be careful
My target for sell and the buying zone is around 50% of Fib ($ 1300)
We can't control the sea, but we can learn how to surf the waves.
  • #49,279
  • Jun 4, 2019 4:26am Jun 4, 2019 4:26am
Sold now.. TP 1310 for a quick profit.

Trade Safe.
Markets are Irrational
  • #49,280
  • Jun 4, 2019 6:02am Jun 4, 2019 6:02am
I created my thread
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