XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2485 | Forex Factory

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

  • #49,681
  • Jun 13, 2019 5:54pm Jun 13, 2019 5:54pm
G'day all,

Nearly reached MN (5 years) resistance......
Stay green!!!
  • #49,682
  • Jun 13, 2019 6:29pm Jun 13, 2019 6:29pm
Quoting dweb
1344.4x target must be exceeded first before consider anything else♥
1348~1350 a real shot at it with pending news that provide the momentum
We err, and err, and err again, but less.
  • #49,683
  • Jun 13, 2019 7:00pm Jun 13, 2019 7:00pm
Quoting dweb
{quote} 1348~1350 a real shot at it with pending news that provide the momentum
47 to 67 zone is the interesting bit....lots of pending sell orders and sl sitting around there.....
Stay green!!!
  • #49,684
  • Jun 13, 2019 7:49pm Jun 13, 2019 7:49pm
Quoting peace1234
I’ve moved TP to 1345
Closed manually @1344
  • #49,685
  • Jun 13, 2019 7:51pm Jun 13, 2019 7:51pm
Sell limit @ 1348
  • #49,686
  • Jun 13, 2019 7:58pm Jun 13, 2019 7:58pm
Quoting wealthpro
{quote} {quote} Hi pundit there is no secret as Mzansiobi said you have to wait for certain level.me I am in Thailand therefore I can trade the market all of three session, currently I am trading gold only so I watch only gold chart hole day even I hit my target.i set my target only 200 points (aka pips) per day.because gold will move 1000 to 1500 pips per day normally.money management and risk level is personal thing you have to define your self. as I said before you need time to master the chart.you can find wmd,cyrox thred in forexfactory.these...
Thanks wealthpro, I am from India and I can also trade all the three sessions easily. I know it needs practice. I will surely practice finding good setups. Thank you very much for sharing your knowledge.
  • #49,687
  • Jun 13, 2019 8:34pm Jun 13, 2019 8:34pm
Quoting dweb
Good morning ya'll {image}
Gooood morning dweb. It's late, but just in time. In case you or other thread members are wondering what's in store when the China data drops, I gave it my best guess over here. https://www.metalsmine.com/showthrea...2#post12328412

There's a very small chance gold would be impacted by the data. But the risk exists. It's the only action (scheduled) we've got until retail sales tomorrow.

I'm flat after a busy day yesterday. Good luck gents!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #49,688
  • Jun 13, 2019 9:08pm Jun 13, 2019 9:08pm
Morning Gang Gang.....
Looking at two levels with interest today.
1345 and 1353.4

1333 handle as support for the bull power again
Trade safe it's Friday.......
4&1 All Time Profit: $37,496
  • #49,689
  • Jun 13, 2019 9:09pm Jun 13, 2019 9:09pm
Just reached 46!!! nice move any else caught it?
Attached Image
Stay green!!!
  • #49,690
  • Jun 13, 2019 9:18pm Jun 13, 2019 9:18pm
Quoting Froggy
Just reached 46!!! nice move any else caught it?
Bulls are having fun aren't they....
Just sceptical buying so high up bud/buying into key resistance
We are at key resistance levels. I'm looking for shorts.
Bit of Drawdown at the moment with just one buy hedge from 1333.... Nice one Froggs
4&1 All Time Profit: $37,496
  • #49,691
  • Jun 13, 2019 9:22pm Jun 13, 2019 9:22pm
There's no data coming up to halt this move. I'm going to probably buy the dips for an hour or so. It's still early but if Europe decides to continue with this gold buying, it could be a great Friday.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #49,692
  • Jun 13, 2019 9:26pm Jun 13, 2019 9:26pm
Quoting MzansiObi
{quote} Bulls are having fun aren't they.... Just sceptical buying so high up bud/buying into key resistance We are at key resistance levels. I'm looking for shorts. Bit of Drawdown at the moment with just one buy hedge from 1333.... Nice one Froggs
Next levels: 47-49; 56-57;63-67 and the big winner 73-76. As I have mentioned earlier there would be lots of SL and Pending SELL orders around all those levels. MM are leaking their lips!!! 49 by Asion session end is probable...IMHO
Stay green!!!
  • #49,693
  • Jun 13, 2019 9:50pm Jun 13, 2019 9:50pm
Quoting MzansiObi
{quote} Bulls are having fun aren't they.... Just sceptical buying so high up bud/buying into key resistance We are at key resistance levels. I'm looking for shorts. Bit of Drawdown at the moment with just one buy hedge from 1333.... Nice one Froggs
That's a nice Hedge from 1333 youve had, however 1349 still need to be visited don't u think master Obi? (Sorry to call you that, i hope u don't mind lol) i have my longs to 1349 SL 1339.

Quoting EventsTrader
There's no data coming up to halt this move. I'm going to probably buy the dips for an hour or so. It's still early but if Europe decides to continue with this gold buying, it could be a great Friday.
Remember what Yoda tells ya "do or do not there is no try"
Btw thanks for nice preview youve had on that Chinese Data

Quoting Froggy
{quote} Next levels: 47-49; 56-57;63-67 and the big winner 73-76. As I have mentioned earlier there would be lots of SL and Pending SELL orders around all those levels. MM are leaking their lips!!! 49 by Asion session end is probable...IMHO
Yeah 49 is the key we will see em by today i think...
The Force is with me.. Im One With the Force..
  • #49,694
  • Jun 13, 2019 9:57pm Jun 13, 2019 9:57pm
I think 1350 soon and break resistance
  • #49,695
  • Jun 13, 2019 10:29pm Jun 13, 2019 10:29pm
Quoting Goldenshot
{quote} That's a nice Hedge from 1333 youve had, however 1349 still need to be visited don't u think master Obi? (Sorry to call you that, i hope u don't mind lol) i have my longs to 1349 SL 1339. {quote} Remember what Yoda tells ya "do or do not there is no try" Btw thanks for nice preview youve had on that Chinese Data {quote} Yeah 49 is the key we will see em by today i think...
Agreed bud. Hence why I mentioned that 1353 handle.
There's nothing wrong with buying dips don't get me wrong. The trend has been bullish and after the 4hr consolidated for a while it has shot up.
My only issue is the heavy resistance handle price has moved into. (My first red flag)
On The daily and 4 hourly we are far from the mean(second r d flag)
4hour RSI has reached our "overbought"


Now this isn't to say that price won't rally beyond this level. I'm just exercising caution that's all. And simply looking to sell resistance. There's small amounts of divergence creeping in on lower time frame.

Asia has gotten it's quota for the day. May see some pullback and rally could continue once London open.
4&1 All Time Profit: $37,496
  • #49,696
  • Jun 13, 2019 11:20pm Jun 13, 2019 11:20pm
Quoting MzansiObi
{quote} Agreed bud. Hence why I mentioned that 1353 handle. There's nothing wrong with buying dips don't get me wrong. The trend has been bullish and after the 4hr consolidated for a while it has shot up. My only issue is the heavy resistance handle price has moved into. (My first red flag) On The daily and 4 hourly we are far from the mean(second r d flag) 4hour RSI has reached our "overbought" Now this isn't to say that price won't rally beyond this level. I'm just exercising caution that's all. And simply looking to sell resistance. There's small...
Yep, we are all very 'too' close to those levels... REAL cautions....!
Stay green!!!
  • #49,697
  • Jun 13, 2019 11:46pm Jun 13, 2019 11:46pm
Any idea when would silver start catching? when should I start building up the ratio?

Also, does any one here trade BTP? Any idea what indicators to look for BTP?
  • #49,698
  • Jun 13, 2019 11:52pm Jun 13, 2019 11:52pm
I already got in short @1346.50 tp 1320,
keep adding short if price falls
  • #49,699
  • Jun 13, 2019 11:55pm Jun 13, 2019 11:55pm
Quoting leonelaus
I already got in short @1346.50 tp 1320, keep adding short if price falls
What's your stop? Be cautious its Friday.
  • #49,700
  • Jun 14, 2019 12:28am Jun 14, 2019 12:28am
Quoting bulltrap
{quote} Hi wealthpro. I think it is very smart to focus on one instrument at a time. Do do you ever trade gold on economic releases or do you usually stay out of the market for big news?
only I am fishing on calm water. stay out of the market during news event
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