XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2487 | Forex Factory

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

  • #49,721
  • Jun 14, 2019 3:22am Jun 14, 2019 3:22am
Quoting peace1234
Mercury in punarvasu nakshatra, powerfull energy. Moon in visakha nakshatra. Mercury and moon are in best position each other
good for Friday!!
  • #49,722
  • Jun 14, 2019 3:23am Jun 14, 2019 3:23am
Quoting peace1234
Mercury in punarvasu nakshatra, powerfull energy. Moon in visakha nakshatra. Mercury and moon are in best position each other
I think powerfull energy its over.... waiting for retracement, a little lower energy for monday and tuesday
  • #49,723
  • Jun 14, 2019 3:26am Jun 14, 2019 3:26am
Quoting tush1822
{quote} good for Friday!!
  • #49,724
  • Jun 14, 2019 3:43am Jun 14, 2019 3:43am
Quoting dweb
{quote} In da zone! {image}
Great Picture...
  • #49,725
  • Jun 14, 2019 3:58am Jun 14, 2019 3:58am
Is she really repeating the exact same pattern in a bit smaller scale?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
We can't control the sea, but we can learn how to surf the waves.
  • #49,726
  • Jun 14, 2019 3:59am Jun 14, 2019 3:59am
Quoting aariapoor
Is she really repeating the exact same pattern in a bit smaller scale? {image}
mirror patern....?
Stay green!!!
  • #49,727
  • Jun 14, 2019 4:08am Jun 14, 2019 4:08am
Quoting aariapoor
Is she really repeating the exact same pattern in a bit smaller scale? {image}
Hmm seems similiar tho, need to observe more on that
The Force is with me.. Im One With the Force..
  • #49,728
  • Jun 14, 2019 4:12am Jun 14, 2019 4:12am
Quoting Froggy
{quote} mirror patern....?
I don't know the name and it doesn't matter; but looking at the daily chart of Gold, we can see that any constant/long term move has its own corrections and retracements, except these 2 moves which did all the consolidation at the end of very sharp impulse;
Last time, I think they decided to change the direction while it was in the consolidation (as shown in the image below) and it reversed and went down.
I don't think this time that would be the case
Attached Image
We can't control the sea, but we can learn how to surf the waves.
  • #49,729
  • Jun 14, 2019 4:25am Jun 14, 2019 4:25am
Quoting aariapoor
{quote} I don't know the name and it doesn't matter; but looking at the daily chart of Gold, we can see that any constant/long term move has its own corrections and retracements, except these 2 moves which did all the consolidation at the end of very sharp impulse; Last time, I think they decided to change the direction while it was in the consolidation (as shown in the image below) and it reversed and went down. I don't think this time that would be the case {image}
So, IMHO, I think in 4H we should expect something like this before breaking the weekly pattern:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB


Weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB
We can't control the sea, but we can learn how to surf the waves.
  • #49,730
  • Jun 14, 2019 5:20am Jun 14, 2019 5:20am
Brain Food!!! Who wants to do PhD in how LME works!!
https://www.lme.com/-/media/Files/Me...ous-update.pdf
  • #49,731
  • Jun 14, 2019 5:48am Jun 14, 2019 5:48am
I may be wrong but this monthly triangle may have already been broken ... well you have seen what happened to the triangle 30 min ... with the monthly it is not very different .. anyway the price goes back to test the new support...
  • #49,732
  • Jun 14, 2019 6:08am Jun 14, 2019 6:08am
Quoting Marcieny
I may be wrong but this monthly triangle may have already been broken ... well you have seen what happened to the triangle 30 min ... with the monthly it is not very different .. anyway the price goes back to test the new support...
The prime important levels for gold are H4 level resistances and supports (RnS). Price always halts at these levels. And when these levels confluences with the pattern then the pattern becomes valid!!
The large time frame weekly and monthly patterns are generally irrelevant for short term trading.
  • #49,733
  • Jun 14, 2019 6:11am Jun 14, 2019 6:11am
Quoting aariapoor
{quote} So, IMHO, I think in 4H we should expect something like this before breaking the weekly pattern: {image} Weekly: {image}
Interesting ....... The volume at these areas is what's of interest to me at this point..... Let's see what fuel data brings along.


If this wedge breaks out to her downside we will drop it like it's hot.......
4&1 All Time Profit: $37,496
  • #49,734
  • Jun 14, 2019 6:17am Jun 14, 2019 6:17am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_18.jpg Size: 153 KB
  • #49,735
  • Jun 14, 2019 6:21am Jun 14, 2019 6:21am
One of Friends' idea, I don't think so but I hope so
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
We can't control the sea, but we can learn how to surf the waves.
  • #49,736
  • Jun 14, 2019 6:24am Jun 14, 2019 6:24am
Quoting tush1822
{quote} The prime important levels for gold are H4 level resistances and supports (RnS). Price always halts at these levels. And when these levels confluences with the pattern then the pattern becomes valid!! The large time frame weekly and monthly patterns are generally irrelevant for short term trading.
I wanted to say that if this monthly laterialization explodes ... it comes back, to test the new support ... well I do not operate regions that I do not know, so I stay out.
  • #49,737
  • Jun 14, 2019 6:32am Jun 14, 2019 6:32am
Another idea from someone I follow (GOLD's seasonal cycle) which somehow is referring to the pattern I mentioned earlier:

2017 - 2018:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB


2019-2020:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 83 KB
We can't control the sea, but we can learn how to surf the waves.
  • #49,738
  • Jun 14, 2019 7:49am Jun 14, 2019 7:49am
Quoting peace1234
{quote} I think powerfull energy its over.... waiting for retracement, a little lower energy for monday and tuesday
First target 1345-1347
  • #49,739
  • Jun 14, 2019 8:01am Jun 14, 2019 8:01am
I'll sell (scalp) IF she stays under the line and gives me at least 15 min flag

Attached Image
We can't control the sea, but we can learn how to surf the waves.
  • #49,740
  • Jun 14, 2019 9:05am Jun 14, 2019 9:05am
Quoting MzansiObi
If this wedge breaks out to her downside we will drop it like it's hot.......
A big IF right now. I'm not quite sure what's going on in the market- stronger bull momentum than I expected at this point. Here's to hoping!
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