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

another short try at 53.49

it keeps on going and going: out -2.00 USD

short 57.58 for a scalp: we hit TL on the 15M
EDIT: going to try to squeeze 4USD out of this one, all timeframes except daily are in overbought zone.

ok ny you have weekly highs in hand, where ya closing at ?

adding to short at 56.69 for an average of 57.14, looking to exit at 52.64
EDIT: moved stop to 57.11, safety first
EDIT: stop got hit

short @ 1556, sl=1559

man that is rude !

We have almost seen 1660 now, so the planets have gone completely opposite, before they may come back to 1610.

well he was right, we're at 1650.......

did some corrections on deviations.

last call is 55 - 57.
no drop from there - ill bail in full no more lame shorts. if clears 59 - put a bullet to my head LOL.


i didnt ask anyone to follow my call btw - as i said an experiemnt with gold. and congrats to all longs

one thing i do with other instruments (more swingy ones like crude) is to trend and countertrend.. but.. its gold.
wish me all the best LOL

I am interested to know what are your thoughts now. Does your analysis of the current charts concur with your previous price? Are you flipping to a "long" point of view?

covered at 1556.4, didn't like the bounce up from uptrendline

You dont need to, planets alone are enough, stay cool

hmmm, got somewhat unlucky with my too fast stopmoving, giving this another try: short 55.67, looking for 3 USD move.

lol on the sarcasm


silver pin with high vol at 30.65 - supply levels evident and old support may become resistance.

gold also at supply at 1654.

hourly bar closes at 54. 55 resistance still valid.

this might be it.

cycles are topping atm - remember my prev 2 charts?


we could very well invert below the moving average.

as for this chart we might not see the 1610 but instead the 23.6 retrace for more conservative TP target at 1626-25

caught my 3 USD

short again @ 1655, sl=1659

short 55.12
EDIT: protected 54.62
EDIT: stopped out for half a buck, got a bit too greedy on this one

crappy retail sales and claims numbers.

hope dollar doesnt sell off too much

oh wait, it's rallying for some reason and gold is selling off

....I'm a bear of gold in the short term.

Long term, I'm a bull. This fits in well with the infaltionary megatrend that we are currently witnessing.

I think within the next few days we will see some huge spikes down, along with stock markets and other commodities.

USD will go much higher in meantime, which will depress hard assets in the short term, but not the long term.

After this, you want to be a long time short of all paper assets (last chance imho).

Then, we will get super high inflation, but on a global scale. Expect wars and fear to distract the masses. Then, the system will have to reset with a new global currency based on something tangible to give confidence to the people again. Later, the money will become fiat again and the great inflation experiment will continue. Nothing changes really.

As long as USD is the reserve currency it will be the last to fall. In the meantime, inflation is being exported to the rest of the world. Most of the western world is already bankrupt. What we are witnessing are the last desperate throws of the dice to keep the game going. When the music stops, you don't want to be holding paper assets.

Best,
KR

I would agree with that.