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

  • #41,801
  • May 29, 2017 11:23pm May 29, 2017 11:23pm
Inserted Video
  • #41,802
  • May 30, 2017 5:33am May 30, 2017 5:33am
Quoting nesta
M30 Over===>@1268.7===>1271.xx====>1274.xx Below===>1265====>1259.5===>1254 {image}
closed
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  • #41,803
  • May 30, 2017 5:52am May 30, 2017 5:52am
OVer===>1265.5==>1270
Below===>1259===>1256.xx
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  • #41,804
  • May 30, 2017 5:59am May 30, 2017 5:59am
Gold prices settled at $1267.07 an ounce on Friday, scoring a gain of 0.8% on the week, as uncertainty about economic and political stability increased desire for safe-haven diversification. The latest data from the Commodity Futures Trading Commission (CFTC) revealed that speculative traders on the Chicago Mercantile Exchange increased their net-long positions in gold to 159767 contracts, from 126724 a week earlier. The minutes from the Federal Reserve’s latest meeting showed that an interest rate increase could be on the horizon. I think as long as May jobs figures don't disappoint, the U.S. central bank will tighten in June.
While investors continue to see a rate increase as highly likely next month, they no longer see a strong case for an additional hike in December. Technically, trading above the Ichimoku clouds (the daily and the 4-hourly charts) implies that the market is likely to continue to benefit from the (medium-term) bullish outlook. We also have positively aligned Tenkan-Sen (nine-period moving average, red line) and Kijun-Sen (twenty six-period moving average, green line) lines on both the weekly and the 4-hourly time frames.

If XAU/USD can stay above the 1265 level, prices will tend to go higher. In that case, the market should visit the 1277.35-1276 area. A daily close above 1277.35 means 1283/2 and 1288 will be the next targets. Beyond there, the 1295/2 zone stands out as a solid resistance. On the other hand, if prices drop through 1265, then the 1261/59 area may be tested. Breaking down below 1259 paves the way for 1254, which happens to the top of the 4-hourly cloud. The bears have to capture this camp so that they can force the market to test 1251/0 and 1245 (the bottom of the daily cloud).
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  • #41,805
  • May 30, 2017 7:21am May 30, 2017 7:21am
m30
Target==>1274.xx
Over===>1269.6===>1274.xx
Below===>1259===>1254.xx
Attached Image (click to enlarge)
Click to Enlarge Name: m30.png Size: 55 KB
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  • #41,806
  • May 30, 2017 7:22am May 30, 2017 7:22am
Quoting nesta
m30 Target==>1274.xx Over===>1269.6===>1274.xx Below===>1259===>1254.xx {image}
why not 1278 or higher?
  • #41,807
  • May 30, 2017 7:29am May 30, 2017 7:29am
Quoting IPMan
{quote} why not 1278 or higher?
Hello.
We expect to have a balanced and logical and reasonable.
1270 is an important resistance.
If this resistance is broken, so 1279 1285 may also proceed according to our analysis.
But now everything depends on it in 1265.
If this resistance is broken the next step 1268-70 have solid resistance.
In such cases it is better to do trade in the market buystop.
Breaking down below 1259 paves the way for 1254, which happens to the top of the 4-hourly cloud. The bears have to capture this camp so that they can force the market to test 1251/0 and 1245 (the bottom of the daily cloud).
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  • #41,808
  • May 30, 2017 10:08am May 30, 2017 10:08am
H4
Over===>1269.7====>1274.xx====>1279.xx====>1285.xx
Below-===>1259====>1254.xx====>1247.xx
Attached Image (click to enlarge)
Click to Enlarge Name: h4.png Size: 61 KB
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  • #41,809
  • May 30, 2017 10:47am May 30, 2017 10:47am
Short (M5) and long term (H4):
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold M5.png Size: 37 KB
Click to Enlarge Name: Gold H4.png Size: 48 KB
  • #41,810
  • May 30, 2017 7:00pm May 30, 2017 7:00pm
Quoting nesta
{quote} Hello. We expect to have a balanced and logical and reasonable. 1270 is an important resistance. If this resistance is broken, so 1279 1285 may also proceed according to our analysis. But now everything depends on it in 1265. If this resistance is broken the next step 1268-70 have solid resistance. In such cases it is better to do trade in the market buystop. Breaking down below 1259 paves the way for 1254, which happens to the top of the 4-hourly cloud. The bears have to capture this camp so that they can force the market to test 1251/0...
Thanks Nesta
  • #41,811
  • May 30, 2017 8:09pm May 30, 2017 8:09pm
End of Month
Who made over 4000 pips in May?
If you haven't, you don't know what you are doing!
You came here for the truth and let me unveil it for you
  • #41,812
  • May 30, 2017 9:37pm May 30, 2017 9:37pm
Quoting RondaRousey
End of Month Who made over 4000 pips in May? If you haven't, you don't know what you are doing!
Guess who?
  • #41,813
  • May 30, 2017 11:24pm May 30, 2017 11:24pm
Inserted Video
  • #41,814
  • May 31, 2017 1:00am May 31, 2017 1:00am
Quoting RondaRousey
End of Month Who made over 4000 pips in May? If you haven't, you don't know what you are doing!
well then
perhaps an idea as to your reasons (in real time please)
I have my plan
whats yours
esp...
I will get my head around this, but always can be wrong
  • #41,815
  • May 31, 2017 1:00am May 31, 2017 1:00am
Quoting Aleksbuk
http://www.youtube.com/watch?v=mqSHNkjybNs
Thanks, I have the same plan for today.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #41,816
  • May 31, 2017 3:54am May 31, 2017 3:54am
Gold prices ended Tuesday’s session moderately lower as lack of bullish fundamental developments prompted some investors to lock in gains from a recent rally to a four-week high. The failure to pass through $1271.50-$1269 also weighed on the market. XAU/USD failed to break through this barrier for the third time in a row, and this fueled downside momentum. The market looks as if it will revisit the support right below at $1259, where the daily Tenkan-sen (nine-period moving average, red line) sits, today.
We have bullish Teknan-sen - Kijun-sen (twenty six-period moving average, green line) crosses on the weekly, daily and 4-hourly time frames. In addition to that, the market is residing above the Ichimoku clouds on the weekly and 4-hourly charts, indicating that the bulls still have the medium-term technical advantage. However, as I pointed out earlier, the upside potential will be limited unless the resistance in the 1271.50-1269 area is broken. XAU/USD has to anchor somewhere above 1271.50 in order to tackle the resistance in the 1277.35-1276 zone. A clean break out above the 1277.35 level would signal a further extension towards 1283/2.

If the market drops through 1259, the market will probably retreat to 1256.50. The top of the 4-hourly Ichimoku cloud stands at 1254, so we need to get down below there to make a move to the 1251/0 zone. Eliminating this support is essential for a continuation towards the key support at 1245, the bottom of the daily cloud.
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  • #41,817
  • May 31, 2017 4:01am May 31, 2017 4:01am
Quoting nesta
Gold prices ended Tuesdays session moderately lower as lack of bullish fundamental developments prompted some investors to lock in gains from a recent rally to a four-week high. The failure to pass through $1271.50-$1269 also weighed on the market. XAU/USD failed to break through this barrier for the third time in a row, and this fueled downside momentum. The market looks as if it will revisit the support right below at $1259, where the daily Tenkan-sen (nine-period moving average, red line) sits, today. We have bullish Teknan-sen - Kijun-sen (twenty...
Thankyou nesta, better read your explain than analysis use ichimoku by my self. You are great!
Ngono yo ngono, neng ojo ngono - Unknown
  • #41,818
  • May 31, 2017 4:38am May 31, 2017 4:38am
23mins until FOMC USD
Forecast:12

Quoting nesta
OVer===>1265.5==>1270 Below===>1259===>1256.xx
active

Waiting for a retracement lower towards the 1263
support level, or alternatively the break of the 1271
resistance level, in order to reinstate LONG
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  • #41,819
  • May 31, 2017 7:54am May 31, 2017 7:54am
Quoting nimtrader
{quote} well then perhaps an idea as to your reasons (in real time please) I have my plan whats yours esp...
Expect only nonsense replies and you won't be disappointed.
  • #41,820
  • May 31, 2017 9:41am May 31, 2017 9:41am
M30
target=1275.xx
Attached Image (click to enlarge)
Click to Enlarge Name: m30.png Size: 67 KB
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