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Gold Day Trading

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peter2 said:
Not laughing at you but with you. The market has a mean sense of humour. ;)
Where are all the gold bulls, playing with crypto?
I'm buying at 1740 (SL 1725). Hoping it triggers soon in the UK/US sessions.

Noticed some buying in a beaten up (oversold) silver company today. It may portend a silver reversal soon.
Click to expand...

:smuggrin:
yep, try the space industry and crypto ...or worse nft....best part of the protagonists is pushing nft's: "normals dont get nft's"
yeah, wot they said in the Netherlands a while ago
money even coming out of bonds ......just your decadal rotation, nuthin to see here
 
XAUUSD long this afternoon. The entry was good but could have been better had I have waited, but I saw a break of structure on the 1 minute in a demand zone and got in. Trade was a 1 : 3.07 RR

jcOIr2FF
 
peter2 said:
I'm buying at 1740 (SL 1725). Hoping it triggers soon in the UK/US sessions.

Noticed some buying in a beaten up (oversold) silver company today. It may portend a silver reversal soon.
Click to expand...

I'm doubly long gold and happier. Even my little mate silver has perked up tonight.
 
peter2 said:
Not laughing at you but with you. The market has a mean sense of humour. ;)
Where are all the gold bulls, playing with crypto?
I'm buying at 1740 (SL 1725). Hoping it triggers soon in the UK/US sessions.

Noticed some buying in a beaten up (oversold) silver company today. It may portend a silver reversal soon.
Click to expand...
I believe many players have moved from Au to Crypto.

The numbers are large, but their spend is not. Also many new entrants because of lockdown are trading Crypto when in previous emergencies/disasters they would have gone Au.

Some large entities though are in to Crypto and when Crypto crashes as all tradables do from time to time Au will benefit. And it will add to the sense of panic.

Panic is good for Au. Because of that I like Au.

Which trader do you use @peter2 . I just use stocks as a proxy for Au.

gg
 
don't forget Ag , although apart from S32 i cannot find an acceptable silver play , so try to accumulate coins ( maybe not always pure silver ones )
 

Gold Stalls as UBS Tells Buyers ‘Get Out’ Before Losses Worsen​


au.finance.yahoo.com

Gold Stalls as UBS Tells Buyers ‘Get Out’ Before Losses Worsen

(Bloomberg) -- Gold slipped after finishing strongly last week, with UBS Group AG warning investors to rethink their bullion holdings as the global economy recovers and the greenback strengthens into next year.Bullion had been clawing back some ground over the past week after...
au.finance.yahoo.com au.finance.yahoo.com

DYOR


please note i am still trying to decide if to buy extra EVN , on-market or via the SPP

and have a top-up in the market for more GOR

so gold sliding further is attractive to me

good luck
 
ALSO there should be an options expiry date sometime soon

those pesky BIG traders might be trying to escape a squeeze
 
right thread!!
xauusd hammer time i 200821.png

the above chart shows the overnight open sell, stop just above, the set-up for further declines has not played out,
it important to not waste the available play while it is clear, it is also important to defend the set-up with counter DT's
above you see small size counter BTO's split STC levels, just shy of the designated target
(which did hit the target but sometimes do not reach the level - that's a hint of the underlying strength/weakness, about rejection)

xauusd hammer time ii 200821.png

buys banked, we now wait to see if the structure that should play out prints (this-mean-this game)
(note how weak the local $XGD is)

xauusd hammer time iii 200821.png

we hit the target for a second structural sell, news fits the trend, i lower the risk on the overnight in two ways:
positionally and with the longside hits earlier, i need to know if the "measured" move is endogenous or one of those pesky
"liquidity gangs know everything" things (yeah, a fake)
xauusd hammer time iii part b 200821.png
so stops shift:

below is the structural set-up as price was falling out of the minor channel
(note the EDW tip-off and the following limp uphill before the exit of the channel)
xauusd hammer time iv 200821.png
 
Oh, megaphones, that are usually a sell pattern. You gotta get off those 1 min charts. They'll give you the heebie jeebies.
 

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