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Gold Trader

Zisk : +152.7%
Čerpání 37.69%
Pipy: 24411.0
Obchodníci 639
Vyhraná :
Prohraná :
Typ : Reálný
Páka: 1:400
Obchodování : Ručně
Cameron Gill (camerongill)
Feb 24 2020 at 02:39
110 příspěvků

Hello Followers,

Gold keeps pushing north and started Monday with a decent gap. Normally these gaps are filled.

Unfortunately for Gold Trader, it does not ride these big moves and only really generates trades when the markets are ranging. Normally charts range 80% of the time and we are in one of those 20% of the times when gold takes a major move.

My thinking is that the buyers are going to be taking some profit in the next couple of days. Otherwise the other signal is that the sellers are shrinking up and longer term buyers are taking charge, if that is the case it is not good for the USD.

Přílohy :

Cameron Gill (camerongill)
Feb 26 2020 at 01:45
110 příspěvků

Hello Followers,

We have had a huge couple of weeks on gold. The virus has seen gold become a safe-haven and we have seen stock markets across the globe retracing off highs. This could be the start of a global stock market correction, one that you would normally see in October. From a cycle perspective, a correction is well overdue.

Looking at the gold chart we can see a major new 7 year high and has now settled back...

My feeling is that we are going to see a re-test of the new blue trend-line that I have draw on the daily chart. From there I would expect a bounce back up, however this may take some time to recover considering the strength of the recent gains.

Unfortunately those traders calling a triple top have been stopped out or blown their account. These people are now very quiet on the forums! People need to remember that with gold it is different than forex/currencies and that when trading EURUSD you can focus on the EUR fundamentals and monitor correlations however with XAUUSD the major impact on XAU is the USD technicals. We all know that the dollar is near end of life and it is now a matter of time before a replacement comes along or we move to some form of gold/silver standard. Just my opinion anyway...

Přílohy :

Cameron Gill (camerongill)
Feb 29 2020 at 08:33
110 příspěvků

Hello Followers,

We had a massive end of month sell off on gold after a big week of red on the stock markets.

The most recent trend-line was broken and there is a chance of a bounce back, however it appears that there will be further downward pressure on the pair. Would be very surprised if it went below 1500, however anything is possible.

My thinking is that the USD or EUR should be dropping more than XAU. If this is the case we may see a move back to the new blue trend-line and then bounce up.

You will notice that Bitcoin has also dropped considerably.

Next week will be interesting. It appears that the coronavirus may be a true global pandemic and this is halting factories, closing down cities and causing much panic.

Don't they say that when there is blood in the streets, then that is the time to buy...

Přílohy :

Sajjad Mozayani (sajjadmozayani)
Feb 29 2020 at 18:43
2 příspěvků
XAU/ Daily/ 2020.02.28

Přílohy :

Cameron Gill (camerongill)
Mar 04 2020 at 03:26
110 příspěvků

Hello followers,

Have not had any trades come up so far this month.

I do not want to get into trades too early and the EA entries are just not being triggered.

What is interesting is that a gold/silver analyst that I check weekly was promoting sell orders at 1508. These would have been triggered and would now be in a decent draw-down.

The last few days demonstrate why Gold Trade is buy only as if it included shorts I would expect to have been caught in the recent move.

The obvious reason for the quick bullish move back to higher region is the lowering of interest rate and panic around virus. Many reserve banks are talking further stimulus, which is not good for fiat currencies.

We have NFP on Friday so will wait and see.

There is a chance no trades will be generated this week.

Přílohy :

Cameron Gill (camerongill)
Mar 06 2020 at 23:46
110 příspěvků

Hello Followers,

We had quite a roller-coaster yesterday and in the last week we have seen further bullish momentum on gold.

Will be interesting to see what Gold and Silver Club analyst reports next week as he was talking short orders at 1609. We had a consequent move up to 1690.

Unfortunately for the Gold Trader strategy it does not pick up on those major moves, only ranging long trades. Fortunately for Gold Trader strategy it does not get caught up in major sell-offs (well hasn't to date anyway!).

Looking at the chart we can see that move on Friday where the Non Farm Payrolls reading was announced and was opposite to expectations. So we saw a move up prior in anticipation of a negative reading for USD, then the announcement which saw the move down, and then finally I think that traders thought that the announcement was fudged and bought back in to move back up.

Next week will be interesting and am hoping that Gold Trader picks up a few trades. Last week was an extremely quiet week.

Přílohy :

Cameron Gill (camerongill)
Mar 11 2020 at 00:59
110 příspěvků
Hello Followers,


Keep an eye on the Gold to Silver ratio. It is a bit less than 100:1 and indicating that gold is over-valued and silver is way under-valued.

Silver has had a rough run recently and cannot explain why this would be the case. Silver has more industrial applications than gold and perhaps the recent closing of factories due to virus fears has been reflected in the price. However, fundamentally we have a dollar that is crashing and silver (and gold) are both solid commodities and stores of value.

The reason why Gold Trader is not Gold & Silver Trader is due to the fact that the correlations between the two are not accurate, silver chart tends to me way more volatile and it feels that silver is very jumpy whereas gold is more reliable for trend-lines and technical analysis. It is very clear that the volumes ($ not oz) on gold are higher than silver.

Mar 12 2020 at 16:52
27 příspěvků
According to my observations, interesting situations with silver are rare, maybe this metal is not very popular?!

Mar 12 2020 at 17:48
19 příspěvků
I think I use gold much more often because this asset correlates perfectly with the U.S. dollar and therefore it is much easier to make quality forecasts.

Mar 12 2020 at 18:25
17 příspěvků
I would not say that silver is an asset that is rarely used in trading. I have many acquaintances who actively earn on metal values and it brings them pleasure. Another thing is that news that would be related to silver happens an order of magnitude less frequently than news on gold or platinum. On the other hand, silver is less susceptible to strong jumps, and as a rule, the price of this goes from level to level, which allows you to competently think out long-term positions.

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