camerongill's Posts - Page 2

Gold Trader in Trading Systems Mar 30, 2020 at 07:59

Hello followers,A quick update... Gold Trader does not trade the last 2 days of the month so am waiting for mid week for more trades.End of month is a common time of volatility and expiring options. Also commercial traders often close positions at the end of the month.Gold is still showing very high spreads and has been side-ways for the last 4 days. It feels like a major move is brewing. Analyst are predicting further downside, I am on the fence and am waiting for the charts to tell the story.

Gold Trader in Trading Systems Mar 26, 2020 at 08:50

Hello followers,Look at this chart, have never seen this sort of price-action before.https://www.myfxbook.com/files/camerongill/gold_26032020.pngBe careful at the moment on gold pairs. The spreads are very inflated and impacting Gold Trader profitability.It is almost as if the charts are expecting something and cannot make up its mind as to what direction to go in.

Gold Trader in Trading Systems Mar 24, 2020 at 23:25

Hello followers,Wow, we have seen quite a recovery on gold. I have still maintained my bullish view on Gold, especially considering the massive global money printing in play at the moment. https://www.myfxbook.com/files/camerongill/gold_25032020.pngThe last few days have been remarkable and my feeling is that with yesterday's performance on the stock markets that there is still further downside around the corner. Stock markets have been up 5% one day, down 10% the next and very choppy as the markets are trying to price in this global pandemic (the pin) as well as the collapse of financial ...

Gold Trader in Trading Systems Mar 20, 2020 at 01:09

Hello followers,I am continually amazed how market psychology is displayed in technical analysis with mathematical rules. Look at the below chart and how a Fibonacci retracement from two lows based on different times to a recent high to come back to a common 50% and 61.8% region before reversing.https://www.myfxbook.com/files/camerongill/gold_18032020.png

Gold Trader in Trading Systems Mar 18, 2020 at 11:46

Thank you BlueEye, I appreciate your feedback. Regards, Cameron

Gold Trader in Trading Systems Mar 14, 2020 at 03:04

Zoo Wee Mama...What a huge sell-off. The buyers are just not there.The previous daily channel did not hold and we now have higher highs and lower lows with the lows being dominant.The reversal on DJIA is concerning, down 10% one day, up 10% the next. This is too volatile and am not expecting any normality in the markets next week. Part of me is saying to myself not to be surprised if the banks do not open next week and report an expended closing. I just do not believe the bounce on DJIA and find it difficult to believe that Trump declaring an emergency around the virus could turn things around...

Gold Trader in Trading Systems Mar 12, 2020 at 22:55

Hello followers,Wow, there was quite a sell-off on gold yesterday! Plus of course other markets crashing.Many people look at the day in isolation and think it is the end of the world, however when you look at the charts over 2-5 years it is not that bad, it is more like a move back to the average longer term moving average.My take on it was that the panic was about getting out of assets and back into USD.Bitcoin took an early hammering, gold next and then when the US stock markets opened it was on for young and old! I noticed a trading halt and then a slight pull-back (indicating traders buyin...

Gold Trader in Trading Systems Mar 12, 2020 at 22:38

Yes, it is interesting, sometimes silver makes a move prior to gold, other times there is a lag and delay of move after gold.Still, I am bullish on silver and gold.My basic thinking is that with all the money that is being printed and the devaluation of the dollar out of existence, then where can someone hold something of value? Gold and silver have been stores of value for thousands of years.Why would someone save up a big pile of cash only to have it devaluing as they sleep? Maybe before when you received a return of interest on your deposits, however those days have passed us. Holding a sil...

Gold Trader in Trading Systems Mar 12, 2020 at 22:32

I have trouble forecasting gold and did not see the move yesterday on the books.My thinking was that if the USD was taking a hit then the price of gold would go up. A bit like a see-saw on the XAUUSD pair.In my opinion, what we had yesterday was a sell off on gold and strengthen on USD.

Gold Trader in Trading Systems Mar 12, 2020 at 22:28

Yes, that does appear to be the case. I thought as it is used in solar panels, circuit boards and most importantly human internal instruments (such as pace-makers for an aged population) that it would be more popular from an industrial perspective.The fact that Bitcoin took a hammering before gold and silver yesterday is very interesting.

Post your XAUUSD Gold signs here in Experienced Traders Mar 11, 2020 at 01:15

Yes, gold has held up very well and held its ground whilst the markets have been hammered.Even Bitcoin gapped heavily on Monday's open.We are going to look back to this time in the future as a major financial/economic/social event. However, the cracks were appearing in the dam wall well before the virus and it was only a matter of time. The next issue is the amount of global debt at central bank and governmental levels.When are the markets going to bottom out? Who knows, personally I do not think we have seen the worst of it yet.How much higher will gold go? If the dollar crashes then it i...

Gold Trader in Trading Systems Mar 11, 2020 at 00:59

Hello Followers,GOLD TO SILVER RATIO: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 du...

Gold Trader in Trading Systems Mar 06, 2020 at 23:46

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 ann...

Gold Trader in Trading Systems Mar 04, 2020 at 03:26

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. https://www.myfxbook.com/files/camerongill/gold_04032020.pngThe obvious reason for the quick bullish move back to higher region is...

Gold Trader in Trading Systems Feb 29, 2020 at 08:33

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.https://www.myfxbook.com/files/camerongill/Gold_29022020.pngYou will notice that Bitcoin has also dropp...

Gold Trader in Trading Systems Feb 26, 2020 at 01:45

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...https://www.myfxbook.com/files/camerongill/gold_26022020.pngMy 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 t...

Gold Trader in Trading Systems Feb 24, 2020 at 02:39

Hello Followers,Gold keeps pushing north and started Monday with a decent gap. Normally these gaps are filled.https://www.myfxbook.com/files/camerongill/Gold_24022020.pngUnfortunately 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 ...

GOLD BULL in Experienced Traders Feb 17, 2020 at 07:24

In my opinion the shorters should be very careful at the moment.Look at the trend-line break on silver...https://www.myfxbook.com/files/camerongill/gold_daily.pngWhilst generally silver moves tend to lag gold it could be the other way around for a change.Given the economy, debt, virus and raging stock markets I would be surprised if we see gold below 1500 in the near future.A logical trade would be the triple top, however we are not in logical times.

Gold Trader in Trading Systems Feb 17, 2020 at 01:29

Hello Followers,Have updated the daily XAUUSD view...https://www.myfxbook.com/files/camerongill/Gold_17th_Feb_2020.pngWe are now seeing a different wedge view and either we are going to see a move down to the bottom trend-line or there is a chance we get a break above the upper line. The reason for the suspected break is when looking at the silver daily chart we are seeing a move above the upper trend-line (lower chart).This is very interesting as typically silver moves would be lagging the gold moves.The key factors are the virus, the US stock market highs (and nervousness around this) and th...

Gold Trader in Trading Systems Feb 13, 2020 at 23:29

GOLD FOMO:You may have heard analysts and commentators saying getting into gold before it is too late & it is going to 'infinity and beyond'. They also often mention 'FOMO' which is 'fear of missing out'. My thoughts are that whilst there are going to be strong moves on the price of gold, everything goes in cycles and there are as many forces pushing the price of gold down as there are pushing the price of gold up. These downward forces include; short sellers, profit takers, central banks not wanting people to lose confidence in fiat currency, commercial traders...

EURUSD	1.04057	GBPUSD	1.26065	AUDUSD	0.62199
USDJPY	150.531	USDCAD	1.44288	USDCHF	0.90092

Posts by camerongill