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

  • #19,681
  • Jul 2, 2012 8:28pm Jul 2, 2012 8:28pm
Personally chart pattern wise I am more focused on the possible bull flags on AU and AG, yet if they range too long it will render the pattern useless.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,682
  • Jul 2, 2012 9:09pm Jul 2, 2012 9:09pm
I have added a watched trade to track it's performance with GOLD

Long AUDUSD.

STOP 100 PIPS
TP 200 PIPS or higher.

Let's see how she works.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,683
  • Jul 2, 2012 9:21pm Jul 2, 2012 9:21pm
Quoting XTrade
IS THIS SUPPOSED TO BE A REGULAR HEAD AND SHOULDERS?


If so I see it yet I am confused by your chart and where the head lies?

shall I redo in my view?
no it is not, I look it as a raw, and if 61.8 @1600 works than we can see 1520-16.area what is your view sir!
just live a life, don't be hard.
  • #19,684
  • Jul 3, 2012 12:55am Jul 3, 2012 12:55am
Quoting shaukat113
no it is not, I look it as a raw, and if 61.8 @1600 works than we can see 1520-16.area what is your view sir!
hello,
sorry for the intrusion.....
i would suggest to not look for that kind of pattern in a sideway trend like happening now. i mean: charts are full of H&S, revH&S, cup&handle, etc..... when price is closed in a tight range.

anyway, if you want to consider the possible revH&S, may i ask you why you are in a short position?
i mean: a rev H&S is a bullish sign to go near previous top range (1620), not certainly to be short to target the 'head area' (1550-60) or lower 1520.
90% of traders use TA, indicators and prediction
  • #19,685
  • Jul 3, 2012 1:02am Jul 3, 2012 1:02am
I still see a wedge in the higher time frame. Look at the orange lines!
So at least 1618 looks realistic in the near future. There is not much space left in the wedge so a bullish break out may be possible. But for us this is not to determine yet. Lets see what happens around 1620.
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  • #19,686
  • Jul 3, 2012 1:53am Jul 3, 2012 1:53am
Quoting _BBKing_
hello,
sorry for the intrusion.....
i would suggest to not look for that kind of pattern in a sideway trend like happening now. i mean: charts are full of H&S, revH&S, cup&handle, etc..... when price is closed in a tight range.

anyway, if you want to consider the possible revH&S, may i ask you why you are in a short position?
i mean: a rev H&S is a bullish sign to go near previous top range (1620), not certainly to be short to target the 'head area' (1550-60) or lower 1520.
yh short position, i am very short term trader If this pattern develop than price may hit 1570-65 area. I am going for that price,fabo 61.8 is around 1600 area so a strong down side move up to 1520-1515 can't be roll-out. in my view if market is bullish than it may test 1570-65 area and than go for 1690 area. if it breach 1547 than 1520 is next target. if you plz check on 4H chart 300EMA 27-3-12, 12-4-12, 1-5-12, 5-6-12, and 3-7-12. there is something market want to tell us!!!!!always looking for good advise an ideas
shearing one can not be 100% but if he ask from others than he may go home earlier. so I am no one I just want to gain knowledge from all of you. and want to do good. looking forward for your humble advice.
just live a life, don't be hard.
  • #19,687
  • Jul 3, 2012 2:14am Jul 3, 2012 2:14am
Quoting shaukat113
yh short position, i am very short term trader If this pattern develop than price may hit 1570-65 area. I am going for that price,fabo 61.8 is around 1600 area so a strong down side move up to 1520-1515 can't be roll-out. in my view if market is bullish than it may test 1570-65 area and than go for 1690 area. if it breach 1547 than 1520 is next target. if you plz check on 4H chart 300EMA 27-3-12, 12-4-12, 1-5-12, 5-6-12, and 3-7-12. there is something market want to tell us!!!!!always looking for good advise an ideas
shearing one can not...
uhm, personally i prefer trade gold in longer TF actually i'm bullish with some options i loaded last week. was looking to open a trade short at these levels around 1600 but looks like better wait a bit.
in my opinion, market is looking for reasons to buy or not to buy gold. reasons could be a lower price, or an higher price. a lower price means cheaper buy. an higher price means more speculators are buying so maybe there are some reasons.

in terms of numbers this means everywhere below 1520 can be a good level to buy. best 1440. everywhere above 1700 can be good to buy if bullish beahvior. until price is in the middle of these levels, better be cautious.

so overall, i prefer no short this thing for the moment.
90% of traders use TA, indicators and prediction
  • #19,688
  • Jul 3, 2012 2:54am Jul 3, 2012 2:54am
Markets are very thin this week with NY holiday tomorrow and NFP on Friday....

beeb
  • #19,689
  • Jul 3, 2012 7:22am Jul 3, 2012 7:22am
SI 240 tangling with the line shown in post # 19780

Needs to find support above the 28.00 level

beeb
  • #19,690
  • Jul 3, 2012 7:28am Jul 3, 2012 7:28am
Quoting beeb
SI 240 tangling with the line shown in post # 19780

Needs to find support above the 28.00 level

beeb
post 19780?????
just live a life, don't be hard.
  • #19,691
  • Jul 3, 2012 7:31am Jul 3, 2012 7:31am
Quoting shaukat113
post 19780?????
Yes - each post has a number at the top right corner. Look at the post numbered 19780

FFS.....

beeb
  • #19,692
  • Jul 3, 2012 7:45am Jul 3, 2012 7:45am
28.866!!!!! can we wait till that!!!@beeb
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just live a life, don't be hard.
  • #19,693
  • Jul 3, 2012 7:59am Jul 3, 2012 7:59am
sorry for that, where I can take profit!!is it @675
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just live a life, don't be hard.
  • #19,694
  • Jul 3, 2012 8:15am Jul 3, 2012 8:15am
shaukat113

I don't trade corn and I have no idea what you are asking me. I appreciate that English is probably not your native language but please try to express yourself clearly.......



beeb
  • #19,695
  • Jul 3, 2012 8:23am Jul 3, 2012 8:23am
yes English is not my native language, I just want to know that can I go long in silver after it get support @ 28.866. as per the charts. and for CORN I want to get advice where I can close trade (if not stop out) just in learning phase!!!!
just live a life, don't be hard.
  • #19,696
  • Edited 12:10pm Jul 3, 2012 8:29am | Edited 12:10pm
shaukat113

I don't know you - I don't know your financial situation, your objectives or your risk tolerances therefore I cannot in good conscience advise you. What may be a good trade for me might be an unacceptable gamble for you - or vice-versa.

Likewise you do not know me. I do not want you to trust me or to trust anyone else. For all you are aware, I could be a child playing on his parents' computer and taking delight in watching people lose money......

In other words if you feel you need to take advice, you should probably rethink the idea of trading or investing......

There is however plenty of information on this (and other) threads. I would suggest that you spend some time reading the accumulated "wisdom" and decide whether or not you can come up with a trading plan that suits you......

beeb
  • #19,697
  • Jul 3, 2012 11:07am Jul 3, 2012 11:07am
Price is struggling with major down trend line in daily timeframe
also PA looking to pass H4 supply.
also keeping this weeks fundamentals in mind we might test 1640 area
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  • #19,698
  • Jul 3, 2012 11:33am Jul 3, 2012 11:33am
Well guys, good news, in 2011 cost of mining gold ( average) was about 1500 dollars per ounce. Wow.
When Obama reelection will end, we will see true rally I think.
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  • #19,699
  • Jul 3, 2012 12:55pm Jul 3, 2012 12:55pm
Quoting vaidas7777
Well guys, good news, in 2011 cost of mining gold ( average) was about 1500 dollars per ounce. Wow.
When Obama reelection will end, we will see true rally I think.
So the cost tripled in 6 years.
  • #19,700
  • Jul 3, 2012 3:00pm Jul 3, 2012 3:00pm
we are experiencing a bit of technical resistance trying to cross back above the weekly channel dip line. (channel origin 2008.)

Price has been massively supported by the 100 week sma /

horizontal support at 1535 + demand in that zone 1550.

I believe this to be the beginning of a new upswing.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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