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  • #12,261
  • Jul 24, 2014 9:39am Jul 24, 2014 9:39am
Quoting Matts Micro
Past the BO point unless a FO this should head to 1284 before the bulls get back on board imo.
Yeah getting closer. Have buy limit waiting with TP.
As the lights go by so too do the shadows move
  • #12,262
  • Jul 24, 2014 9:44am Jul 24, 2014 9:44am
Silver has reached psychological SR level at $20.5 - I personally see a retrace to at least $20.8 from here (not today but the next move).

This is a gold thread but just want to keep the correlating pair in the picture.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver 1.png Size: 118 KB
To live a successful life, we must lose our fear of being wrong
  • #12,263
  • Jul 24, 2014 9:45am Jul 24, 2014 9:45am
I added long at 1290.50
Senior Trader Multi-Account Manager
  • #12,264
  • Jul 24, 2014 9:49am Jul 24, 2014 9:49am
Quoting atom3
Ohhhhh i will retire before my TP is reached with this speed And to be honest i don't see enough momentum neither room for a big fall, not today, although i will be more than happy to be wrong.
Yess i was wroong
although it better close below 1290$...
Quoting EatPIPs
Silver has reached psychological SR level at $20.5 - I personally see a retrace to at least $20.8 from here (not today but the next move). This is a gold thread but just want to keep the correlating pair in the picture. {image}
If gold reaches 1282-1280 silver will be around next Fibonacci level - 20.30-20.27 so don't count much on that psychological level
  • #12,265
  • Jul 24, 2014 9:57am Jul 24, 2014 9:57am
the high for next hour must not be higher than 1292.04 or 1293.7
  • #12,266
  • Jul 24, 2014 10:01am Jul 24, 2014 10:01am
Quoting atom3
{quote} Yess i was wroong although it better close below 1290$... {quote} If gold reaches 1282-1280 silver will be around next Fibonacci level - 20.30-20.27 so don't count much on that psychological level
The retracement has technically been completed. Any lower now is just going into the over sold territory.

Not disputing it won't get to the low $1280s, no one know what "will" happen.
To live a successful life, we must lose our fear of being wrong
  • #12,267
  • Jul 24, 2014 10:07am Jul 24, 2014 10:07am
1280 lines up with 61.8 of previous up move. If this is impulse wave 3 of 3 then this is just getting going....
Attached Image (click to enlarge)
Click to Enlarge Name: goldsbh4.png Size: 52 KB
Anything can happen.
  • #12,268
  • Jul 24, 2014 10:09am Jul 24, 2014 10:09am
Quoting EatPIPs
{quote} The retracement has technically been completed. Any lower now is just going into the over sold territory. Not disputing it won't get to the low $1280s, no one know what "will" happen.
I would suggest buying / investing in a very conservative manner.

It can remain over-sold, over-bought for long time and continue to climb / fall through long range.

my 2 gold coins.
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  • #12,269
  • Jul 24, 2014 10:11am Jul 24, 2014 10:11am
Quoting EatPIPs
{quote} The retracement has technically been completed. Any lower now is just going into the over sold territory. Not disputing it won't get to the low $1280s, no one know what "will" happen.
I know it's not clear will it happen but i mean gold is the more traded instrument from these two and by a lot more so gold is leading the way not silver
  • #12,270
  • Jul 24, 2014 10:11am Jul 24, 2014 10:11am
Massive downtrend is continuing. Probable stopping point seems to be 1281.
  • #12,271
  • Jul 24, 2014 10:14am Jul 24, 2014 10:14am
I'm waiting for Australia to win a gold medal in the Commonwealth games before buying.
As the lights go by so too do the shadows move
  • #12,272
  • Jul 24, 2014 10:14am Jul 24, 2014 10:14am
seems like everyone is awaiting to go long @1280 , well yeah so do I
Keep calm and go GREEN...
  • #12,273
  • Jul 24, 2014 10:15am Jul 24, 2014 10:15am
Quoting atom3
{quote} I know it's not clear will it happen but i mean gold is the more traded instrument from these two and by a lot more so gold is leading the way not silver
Totally agree.
To live a successful life, we must lose our fear of being wrong
  • #12,274
  • Jul 24, 2014 10:15am Jul 24, 2014 10:15am
Quoting ClockTrader
{quote} I would suggest buying / investing in a very conservative manner. It can remain over-sold, over-bought for long time and continue to climb / fall through long range. my 2 gold coins.
To live a successful life, we must lose our fear of being wrong
  • #12,275
  • Jul 24, 2014 10:17am Jul 24, 2014 10:17am
Quoting nofirumi
seems like everyone is awaiting to go long @1280 , well yeah so do I
Just make sure PA looks good. I'm anticipating 1280 to be a bump in the road on the way down...
Anything can happen.
  • #12,276
  • Jul 24, 2014 10:19am Jul 24, 2014 10:19am
Quoting waleed.khan
http://www.forexfactory.com/showthre...15#post7623315 Price broke down as stated in the lower chart; this is a key area to watch PA and if there are going to be supporting volume and price action candles! If not then we could go lower and find support above impulse wave 1 (1263) or (1284) *for those who are learning about elliottwaves - the wedge is not a typical textbook pattern for elliottwaves; infact most people would view that as a bullish wedge pattern - but I have found that when this set up is mixed with the context...
http://www.forexfactory.com/showthre...97#post7620797

http://www.forexfactory.com/attachme...1&d=1405974077

If pa posts a price lower than 1284 on the 4 hr chart!
  • #12,277
  • Jul 24, 2014 10:21am Jul 24, 2014 10:21am
Few days back, when I said, South does not look bad in this image and here we are..

Price can get some fresh air, some relief from sideways

1270-80 range looks good to me for support.

I would not like add any more longs below 1280 unless it bottoms out on my VSA (h1)
Attached Image (click to enlarge)
Click to Enlarge Name: ss.PNG Size: 23 KB
Hello World!
  • #12,278
  • Jul 24, 2014 10:24am Jul 24, 2014 10:24am
Quoting ClockTrader
Few days back, when I said, South does not look bad in this image and here we are.. Price can get some fresh air, some relief from sideways 1270-80 range looks good to me for support. I would not like add any more longs below 1280 unless it bottoms out on my VSA (h1) {image}
just added 2 more longs @ 90

another reason to not add longs below 1280 would be that I already have a nice set of root longs there :-D Got like 9 longs in 1240-50 range
Hello World!
  • #12,279
  • Jul 24, 2014 10:26am Jul 24, 2014 10:26am
Quoting anton.olff
{quote} Think the market will range till we get to autumn.
somehow I really dread this possibility ...it would form a perfect abcde pattern on the daily chart though :: Scenario 2 if price finds support in the 1280's.
http://www.forexfactory.com/attachme...3&d=1405637691
  • #12,280
  • Jul 24, 2014 10:41am Jul 24, 2014 10:41am
Quoting wafiqsalameh
an old method i used to trade with long time ago and it 85% right,if i have a short position on gold right now,not to close it till next month,and to be closed at this months low minus five dollars
im considering this in mind just to be psychologically ready for what will see these two weeks , not good at long targets,but 1263 looks good
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