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

Yes, the Red and Green bar below the chart is trendfilter indicator.. you can find it by googling "trendfilter forex" or you can search on this web just use keyword trendfilter..

If the bar change from green to red, then Sell, if the bar change from red to green then Buy.. but you must wait until the candle/bar close for confirmation.. so open position on the second bar..
this indi is not repaint after it close/ make confirmation..

thanks for your reply, But i am unable to find it, is it possible for you to send me in my e-mail ??

agazzi6,

why so many indicators - the Hull MA (14) shows the same signals.

Sixer

Hi Sixer,
I use a modified Hull [13].
Correction over, or uptrend consolidating???
Short with Stop at $1228.70 [Lower High]
Cheers, U2

I favour the Elliott count shown in the 120 min chart.
The first patterns in wave "v" are corrective.
The Gold Mafia is strong Long already - so wave "v" could be a "Failure".

Sixer

Gold is in a bear market

Yes this is a bear market in those those precious metals. My really long term prediction for gold is down to 1035 USD and silver to 8.5 USD. So don't try to be smart and think this is a long term buy ... If you don't bellieve me look at the monthly charts. Yest it's a really slow bear market probably because of all these funnymental analysts recommending gold and silver.

Uh no. It was really slow yesterday because most of the U.S. was on extended Thanksgiving weekend and as the LBMA recently acknowledged the U.S. Futures market trades more Gold than London nowadays. So as we rock everyone rolls - or not.

When I say slow I am talking in terms of weeks, not yesterday .... Thia is a bear market without denying this. The public is really going to bleed on this one because all small (and some big) retail investors that I know are long gold ...

While I agree it is most likely a bear market I don't pretend to know what ... all small (and some big) retail investors ... are doing nor do I care.

Just what price is doing.

I do agree: what price is doing is the only thing you should be looking at.
I am in the financial markets for over 30 years now, mostly as a trader but I also spent about 8 years as a broker (mainly to provide me income as my trading was not very constant at that time). In that capacity I got to know quite a lot of people; several I am still in contact with. Gold is a very overhyped market thanks to several kind of independant financial advisors and people thinking it must be a bargain. Since it's down over one third. People really like bargains in the financial markets without looking at the bigger picture. Chart reading is forwned upon at universities in my country. Some economic professors even bluntly state it's not possible.
Also the public thinks what the central banks are doing MUST be good for gold. I severly tend to differ in that opinion. It's not that most of these people aren't intellectually smart; they just don't know how financial markets work. So yes the public will bleed severely on this one since most of them are also way too heavy in this since they kept on buying way out of proportions regarding their portfolio (averaging down after several of them bought at the top). It's going to get painfull.

As an extreme totally crazy example: I know a surgeon who has over 40% of his assets in gold/silver/goldmines and silvermines. He likes to 'read' a lot. That sinsce five years. Just have a look at the charts of junior gold mines. All these stuff were at bargain prices. Too bad he lost over 80% on those mines. I warned him at that time he could lose extremely much ...

Like I said, price. Not some doctor or a financial adviser or two.

That's it.

doctors are really bad investors it's a well known fact in the financial world. As my father is one I know from personal experience.
Almost all independant financial newsletters are long gold in my country ... Even some with extremely good long term track records ... but in my mind they are gambling way too much and taking too much risk and rely on fundies which works sometimes and sometimes does not.
So I couldn't agree more with you: price tells you everything.

god can someone save us from these vids ... ? you don't have to think so much Alex... it's a bearmarket to keep till 1035 USD

Hi all. Maybe its time to go short on gold .1207 maybe good target for now.1226 is price for now

you sound like a piker, why go for such a measly target when we are going to 1035 usd ... if you want to daytrade try Dax or SP500

Can you advise In which year gold will reach 1035!! Look like you are over confidence dear.
With respect, it is all about probabilities.
If any sudden war or crises started , gold will fly .
Understand it is a bear market now for gold but long case still valid considered slow rate raising bath by FED as trump requested in many occasions.

However, I am currently shorting gold but don't excpect that it will go below 1166 in recent future.

You lack chartreading skills, sorry to say so, I have been in that place for over 15 years so don't take it personal.
Have a look at the monthly charts, they are not easy to read for beginners. It took me tow years of gut feel before I could state somethinig like we are going to 1035.
Timingwise I have no idea. silver and gold should bottom around the same time. Silver at 8.46 USD. Both are extremely slow markets at this point in time. Probably something to do with the cycles being somewhat opposed (I'd advise you to read something about Hurst to understand the why behind al this though it's not needed). Elliot Wave (which I positively hate is a derivative of cycle trading having more or less the smae principles behind them: all human activity is cyclic by natur
If you look at both charts yoe'l get where I got the 8.46 USD and the 1.035 from. Not even sure that's where the market is going to turn bullish though.
In fact I don't care cause I got intrest on my side: everyday I have to wait I am receiving some intrest. Hope you learned something out of this. I was a searching trader in technical analysis for 15 years untill things started to click. I was an extremely profitable options vol arb trader before that ...