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

new member from China

1786.37....will it break through...

Whoops - accidentally erased my SI 20 min link. Here it is updated and still working well:

http://www.screencast.com/t/f06SRDbu8PvH

beeb

Check out my post HERE for the indicator. If you do search on Forex Factory for the indicator you'll find the original thread with instructions on how to use it. You have to name the indicator the same as the name of the fork or vise versa.

It'll give MT4 close to the ability as the higher end charting packages for Pitch Forks.

Thank you very much.

If this resistance @ 1784 pops,
Hesitation @ the Prev High of 1814 but ~1829 is the target.

B

Quiet session so far - GC continues slowly higher clinging to the blue ML. But maybe looking a bit "heavy" as it reaches poss P resistance as shown and also poss red WL resistance. Blue support and resistance lines are fairly obvious......

beeb

GOLD- AT time of post 1783
Little morning diperoo.... Agree beeb super slow session. H4 bars look like m1s!

Looking for appx $5usd further perhaps to 1576 area then bounce up thru 1780.

SILVER: at time of post 40.05
The fight to retake 40 is not going lightly. I am thinking this line is being guarded again as 20 was. To be completely honesT I would not mind a dip to scoop up some more physical.

--------------------------------------------------------------------

The last few hours have been HOT HOT HOT.

100 pips fibre.
100+ pips aussie
Kiwi still being sluggish but once damn 8400 goes we should be looking for 100 +
Cable - despite poor data offered up close to 200 pips high to low north.
U/CAD finally seems to be giving up getting blocked at old supports now turning resistance PA turning bearish.
SWISSY- I am still waiting to jump on this short. Will signal if I do - Down 150 pips from high - so I missed initial entry but I won't trust it until .7777 goes

Back to aussie. It fell through the uptrend Line and has been testing it from below - last test came 1.5810 which is R2. Now we have a dip and it looks like it wants to pop it.

If anyone is trading Aussie I will post a chart.
------------------------------

AUDCAD 20 min - long from red circle

http://www.screencast.com/t/lIHu1xxjv

beeb

What 1.044? same entry.

I tp'd yesterday from the 12th with something like 140 before the dip.

Beeb she's going for retake of the line!!! A/U


Also Kiwi current price - Dollar is dumping

Should have got long cable! damn....

http://img18.imageshack.us/img18/3317/usdxcritical.png

The way I see it on USDX, a crack below yellow box is a question of very short time, once cleared, it's all the way to the red box.

Upon gold I think that reflects into more strength. I prefer the PA to build a nice base @ 1780-1790 area, which will signal that gold is prepping to clear more upside and recent highs, expanding well above 1850. I'd be looking to go long once stronger base is present in the highlighted area.

GC 20 again obeying the script.......see post #9032 for "before" ......




beeb

closeup

beeb

40.37 - Granite-Cement-Brick Wall - no breaking it here

See post #9028 which still seems to be working and where s and r were only exceeded by a few cents today...

beeb

Someone took qa Short based on Radicle Climb.

Still will play to the Long Side on Gold.


B

See charts mm(not a big reversal but shorter term i m seeing selling opportunity)

imo gold is just building a stronger PA base to take out recent high @ 1815. We are slowly creeping into one of the stronger periods for gold, starting with August 22 and lasting well into October.

Wait for Bemac
Can you give a new prediction on the Gold by your amazing chart