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

  • #12,021
  • Oct 12, 2011 12:11pm Oct 12, 2011 12:11pm
Quoting ngr
no not ............
Forget about it. You still haven't answered the question. But its not important.

Now I see you do not expect to be taken seriously. Oh well.
  • #12,022
  • Oct 12, 2011 12:12pm Oct 12, 2011 12:12pm
Quoting SunTrader
Yes most times. Nothing is absolute.

But the expression is markets sometimes move like a boulder being pushed up a mountain and then at the top dropping off a cliff.
Nice and funny! You have better idea on how to representing it.

cheers
  • #12,023
  • Oct 12, 2011 12:41pm Oct 12, 2011 12:41pm
This fib level has to give in soon...
Attached Image (click to enlarge)
Click to Enlarge Name: goldfibs.gif Size: 18 KB
Anything can happen.
  • #12,024
  • Oct 12, 2011 12:54pm Oct 12, 2011 12:54pm
Quoting ddinnov
This fib level has to give in soon...
Agreed...its stuck right now. Bulls had some good momentum but fib is almighty.
  • #12,025
  • Oct 12, 2011 1:48pm Oct 12, 2011 1:48pm
Quoting Doncex
If you new in forex,I want to give you advice

listen carefully

first,if you have a feeling,or your accourding system that you now (for example)
need to go short, you do it in reverse,go not short,or go long!!

and by analogy with long

if you want to go long,or your system requires go long,you do it in reverse,go short,not long.

reliability 95% trades wins as I told You
Thanks for your keen advice. I take my own decisions to loose or gain.I am here is to learn things.I like to be always a learner not rather be.
  • #12,026
  • Oct 12, 2011 2:16pm Oct 12, 2011 2:16pm
Quoting Doncex
If you new in forex,I want to give you advice

listen carefully

first,if you have a feeling,or your accourding system that you now (for example)
need to go short, you do it in reverse,go not short,or go long!!

and by analogy with long

if you want to go long,or your system requires go long,you do it in reverse,go short,not long.

reliability 95% trades wins as I told You
In forex you are right,in Gold not.Forex kills my first acc
  • #12,027
  • Oct 12, 2011 2:34pm Oct 12, 2011 2:34pm
Quoting ngr
no not this forum is to share each others what they think about some with charts,fundamentals,techniques..... That was my view and i am in short.


Btw market is moving sideways to higher so have a tight stoploss
  • #12,028
  • Oct 12, 2011 2:41pm Oct 12, 2011 2:41pm
I see pivot at 1660 above that its bullish i buy below that i short .and Judging from candles there is a possibility of big bullish hourly spikes .
  • #12,029
  • Oct 12, 2011 2:51pm Oct 12, 2011 2:51pm
If you want to learn and stick around, post clear cut view with some sort of reasoning. Ie: technical or fundamental.

And don't have a wise ass attitude toward forum elders ie: SunT.

Quoting ngr
Thanks for your keen advice. I take my own decisions to loose or gain.I am here is to learn things.I like to be always a learner not rather be.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,030
  • Oct 12, 2011 3:07pm Oct 12, 2011 3:07pm
Here are some charts relating to my post about USD going down, Gold rebounding and risk coming back on.

Gold Chart. Shows the semi small range we were in. With Higher Highs and Higher Lows. Volume seems to be building after a small decline.

I will expect with the right formulation an initial test of 1700 then some sort of a
breakout through the area flipping the psycho level back to support.

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

Next chart - USD CHF - favorite pair to short the USD on.

-- clear downtrend channel seen with all time lows. Breach, and sustained.
Yet, now price is resting on interim mild support which I will expect to break in upcoming sessions.

A test of the top of the channel may be warranted if these conditions meet.

Yet, I will remain sort of non - biased longer term on this pair. I feel the lows can be taken out, yet with the recent Euro pegging to the CHF by the SNB it could be a done deal and although the USD may fall against other majors, it could potentially rise at this point against the swissy. I have been bearish on this pair for quite some time. Perfect example of where to open up a "hedged"
position. If you were short say for 1000 pips, then saw the channel break as a possibility as well as buying against your position at the lowest price ever...

Well, you'd be in the money on both sides.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAU_USD range break teter.GIF Size: 35 KB
Click to Enlarge Name: USD CHF update oct 12 011.GIF Size: 84 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,031
  • Oct 12, 2011 5:44pm Oct 12, 2011 5:44pm
"Bull Calf":
I have my lower Indi Windows for a Reason.
I don't often discuss them because there is a little 'Art' involved in reading them but as I see them now, combined with PA & ICCE...

1,706.xx is a Lock.
Attached Image (click to enlarge)
Click to Enlarge Name: daily oct 12 11.gif Size: 42 KB

THEN:
The Gloves are Off.

Bears will Protect:
1,740.
1,760.
1,790.
1,835.
Before we have a shot at the TOP.

But for now;
I will dabble with my Indis & Golden Diag to venture a coin or two to the Long Side.

B
  • #12,032
  • Edited 1:19am Oct 13, 2011 1:07am | Edited 1:19am
Quoting Bemac
"Bull Calf":
I have my lower Indi Windows for a Reason.
I don't often discuss them because there is a little 'Art' involved in reading them but as I see them now, combined with PA & ICCE...

1,706.xx is a Lock.
Attachment
THEN:
The Gloves are Off.

Bears will Protect:
1,740.
1,760.
1,790.
1,835.
Before we have a shot at the TOP.

But for now;
I will dabble with my Indis & Golden Diag to venture a coin or two to the Long Side.

B
err ... beg ur pardon , Your Excellency ...

err ... i am abit dumb-witted ...

can u say/explain it in plain simple English , please ...

thank you , Your Excelleny ..

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

also, for study sake , how strong is the divergence ?

below is the Dec Futures chart ...
Attached Image
  • #12,033
  • Edited 2:01am Oct 13, 2011 1:46am | Edited 2:01am
I new this was going to be a difficult week to anticipate.
Gold hit the anticipated 1691 area and rotatated back hanging around monthly pivot 1674 and waited for sis to reach her monthly pivot area 33.28.
So whats the 2 of you going to do ?
Look for direction coming out of golds weekly pivot 1664 along with eye on 1674 response to the north.
sis weekly pivot is 32.62 and response to the north of 33.28.
Again being that we are dealing with higher timeframe rotation (yearly and quarterly) its harder to anticipate direction.
She acts like she wants to head north with her daily close above 1674 but usually when one is topped out as gold has been this week and waiting for the other, past habits is to head south.
mind the mm.
  • #12,034
  • Oct 13, 2011 1:59am Oct 13, 2011 1:59am
Just my modest opinion:

Area 1678-1682 is one good level so far. That is a fibo 38.2 retracement from ATH 1920.75 to low at ~1532.

In bullish scenario, breach of that, then round number 1700 (1702 was level when price first droped from ~1900), then pullback to ~1700, combined with good SR level + TL - will give clear sign of better setup for long. That I could hold for longer, IMHO.
  • #12,035
  • Oct 13, 2011 2:12am Oct 13, 2011 2:12am
Quoting Chika Kure
Just my modest opinion:

Area 1678-1682 is one good level so far. That is a fibo 38.2 retracement from ATH 1920.75 to low at ~1532.
what do you have on the daily that would show a good entry for your daily orders ?
Im looking at 1664 and 1674 response.
Im in at 72 and waiting on silvers response @ 32.62 area they should tell us if we have to flip.

see that response , reading her like a book.
theres your 78 area and mondays highs.

we seen those 3 5 min. bars lets see the next 3.
gotta tend to bus.
  • #12,036
  • Oct 13, 2011 4:28am Oct 13, 2011 4:28am
[quote=TheArcher;5036551]err ... beg ur pardon , Your Excellency ...

err ... i am abit dumb-witted ...

can u say/explain it in plain simple English , please ...

thank you , Your Excelleny ..

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

Whats that all about?
  • #12,037
  • Oct 13, 2011 4:30am Oct 13, 2011 4:30am
Hi im learning about trading gold...does gold work on supply n demand basis?
And currently on daily chart are we forming an ascending triangle? Plus the 50% fib level of the fall from 1909 is around 1720...does gold correlate with forex pairs?
  • #12,038
  • Oct 13, 2011 5:58am Oct 13, 2011 5:58am
did the gloves just come off early?
  • #12,039
  • Oct 13, 2011 6:53am Oct 13, 2011 6:53am
Just found quite a good article on gold, silver, EUR/USD. very informative on the fundy side and also highlight's the MACD crossover Bemac pointed out earlier.

I don't usually pay attention to indicator crossovers like this but coming from a senior J16 instructor I'm all eyes:

http://www.marketoracle.co.uk/Article30938.html
Anything can happen.
  • #12,040
  • Oct 13, 2011 8:00am Oct 13, 2011 8:00am
Quoting TheArcher
err ... beg ur pardon , Your Excellency ...

err ... i am abit dumb-witted ...

can u say/explain it in plain simple English , please ...

thank you , Your Excellency .....
And I thought I was the only one.

Simpler and clearer is what I always strive for. Especially on a forum with so many nationalities and experience levels.

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