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

  • #12,421
  • Edited 5:03pm Oct 24, 2011 3:07pm | Edited 5:03pm
Quoting KinG-Solomon
Excellent article by J. W. Jones

As Eurozone Steers Silver and Gold, Watch the US Dollar

http://www.minyanville.com/businessm.../2011/id/37536

http://image.minyanville.com/assets/...1/JWchart3.JPG

http://image.minyanville.com/assets/...1/JWchart4.JPG

funny because this is a scenario which I can see playing out...

Quoting Goldmansacks
------------- Oct 17, 2011 10:44am

Do you not think that this is already priced in? I get the feeling that there is not really going to be a difinitive solution, not this weekend(TICK) or the one after that (TICK) nor the one after that, because as I see it there is not a actual solution to be offered, not until the pthb actually start getting real, and the markets I think must already be pricing this in... I do see a difinitive continuation of more "kicking the can down the road" which is what we are all expecting ? personally I CAN also see a dip occuring before the "solution" (aka mass QE) is announced, but I think there may be USD rally first (before it drops hard) which is when gold will take its dip, at which time I am looking to buy, closer to $1600 from there I think we are all set to go... once the printers get revved up I want to be on the right side of the trade...
been thinking this is possible for while.. does not mean it will happen though of course... (and here is hoping for $1500)

or could just be wishful thinking...
  • #12,422
  • Oct 24, 2011 3:11pm Oct 24, 2011 3:11pm
Ahhhhhh! Just got home to my position trades.

Long

Kiwi and Long Aussie.

Position trading is the ultimate patience tester.

Sometimes perhaps better to not even view chart but once a day with major SR plotted and a target usually in the 500 to 1000 pip range.

They are new and I am a bit pissed I took profit on the first re-position of Aussie.

I believe I posted the old 700 pip trade. Any way. The trade was at 80 then 40 when I left this AM and now 140. What would be 240 if I had not tampered with it. Kiwi took a bit of a dive and I am still chugging with around 60 something....(again took profit once... I may even buy this dip......

Gold certainly looking stronger.

I would like to see a close at 1650 or above.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,423
  • Oct 24, 2011 3:13pm Oct 24, 2011 3:13pm
Quoting KinG-Solomon
Excellent article by J. W. Jones

As Eurozone Steers Silver and Gold, Watch the US Dollar

http://www.minyanville.com/businessm.../2011/id/37536

http://image.minyanville.com/assets/...1/JWchart3.JPG

http://image.minyanville.com/assets/...1/JWchart4.JPG
This could very well happen. He was the only one who predicted sell off from 1800 to 1550 . 2 days before it actually Happened .
  • #12,424
  • Oct 24, 2011 3:14pm Oct 24, 2011 3:14pm
If the Fed feeds the QE3, it won't matter what the charts say. It looks more and more like they will. The Euro mess will leave little options for cash to be held at safe havens. This is a time for fundamentals more so than technicals in my opinion. Which is all it is, an opinion.

http://www.ritholtz.com/blog/2011/10...ionqe3-coming/

Voting member Tarullo last night said if things don’t get better in the next few months, “there will be a strong case for additional measures…I believe we should move back up toward the top of the list of options the large scale purchase of additional MBS…in order to provide more support to mortgage lending and housing markets.” It’s GroundHog Day and these academics at the Fed again want to enlarge their role of allocating credit and fixing prices. They need to toss out their econometric models.
  • #12,425
  • Oct 24, 2011 3:18pm Oct 24, 2011 3:18pm
Quoting SunTrader
Ahhh that is just propaganda that "they" want you to believe.
+1
  • #12,426
  • Oct 24, 2011 6:30pm Oct 24, 2011 6:30pm
EMA cross, laguerre breaking

Attached Image (click to enlarge)
Click to Enlarge Name: ag1.jpg Size: 175 KB
  • #12,427
  • Oct 24, 2011 6:35pm Oct 24, 2011 6:35pm
bouncing off the weekly and daily pivot 1643-46 to the north noted for monday lets see what she does tue.
tue daily
1680
1643-44
1608
tue silver daily
32.51
31.32
30.13
  • #12,428
  • Oct 24, 2011 6:41pm Oct 24, 2011 6:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: demgold.jpg Size: 80 KB

Overhead demark trendline resistence on daily gold
Attached File(s)
File Type: ex4 DeMark Trendline Trader.ex4   28 KB | 491 downloads
  • #12,429
  • Oct 24, 2011 7:31pm Oct 24, 2011 7:31pm
Quoting khan101
...... He was the only one who predicted sell off from 1800 to 1550 ....
Without anything to back it up I'm sure he wasn't the only one to call top.
  • #12,430
  • Oct 24, 2011 7:35pm Oct 24, 2011 7:35pm
Quoting fawaol
+1
I hope you didn't take me seriously? I said kidding next line.

The "they" I follow is buying and selling.
  • #12,431
  • Oct 24, 2011 7:39pm Oct 24, 2011 7:39pm
Quoting Blud4oilPrgm
Overhead demark trendline resistence on daily gold
You do know DeMark trendlines represent supply or demand and requires any one of 4 different qualifiers to be satisfied before entry is acceptable along with a trigger.
  • #12,432
  • Oct 24, 2011 8:36pm Oct 24, 2011 8:36pm
I've found success simply using the indicator as support/resistance, didn't mean to imply a full on Demark signal.
  • #12,433
  • Edited 9:09pm Oct 24, 2011 8:46pm | Edited 9:09pm
Quoting Blud4oilPrgm
I've found success simply using the indicator as support/resistance, didn't mean to imply a full on Demark signal.
Hey its a free country but then I would refer to it only as a simple trendline since that is how you are using rather than as Tom DeMark recommends.
  • #12,434
  • Oct 24, 2011 9:06pm Oct 24, 2011 9:06pm
Looking at her behaviour, Its about time, she needs to come down now
  • #12,435
  • Oct 24, 2011 9:13pm Oct 24, 2011 9:13pm
Still towing the line.

Simple -
Above 1650 looking north - Truer resistance at 1662. Next 160/90 zone
Below 1605 area
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,436
  • Oct 24, 2011 9:19pm Oct 24, 2011 9:19pm
Quoting khan101
This could very well happen. He was the only one who predicted sell off from 1800 to 1550 . 2 days before it actually Happened .
you must of missed the heads up on may 1st 5740 and aug 22 9122 post along with a couple other aug 22nd and 23rd posts.
  • #12,437
  • Oct 24, 2011 11:23pm Oct 24, 2011 11:23pm
looks like WP @1646 is tested and yesterday close was @1652 and price now @1657
and if we break 1662 i think we are all set to 1668
  • #12,438
  • Oct 25, 2011 12:09am Oct 25, 2011 12:09am
long from 1620. If we can stay above 1650. I am targeting retracement level of 1690 first.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,439
  • Oct 25, 2011 2:27am Oct 25, 2011 2:27am
Quoting XTrade
long from 1620. If we can stay above 1650. I am targeting retracement level of 1690 first.
Watch out for that 38.2 ret on the daily - it's almost bang on 1680.
Attached Image (click to enlarge)
Click to Enlarge Name: goldfibs.gif Size: 18 KB
Anything can happen.
  • #12,440
  • Oct 25, 2011 2:32am Oct 25, 2011 2:32am
Quoting SunTrader
I hope you didn't take me seriously? I said kidding next line.

The "they" I follow is buying and selling.
Ok, ok, i just wanted to say that above analysis dont look much persuasively for me...
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