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

  • #13,721
  • Nov 29, 2011 11:04am Nov 29, 2011 11:04am
This is my view of silver...and i am short on this pair...targeting 30,10 and my stop losss level is at 32,35
Both daily and 4H charts show the same direction and ichimoku cloud forms a very strong resistence above the price...so the price is expected to go to really lower levels...The daily chart shows lower levels like 28,74..
Attached Image(s) (click to enlarge)
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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #13,722
  • Nov 29, 2011 11:45am Nov 29, 2011 11:45am
Hello, as i see it we are in fascinating times for GOLD and Silver, price is low, size of positions in COT report is still lowest in years and slowly increasing, on my chart all indicator suggest excesive oversold zone, and we are still in money printing enviroment.

Here in attach is my picture of future TP.

Now is the time which future traders will looks at and say "Man, only if I bought Silver at that price"
Attached Image
  • #13,723
  • Nov 29, 2011 3:05pm Nov 29, 2011 3:05pm
Quoting abc2010
Hello, as i see it .......
Genius, why didn't I think of that?

Draw a green arrow pointing to the sky and wah lah instant target price.
  • #13,724
  • Nov 29, 2011 3:27pm Nov 29, 2011 3:27pm
Quoting SunTrader
Genius, why didn't I think of that?

Draw a green arrow pointing to the sky and wah lah instant target price.
  • #13,725
  • Nov 29, 2011 3:31pm Nov 29, 2011 3:31pm
Quoting SunTrader
Genius, why didn't I think of that?

Draw a green arrow pointing to the sky and wah lah instant target price.
I can top it!

.
Attached Image (click to enlarge)
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #13,726
  • Nov 29, 2011 3:38pm Nov 29, 2011 3:38pm
Quoting LasVahGoose
I can top it!

.
  • #13,727
  • Nov 29, 2011 3:54pm Nov 29, 2011 3:54pm
Quoting LasVahGoose
I can top it!

.
You nailed it!

  • #13,728
  • Nov 29, 2011 4:09pm Nov 29, 2011 4:09pm
Quoting SunTrader
You nailed it!

  • #13,729
  • Nov 29, 2011 5:04pm Nov 29, 2011 5:04pm
Quoting longshot_nl
i am a girl
  • #13,730
  • Nov 29, 2011 5:04pm Nov 29, 2011 5:04pm
Quoting abc2010
Hello, as i see it we are in fascinating times for GOLD and Silver, price is low, size of positions in COT report is still lowest in years and slowly increasing, on my chart all indicator suggest excesive oversold zone, and we are still in money printing enviroment.

Here in attach is my picture of future TP.

Now is the time which future traders will looks at and say "Man, only if I bought Silver at that price"
Hello...

so back to it... why $73.xx and what is your time frame? and where did this figure come from ?
  • #13,731
  • Nov 29, 2011 5:36pm Nov 29, 2011 5:36pm
Quoting abc2010
Hello, as i see it we are in fascinating times for GOLD and Silver, price is low, size of positions in COT report is still lowest in years and slowly increasing, on my chart all indicator suggest excesive oversold zone, and we are still in money printing enviroment.

Here in attach is my picture of future TP.

Now is the time which future traders will looks at and say "Man, only if I bought Silver at that price"
Quoting LasVahGoose
I can top it!

.
same here guys... it s already for me.. saw it

http://www.forexfactory.com/showthre...88#post5171788


miza.
  • #13,732
  • Nov 29, 2011 6:23pm Nov 29, 2011 6:23pm
Quoting smilemiz
same here guys... it s already for me.. saw it

http://www.forexfactory.com/showthre...88#post5171788


miza.
Although your chart is more than a simple price target on it there is something not right. Either your data is incorrect, or probably more likely, the label saying this is a daily chart is not right.

Because it displays about 200 (?) bars but the last time on a daily chart price was down at $10 was 2009 or about 700 bars ago.

Also I have a different wave count which time will tell which is correct.

Opps forget last point, I have the same - basically.
  • #13,733
  • Nov 29, 2011 7:16pm Nov 29, 2011 7:16pm
Quoting SunTrader
Although your chart is more than a simple price target on it there is something not right.
Hey ST - are you getting ready to short if poop hits the fan? This downgrade can't be good for equities, and thus gold.

I am surprised the run up has been so mitigated this round, but I do feel fairly strongly that we will eventually see another massive sell off in equity markets and that this will drag down gold (and oil) as was the case in 2008.

I will happily jump back in at this point as I ultimately believe that precious metals will remain on the agenda. I see no reason for gold to get hammered back to sub 1000 without some seriously debilitating deflation the central banks would never stand for.
  • #13,734
  • Nov 29, 2011 7:46pm Nov 29, 2011 7:46pm
The pair seems to complete its retracement soon when it reaches 1732...a pending order might be placed at that level targeting 1615 and with a stop loss level at 1752....this might be the beginning of a downwards rally ...

Regards...
Attached Image (click to enlarge)
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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #13,735
  • Nov 29, 2011 7:46pm Nov 29, 2011 7:46pm
To all The (Trading) Girls I've ever been involved with before.

Hello. My name is bill & I'm a guy.
From my perspective, I am truely interested in the 'Delta Factor'
Seriously:
I believe that Women have not only exhibited that they understand this maze but also that a lot of them understand it better than those they are asking for promotion.

Sounds a little Soft I know but here's the nitty.

"I'm a Guy. I'm Smarter" Bull$#it.
If You're a Guy, You probably just think you are.
If youre a Gal , you may be thinking of change.

Most guys see Sports College where Most Wives see College.+


Back to Forex.

FF is a HUGE College of Forex Info. Study or don't. There'rs no enumerstors.
But;
If you want to Trade into the Future. Read without reaction.

pOKIN' THE POPULUS.
  • #13,736
  • Nov 29, 2011 8:12pm Nov 29, 2011 8:12pm
Quoting selym_co
The pair seems to complete its retracement soon when it reaches 1732...a pending order might be placed at that level targeting 1615 and with a stop loss level at 1752....this might be the beginning of a downwards rally ...

Regards...
I don't understand where you have your top fib level, if that's what it is - shouldn't it be at 1920? Your bottom line matches the bottom of the retracement which is correct.

In which case the 50% retracement level would be at around 1745? (sorry no chart, not at desk). Correct me if I'm wrong

Cath
  • #13,737
  • Nov 29, 2011 8:20pm Nov 29, 2011 8:20pm
well...i modified my fibo tool in accordance to my needs with a few more extra levels...TP1 is 1,382 and TP2 is 1,618 ...and i mostly use TP1 because it is mostly reached...
and i added a few more black lines on the chart which will make it clear where fib starts and ends...i think it is more understandable now...
Attached Image (click to enlarge)
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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #13,738
  • Nov 29, 2011 8:26pm Nov 29, 2011 8:26pm
Quoting selym_co
i think it is more understandable now...
thanks
  • #13,739
  • Nov 29, 2011 8:34pm Nov 29, 2011 8:34pm
LOOKING READY!

Gold sits at 1725 and 1/2 with a healthy daily bar looking ready to crack out of the weekly channel yet again.

Continued reversal on Majors and some minors my faves Aussie and Kiwi and Loonie, will strengthen the inverse relationship now in effect between Gold and the USD. Thus, Gold up USD DOWN.

Strongest upcoming resistance in continuation will come in at 1796 and psycho 1800.

lIGHT BLUE= channel
Red top TL = upwards overspill - which needs to be filled in.

Just took a scalp on...
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,740
  • Nov 29, 2011 8:35pm Nov 29, 2011 8:35pm
After today when the EZ signed off on Greece's 6th bailout I am 100% bulllish. http://www.marketwatch.com/story/eur...nds-2011-11-29
Check out the daily Gold chart at the beginning of July when they received the 5th tranche of aid.
Here are the technical facts: We are just starting wave 3 which should be the largest, of course, and should run to $1969. The last down move stopped at 1667 which is exactly a 50% pullback from the 1532 to 1802. Nice retrace... price did not breach the 150 SMA which was at 1640. 1640 would have also been the 62% pullback from 1802 and the bears could not bring it there.
That's my take, like it or not. I'm long at 1678.

Edit: I think we are on the same page X.
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