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

  • #14,301
  • Dec 13, 2011 8:11pm Dec 13, 2011 8:11pm
I've had just about enough of the USD strength with no fundamental reason.

Besides being slightly above expectations there are still NO fu-king jobs here.

What else?

Funds rate stays the same as well as a slew of other poor data.

AUD has come up on some old resistance which may be flipping support as we speak.

Gold seems to be turning around.

Euro is certainly oversold. I would prefer a long on Cable first then EUR.

Yet I am going to wait and see on most.

Jumped in small long on Aussie @ .9994

Looking to get long gold / silver
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,302
  • Dec 13, 2011 8:13pm Dec 13, 2011 8:13pm
Funny despite everything, silver REFUSES TO BREAK 30!!!

Just stays in the 30 to 33 range.

paring gains all the while.

MARK 1620 as interim support for Gold.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,303
  • Edited 9:57pm Dec 13, 2011 9:14pm | Edited 9:57pm
Quoting lilpip
As far as today goes staying above 1648-49 area noted. She told us yesterday what she thought of 1668-70, lets see if we can move through and retest mondays daily breakout 1692-96 area and see what she has to say.
tue.daily
1742
1692-96
1642
Silver staying above 30.75-95 area was also noted, seems to me you want to rotate back to weekly pivot, will you?
weekly
33.55
32.15
30.75-95
She says only 1 15 min. bar above 1670.
A break of tue daily lows 1642 along with the move threw 2012 single year timeframe trend guide 1649 Ill be watching the 1642-49 area response and silvers response at 30.75-95 area along with it, her daily close @ 30.75 is noted.
All those reports on gold going towards 2000 in the upcoming weeks best hope it stays above 1649 first.
  • #14,304
  • Dec 13, 2011 9:53pm Dec 13, 2011 9:53pm
Quoting XTrade
Funny despite everything, silver REFUSES TO BREAK 30!!!

Just stays in the 30 to 33 range.

paring gains all the while.

MARK 1620 as interim support for Gold.
A Change of Gaurd.Lots of Flipping amoungst Players but not a lot of PA Fluctuation.

People Already In are Exiting to People who Want to Be In.
Carefull. Both sides doing the same thing.
= Still Unrevealled.



B
  • #14,305
  • Dec 13, 2011 10:03pm Dec 13, 2011 10:03pm
Quoting dogbreath
What indicator is that for the candles?
Indis are from http://www.forexfactory.com/showthread.php?t=288142
PriceAction AHA
II_SupDem

but final close was something different looks like it will go down further.
I'm waiting for good signal. and staying out for now
  • #14,306
  • Edited 10:45pm Dec 13, 2011 10:13pm | Edited 10:45pm
Quoting XTrade
Funny despite everything, silver REFUSES TO BREAK 30!!!
Just stays in the 30 to 33 range.
MARK 1620 as interim support for Gold.
10-4 on the quarterly cycle extending out and rotating back to the 4th quarter trend guide or pivot 1617-20 area.
silver
4th quarter pivot 35.15
dec. month pivot 34.15
this week pivot 32.10
this week low 30.75
golds projected weekly low was 1668-70 and silver stood still while she dropped. It will be interesting to see what gold does
if silvers dropping below the 30.75-95 area, then again she might of been waiting on her sister to decide what to do with the primary trend guide 1649.
  • #14,307
  • Dec 13, 2011 10:24pm Dec 13, 2011 10:24pm
given that gold has not been below its 200MA since 2009 I'm very curious to see whether we're gonna bounce for a second time in several months, or fall through it which will definitely not look good for gold, and of course silver.

the bounce off 1622 was the 200MA I'm talking about that happened early AUS Session today. Personally I thought the buying would be ALOT stronger, but hey it was a thin market, we'll see what happens in london/US.

I also would like to note on silvers strength being able to hold above the 30 mark, amazing

Mitch
  • #14,308
  • Dec 13, 2011 10:25pm Dec 13, 2011 10:25pm
Quoting khan101
Well it happened and quite well for my clients hope you guyz made some $$$$$ aswell . I have around 30 % buy orders on 1620 above 200 DMA and 60 % buy orders between 1595-1605 so these make them key areas for me .I personally see a 1520-30 coming very soon based on my exp and all that matters lol.

Thanks for the inside info

What i think is that if 1600 cannot hold then 1400 is the bottom for me, what do you say about that?

I don't know about the volumes but gold still is charming for me, Silver too and not to forget Platinum.
  • #14,309
  • Dec 13, 2011 10:30pm Dec 13, 2011 10:30pm
My last post on this thread was Post # 67 so you can look back there if you want.

More importantly, what I see now. (Same Chart Same ICCE Same Grid Same Fibs) ie. Everything Other Than PA after the Pink Vert was known at the time of Post #67.
http://www.james16group.us/forums/at...id=47864&stc=1
Attached Image (click to enlarge)
Click to Enlarge Name: j16 dec 13 11 turning bullish.gif Size: 51 KB


We have Just (Dec 13) Retested the ICCE Channel but Rapidly climbed back out without any hover. This suggests 1659.xx is feasable
If we can Bull Run that level (Mike will have some PPZ in the way but ICCE would then be looking at) > 1,700.
1,709 as a matter of fact.

Rocky Roads full of pot holes require Very attentive Driving.


B
Hiya XT.
  • #14,310
  • Dec 13, 2011 10:42pm Dec 13, 2011 10:42pm
Quote
Rocky Roads full of pot holes require Very attentive Driving.


B
Hiya XT.

This reminds me of the song, a female singer once sang:

Rocky roads take me home to my male
Country papa, West Virginia, to my male
  • #14,311
  • Dec 13, 2011 10:50pm Dec 13, 2011 10:50pm
BTW, Where is Bumapataria ?
A lot of criticism from Suntrader and Xtrader, and lastly me when i agrued with him on astronomy, feel so sorry for him.

Attention Buma, if you are reading this, please come back Brother
  • #14,312
  • Dec 13, 2011 10:51pm Dec 13, 2011 10:51pm
Quoting LasVahGoose
Fresh Perspective courtesy ICCE 'Channel'. Not sure if there is such a think as an ICCE channel because I just made it up.



.
Looks like the RED scenario is playing out. My ICCE chart is probably 6 months old or so and haven't touched it. just noticed that price hit a low of 1622.34 and the 76.39% FIB is @ 1622.77. Amazing. Price always seems to react to the ICCE levels.

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-13_22-45_Trading Point MT.jpg Size: 142 KB
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,313
  • Dec 14, 2011 12:28am Dec 14, 2011 12:28am
I have a question. When I use MT4 I'm seeing the 200sma/xma at around 1648, but when I use netdania, I see 1622. Which one is right? I think the netdania one is right because reuters also shows it to be 1622.

If thats the case, does anyone know how I can fix MT4? Thanks.
  • #14,314
  • Dec 14, 2011 1:05am Dec 14, 2011 1:05am
Quoting nim1984
I have a question. When I use MT4 I'm seeing the 200sma/xma at around 1648, but when I use netdania, I see 1622. Which one is right? I think the netdania one is right because reuters also shows it to be 1622.

If thats the case, does anyone know how I can fix MT4? Thanks.
I'm also getting this issue
  • #14,315
  • Dec 14, 2011 1:06am Dec 14, 2011 1:06am
Quoting forexfacts
BTW, Where is Bumapataria ?
A lot of criticism from Suntrader and Xtrader, and lastly me when i agrued with him on astronomy, feel so sorry for him.

Attention Buma, if you are reading this, please come back Brother
He was not doing well,he was sick.But he was trading anyways
  • #14,316
  • Dec 14, 2011 1:10am Dec 14, 2011 1:10am
Quoting Ravissek
Pls someone tell me why gold is correlated with eurusd now.
Eurusd can go down more and more...oh my god...
IMO
USD index weights euro almost 50% in calculation and XAUUSD is inversely proportional to USDX..
so euro going down usdx going up and gold going down
  • #14,317
  • Dec 14, 2011 1:21am Dec 14, 2011 1:21am
Quoting jaimini
IMO
USD index weights euro almost 50% in calculation and XAUUSD is inversely proportional to USDX..
so euro going down usdx going up and gold going down
Well if euro will go down to 0.5 gold will go to 800$ ? wtf
Euro can go down for next 3 month...or until euro crashes...
this is not gold thread omg.This is Eurusd thread now
  • #14,318
  • Dec 14, 2011 2:51am Dec 14, 2011 2:51am
Quoting Ravissek
Well if euro will go down to 0.5 gold will go to 800$ ? wtf
Euro can go down for next 3 month...or until euro crashes...
this is not gold thread omg.This is Eurusd thread now
calculate in %
in last 3 days
euro down from 1.33765 to 1.30000 2.8%
gold 1714 to 1622 5.3%
so carrying same calc.
euro 1.3 to 1.2
gold 1622 to 1400

but what i believe if 1530 visit again then gold will rise back to 1600 atleast.
and then this correlation will break
  • #14,319
  • Dec 14, 2011 4:03am Dec 14, 2011 4:03am
Yes, I see it on EU. I can see two triangles on Gold as well last week. But it was a signal to short !!! Blue triangles are only for long entry?
  • #14,320
  • Dec 14, 2011 4:14am Dec 14, 2011 4:14am
Quoting forexfacts
Thanks for the inside info

What i think is that if 1600 cannot hold then 1400 is the bottom for me, what do you say about that?

I don't know about the volumes but gold still is charming for me, Silver too and not to forget Platinum.
up bro its more likely same for me .looking at weekly i see 1400 easily
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