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

  • #14,981
  • Jan 2, 2012 7:14pm Jan 2, 2012 7:14pm
Quoting XTrade
Long AUD and NZD now entered.
nice trade on aud, watching it rocket off....
The best indicator is price.
  • #14,982
  • Jan 2, 2012 7:22pm Jan 2, 2012 7:22pm
Quoting scfx
nice trade on aud, watching it rocket off....
True... classic continuation which almost never seems to fail...partial proft taken...should be at least more 1 impluse...

Entry

Attached Image (click to enlarge)
Click to Enlarge Name: AUD 03janb.jpg Size: 125 KB


Result so far

Attached Image (click to enlarge)
Click to Enlarge Name: AUD 03jan.jpg Size: 133 KB
  • #14,983
  • Jan 2, 2012 7:40pm Jan 2, 2012 7:40pm
Quoting momotrader
True... classic continuation which almost never seems to fail...partial proft taken...should be at least more 1 impluse...

Entry

Attachment

Result so far

Attachment

nice one momotrader!
The best indicator is price.
  • #14,984
  • Jan 2, 2012 8:09pm Jan 2, 2012 8:09pm
Going to take a break till Euro session. two trades two wins.

see attached chart with entry's on the arrows. Over 8$ Trade 1 was a trend break gap, with a higher bar close. 2nd trade was a trend cont with set up bar a doji.

scfx
Attached Image (click to enlarge)
Click to Enlarge Name: gold 3 1 12.gif Size: 19 KB
The best indicator is price.
  • #14,985
  • Jan 2, 2012 8:22pm Jan 2, 2012 8:22pm
As per my previous post...."AUD and NZD had broken up and threaten further impulses...EUR is about to pull up also....all these make for a weaker USD, therefore more likely XAU gains...."


EURUSD Chart below gives a bit more credo to this, indicating a greater chance for bounce in XAU over the next week at least..

Attached Image (click to enlarge)
Click to Enlarge Name: EUR 03jan.png Size: 82 KB
  • #14,986
  • Jan 2, 2012 11:41pm Jan 2, 2012 11:41pm
gold daily
bias is down from 1606.
1600-1606
1564
1522
  • #14,987
  • Jan 3, 2012 12:15am Jan 3, 2012 12:15am
Gold Year 1950: $35
Gold Year 1960: $35
Gold Year 1965: $35
Gold Year 1970: $35
Gold Year 1975: $160 (peaked at $180, roughly 5 times of $35)
Gold Year 1980: $610 (peaked at $850, roughly 5 times of $160)
Gold Year 1985: $315
Gold Year 1990: $380
Gold Year 1995: $380
Gold Year 2000: $280
Gold Year 2005: $440
Gold Year 2010: $1200
Gold Year 2011: $1570 (roughly 4 times of $400 of 1990s)

So still $2000 is not out of picture.
Specially Keeping in mind the condition of world currencies.
Falling confidence in paper and rising in gold can be seen in this simple chart, its steadier than before.

The rise is spread in Years and not months:

Attached Image
  • #14,988
  • Jan 3, 2012 12:24am Jan 3, 2012 12:24am
Nice post FF!

Here is the weekly candle at current. follow up to my prior post.

If she can reclaim the channel we should be going back up.]\\


see below
Attached Image (click to enlarge)
Click to Enlarge Name: gold dip line jan 2012 2 follow up.GIF Size: 29 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,989
  • Jan 3, 2012 12:34am Jan 3, 2012 12:34am
Quoting XTrade
Nice post FF!

Here is the weekly candle at current. follow up to my prior post.

If she can reclaim the channel we should be going back up.]\


see below

I am reading and watching your charts Xtrade, good job man
  • #14,990
  • Jan 3, 2012 1:05am Jan 3, 2012 1:05am
Further confirmation Gold has def not bubbled yet....

Remember below chart is on a % base...

Attached Image (click to enlarge)
Click to Enlarge Name: NASDAQGOLD 03jan.png Size: 83 KB
  • #14,991
  • Jan 3, 2012 1:31am Jan 3, 2012 1:31am
Just noticed that gold on the one hour chart is now comtemplating 200MA as a possible resistance. Trade carefully folks...... It may yet break above it or it may not. Just saw this and thought I should point this out
  • #14,992
  • Jan 3, 2012 1:34am Jan 3, 2012 1:34am
And this is the chart in question
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.jpg Size: 75 KB
  • #14,993
  • Jan 3, 2012 1:37am Jan 3, 2012 1:37am
GG: thanks...has broken back through Weekly 55EMA which has been major support for last 3 years, so a break above 1hr MA which also coincides with previous supply level should elevate it quickly...
  • #14,994
  • Jan 3, 2012 2:57am Jan 3, 2012 2:57am
Watch out on gold. This is not a time to take trades.... For those long, tighten your SLs and, don't be in a hurry to short. I'll say the resistance is forming up nicely and I'll short 14/7 MA crossover.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 111 KB
  • #14,995
  • Jan 3, 2012 3:11am Jan 3, 2012 3:11am
Definitely a time of Accumulation with solid buying compared to the scrappy selling periods....

Attached Image (click to enlarge)
Click to Enlarge Name: Golddist.png Size: 100 KB
  • #14,996
  • Jan 3, 2012 6:20am Jan 3, 2012 6:20am
FED tonight say?
  • #14,997
  • Jan 3, 2012 6:25am Jan 3, 2012 6:25am
http://upnhanh.sieuthinhanh.com/tmpi...m145699_1.jpeg
  • #14,998
  • Jan 3, 2012 7:35am Jan 3, 2012 7:35am
+500 pips

http://www.forexfactory.com/showthre...70#post5257470
  • #14,999
  • Jan 3, 2012 8:35am Jan 3, 2012 8:35am
Quoting momotrader
Further confirmation Gold has def not bubbled yet....

Remember below chart is on a % base...

Attachment
In no way can the two be compared.

Indexes to indexes or commodities to commodities.

A stock or an index can, theoretically, go to zero i.e. no longer trade.

The same cannot be said for a commodity.

Exception being if it replaced by another commodity such as whale oil being replaced by crude oil.

Does anyone believe something will replace Gold someday. Extremely doubtful.

There are many other reason why bubbles can not be compared, starting from a base of $1.
  • #15,000
  • Edited 9:39am Jan 3, 2012 8:42am | Edited 9:39am
Quoting giantgroup
Just noticed that gold on the one hour chart is now comtemplating 200MA as a possible resistance.
I've asked traders this numerous times so I guess it will not garner a reply this time as well but why 200 MA and not 199 or 201 or some other number?

200 = 8.3 days so what is special about that?

You can probably tell I don't think much about MA's but if I did use them I would find a number that was equivalent to the timeframe I was trading.

If I traded intraday, say H1 chart, I would look at a numbesr like 24 or multiples - 48, 96, 192.

Just sayin'.
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