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

  • #15,081
  • Jan 5, 2012 12:50pm Jan 5, 2012 12:50pm
CRAB PATTERN
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  • #15,082
  • Jan 5, 2012 2:10pm Jan 5, 2012 2:10pm
where is gold going from here ?????
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  • #15,083
  • Jan 5, 2012 4:23pm Jan 5, 2012 4:23pm
bull hammer ?
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US Dollar is trash... Get out of that Ponzi scheme !!!
  • #15,084
  • Jan 5, 2012 5:07pm Jan 5, 2012 5:07pm
Quoting yomex_y2
where is gold going from here ?????
wait until some clear signal.
  • #15,085
  • Jan 5, 2012 6:23pm Jan 5, 2012 6:23pm
Not doing too bad here the Price of Gold that is.

Trade one I have on will be a 100 USD move at resistance and target one (1)
@ 1633 entry I believe was 1534.

Trade two stays on for the long haul.

The PA briefly dipped below the LTL ascending weekly line in blue, later in the day we had a test, after breach rejection we are currently trading @
1620 and a half.

It looks like we are set for further upmoves.

We will have to clear this area, the Horizontal "potential" of 1633 which on the daily is literally hit by the 200 dSMA which could add to the resistance.

We shall see...

See yellow arrow... I am also trying to fix the chart up a bit both the daily and weekly.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,086
  • Jan 5, 2012 7:12pm Jan 5, 2012 7:12pm
Quoting Tedge UK
Do you actually trade and make your pips this way momotrader?
Sure do...Could send you a bundle examples if required.
  • #15,087
  • Jan 5, 2012 9:30pm Jan 5, 2012 9:30pm
ON THE CUSP - see chart for explanation........... ... .. .. ... .. . . .
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,088
  • Jan 5, 2012 9:54pm Jan 5, 2012 9:54pm
Quoting Mehrdadovic
CRAB PATTERN

But it looks like a bat to me.
  • #15,089
  • Jan 5, 2012 10:02pm Jan 5, 2012 10:02pm
Quoting bumapatria

im not a gold bear just yet, sentiment and pa still bullish. 1630 is place to consider overall sentiment and trend, (38.2) and some resistance in the area
Makes sense, above 1630 confirms bulls for me.
  • #15,090
  • Jan 5, 2012 10:16pm Jan 5, 2012 10:16pm
A couple of nice charts for those who have not seen.
With a tip of the hat to Jesse.

http://kingworldnews.com/kingworldne...ext_Apple.html
  • #15,091
  • Jan 5, 2012 10:18pm Jan 5, 2012 10:18pm
I may take some profits at 1633 or the 200 sma on the daily.

If we break through the area in my last chart, I may just hold.

Gotta get some silver positions going. Think I have one.

Any one in or out on silver?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,092
  • Edited 10:53pm Jan 5, 2012 10:35pm | Edited 10:53pm
Quoting XTrade
I may take some profits at 1633 or the 200 sma on the daily.

If we break through the area in my last chart, I may just hold.

Gotta get some silver positions going. Think I have one.

Any one in or out on silver?
It sure is fun looking down from above watching the battle for direction below, your certainly in the drivers seat their.
As far as silver goes, Tues. daily pivot was 27.65.
Up from there I gave the low-down yesterday as we the stronger trends or higher timeframes working out 2012 1st quarter direction, let her lead the way.
Shes probably waiting for sis to make up her mind on 1632-33 area.
One things for sure we will know when she starts to act differently as she has shown us what shes contemplating as the month and quarter begins.
  • #15,093
  • Jan 5, 2012 10:57pm Jan 5, 2012 10:57pm
Post # 15183.

I expect to be be back at my desk by sometime next week. Until then, Hold the Fort.

Who Said that?

B
  • #15,094
  • Jan 5, 2012 11:11pm Jan 5, 2012 11:11pm
Quoting Bemac
Post # 15183.

I expect to be be back at my desk by sometime next week. Until then, Hold the Fort.

Who Said that?

B


http://en.wikiquote.org/wiki/William_Tecumseh_Sherman

William Tecumseh Sherman (8 February 1820 – 14 February 1891) was a Union general during the Civil War. He succeeded General U.S. Grant as commander of the Western Theater of that war in the spring of 1864. He later served as commanding general of the army (1869–1883). He is best known for his destructive "March to the Sea" through the state of Georgia and is widely regarded as an early advocate of "Total War".

 

  1. Hold the fort! I am coming!

    1. Signal to Gen. John M. Corse at Allatoona (5 October 1864)

  • #15,095
  • Jan 6, 2012 12:02am Jan 6, 2012 12:02am
Quoting rozario173
http://en.wikiquote.org/wiki/William_Tecumseh_Sherman

William Tecumseh Sherman (8 February 1820 – 14 February 1891) was a Union general during the [url="http://en.wikipedia.org/wiki/US_Civil_War"]Civil...
History lessons continued.
Although Corse suffered a third to half casualties he defended with 1500-2000 men and out numbered by general Sam Frenchs confederates 3000-6000 in number they were forced to withdraw.
Corse held his position without Shermens assistance and only to find out later Sherman denied sending that message.
Maybe he was just calling Corse an old fart and misunderstood as hole the fort.
  • #15,096
  • Jan 6, 2012 1:21am Jan 6, 2012 1:21am
BRENT OIL :
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  • #15,097
  • Edited 8:36am Jan 6, 2012 8:21am | Edited 8:36am
making downtrend ?
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  • #15,098
  • Jan 6, 2012 8:28am Jan 6, 2012 8:28am
ok, what is going on, why didn't gold fall with EUR on nfp?? i'm tearing my hair out! or maybe dudley saying more QE still on the cards has something to do with it. do gold bulls see something i don't? i thought we are in a supply area between 1620-1629, but it seems to be holding up relatively well.
  • #15,099
  • Jan 6, 2012 8:29am Jan 6, 2012 8:29am
Quoting rozario173
http://en.wikiquote.org/wiki/William_Tecumseh_Sherman

William Tecumseh Sherman (8 February 1820 – 14 February 1891) was a Union general during the [url="http://en.wikipedia.org/wiki/US_Civil_War"]Civil...
This total war business is fascinating.
  • #15,100
  • Jan 6, 2012 8:37am Jan 6, 2012 8:37am
ok finally a sweet reversal on 5min chart, aiming for 1586, short at 1625, stop of 1635.8
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