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

  • #16,601
  • Feb 22, 2012 12:52pm Feb 22, 2012 12:52pm
Some Action !!
  • #16,602
  • Feb 22, 2012 12:57pm Feb 22, 2012 12:57pm
Can we buy Gold now?I think Gold will be at 1800$ soon,maybe next day!
  • #16,603
  • Feb 22, 2012 1:05pm Feb 22, 2012 1:05pm
Quoting kaka_ht
can we buy gold now?i think gold will be at 1800$ soon,maybe next day!
almost no retrace with strong pa
when price getting to golden zone trader need to check it's strength only... Immediate range now till 1785 without retrace or very small retrace.....( my 2 cents)
  • #16,604
  • Feb 22, 2012 1:07pm Feb 22, 2012 1:07pm
This is E X A C T L Y the type of confirmation BREAK I wanted to see this week.

Weekly below.

Should have held my position from Last Friday...

I made a new weekly chart to keep things fresh and uncluttered. All old positions I exited around time of injury in profit.

Quoting seanpark
IT IS PLANED..
Attached Image (click to enlarge)
Click to Enlarge Name: gold weekly update feb 22.GIF Size: 24 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,605
  • Feb 22, 2012 1:11pm Feb 22, 2012 1:11pm
Just for fun I threw the CCI over the standard RSI. For a strength meter.

We still have plenty of room to go until we are considered extremely overbought.

I would prefer to see 10 USD gains pared daily than a 50 USD break and a 25 USD retrace.

Next immediate hurdle looks like 1786 we are working in tens with a dollar plus on the top. Making things on the sixes....

Quoting seanpark
almost no retrace with strong pa
when price getting to golden zone trader need to check it's strength only... Immediate range now till 1785 without retrace or very small retrace.....( my 2 cents)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,606
  • Feb 22, 2012 1:21pm Feb 22, 2012 1:21pm
Well I had a lucky escape there. Posted here, went to make a cup of tea before making the trade and came back to a breakout
  • #16,607
  • Feb 22, 2012 1:26pm Feb 22, 2012 1:26pm
nice upmove should reach 89
id be looking to go short around 89 and 1821 also if 1853 is reached given the time if price continues to rise and reaches time at those levels.

good or you guys to bank profits as well

27th is the day. id personally like it to rise till the 27th near those prices for shorts.


normal price movment is to move around 45 variants.. we just held 90 degrees support so we should be aiming for 45 degrees now.
Attached Image (click to enlarge)
Click to Enlarge Name: cant_we_just.png Size: 21 KB
Have I got something on my face, SOLDIER?
  • #16,608
  • Feb 22, 2012 1:30pm Feb 22, 2012 1:30pm
Here is a SIMPLE almost Naked chart Executing SIMPLE SUPPORT and RESISTANCE GOLD trading.

For all those who have been asking.

Please NOTE -

X = Stall
^ Arrow UP = The Break - Or area we need to break

Horizontal Line Red = Resistance Minor

Horizontal Line Green - INTERIM resistance FLIPPED to support.
This is where you want to buy if you are aggressive w/ more risk.

Safe trade = Place BUYS ABOVE the next IMMEDIATE resistance
NOT TOO FAR NOT TOO CLOSE in order to get filled NOT Killed. FoK.

Everyone here should have caught at least a $10 USD move this week......
Attached Image (click to enlarge)
Click to Enlarge Name: Gold simple sr chart w break.GIF Size: 23 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,609
  • Feb 22, 2012 1:35pm Feb 22, 2012 1:35pm
Nice to hear from you Buma.

Yet I have to say I wouldn't be looking for any shorts right now unless you have a decisive and very clear plan of attack with proper RR and MM.

The PA Most important and secondly there are 3 + counting major BULLISH
Chart patterns Suggesting this is the move that takes out the old High.

Thus,

To be easy on your accounts find a DIP buy AND HOLD.

Weekly Target remains 2150 before significant Retracement that it would be worthwhile to short gold.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,610
  • Feb 22, 2012 1:38pm Feb 22, 2012 1:38pm
Looks like she is trying to test H4 channel.
Attached Image (click to enlarge)
Click to Enlarge Name: AUX4H-20120222.png Size: 62 KB
  • #16,611
  • Feb 22, 2012 1:43pm Feb 22, 2012 1:43pm
Quote
Here is a SIMPLE almost Naked chart Executing SIMPLE SUPPORT and RESISTANCE GOLD trading.

For all those who have been asking.

Please NOTE -

X = Stall
^ Arrow UP = The Break - Or area we need to break

Horizontal Line Red = Resistance Minor

Horizontal Line Green - INTERIM resistance FLIPPED to support.
This is where you want to buy if you are aggressive w/ more risk.

Safe trade = Place BUYS ABOVE the next IMMEDIATE resistance
NOT TOO FAR NOT TOO CLOSE in order to get filled.


Thanks X man
  • #16,612
  • Feb 22, 2012 1:45pm Feb 22, 2012 1:45pm
This is VERY ANNOYING that silver is not Breaking and taking
34.50

Can someone post

Charts FOR

BRENT CRUDE H4
WTI - light crude H4
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,613
  • Feb 22, 2012 1:47pm Feb 22, 2012 1:47pm
Correct AND the Higher the Time Frame the larger and stronger the move and
PROFIT!



Good analysis Sean.

Welcome to the thread.
X
Quoting seanpark
it happens on every charts........
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,614
  • Feb 22, 2012 1:53pm Feb 22, 2012 1:53pm
well it may get parabolic rally till the 27th (or not)

but that would mean something else ..

how would a rally to 1910 highs by the 27th be likely? too parabolic maybe?



X last time gold went parabolic and rallied haaaard did stocks dove or rose with it? i think indices dropped right? how did currencies do?
Have I got something on my face, SOLDIER?
  • #16,615
  • Feb 22, 2012 1:55pm Feb 22, 2012 1:55pm
Where is seanpark's post?

I saw it. Now it is gone.
  • #16,616
  • Feb 22, 2012 1:58pm Feb 22, 2012 1:58pm
OK so EVERY other PM but silver has moved OVER 1% of Price today
and silver is STUCK at .06% on a measly 34$ per OZT!!!!!!!!!

NFW.....

This is being artificially kept low.

The Governments and Central Banks don't own much silver anymore they have gold, but no SILVER.

+ There is a LOT LESS SILVER above Ground due to INDUSTRY.

And someone is going to tell me this is not manipulated?
Please.

Wait for $75 USD silver and come back here and say I didn't signal buys for both physical and paper.

THE Powers that BE are very afraid of SILVER don't be fooled.
Call me whatever you want as well IDK.

X
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,617
  • Feb 22, 2012 1:59pm Feb 22, 2012 1:59pm
it really helps a lot to view ur charts upside down.

no joke.
looks like a double top from this view.
Attached Image (click to enlarge)
Click to Enlarge Name: parabolic_001.png Size: 35 KB

looks like its a 5 day wait for me

altho u gotta read it like arabic from right to left and like looking at a mirror
Have I got something on my face, SOLDIER?
  • #16,618
  • Feb 22, 2012 2:01pm Feb 22, 2012 2:01pm
SO I am not crazy!!!!!

This happened last night too.!!!

SEAN please explain? You are posting great charts, why delete?



Quoting jsr
Where is seanpark's post?

I saw it. Now it is gone.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,619
  • Feb 22, 2012 2:05pm Feb 22, 2012 2:05pm
Quoting bumapatria
nice upmove should reach 89
id be looking to go short around 89 and 1821 also if 1853 is reached given the time if price continues to rise and reaches time at those levels.
Looking for short? I just don't get that. You said yourself... 89, 1821, 1853. You are truly a contrarian or you just like pain.
  • #16,620
  • Feb 22, 2012 2:05pm Feb 22, 2012 2:05pm
You can't have a double top without a few tests or at least one on the weekly

There is no way to speculate a double top effectively besides maybe PA and volume in gold.

Keep thinking about resistance. every time the chart touches a resistance is it a DT?

Quoting bumapatria
it really helps a lot to view ur charts upside down.

no joke.
looks like a double top from this view.
Attachment
looks like its a 5 day wait for me

altho u gotta read it like arabic from right to left and like looking at a mirror
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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