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

  • #17,201
  • Mar 7, 2012 9:52pm Mar 7, 2012 9:52pm
Quoting lilpip
one things is for certain , if we are going north we have to be trading on the other side of 1687.

I would tend to agree.....

From dailyfx:

GOLD resistance at 1687.97 intact after shallow pull-up. Renewed selling targets 1656.38. Break higher exposes 1727.06
  • #17,202
  • Mar 7, 2012 10:34pm Mar 7, 2012 10:34pm
You HIT THAT ONE SQUARE ON THE HEAD BUDDY!
Quoting lilpip
one things is for certain , if we are going north we have to be trading on the other side of 1687.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,203
  • Mar 7, 2012 10:35pm Mar 7, 2012 10:35pm
Daily FX seems to have conflicted analysis at many times.

They should use this thread...
Quoting rozario173
I would tend to agree.....

From dailyfx:

GOLD resistance at 1687.97 intact after shallow pull-up. Renewed selling targets 1656.38. Break higher exposes 1727.06
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,204
  • Mar 7, 2012 11:12pm Mar 7, 2012 11:12pm
Quoting XTrade
Daily FX seems to have conflicted analysis at many times.

They should use this thread...
Perfectly agreed, Mr. XTrade. If indeed accurate, why do I bother to learn and trade? I may as well heed their call.

breeze
  • #17,205
  • Mar 8, 2012 12:31am Mar 8, 2012 12:31am
Hello everybody,

I guess it would be interesting to read this article of Clive Mound http://clivemaund.com/article.php?art_id=68
  • #17,206
  • Mar 8, 2012 1:10am Mar 8, 2012 1:10am
Following on from the gold commentary yesterday:

http://kingworldnews.com/kingworldne...ear_%2433.html

beeb
  • #17,207
  • Edited 2:02am Mar 8, 2012 1:46am | Edited 2:02am
Quoting eugenyk
Hello everybody,

I guess it would be interesting to read this article of Clive Mound http://clivemaund.com/article.php?art_id=68
The more you can get to know your market the better.....

IMHO Maund has some good technical analysis but he does tend to change from being a raging bull to a monster bear at the drop of a hat several times a year. I suspect he may be trying to give his subscribers trades. He seems to be pretty good on short term moves but I think extrapolates those calls to the longer term with too much abandon.....

Just my opinion

beeb
  • #17,208
  • Mar 8, 2012 2:16am Mar 8, 2012 2:16am
Hi, there, did anyone know that the XAU/USD compared with EUR/USD, which is more valuable? Thanks.
  • #17,209
  • Mar 8, 2012 3:17am Mar 8, 2012 3:17am
Quoting XTrade
Looking towards 2100! Interesting analysis. If you could give a brief description of the way neowave works I would be interested as I am not very familiar.

Looks like a form of EW.
Yes, it's correct. neowave is related to EWA. it incorporates a few more patterns, but most importantly it has the tools to analyze price/time relationship which allows to spot early the trend reversals. BTW, gold entered 1694+ territory. if current wave count is valid we should see a rally to 1715 followed by a pullback to 1665-1682. The whole pattern (e) should take at least 14 trading days.
Lehman Sisters Wouldn't Have Failed
  • #17,210
  • Mar 8, 2012 3:34am Mar 8, 2012 3:34am
I picked this up from kitco.com , article entitled In the Lead - The Panic in Needle Park by Jon Nadler:

Speaking of when people buy or sell, and who they might actually be, we have come across some fascinating precious metals trade statistics courtesy of frequent Forbes contributor Nigam Arora. Being a nuclear physicist (among other things), it is little wonder that Mr. Arora takes an interest in numbers. In his latest Arora Report, he relays that, as we have pointed out here numerous times, the sky has a tendency to…remain in place in lieu of crashing down upon us and suddenly enriching us by virtue of what such an event is thought (hoped?) to do to gold prices.
More interestingly, Mr. Arora’s algorithms show that humans will be…humans (some forums call them “sheeple”) and that trend-chasing and mis-timing are not only as alive and well as they were back in 1980, but that they do harm to small retail investors whilst enriching the savvy, professional ones. To wit: “in gold’s run from $1,450 to $1,910, [last September] 70% of the buying was by retail investors. Only 7% of the buying was from institutions. In the subsequent run from $1,600 to $1,760, 85% of the buying was by momentum chasing retail investors, but the ‘smart money’ was a net seller. In the latest run up, 92% of the buying between $1,500 and $1,790 is from mom and pop. Institutions are again net sellers.” Are you starting to see a pattern here?


Does this mean that VSA principles (markets are moved by Professionals ONLY) do not apply to Gold?

In other words:
Retail sellers move the prices up and professionals move them down to take profits on earlier buys and create buying opportunites at lower prices to sell off again at higher prices created by 'mom and pop'?
  • #17,211
  • Mar 8, 2012 3:41am Mar 8, 2012 3:41am
Quoting longshot_nl
this next?
(silver)
approaching.
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  • #17,212
  • Mar 8, 2012 3:55am Mar 8, 2012 3:55am
Quoting Pommegranate
I'm wondering why would a b.roker tell their clients valuable information about where the markets are headed? One of my b.rokers Armada Markets told their clients yesterday that gold should hit 1700 over coming days, and it just did exactly this. In their weekly market update they called gold also to 1700 level this week and the SP500 to hit 1350, which it also did.

I mean most of the b.rokers make money when clients loose. So it is strange that this b.roker would actually tell their clients how to make money. Strange.
its not strange.
learn the difference between market makers and dealing desks.
http://www.forexoma.com/ecn-brokers-...-desk-brokers/
  • #17,213
  • Mar 8, 2012 3:56am Mar 8, 2012 3:56am
hy,
have you a link of this statement?

steve

Quoting Pommegranate
I'm wondering why would a b.roker tell their clients valuable information about where the markets are headed? One of my b.rokers Armada Markets told their clients yesterday that gold should hit 1700 over coming days, and it just did exactly this. In their weekly market update they called gold also to 1700 level this week and the SP500 to hit 1350, which it also did.

I mean most of the b.rokers make money when clients loose. So it is strange that this b.roker would actually tell their clients how to make money. Strange.
  • #17,214
  • Mar 8, 2012 4:25am Mar 8, 2012 4:25am
Quoting stevebalmmer
hy,
have you a link of this statement?

steve
http://www.armadamarkets.com/2012/03...markets-rally/

I checked from cache that it was in fact published yesterday, so they're for real. I also read their last month's commentaries and found that they are nailing the moves pretty correctly. As this b.roker is owned by a prop house, then this could be the answer why the calls are correct. But why would they give an advantage to their clients, that's something that I haven't seen before!?
  • #17,215
  • Mar 8, 2012 4:31am Mar 8, 2012 4:31am
Blythe,

I have 2 questions for you, please help in the light of your charts:

1. We are into the $1700s now, do you still see a dip to $1600 or lower, before we go see $2000 ?

2. How many months left when we might see $2000 according to your charts ?

Thanks in advance
  • #17,216
  • Edited 4:57am Mar 8, 2012 4:46am | Edited 4:57am
move out of 1687 noted, lets see if we can stay to the north of 1687-91.
bounce noted at 1691 area.
thur daily
1722
1691
1670
with eye on 1709 response also.

silver
lets stay above daily pivot 33.83 and have fri close above single year trendguide or pivot 34.50
  • #17,217
  • Mar 8, 2012 5:05am Mar 8, 2012 5:05am
Quoting forexfacts
Blythe,

I have 2 questions for you, please help in the light of your charts:

1. We are into the $1700s now, do you still see a dip to $1600 or lower, before we go see $2000 ?

2. How many months left when we might see $2000 according to your charts ?

Thanks in advance
you're welcome!
1. the drop to 1600 is still possible. Even if both requirements are met (see my previous post) it is still possible that current selloff is a part of wave (d). But I doubt it. The sell off was vicious which is indicative of a beginning of high order wave i.e. wave (e). The wave structure of a drop suggests that new high (>1790) should be expected (1800+).
2. If my last chart is correct gold will hit 1900 by April 29th
Lehman Sisters Wouldn't Have Failed
  • #17,218
  • Edited 5:33am Mar 8, 2012 5:12am | Edited 5:33am
Anyone have an opinion on whether the support line I have drawn in this chart could turn to resistance? Is around 1700-1704.

EDIT - I know round hundreds are psychological levels but I don't see the effect to the same extent at e.g. 1800.
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  • #17,219
  • Mar 8, 2012 5:27am Mar 8, 2012 5:27am
hy blythe!

Your outlook at the next days?

target 1710!

Your target on 29 april, we must look,what the market and bernankee make.

steve

Quoting Blythe
you're welcome!
1. the drop to 1600 is still possible. Even if both requirements are met (see my previous post) it is still possible that current selloff is a part of wave (d). But I doubt it. The sell off was vicious which is indicative of a beginning of high order wave i.e. wave (e). The wave structure of a drop suggests that new high (>1790) should be expected (1800+).
2. If my last chart is correct gold will hit 1900 by April 29th
  • #17,220
  • Mar 8, 2012 6:07am Mar 8, 2012 6:07am
Quoting stevebalmmer
hy blythe!

Your outlook at the next days?

target 1710!

Your target on 29 april, we must look,what the market and bernankee make.

steve
Steve, of course we should look at fundamentals too! the probability of war in Iran, Greece on the verge of default all this events can cause powerful movements. Bernanke opens his mouth and gold loses $100 in 1 DAY! so I feel pretty comfortable forecasting 7-week long $200 move.
Lehman Sisters Wouldn't Have Failed
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