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

  • #18,141
  • Mar 29, 2012 8:54pm Mar 29, 2012 8:54pm
DOLLAR GAINS ON MAJORS AND POP MINORS ERASING FROM YESTERDAY!!!!

Swissy - is tanking off the daily high and about to break support.

GBP - UP 100 pips

AUD/KIWI bidding UP

EURO - UP

Gold trying to pop resistance

Silver Breaking up over 1 USD tonight already from appx
31 58 to 32 33 and looking higher....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,142
  • Mar 29, 2012 9:07pm Mar 29, 2012 9:07pm
Quoting XTrade
DOLLAR GAINS ON MAJORS AND POP MINORS ERASING FROM YESTERDAY!!!!

Swissy - is tanking off the daily high and about to break support.

GBP - UP 100 pips

AUD/KIWI bidding UP

EURO - UP

Gold trying to pop resistance

Silver Breaking up over 1 USD tonight already from appx
31 58 to 32 33 and looking higher....

Different currencies, their ups and downs that is a big problem, X you and i are going to trade in metals from now on, like if i am buying a cell phone from you and its price is $200, i'll give you 200 grams of silver

Wait 200 grams of Silver for 100 grams of plastic, damn that is a bad deal.

See how under-valued Silver is !
  • #18,143
  • Edited 5:02am Mar 30, 2012 4:05am | Edited 5:02am
Quoting XTrade
Split, Spot took a dip yesterday from the little break up we had the days before.

However, The channel bottom (inner) has been tested by the bears, yet the bulls seem to have clearly rejected this move any further than a small dip through the line so far.

Channel is always in blue on my charts.

The midline should be gray dashed

Breakout top line Red for resistance

Dip line should be green for buys.

Need to check silver now.

I have noted with arrows 3 major (for the scale of things - they are actually small) price movements and tests...
Consolidation leads to volatility and volatility leads to momentum. If things don't go up soon, people might start to panic and a butterfly affect might take place. But based on the facts, I still remain bullish, nothing has changed my perception as of yet. Nice analysis btw!
  • #18,144
  • Mar 30, 2012 4:48am Mar 30, 2012 4:48am
Quoting split_unit
Consolidation leads to volatility and volatility leads to momentum. If things don't go up soon, people might start to panic and a butterfly affect might take place. But based on the facts, I still remain bullish, no has changed my perception as of yet. Nice analysis btw!
Bulls are waiting for $2000, Bears are looking for $1200, $1600s fall in the middle, so here it is where it should be, the condition these days is again 50-50 And yes, i am also bullish more than bearish.
  • #18,145
  • Mar 30, 2012 5:03am Mar 30, 2012 5:03am
Quoting forexfacts
Bulls are waiting for $2000, Bears are looking for $1200, $1600s fall in the middle, so here it is where it should be, the condition these days is again 50-50 And yes, i am also bullish more than bearish.
Thats good to know, I wish you all the best buddy
  • #18,146
  • Mar 30, 2012 5:07am Mar 30, 2012 5:07am
Where is the 1200 figure coming from?

Quoting forexfacts
Bulls are waiting for $2000, Bears are looking for $1200, $1600s fall in the middle, so here it is where it should be, the condition these days is again 50-50 And yes, i am also bullish more than bearish.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,147
  • Mar 30, 2012 5:18am Mar 30, 2012 5:18am
Hi Mr. XTrade and everyone,

I read from Kingworldnews and all these talks on the bad economy condition in Europe and US, can I put it in this way that it is BS that both government can reverse their fate that things are getting better?

What must the government do to put their economy back on track? And to have jobs for everyone? I read that the unemployment rate for both is high.

breeze
  • #18,148
  • Mar 30, 2012 5:26am Mar 30, 2012 5:26am
Quoting XTrade
Where is the 1200 figure coming from?
That guy i cant recall his nick, $1250 was his slogan and just 2 days back a bearish jeweller was crying for $1200, while another old one is determined for $2000
  • #18,149
  • Mar 30, 2012 5:27am Mar 30, 2012 5:27am
Quoting split_unit
Thats good to know, I wish you all the best buddy
Thanks Brother
  • #18,150
  • Mar 30, 2012 5:33am Mar 30, 2012 5:33am
Quoting fxbreeze
Hi Mr. XTrade and everyone,

I read from Kingworldnews and all these talks on the bad economy condition in Europe and US, can I put it in this way that it is BS that both government can reverse their fate that things are getting better?

What must the government do to put their economy back on track? And to have jobs for everyone? I read that the unemployment rate for both is high.

breeze
"Balance of Trade" every country needs to balance its trade with other countries.

what we sell to other countries, we must not buy more than that from other countries.

Unfortunately, there is hardly any country like that.
  • #18,151
  • Mar 30, 2012 5:39am Mar 30, 2012 5:39am
Quoting forexfacts
"Balance of Trade" every country needs to balance its trade with other countries.

what we sell to other countries, we must not buy more than that from other countries.

Unfortunately, there is hardly any country like that.

There is such country. Singapore. Correct me if wrong.

breeze
  • #18,152
  • Mar 30, 2012 6:08am Mar 30, 2012 6:08am
Things looking green prior to the US open. Epecially metals.

(source www.finviz.com)
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-30_1505_Metals.png Size: 307 KB
  • #18,153
  • Mar 30, 2012 6:43am Mar 30, 2012 6:43am
Quoting fxbreeze
There is such country. Singapore. Correct me if wrong.

breeze
I am amazed to see that there are many countries in +


http://en.wikipedia.org/wiki/List_of...ccount_balance
  • #18,154
  • Edited Mar 31, 2012 12:23am Mar 30, 2012 7:21am | Edited Mar 31, 2012 12:23am
hello x, this thread very usefull for me.

i am learn a lot from here.

was a silent reader, now try to join this thread.

share my chart, i think we are at the middle off HUGE symmetrical triangle, waiting to break.

CMMIW

Weekly Chart:
http://www.forexfactory.com/attachme...1&d=1333113136

Daily Chart:
http://www.forexfactory.com/attachme...1&d=1333113267

ps: How to remove picture below ?? (attached thumbnail) , anyone can help me?? (Resolved, thanks X)
Price Action
  • #18,155
  • Mar 30, 2012 9:24am Mar 30, 2012 9:24am
Quoting gotri
hello x, this thread very usefull for me.

i am learn a lot from here.

was a silent reader, now try to join this thread.

share my chart, i think we are at the middle off HUGE symmetrical triangle, waiting to break.

CMMIW

Weekly Chart:
http://www.forexfactory.com/attachme...1&d=1333113136

Daily Chart:
http://www.forexfactory.com/attachme...1&d=1333113267

ps: How...
I like the way you drew your trendlines, its pretty nice!
  • #18,156
  • Mar 30, 2012 10:31pm Mar 30, 2012 10:31pm
They must do a lot.

Google economics and recession / economic growth . / global economy,.

It is not BS at all. Both economies are fvcked. The Us has it's own slew of probs as does the EU and the UK.

Quoting fxbreeze
Hi Mr. XTrade and everyone,

I read from Kingworldnews and all these talks on the bad economy condition in Europe and US, can I put it in this way that it is BS that both government can reverse their fate that things are getting better?

What must the government do to put their economy back on track? And to have jobs for everyone? I read that the unemployment rate for both is high.

breeze
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,157
  • Mar 30, 2012 11:37pm Mar 30, 2012 11:37pm
Yes it appears that way, Gold has already formed one and broken it, yet due to the recent price action "PA" It may have now become a more extended model of the initial pattern.

Back to silver, I am bullish and if this triangle pops I will look to $40 usd
in the following weeks, then a retest and breach of the high around 50.

Watch those two lines from the top down, the price sometimes gets caught between the two bobbing up and down,

The long term silver trend is up, and the fundamentals of higher silver prices may even outshine Gold ATM.

In any case, I have almost identical naked charts. You can bet that 75% of traders (silver spot) have the same chart at least once!!! Powerful levels.

In the immediate sense I want to see silver above 33 USD by next week.

XT

Quoting gotri
hello x, this thread very usefull for me.

i am learn a lot from here.

was a silent reader, now try to join this thread.

share my chart, i think we are at the middle off HUGE symmetrical triangle, waiting to break.

CMMIW

ps: How to remove picture below ?? (attached thumbnail) , anyone can help me??
Go to advanced edit and delete the attachment or delete the link
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,158
  • Mar 31, 2012 12:04am Mar 31, 2012 12:04am
forex market big rally ...... this chart is say something...
Attached Image (click to enlarge)
Click to Enlarge Name: Dollar3.jpg Size: 67 KB
  • #18,159
  • Mar 31, 2012 12:11am Mar 31, 2012 12:11am
gold loking 4 big huge rally .......
Attached Image (click to enlarge)
Click to Enlarge Name: Gold1.jpg Size: 75 KB
  • #18,160
  • Mar 31, 2012 6:01am Mar 31, 2012 6:01am
Quoting shafaat
gold loking 4 big huge rally .......
It has to first get over the daily 25 and 55 EMA, before any rally could emerge.
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