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

  • #18,401
  • Apr 12, 2012 8:32am Apr 12, 2012 8:32am
Quoting dogbreath
On the daily.....looks like we might have a huge inverse head and shoulders if it goes down to about 1600 next few days??

Anyone see that too?
er ... scratching my head ... where ...?

all i see in the given chart is a range play ...

perhaps u could zoom out a little and also refer to the definition of inverse H&S
  • #18,402
  • Edited 9:37am Apr 12, 2012 9:13am | Edited 9:37am
1670-74 GC is the downsloping resistance zone running from early Feb where price rejected on last approach...

beeb

EDIT as always for me the important thing is not the breach but where subsequent support comes in - watching for that now
  • #18,403
  • Apr 12, 2012 9:27am Apr 12, 2012 9:27am
What a nice picture that is!!!

Quoting XTrade
She will. Be patient. Silver is more of a roller coaster ride than gold.

Now is a good time to buy physical silver as well.
Attached Image (click to enlarge)
Click to Enlarge Name: silver break april 2012.GIF Size: 18 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,404
  • Apr 12, 2012 9:28am Apr 12, 2012 9:28am
it's getting uglier as time goes by. If you don't see it it is likely invalid by now.

I have to look at it later.

Quoting TheArcher
er ... scratching my head ... where ...?

all i see in the given chart is a range play ...

perhaps u could zoom out a little and also refer to the definition of inverse H&S
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,405
  • Apr 12, 2012 9:51am Apr 12, 2012 9:51am
Gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold break april 2012.GIF Size: 18 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,406
  • Apr 12, 2012 9:53am Apr 12, 2012 9:53am
Will Gold be visiting 1700 again?
  • #18,407
  • Apr 12, 2012 10:08am Apr 12, 2012 10:08am
Quoting multi888
Will Gold be visiting 1700 again?
Let's hope! I have 1,680 as tough resistance yet though so may take some profit and reload on the break.
  • #18,408
  • Apr 12, 2012 10:09am Apr 12, 2012 10:09am
I have been hanging onto this long since the bottom and closed. I was pissed offf with the range bound market, now I am really mad I did not stick to my plan for a core long.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture-sad.PNG Size: 67 KB
  • #18,409
  • Apr 12, 2012 10:14am Apr 12, 2012 10:14am
http://i39.tinypic.com/23j4g20.png

I am bullish on gold but according to my chart, I closed out my long positions. waiting for an entry level around 1600.
  • #18,410
  • Apr 12, 2012 10:41am Apr 12, 2012 10:41am
Well, for me it's time to short this thing.

If price breaks the channel, then I'll buy.

I'm short @ 1669 and have an sell entry order @ 1676
Attached Image (click to enlarge)
Click to Enlarge Name: xau-h4-20120412.png Size: 71 KB
  • #18,411
  • Apr 12, 2012 10:43am Apr 12, 2012 10:43am
Great day,
I'm out. FX trades flattened.

Orders set, Gold and silver rolling!

Be back tonight!
G/L all trade smart and BE PATIENT!!!!


XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,412
  • Apr 12, 2012 10:44am Apr 12, 2012 10:44am
Quoting XTrade
She will. Be patient. Silver is more of a roller coaster ride than gold.

Now is a good time to buy physical silver as well.

That was a solid call X !
  • #18,413
  • Apr 12, 2012 10:53am Apr 12, 2012 10:53am
Quoting jsr
Well, for me it's time to short this thing.

If price breaks the channel, then I'll buy.

I'm short @ 1669 and have an sell entry order @ 1676

Would suggest being mindful of stops if going short as if the green LP becomes consistent support this thing could motor......

GC Daily:

http://www.screencast.com/t/pGaY76NCs

beeb
  • #18,414
  • Apr 12, 2012 10:54am Apr 12, 2012 10:54am
Quoting jsr
Well, for me it's time to short this thing.

If price breaks the channel, then I'll buy.

I'm short @ 1669 and have an sell entry order @ 1676
I've been playing with the idea of shorting here but am a little worried it may be a bit too early.
There has been no strong rejection at this supply area as of yet so I'm wondering if a break of the descending trend line is in order first to suck in some longs before a drop back down.
I'm looking for a run up to the 1,695 area to short.

H4
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.png Size: 195 KB
  • #18,415
  • Apr 12, 2012 11:43am Apr 12, 2012 11:43am
Hi buddies here,

I heard from a guy on internet said that Yellen hinted a QE3, is it true? Some you can confirm and where can I get the info. Many thanks!

Exciter135.
  • #18,416
  • Apr 12, 2012 11:43am Apr 12, 2012 11:43am
Quoting TheArcher
er ... scratching my head ... where ...?

all i see in the given chart is a range play ...

perhaps u could zoom out a little and also refer to the definition of inverse H&S
within the pink elipse
Life's a bitch....so be a dog and cover it!
  • #18,417
  • Apr 12, 2012 11:48am Apr 12, 2012 11:48am
Quoting Exciter135
Hi buddies here,

I heard from a guy on internet said that Yellen hinted a QE3, is it true? Some you can confirm and where can I get the info. Many thanks!

Exciter135.
Yes...twister ends june....then qe3 starts It had to be....economy is tanking...the only thing they can do is print = gold/silver over 2000 before year end.
Life's a bitch....so be a dog and cover it!
  • #18,418
  • Apr 12, 2012 11:54am Apr 12, 2012 11:54am
just for interest

On weekly - fibo fan
Attached Image (click to enlarge)
Click to Enlarge Name: xau weekly.gif Size: 28 KB
Life's a bitch....so be a dog and cover it!
  • #18,419
  • Apr 12, 2012 11:55am Apr 12, 2012 11:55am
Quoting beeb
Would suggest being mindful of stops if going short as if the green LP becomes consistent support this thing could motor......

GC Daily:

http://www.screencast.com/t/pGaY76NCs

beeb
I use very tight stops. 1679,50, just above the channel. If price breaks the channel I want to be out.

When the price fell, I placed a buy entry order @ 1612 and missed it by 0,70$.

My entry is @ 1676,50. FXCM High is 1676,33

I'm missing it by 0,17$ so far.
  • #18,420
  • Apr 12, 2012 11:59am Apr 12, 2012 11:59am
Quoting dogbreath
Yes...twister ends june....then qe3 starts It had to be....economy is tanking...the only thing they can do is print = gold/silver over 2000 before year end.
Many thanks dogbreath, I will remember this clue .
Good pips to you.

Exciter135.
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