XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 969 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #19,361
  • Jun 18, 2012 1:37pm Jun 18, 2012 1:37pm
It will either come super close in touching that top line or touch that line and bounch off. If it breaks through that line it will push through and do a correction down and then later continue back on a new up trend......I don't no why I did not see this before. I'm to caught up in the moment right now, so I'm steping back a bit. I forget to much much that time takes more than I think to unfold!!


Quoting Crgone12
http://i65.photobucket.com/albums/h2...1/Capture1.jpg
  • #19,362
  • Jun 18, 2012 1:59pm Jun 18, 2012 1:59pm
Also something to add, Spain came into the picture today as the media is trying to understand their position. This will speed some things up, but I'm unsure how. I'm still thinking my new target, I'm just trying to figure what will keep this moment. I'm thinking that the US will exstend the Twist package enstead of QE3 which will make people fear the US and by that time spain, Italy and France will be starting to gain more attention and will start a bigger rally than what happen to greece causeing the Dollar to gain value while the Euro sorts out their mess.

Just some thoughts!! This will be the US last card before something has to change, so I see a US rally when the Euro zone becomes the main focus of attention again.
  • #19,363
  • Jun 18, 2012 2:15pm Jun 18, 2012 2:15pm
Quoting SunTrader
Gold, like many markets, is a at decision point:

Will it or won't it break resistance at lower fib zone as well as into a cycle high? Note declining volume too on uptrend.
Beebs last post lines up with what your seeing in the 1626-27 area.
The same goes for me this week, eyes are on 1624-27 response.
weekly
1652-57
1588-90
1543-45
monday daily bias up from pivot
daily
1636
1612
1588
  • #19,364
  • Edited 5:29pm Jun 18, 2012 2:40pm | Edited 5:29pm
Quoting jaimini
if you look closely 1520 is weekly demand and everytime demand area is visited it weakens it. see the reaction in marked rectangle
longer price stays in demand area more chances of breaking in next visit
nice picture.
2011 yearly breakout of 1550 to 1922-36 along with rotation back for retest of 1550 is noted.
Long trendline of support noted @ 1600 as time moved forward into 2012.
My bias continues to be up from the major trend single year pivot 1600 .
Bias also continues to be down from the secondary trend the 2nd quarter trend guide 1689.
We will see where the 3rd quarter trend guide ends up and pa give us direction.
  • #19,365
  • Jun 18, 2012 8:26pm Jun 18, 2012 8:26pm
au /ag look poised for breakouts.

Lets look to 29 n 1640
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,366
  • Jun 18, 2012 8:27pm Jun 18, 2012 8:27pm
Quoting Crgone12
Off my last post this seems to be in the works, but may take time to unfold. I'm really looking for a test of 1610 again but a small break first maybe of 1634. This is to detailed and it wont play out like this, but more so these are things to look for!!
not sure what you are saying here I guess I will take the time to read your latter post.

Perhaps less words, yes?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,367
  • Jun 18, 2012 8:33pm Jun 18, 2012 8:33pm
Just note that in doing this I still miss match my connections becuase of all the possibilities. That's why I stick to larger time frames. #1

Yellow= broke trend line on third connection
White= third connection has yet to been made
Pink= completed connection

Note that these are only the major ones and I have charts where you can't see the screen, so I posted these. If it breaks trend line that third connection can be used to create a new one, but only if it breaks. I'm still trying to figure out how to know which one it will hit first. The smaller the timeframe the easier it is to choose direction. Really you just have to get good at reading the market and the trend. I tried to keep this shorter

http://i65.photobucket.com/albums/h2.../Capture-2.jpg
  • #19,368
  • Jun 18, 2012 8:33pm Jun 18, 2012 8:33pm
Yellow= broke trend line on third connection
White= third connection has yet to been made
Pink= completed connection

http://i65.photobucket.com/albums/h2...Capture1-1.jpg
  • #19,369
  • Jun 18, 2012 8:34pm Jun 18, 2012 8:34pm
Yellow= broke trend line on third connection
White= third connection has yet to been made
Pink= completed connection

http://i65.photobucket.com/albums/h2...Capture2-1.jpg
  • #19,370
  • Jun 18, 2012 8:34pm Jun 18, 2012 8:34pm
Yellow= broke trend line on third connection
White= third connection has yet to been made
Pink= completed connection

http://i65.photobucket.com/albums/h2...Capture3-1.jpg
  • #19,371
  • Jun 18, 2012 8:42pm Jun 18, 2012 8:42pm
Quoting Crgone12
Yellow= broke trend line on third connection
White= third connection has yet to been made
Pink= completed connection

http://i65.photobucket.com/albums/h2...Capture3-1.jpg
sorry but i cant zoom on any of your files uploaded. therefore very hard to read the chart
Wooooohooooo or Boooooohooooo
  • #19,372
  • Jun 18, 2012 8:52pm Jun 18, 2012 8:52pm
On your computer click on the image and when the window pops up hold down CTRL and scroll on your mouse to zoom in. Sorry, when I upload them they turn into shit quailty

Quoting gnomoneey
sorry but i cant zoom on any of your files uploaded. therefore very hard to read the chart
  • #19,373
  • Jun 18, 2012 8:57pm Jun 18, 2012 8:57pm
This is just me, but I'm looking for a return to the 1621 area, then I will see what happens there, then I'm playing long, well to the 1660 to 1670 area, as I watch what happens there. Though if it breaks through there will still be at least a 50% trace back and if it touches and stays in that area I'm looking for targets further down. I will take profit at each level to make sure it breaks each one since anything can happen, I just play one medium term target at a time.
  • #19,374
  • Jun 18, 2012 9:05pm Jun 18, 2012 9:05pm
Crgone12, I know you are trying to show us something. But, honestly, it's hard to read the chart. Many concepts at once. I think I can see part of it, but my eyes are not trained to read the entire story.

Maybe if you try clean charts, one kind of line at time, and explain how you make proyections for each type. (white in one chart, yellow in a second chart, and pink in a third one) then it will be easier to see what you see.

Maybe it's only me.
  • #19,375
  • Jun 18, 2012 9:10pm Jun 18, 2012 9:10pm
weekly chart
we have broken the downward channel (RED DASH)and is looking like a new upward channel(BLUE SOLID). A close above the old channel should confirm the new channel is in tack.
we are also coming close to braking the trendline(blue)
we should have a clearer view next week but for now you can play the resistance 1.35 for a 600 pip scalp....
and again just my neebie point of view
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdw12.gif Size: 26 KB
Wooooohooooo or Boooooohooooo
  • #19,376
  • Jun 18, 2012 10:02pm Jun 18, 2012 10:02pm
Whats a good place to upload photos that keep good resolution? Also I will work on in the next week to better tell how it works. I will work on making it simple and nicly put together. I need to do that for myself too!

Quoting jsr
Crgone12, I know you are trying to show us something. But, honestly, it's hard to read the chart. Many concepts at once. I think I can see part of it, but my eyes are not trained to read the entire story.

Maybe if you try clean charts, one kind of line at time, and explain how you make proyections for each type. (white in one chart, yellow in a second chart, and pink in a third one) then it will be easier to see what you see.

Maybe it's only me.
  • #19,377
  • Jun 19, 2012 12:22am Jun 19, 2012 12:22am
Quoting Crgone12
Whats a good place to upload photos that keep good resolution? Also I will work on in the next week to better tell how it works. I will work on making it simple and nicly put together. I need to do that for myself too!
In attachments option choose upload file from computer.
It will retain quality
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-06-19_07-19-32.jpg Size: 54 KB
  • #19,378
  • Jun 19, 2012 2:24am Jun 19, 2012 2:24am
Today, am expecting breakup side.
Attached Image (click to enlarge)
Click to Enlarge Name: 02 19-Jun 07.22 AM.jpg Size: 117 KB
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #19,379
  • Jun 19, 2012 3:43am Jun 19, 2012 3:43am
Quoting sukkim
Today, am expecting breakup side.
The trendline has held 5 times, what makes you think itl break this one?
  • #19,380
  • Jun 19, 2012 3:48am Jun 19, 2012 3:48am
I've got a feeling this daily GC trendline might be more important, especially with imminent FOMC......

http://www.screencast.com/t/cdmOb6zLI

beeb
74 traders viewing now