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

  • #19,801
  • Jul 9, 2012 9:56am Jul 9, 2012 9:56am
After a while most begin to see that long term is of most significance with gold even when looking at shorter terms.

Again we can exclude M1.

But looking at a weekly can help a great entry on the M5 if you catch it right.

Quoting donnyv
Hi Jaimini,

Yes absolutely. It is a longer term view. Just reinvigorates direction should these proposals take effect. In a world moving in trepidation towards further uncertainty, I would want my bank holding Gold rather than equities or Greek bonds. But for traders, you're absolutely right, it is a longer term view.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,802
  • Jul 9, 2012 10:09am Jul 9, 2012 10:09am
Quoting donnyv
.... Again a massive up for Gold. Apologies in advance but if you cannot see how ...
They already own a good amount of Gold. No way governing bodies will require them to buy much more while driving the price against themselves.

Meanwhile I will continue to trade what is happening and not what might happen.
  • #19,803
  • Jul 9, 2012 10:19am Jul 9, 2012 10:19am
Quoting XTrade
After a while most begin to see that long term is of most significance with gold even when looking at shorter terms.

Again we can exclude M1.

But looking at a weekly can help a great entry on the M5 if you catch it right.
Yes absolutely.
  • #19,804
  • Jul 9, 2012 11:33am Jul 9, 2012 11:33am
I dont change them. Use the stock settings.

The only change in sma's is in the alligator which we are NOT recreating.

ADD THEM IN LEAVE THEM BE.

Try it again.

MAKE SURE IT IS SET FOR ALL TIME FRAMES

Quoting jaimini
Hi
thanks for this broader outlook.
can you help me in using SMA
I tried to add them on my charts but they looks different
i think i'm not giving proper values to period, shift, method parameters
Thanks
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,805
  • Jul 9, 2012 11:35am Jul 9, 2012 11:35am
You both have good points. Yet I think there may be some potential to this event in the future.

As far as right now Gold is fighting to break upside resistance;

Quoting SunTrader
They already own a good amount of Gold. No way governing bodies will require them to buy much more while driving the price against themselves.

Meanwhile I will continue to trade what is happening and not what might happen.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,806
  • Jul 9, 2012 11:39am Jul 9, 2012 11:39am
Here is a comparison chart.


Quoting kamen
this is what i'm talking about...
Attached Image (click to enlarge)
Click to Enlarge Name: silver xag comparison.GIF Size: 20 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,807
  • Jul 9, 2012 3:08pm Jul 9, 2012 3:08pm
Quoting XTrade
.....
As far as right now Gold is fighting to break upside resistance;


I see resistance at 1625-1635 and it has been trying to break this for two months. Trying but not getting anywhere all the while the Euro has been crashing.

And I'm not talking about the currency. I'm talking about the community.

Crashes don't always happen fast, sometimes they happen in slow motion.
  • #19,808
  • Jul 9, 2012 6:07pm Jul 9, 2012 6:07pm
WASHINGTON (MarketWatch)

A trio of influential Federal Reserve officials on Monday sounded the alarm on the economy, and suggested that the central bank is close to starting another round of asset purchases.


http://www.marketwatch.com/story/fed...dist=afterbell
I have no enemy; I make Incautiousness my Enemy.
  • #19,809
  • Jul 9, 2012 8:29pm Jul 9, 2012 8:29pm
Quoting lilpip
First things first on the weekly
1632
1595
1548
monday daily
1618
1595
1570
weekly
28.90
27.41-45
25.95
rotation back to weekly pivot 1595 and 27.45 area noted.
eyes on pa and candle formations around 1595 and 27.45-55 for direction.
  • #19,810
  • Jul 10, 2012 2:09am Jul 10, 2012 2:09am
X-Trader,
Whats your comment on break of Longer Term Trendline(TL) on weekly chart of Gold?
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_Weekly.png Size: 29 KB
  • #19,811
  • Jul 10, 2012 4:12am Jul 10, 2012 4:12am
Quoting shaukat113
yh short position, i am very short term trader If this pattern develop than price may hit 1570-65 area. I am going for that price,fabo 61.8 is around 1600 area so a strong down side move up to 1520-1515 can't be roll-out. in my view if market is bullish than it may test 1570-65 area and than go for 1690 area. if it breach 1547 than 1520 is next target. if you plz check on 4H chart 300EMA 27-3-12, 12-4-12, 1-5-12, 5-6-12, and 3-7-12. there is something market want to tell us!!!!!always looking for good advise an ideas
shearing...
market test 1576 area and rebound. as per my little knowledge it will complete inverse head and shoulder pattern@ 1620-35 area and than move up side. I am bullish about this thing at present. but break bellow 1547 will change my view.
just live a life, don't be hard.
  • #19,812
  • Jul 10, 2012 7:04am Jul 10, 2012 7:04am
Quoting XTrade
Now THAT is RIDICULOUS. If it was M1 but on a daily that is pure price gouging / running stops.

They will call it a glitch but you should get a refund if you lost money.

There is no real spot chart that has the price ever going to 2.80 in a flash.

Are they regulated?

What broker is it?

How big is the loss?
my broker insta..they refund already the money..but silver chart very ugly..i cannot study on the chart
  • #19,813
  • Jul 10, 2012 7:48am Jul 10, 2012 7:48am
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
Quoting kamen
my broker insta..they refund already the money..but silver chart very ugly..i cannot study on the chart
Withdraw your money and search for another broker ....
  • #19,814
  • Jul 10, 2012 7:56am Jul 10, 2012 7:56am
Quoting kamen
my broker insta..they refund already the money..but silver chart very ugly..i cannot study on the chart
I agree with Fib... search for another broker
  • #19,815
  • Jul 10, 2012 11:31am Jul 10, 2012 11:31am
Sort of the same way it blew out of the channel to 1920 in a short period it is now below the channel for a short period.

Not a big deal. The fact remains that that line is only one of many, there are multiple longer term trend lines from other years that are no where near violation.

I will not be happy to see a breach of the 100 week sma.

But if it happens it is what it is.

LONGER tERM any big dip is just another buying opportunity to me.

Quoting Nawas
X-Trader,
Whats your comment on break of Longer Term Trendline(TL) on weekly chart of Gold?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,816
  • Jul 10, 2012 11:34am Jul 10, 2012 11:34am
Agreed.
----------------- NO AFFILIATION WITH BELOW COMPANY WHATSOEVER ---------------- Just use them as a broker.
Switch to FXCM for the customer service and to trade w/o a dealing desk and to trade OFF MT4

MT4 is actually an extremely limited program in what it can do with charts.

it was designed for traders to use EAs or bots that mostly lose money while the dealer gets rich on your losing system.

You cant even have two charts on 2 screens freely movable.......

What is that!


Quoting Fib
Withdraw your money and search for another broker ....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,817
  • Jul 10, 2012 11:37am Jul 10, 2012 11:37am
Agreed.

Again, any big dip is welcome due to the lower physical cost it will create and a great buying opportunity.

If you don't buy or trade physical Gold or Silver I would watch out for any great opps to hold a longer term position.

Low stress. easy money.

same for the aussie.

buy it low and hold even if you lose some pips if you hold the trade long enough the swap will eventually become so big that it may even be worth it to close the trade at a small loss just to collect the 100s or 1000s you may have in swap. for doing nothing.

Quoting SunTrader


I see resistance at 1625-1635 and it has been trying to break this for two months. Trying but not getting anywhere all the while the Euro has been crashing.

And I'm not talking about the currency. I'm talking about the community.

Crashes don't always happen fast, sometimes they happen in slow motion.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,818
  • Jul 10, 2012 11:41am Jul 10, 2012 11:41am
Another thought, there is resistance in this area yet there is support at 1530 which won't break either, thus,

a. we are essentially trapped in a 100 usd range

b. the chart is moving sideways.

Quoting SunTrader


I see resistance at 1625-1635 and it has been trying to break this for two months. Trying but not getting anywhere all the while the Euro has been crashing.

And I'm not talking about the currency. I'm talking about the community.

Crashes don't always happen fast, sometimes they happen in slow motion.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,819
  • Jul 10, 2012 11:43am Jul 10, 2012 11:43am
Quoting XTrade
Agreed.

Again, any big dip is welcome due to the lower physical cost it will create and a great buying opportunity.......
Not me.

In and out in days, or weeks at most. Both directions.
  • #19,820
  • Jul 10, 2012 12:00pm Jul 10, 2012 12:00pm
Quoting XTrade
Another thought, there is resistance in this area yet there is support at 1530 which won't break either, thus,

a. we are essentially trapped in a 100 usd range

b. the chart is moving sideways.
I agree, except where has price been heading since the top?

I haven't seen a reason to get long - yet.

+ + +

I think XAG holds the key. Economies are struggling to say the least. Even China has seen its growth rate cut in half. If Silver drops further so will Gold.
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