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  • #22,201
  • Jan 10, 2013 8:04am Jan 10, 2013 8:04am
Quoting _BBKing_
updated my XAU USD charts. find it at this youtube link (7 minutes video)

How about, since you're posting here in XTrade's forum, you have the courtesy to post your charts here? I'm sure everyone will want to check out your videos after you've demonstrated that you have something more useful to contribute than a $120 range where you might consider buying and/or selling which is all you've shared with us so far.
You can always make money tomorrow provided you don't lose it today.
  • #22,202
  • Jan 10, 2013 8:11am Jan 10, 2013 8:11am
Hi, XAU/USD has suddenly break the resistance of the 1665 area. Is it sensible to say that the next resistance would be 1680 and then 1691?

Edit : Meaning, we should not long around 1679 or 1690 ? It's okay to long at 1670 ?
  • #22,203
  • Jan 10, 2013 8:24am Jan 10, 2013 8:24am
Quoting XTrade
If she takes 1750 soon, I wouldn't count on a reversal, and I would be very wary of shorting.
you will likely see accelerated buying when this happens.
after a meager dip perhaps.
hello, you are right of course. it will only depends on when price will eventually visit the area between 1700 and 1750 (assuming this will happen)
seen on my study, price needs to consolidate this area between 1620 and 1670 so i don't expect a straight move >1700.

so if goes straight into 1700-1750 now in 2 days the pressure down will be stronger and in that case i will be looking for some shy shorts.
while if price consolidates this n next week around this important fibo retr area, we can see a better move up. in that case = no shorts!

ok, it's just "imagination" about possible scenario to develop
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_Daily_snapshot.jpg Size: 78 KB
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  • #22,204
  • Jan 10, 2013 8:28am Jan 10, 2013 8:28am
Quoting _BBKing_
hello, you are right of course. it will only depends on when price will eventually visit the area between 1700 and 1750 (assuming this will happen)
seen on my study, price needs to consolidate this area between 1620 and 1670 so i don't expect a straight move >1700.

so if goes straight into 1700-1750 now in 2 days the pressure down will be stronger and in that case i will be looking for some shy shorts.
while if price consolidates this n next week around this important fibo retr area, we can see a better move up. in that case = no shorts!

ok, it's...
I am not good in this. But can I ask you if long from 1669-1670 to 1679 -1680 sounds good?
  • #22,205
  • Jan 10, 2013 8:32am Jan 10, 2013 8:32am
Quoting Pluvius
I am not good in this. But can I ask you if long from 1669-1670 to 1679 -1680 sounds good?
Not mine idea, but 1677 is a possible point to go long. Maybe someone can comment. If true, 1679 is definitely OK.
  • #22,206
  • Jan 10, 2013 8:43am Jan 10, 2013 8:43am
Quoting _BBKing_
hello, you are right of course. it will only depends on when price will eventually visit the area between 1700 and 1750 (assuming this will happen)
seen on my study, price needs to consolidate this area between 1620 and 1670 so i don't expect a straight move >1700.

so if goes straight into 1700-1750 now in 2 days the pressure down will be stronger and in that case i will be looking for some shy shorts.
while if price consolidates this n next week around this important fibo retr area, we can see a better move up. in that case = no shorts!

ok, it's...
Again, what's with these ridiculously large ranges? What are your actual target prices? Why do you think there will be selling pressure during the seasonal buy period if price doesn't complete a full reversal of this correction first?

As for your chart, why do you think gold will fall in January and rise in February against the seasonal trend?
You can always make money tomorrow provided you don't lose it today.
  • #22,207
  • Jan 10, 2013 8:48am Jan 10, 2013 8:48am
Quoting KADC
How about, since you're posting here in XTrade's forum, you have the courtesy to post your charts here? I'm sure everyone will want to check out your videos after you've demonstrated that you have something more useful to contribute than a $120 range where you might consider buying and/or selling which is all you've shared with us so far.
just posted a chart
and yes... saying since last year when price was around 1710 that i'm looking to buy between 1630-1660 to target 1720-1750 and higher is really useless since is just a 100 to 500$ possible swing move. actually it is not confirmed so i'm still out waiting a good setup in hourly charts and in fundamentals.

from this point of view, also the previous chart is useless since i repeat the same thing over and over again:
i will be looking to buy near 1630 to target 1750 and/or higher.
matter is that i don't share my executions. or like someone does around FF, sharing charts with position open 1500pips far.
i share ideas, study, views, analysis which then can be confirmed or not in price
90% of traders use TA, indicators and prediction
  • #22,208
  • Jan 10, 2013 8:49am Jan 10, 2013 8:49am
Quoting ivars
Not mine idea, but 1677 is a possible point to go long. Maybe someone can comment. If true, 1679 is definitely OK.
Sorry what I meant to say was like this. The 1665 area of XAU/USD was a resistance. For the past few days, when it hit 1665 area for few times XAU/USD went down. Looking at the recent hourly chart, there is a pin bar setup of an up trend over here since 1651 area. After being pushed down from 1665 about 3-4 times, finally about 1 or 2 hours ago, it finally breezed through the 1665. So i feel now 1665 area is an area of support. To long at 1669 -1670 is a safe decision for me. Because I am not too far the support and not too near the support. My TP would be 1679. Since i feel 1680 and 1691 are another areas of resistance.
  • #22,209
  • Jan 10, 2013 8:50am Jan 10, 2013 8:50am
Quoting KADC
Again, what's with these ridiculously large ranges? What are your actual target prices? Why do you think there will be selling pressure during the seasonal buy period if price doesn't complete a full reversal of this correction first?

As for your chart, why do you think gold will fall in January and rise in February against the seasonal trend?
ridiculously?
please just hit the "ignore" button on me.
good luck
goodbye.
90% of traders use TA, indicators and prediction
  • #22,210
  • Jan 10, 2013 8:51am Jan 10, 2013 8:51am
Looking at a few negatively correlated currency pairs involving USD, I realized USD is dropping for the time being for a few pairs.
  • #22,211
  • Jan 10, 2013 9:04am Jan 10, 2013 9:04am
Quoting Pluvius
I am not good in this. But can I ask you if long from 1669-1670 to 1679 -1680 sounds good?
i can't help on this... price can spike any time so will depends on lot size, stop loss required etc.
taking a risk for some 10$ move is not my way of trading
90% of traders use TA, indicators and prediction
  • #22,212
  • Jan 10, 2013 9:11am Jan 10, 2013 9:11am
Quoting _BBKing_
just posted a chart
and yes... saying since last year when price was around 1710 that i'm looking to buy between 1630-1660 to target 1720-1750 and higher is really useless since is just a 100 to 500$ possible swing move. actually it is not confirmed so i'm still out waiting a good setup in hourly charts and in fundamentals.

from this point of view, also the previous chart is useless since i repeat the same thing over and over again:
i will be looking to buy near 1630 to target 1750 and/or higher.
matter is that i don't share my executions. or...
You've gone back and edited this post several times, and it now makes somewhat more sense than your original post, and I agree with the part about it being useless which is why I asked you to give us more details. Perhaps there is a language barrier, but you have yet to explain the "ideas, studies, views, analysis" which you've posted so far.

We're all looking for a "good setup in hourly charts and in fundamentals" but you've yet to tell us what factors you consider to be a "good setup".
You can always make money tomorrow provided you don't lose it today.
  • #22,213
  • Jan 10, 2013 9:15am Jan 10, 2013 9:15am
Quoting KADC
You've gone back and edited this post several times, and it now makes somewhat more sense than your original post, and I agree with the part about it being useless which is why I asked you to give us more details. Perhaps there is a language barrier, but you have yet to explain the "ideas, studies, views, analysis" which you've posted so far.

We're all looking for a "good setup in hourly charts and in fundamentals" but you've yet to tell us what factors you consider to be a "good setup".
i will edit this post after publishing it

edit: this post is now edited
edit2: but Ff does not show anymore the "last edit" thing
edit3(last): i never edited that post. i don't know what you need to show. still waiting you to hit the ignore button. tks.
90% of traders use TA, indicators and prediction
  • #22,214
  • Jan 10, 2013 9:39am Jan 10, 2013 9:39am
price shows an attempt higher.
seen on 1 is the first one where failed to stay stable above 1670 and so down again till 1630.

IF

now price will break this area and use it later (next week?) as support, can be good to try some longs to target higher.

nearest main resistance could be around 1720-1750. too large? ok. get as resistance the 1682-1685
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_4 Hours_snapshot.jpg Size: 70 KB
90% of traders use TA, indicators and prediction
  • #22,215
  • Jan 10, 2013 9:46am Jan 10, 2013 9:46am
Quoting _BBKing_
price shows an attempt higher.
seen on 1 is the first one where failed to stay stable above 1670 and so down again till 1630.

IF

now price will break this area and use it later (next week?) as support, can be good to try some longs to target higher.

nearest main resistance could be around 1720-1750. too large? ok. get as resistance the 1682-1685
Somehow I feel 1679 1680 is the next resistance, not the 1682-1685 area

I am feeling it now. It went down a bit when it touches the 1679 minutes ago.
  • #22,216
  • Jan 10, 2013 10:06am Jan 10, 2013 10:06am
Quoting Pluvius
Somehow I feel 1679 1680 is the next resistance, not the 1682-1685 area

I am feeling it now. It went down a bit when it touches the 1679 minutes ago.
i mean something like this
it's a possible setup in 4h charts.
am not interested in faster than 1h timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_4 Hours_snapshot.jpg Size: 75 KB
90% of traders use TA, indicators and prediction
  • #22,217
  • Jan 10, 2013 10:07am Jan 10, 2013 10:07am
Quoting _BBKing_
i mean something like this
it's a possible setup in 4h charts.
am not interested in faster than 1h timeframe
but i'm definetly interested to buy even lower near 1650.
90% of traders use TA, indicators and prediction
  • #22,218
  • Jan 10, 2013 12:18pm Jan 10, 2013 12:18pm
gold break a 50% fib i think next target around 1702 at 32% fib if there is nothing to turn the table around
  • #22,219
  • Jan 10, 2013 1:36pm Jan 10, 2013 1:36pm
Quoting Bo_fajer
gold break a 50% fib i think next target around 1702 at 32% fib if there is nothing to turn the table around
Nice to hear that
  • #22,220
  • Jan 10, 2013 3:59pm Jan 10, 2013 3:59pm
ah....finally. longs come our way !
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