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

Why short ?! Now we are in a strong bullish trend . Why not going with the trend ? I think only if you hold the position open for a very , very short time you can go short ( just for few dollars ) . Or only if you think it will be a major event in the world .

Just my opinion . Don't trade what others tell you , trade what you see on chart .

can you share the chinese website to me

noted. Thanks for all the inputs. At least this thread is talking

efgolds and yuehua567

missing a 's'

Hey X,

Why would you prefer a close below the high?

In gratitude, I would like to add that I am learning more all the time, and really appreciate this thread as a resource.

On my end, the biggest thing I have learned (if I have indeed learned anything) is that patience is required. The learning curve necessitates experience and exposure to markets.

Because I have seen many a fool try to outsmart trends. NOT Geared Towards NikkiT at all, he was just asking.


Yet this forum has an overwhelming amount of people that think trading short is the only way to trade.

Meanwhile this is only possible with ease using margin FX or Spread betting / CFDs.

No other market besides maybe a SHORT only ETF makes it so simple to just click sell.

Hence the term "naked shorts" and hpow badly they get f-d id they don't know what they are trading/doing/

Not to mention it's not like we broke 1050,

the LONG TERM., Monthly / YEARLY trend REMAINS UP for Gold.

Here are some updated charts.

My H4 target is +1400 we can see the moving averages are supporting price on this TF using 50 100 and 200 smas.

my target on the daily is 1550 for further trend decision.

the price still has a lot of ground to make up here. Also the 50 d sma is supporting yet there is no cross yet, however, I find more often than not once these
3 smas are at the widest separation, usually there is a change in trend coming, a cross, and a rapid move in the opposite direction of where the SMAs were previously rejecting the price.]

further elaboration:
from wiki

Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade.[1]

Short selling is used to anticipate a price fall, but exposes the seller to the risk of a price rise.

In 2008, the SEC banned what it called "abusive naked short selling"[2] in the United States, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal.[3][4][5] In the United States, naked short selling is covered by various SEC regulations which prohibit the practice.[6]

some light reading and aiding the conspiracy theorists :

Who REALLY controls the world?
Who is pulling the strings?
Who is hiding behind the curtain?

Here are the top ten transnational companies that hold the most control over the global economy (and if you are one of the millions that are convinced Big Banks run the world, you should get a creeping sense of validation from this list):

1) Barclays plc
2) Capital Group Companies Inc.
3) FMR Corporation
4) AXA
5) State Street Corporation
6) JPMorgan Chase & Co.
7) Legal & General Group plc
8) Vanguard Group Inc.
9) UBS AG
10) Merrill Lynch & Co Inc.

Some of the other usual suspects round out the top 25, including JP Morgan, UBS, Credit Suisse, and Goldman Sachs.

What you won't find are ExxonMobil, Microsoft, or General Electric, which I found shocking. In fact, you have to scroll all the way down to China Petrochemical Group Company at number 50 to find a company that actually creates something.

The top 49 corporations are financial institutions, banks, and insurance companies — with the exception of Wal-Mart, which ranks at number 15...

The rest essentially just push money around to one another.

It's essentially the "too big to fail" argument laid out in scientific setting — only instead of just the U.S. banks, we're talking about an international cabal of banks and financial institutions so intertwined that they pose a serious threat to global economics.

And instead of "too big to fail," we're looking at "too connected to fail"...

Yup billions if not trillions exchanged daily......

the rich get richer and the poor get poorer.

url

Technically we can see a retracement soon.

These are W, D and H4 charts, with Supply Zones.

Weekly:

- We are still in a downtrend in Weekly TF.
- It's the first time price si coming to a previous swing high zone and we are 50$ away from that SH. Let's define the pivot or swing high as a High with two lower highs at each side. This Pivot or Swing High is @ 1423.71
- There is a fresh supply zone from 1382.58 to 1423.71.
- Price may touch the 1380 zone and drop.

Daily:
- We can argue if we are in a downtrend or not. If we use the approach of price breaking the previous SH, then we are still in a downtrend, as price must break 1394.78 in order to accomplish that. In the other hand, price already broke one supply zone in daily charts @ 1302.36. ( DBD from June 21)
- Now we are in a supply zone in daily, from 1385.82 to 1394.78. Perhaps not that strong as there was too much trading in that zone. But it is within the weekly supply, and this can add strenght.

H4:
- Price already hit the supply zone from 1372.04 to 1376.48. It was a nice scalping opportunity.
- This is the zone where resistance came into place.
I won't use the H4 supply zone anymore, as it's been touched, but I think it is possible a sell setup at D1 supply targeting 1350, near D1 demand, as first TP and 1320 as second TP, as Weekly demand is @ 1314.07.

This is my very short term analysis. I don't expect price to reach 1400 yet. I can be wrong, but this is what I see.

Hey buddie archer,;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

edit: Key stuck!!!! YIKES!!! looks interesting though!

kindly explain yourself !

is it a technical glitch ?

or are u euphoric about the US$5/- rise in gold ?

or are u scolding me ? for what reason ? i don't think i have crossed any line .

they say silver is the leader for gold .... is sliver awake ?

OOPS LOL, Not sure what the Heck happened there!!!!!!!!!!!!!!


Sorry

Was just curious where the uptrend line that hits appx 1380 has it's origin, that's all.

( and no, I wasn't scolding you!!!! there would absolutely no reason for that especially due to the fact you are a valid contributor buddy! )

Just a mistake, but it looks kinda funny so might as well just leave it up...

Fact is, this keyboard is awesome, yet never really. FULLY recovered from a GINGER ALE SPILL!!!!!
Yikes!

I didn't think the post actually took!

XT-

OK so here's the close.

On this three day chart, it is often interesting to look at the slightly grey area, where, London Crosses with New York.

I call it the power hours.

A lot of major drops and rises happen here.

Yet, this week the Aussie open seemed to have set the tone EARLY on!

Here's the daily with some DTLs off last swing high and failure point of 1800.

Some Fibos Pulled from 1800 to 1200 APPX candle bodies rounded for simplicity.

They definitely show great areas of support and resistance.

and SMAs 50 100 nd 200.

Interesting how everything intersects.

The dtls are in line with the MAs and the fibo supports/rezs.

Lastly, we are above the 50 Dsma
Closed right below the 100.

So 50 has flipped to support now let's see if we can flip the 100 and @ the 200 next target we come to my other target appx
1550 / 1500 area.

The fibos have identified that area already. Let's say basically 1525 - on breach of this area we are at the last dtl from 1800 and once popped,
most definitely bullish.