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

  • #24,701
  • Aug 27, 2013 4:00pm Aug 27, 2013 4:00pm
Quoting TheArcher
{quote} not that it might do this , but just some TA thinking .... {image}
Archer,

If you can please try and instill the Time Frame or "TF" to the noobs, with your charts.

It looks like you have a daily off of netdania, don't care where they come from,

But, if I can help I need to see what U see.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,702
  • Aug 27, 2013 4:01pm Aug 27, 2013 4:01pm


Thanks, Glad you like it here.
Please stay awhile. Had an extra meal....!!!!
THX,
XT-

Quoting Markmania
I'm new to the Forum and currently trading silver, thus my interest. I'm glad I discovered this forum because your discussions are more believable than any of the blather doled out by lazy or illogical analysts. I may not comment often but I just wanted to say thank you for sharing your valuable thoughts, a refreshing break from "agenda laden" talking heads. PS, I especially like the way your moderator encourages everyone to justify claims and statements made in the forum. Xtrade, give yourself an extra cookie! Markmania
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,703
  • Aug 27, 2013 4:02pm Aug 27, 2013 4:02pm
Quoting TheArcher
{quote} oops ! my mistake !! should have said " Inverse Head and Shoulders " !!!! i agree with ur other point that this run up is due to, among other things, Syria scare . {image}

CORRECT

a test of the BROKEN NECK would be appx 1350.00 Resistance turned Support range (& Vice Versa)
+/- 25 bucks always for stops.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,704
  • Aug 27, 2013 4:11pm Aug 27, 2013 4:11pm
Quoting Markmania
I'm new to the Forum and currently trading silver, thus my interest. I'm glad I discovered this forum because your discussions are more believable than any of the blather doled out by lazy or illogical analysts. I may not comment often but I just wanted to say thank you for sharing your valuable thoughts, a refreshing break from "agenda laden" talking heads. PS, I especially like the way your moderator encourages everyone to justify claims and statements made in the forum. Xtrade, give yourself an extra cookie! Markmania

This is from my favorite analyst of Gold & Silver:

I know he works for Kitco, yet, always uses charts first if you like techs, which I do, and fundies second.

I have spoken with him and have the permission to repost charts.

Take a peek!

Charts, via Jim Wyckoff:
Thanx Jim.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Picture 47.png Size: 388 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,705
  • Aug 27, 2013 4:16pm Aug 27, 2013 4:16pm
These are CLEAR BREAKS OF TECH and Fundamental (if u r a USD bull) Levels.

Let's take a quick look at the USDX/DXY :

down today, might be up tomorrow,

yet, down, never hit 90,00 again, rejected at prior RESISTANCE RANGE of 85.00 <,

Now, all it can do is either take out 90 or FAIL to 71.00 approximation.

I ALWAYS watch SWISSY or (USD/CHF) ie: greenback/swiss franc,

as a pair for further or IMMEDIATE SUGGESTION.
Attached Images
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,706
  • Edited 9:53pm Aug 27, 2013 4:26pm | Edited 9:53pm

@ SunTrader, hope you will post again.

I have posted my reasonings, over the past two weeks.

If you want to hear further fundamentals then please ask and I will gladly give post more.

Otherwise I will use the "writing on the wall." For now.


Yet, with the US Debt clock posted,

A reversal on the PM charts and

PGM charts and Copper

and WTI and Brent Crude - both above 100 per barrel,


I Remain technically and fundamentally bullish XAU/USD & XAG/USD

we needed a correction and it has happened.

Sure, further correction might happen, yet, pick the Up trend line you want to live off and then make a

decision. Because, as of now, two of the major Down Trend Lines or DTLs have been broken.

I look to 1550 for further engagement, either Stopping out my buys or sell stops.

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,707
  • Aug 27, 2013 4:28pm Aug 27, 2013 4:28pm
Quoting XTrade
These are CLEAR BREAKS OF TECH and Fundamental (if u r a USD bull) Levels. Let's take a quick look at the USDX/DXY : down today, might be up tomorrow, yet, down, never hit 90,00 again, rejected at prior RESISTANCE RANGE of 85.00 <, Now, all it can do is either take out 90 or FAIL to 71.00 approximation. I ALWAYS watch SWISSY or (USD/CHF) ie: greenback/swiss franc, as a pair for further or IMMEDIATE SUGGESTION. {image} {image}

I could easily draw a swift BROKEN UTL, on this DONE and somewhat measly trend for the 5 YEAR USDX Chart.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,708
  • Aug 27, 2013 5:17pm Aug 27, 2013 5:17pm
Here's Jim.

Making good neutral points.

Talking head but great.

http://www.kitco.com/news/video/show...ng-Golds-Rally
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,709
  • Aug 27, 2013 5:21pm Aug 27, 2013 5:21pm
Just to add another's thoughts to the view.

We have a lot of nice signals, as of yet to go higher -

NEAR TERM TARGETS:

GOLD: 1550.00 - SHORTER TERM = 1450 WITH buys stops @ appx 1390 / 1400

SILVER: 27.5000 then next range resistance area = 29.20

I use approximations to round to the NEAREST price point each metal respects.

If you use my analysis to trade ask any questions needed or PM ME.

XT-
till' later.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,710
  • Aug 27, 2013 9:30pm Aug 27, 2013 9:30pm
DAMN!!!

W T I - Light Crude, West Texas Intermediate.

That is a bull flag in the BREAKING on the daily, with some SIMPLE S/R.

I didn't even calculate a target yet,

just screams - GET LONG ON PULLBACK! -
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,711
  • Aug 27, 2013 9:32pm Aug 27, 2013 9:32pm
Quoting XTrade
DAMN!!! W T I - Light Crude, West Texas Intermediate. That is a bull flag in the BREAKING on the daily, with some SIMPLE S/R. I didn't even calculate a target yet, just screams - GET LONG ON PULLBACK! - {image}

Wanted to pick it up near 108.5 but that shite didn't happen. Debating if there will be a meaningful pull back or not. EIA data today but that may not matter
When the facts change I change my mind, what do you do sir
  • #24,712
  • Edited 9:44pm Aug 27, 2013 9:34pm | Edited 9:44pm
Quoting TheArcher
{quote} not that it might do this , but just some TA thinking .... {image}
Ideally we want one (1) more HIGHER LOW, then a break of the NECK, YET I will take it....
As it comes.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,713
  • Aug 27, 2013 9:39pm Aug 27, 2013 9:39pm
Quoting Pip Anon
{quote} Wanted to pick it up near 108.5 but that shite didn't happen. Debating if there will be a meaningful pull back or not. EIA data today but that may not matter

Hey man welcome,

Yeah, well, don't worry about Missed Trades,
there is ALWAYS another opportunity,

just judging by my simple chart,

buy stops,
I would place @ 106+ area or if the price just rockets use a market order and just ride it to a
target of at least 117.

sell stops only below 102.9000 to be safe. Just my VHO.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,714
  • Aug 27, 2013 9:53pm Aug 27, 2013 9:53pm
Quoting XTrade
{quote} Hey man welcome, Yeah, well, don't worry about Missed Trades, there is ALWAYS another opportunity, just judging by my simple chart, buy stops, I would place @ 106+ area or if the price just rockets use a market order and just ride it to a target of at least 117. sell stops only below 102.9000 to be safe. Just my VHO.
Yea I picked off some level II. I went thru a CFD, .2 lot @ 110.58, TP 111.15.

$104 in 8 mins lol

EDIT: and it keeps going up. Thinking US traders will do the same. May pick it up every .2-.3 cent drop
When the facts change I change my mind, what do you do sir
  • #24,715
  • Aug 27, 2013 10:06pm Aug 27, 2013 10:06pm
Quoting XTrade
{quote} Hey man welcome, Yeah, well, don't worry about Missed Trades, there is ALWAYS another opportunity, just judging by my simple chart, buy stops, I would place @ 106+ area or if the price just rockets use a market order and just ride it to a target of at least 117. sell stops only below 102.9000 to be safe. Just my VHO.
I have pre-chastised myself for continuing this off-topic discussion (PM me for further discussion or forward this to a more appropriate thread), but if you look at the weekly WTI chart, the technicals are against further upside.

Attached Image (click to enlarge)
Click to Enlarge Name: WTI - 130827 weekly.jpg Size: 455 KB



The same is not true, however, for Brent which does have further upside so this would be my choice for going long.

Attached Image (click to enlarge)
Click to Enlarge Name: Brent - 030827 weekly.jpg Size: 454 KB



Now, of course, war trumps technicals, so if the U.S. decides to go Bush, pullback or not, oil will rise.
You can always make money tomorrow provided you don't lose it today.
  • #24,716
  • Aug 27, 2013 10:15pm Aug 27, 2013 10:15pm
Quoting Pip Anon
{quote} Yea I picked off some level II. I went thru a CFD, .2 lot @ 110.58, TP 111.15. $104 in 8 mins lol EDIT: and it keeps going up. Thinking US traders will do the same. May pick it up every .2-.3 cent drop
Went in again:

Crude @ 111.20
Brent # 116.8

I hate war but loving this cash
When the facts change I change my mind, what do you do sir
  • #24,717
  • Aug 27, 2013 10:34pm Aug 27, 2013 10:34pm
To get us back on track (more or less), here's a ten-minute video about the last 140 years of monetary history and the role gold used to play.

The author believes the Fiat system will eventually collapse and there will be a return to a gold and silver standard. I don't personally hold this view as those that control the monetary system also control the governments (with the possible exclusion of China) and they aren't about to give up their influence without a French-style revolution; however, I know many people do hold this view, and regardless, it's good infotainment whatever view you may hold.

Inserted Video
You can always make money tomorrow provided you don't lose it today.
  • #24,718
  • Aug 27, 2013 10:36pm Aug 27, 2013 10:36pm
Quoting Pip Anon
{quote} Went in again: Crude @ 111.20 Brent # 116.8 I hate war but loving this cash
Black Gold. (USO) Was up $1.16 today. Last 5 days up up up. Maybe straddle time?

USO closed today at $39.14. Will watch for a higher close tomorrow.

Sep 21 $41/$37 @ ($0.37/$0.30) $0.67 + comms.

Oct 19 $42/$37 @ ($0.49/$0.68) $1.17 + comms. ....will watch for entries on expected gains tomorrow....

Either one could pay off in one day.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #24,719
  • Aug 27, 2013 10:58pm Aug 27, 2013 10:58pm
Quoting The Fool
{quote} Black Gold.
Oct futures pushing $111.50 overnight.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #24,720
  • Aug 27, 2013 11:05pm Aug 27, 2013 11:05pm
http://www.oilngold.com/analysis/com...2013082825929/
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