XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1307 | Metals Mine

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

  • #26,121
  • Oct 3, 2013 9:53pm Oct 3, 2013 9:53pm
Quoting SunTrader
Weekly pivot is 1342 and other than part of Monday all trading this week has been below it. Not bullish to me. Wednesday's daily bar was an inside day and basically unchanged. Neither bullish or bearish like much of the PA lately. But my opinion, nothing has happened to sway my overall bearish stance.

I see it. So, i'm thinking too much. NO definite signs of a reversal.
This might bug you but i've to ask.. Can we call this a state of equilibrium or anything before 1342 isn't? One more thing.. how did you determine 1342 as the weekly pivot?
A trade should be based on an assumption based on facts
  • #26,122
  • Oct 4, 2013 1:50am Oct 4, 2013 1:50am
maybe
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  • #26,123
  • Oct 4, 2013 2:08am Oct 4, 2013 2:08am
http://img405.imageshack.us/img405/5776/4430.png

Ascending Triangle on H1 and staying around 200 EMA if it break or close above 1320 it may test 1330 or 1350 by big boy in NYC.
I want to be rich.
  • #26,124
  • Oct 4, 2013 2:37am Oct 4, 2013 2:37am
Quoting RamsesII
looks like maybe up in C of 4? kind of an oddball count i have though with the truncted v'th wave, but how else do you correlate i-ii with iii-iv size-wise? {image}

Ramses, i have the same count. Although the internals of 1-2-3 down are strange, they repeat fractally at smaller TFs, so i decided to just leave them like that.
cryptocurrency everytime
  • #26,125
  • Oct 4, 2013 2:38am Oct 4, 2013 2:38am
Quoting eurusdthb
{image} Ascending Triangle on H1 and staying around 200 EMA if it break or close above 1320 it may test 1330 or 1350 by big boy in NYC.
hi eurusdthb,
any ideas for downside alternative scenario?
cryptocurrency everytime
  • #26,126
  • Oct 4, 2013 3:06am Oct 4, 2013 3:06am
Quoting venzen
{quote} hi eurusdthb, any ideas for downside alternative scenario?
here for you

http://img823.imageshack.us/img823/735/uxxz.png
i forgot to add 200 EMA but it is about at 1340 or 38.2 fibo. We're currently at 23.6 fibo.
I want to be rich.
  • #26,127
  • Oct 4, 2013 3:53am Oct 4, 2013 3:53am
I have no clear bias. If I get bearish signals on 1325-1328 zone I might go short.
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  • #26,128
  • Oct 4, 2013 4:41am Oct 4, 2013 4:41am
Quoting Bo_fajer
maybe {image}
7ya allah bu fajr!

my chart has smilar view to yours! it could get to 1330 and then drop hard towards 1278 and maybe further towards the blue circled area!

all the best
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  • #26,129
  • Oct 4, 2013 6:26am Oct 4, 2013 6:26am
Quoting Mave
{quote} I see it. So, i'm thinking too much. NO definite signs of a reversal. This might bug you but i've to ask.. Can we call this a state of equilibrium or anything before 1342 isn't? One more thing.. how did you determine 1342 as the weekly pivot?
You can call it a state of equilibrium ..... in a downtrend, mainly waiting on things in DC.

BTW no NFP today. It is official.

Weekly pivot is same as daily (Weekly High+Low+Close) / 3
  • #26,130
  • Oct 4, 2013 6:28am Oct 4, 2013 6:28am
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  • #26,131
  • Oct 4, 2013 6:53am Oct 4, 2013 6:53am
Gold heading to 1303 with a speed bump at 1308............
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Money Makes Money
  • #26,132
  • Oct 4, 2013 7:11am Oct 4, 2013 7:11am
Quoting KiwiOz
Gold heading to 1303 with a speed bump at 1308............ {image}

My target of two weeks ago may come into play now........
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Money Makes Money
  • #26,133
  • Oct 4, 2013 7:14am Oct 4, 2013 7:14am
Hi All

Could someone please tell me what cause gold to drop so suddenly after it had been doing very little all day. 1316 dropped to 1307? quite a big drop in less than an hour

any idea if I should go long yet or wait a few days?

Thanks
  • #26,134
  • Oct 4, 2013 7:16am Oct 4, 2013 7:16am
Quoting KiwiOz
Gold heading to 1303 with a speed bump at 1308............ {image}

Speed Bump"!!!!!! I think it just hit a bloody rock.Lol.
Money Makes Money
  • #26,135
  • Oct 4, 2013 7:17am Oct 4, 2013 7:17am
Quoting shaunyboy01
Hi All Could someone please tell me what cause gold to drop so suddenly after it had been doing very little all day. 1316 dropped to 1307? quite a big drop in less than an hour any idea if I should go long yet or wait a few days? Thanks
This is normal price action for gold, its choppy and unpredictable. Ah well look its gone back up now.
"Where you want to be is always in control, never wishing, always trading.
  • #26,136
  • Oct 4, 2013 7:21am Oct 4, 2013 7:21am
Quoting KiwiOz
{quote} Speed Bump"!!!!!! I think it just hit a bloody rock.Lol.

........................................
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Money Makes Money
  • #26,137
  • Oct 4, 2013 7:27am Oct 4, 2013 7:27am
Quoting shaunyboy01
Hi All Could someone please tell me what cause gold to drop so suddenly after it had been doing very little all day. 1316 dropped to 1307? quite a big drop in less than an hour any idea if I should go long yet or wait a few days? Thanks
Try a casino if you want to place a bet on whim.
  • #26,138
  • Oct 4, 2013 7:33am Oct 4, 2013 7:33am
hmmm waiting for my next sell signal

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  • #26,139
  • Oct 4, 2013 7:40am Oct 4, 2013 7:40am
Quoting fxmasterdxb
{quote} 7ya allah bu fajr! my chart has smilar view to yours! it could get to 1330 and then drop hard towards 1278 and maybe further towards the blue circled area! all the best {image}


7ayallah fxmaster :-)
  • #26,140
  • Oct 4, 2013 8:34am Oct 4, 2013 8:34am
really boring price action last couple of days...
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