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

  • #26,621
  • Edited 12:27pm Oct 15, 2013 12:17pm | Edited 12:27pm
is the Head and Shoulders still valid ?

if so , will it hammer down 1251 forcefully ?

or will 1251 be a solid support for launching up ?
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  • #26,622
  • Oct 15, 2013 12:26pm Oct 15, 2013 12:26pm
Quoting leedicky93
{quote} That's means , We might look into a big red candle by tomorrow or ? ( Please forgive me , I am new not only to forum but also to trading so might ask a lot of question through =D )

no problem. you'll soon get up to speed altho' you might not always get a quick reply if the market is busy!

what i meant was a big red candle (a drop) in M5 (5 minute chart). That has not happened as expected, which i interpret to mean there is not the same selling interest as before. The decline may be over. We have to check our own and others' charts for clues as to what's next...

edit: well the 62% Fib was not struck, so a drop may still happen, but PA seems to behave differently now...
cryptocurrency everytime
  • #26,623
  • Oct 15, 2013 12:31pm Oct 15, 2013 12:31pm
between 1272 and 1251
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  • #26,624
  • Oct 15, 2013 12:34pm Oct 15, 2013 12:34pm
Quoting venzen
{quote} no problem. you'll soon get up to speed altho' you might not always get a quick reply if the market is busy! what i meant was a big red candle (a drop) in M5 (5 minute chart). That has not happened as expected, which i interpret to mean there is not the same selling interest as before. The decline may be over. We have to check our own and others' charts for clues as to what's next... edit: well the 62% Fib was not struck, so a drop may still happen, but PA seems to behave differently now...
Okay . Thanks venzen for the explaination . so we still need to look on it since u said fib was not struck yet . =]
  • #26,625
  • Oct 15, 2013 12:38pm Oct 15, 2013 12:38pm
M5 is good for scalping. Or for reaaaally short term analysis.
  • #26,626
  • Oct 15, 2013 12:44pm Oct 15, 2013 12:44pm
Hoping a double test at 1250 before uptrend . See back Aug highest it's double test at 1906 before a drop yet . Hope this happen here too
  • #26,627
  • Oct 15, 2013 1:05pm Oct 15, 2013 1:05pm
Sell on Rumour, Buy on news?

Gold might surprisingly rally post the resolution of debt issue !!!

Buy @ 1280, SL 1260, TP 1315 - resistance break on 4H
  • #26,628
  • Oct 15, 2013 1:06pm Oct 15, 2013 1:06pm
If daily close is a hammer: all know what'll follow
Per aspera ad astra
  • #26,629
  • Oct 15, 2013 1:09pm Oct 15, 2013 1:09pm
Quoting auther
Sell on Rumour, Buy on news? Gold might surprisingly rally post the resolution of debt issue !!! Buy @ 1280, SL 1260, TP 1315 - resistance break on 4H
Really BUY @1280? Res. is @1285.4, so I recommend Buy @1286 SL 1278 TP1 1298, TP2 1307 ;-)
  • #26,630
  • Oct 15, 2013 1:14pm Oct 15, 2013 1:14pm
Quoting monman
{quote} Really BUY @1280? Res. is @1285.4, so I recommend Buy @1286 SL 1278 TP1 1298, TP2 1307 ;-)
  • #26,631
  • Oct 15, 2013 1:20pm Oct 15, 2013 1:20pm
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Don't have an ego. Always question yourself and your ability.
  • #26,632
  • Oct 15, 2013 1:24pm Oct 15, 2013 1:24pm
Gold HAS been rallying today because no deal has been completed as yet.

What do you think it will do when and if a deal is done?

The reverse, more than likely.
  • #26,633
  • Oct 15, 2013 1:30pm Oct 15, 2013 1:30pm
Quoting SunTrader
Gold HAS been rallying today because no deal has been completed as yet. What do you think it will do when and if a deal is done? The reverse, more than likely.
U mean the bullish signal is coming ?
  • #26,634
  • Oct 15, 2013 1:36pm Oct 15, 2013 1:36pm
Quoting leedicky93
{quote} U mean the bullish signal is coming ?
If it has been rallying what would the reverse be?

Hint:
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  • #26,635
  • Oct 15, 2013 1:40pm Oct 15, 2013 1:40pm
Quoting SunTrader
{quote} If it has been rallying what would the reverse be? Hint: {image}

Sorry SunTrader , I am a new trader Rallying means going up . If it's then reverse will be when they done the deal . =]
  • #26,636
  • Oct 15, 2013 1:43pm Oct 15, 2013 1:43pm
Quoting monman
{quote} Really BUY @1280? Res. is @1285.4, so I recommend Buy @1286 SL 1278 TP1 1298, TP2 1307 ;-)
Got filled in at 1280, booked partial profits @1286... now letting it roll with SL @ 1276
  • #26,637
  • Oct 15, 2013 1:44pm Oct 15, 2013 1:44pm
Quoting SunTrader
{quote} If it has been rallying what would the reverse be? Hint: {image}
Do you think that approval of higher debt is good for currency? The market reacts in these days "strange"....
  • #26,638
  • Oct 15, 2013 1:50pm Oct 15, 2013 1:50pm
I see resistant at 1287 . If can't breakthrough it . Will it reversed ? * curious *
  • #26,639
  • Oct 15, 2013 1:56pm Oct 15, 2013 1:56pm
Quoting leedicky93
{quote} Sorry SunTrader , I am a new trader Rallying means going up . If it's then reverse will be when they done the deal . =]
leedicky,

you can save yourself a lot of misunderstanding and questions by doing the free course at babypips.com

it explains all the concepts and jargon as well as giving you some basic knowledge you wouldn't easily "get" from reading the news and forums.

Altho' i've been trading for a few years i still refer to that site when i need basic trading information.
cryptocurrency everytime
  • #26,640
  • Oct 15, 2013 1:59pm Oct 15, 2013 1:59pm
Quoting venzen
{quote} leedicky, you can save yourself a lot of misunderstanding and questions by doing the free course at babypips.com it explains all the concepts and jargon as well as giving you some basic knowledge you wouldn't easily "get" from reading the news and forums. Altho' i've been trading for a few years i still refer to that site when i need basic trading information.

Alright . Thanks Venzen =D
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