XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1346 | Metals Mine

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

  • #26,901
  • Oct 21, 2013 3:13am Oct 21, 2013 3:13am
Quoting venzen
{quote} it would be easy for me to start imagining reasons and write an essay, but the truth is: I don't know. At the larger TFs you can see they're at different stages of trend so they are not actually correlated. I'd say they may be unfolding similar patterns in their PA, hence the similarity. Just a guess.
Or for somedays, someone is selling JPY and buying Gold.
Forexample for today -and i noticed several times- Whenever JPY(index) is worst , Gold (index) was almost best.
And USD(index) is between them..
  • #26,902
  • Oct 21, 2013 3:36am Oct 21, 2013 3:36am
Quoting venzen
{quote} no problem, PA = Price Action (as in "Gold PA is pushing above 1320 right now" or "PA has corrected the recent high") H&S = head and shoulders formation TF = timeframe (of your chart, so M5 for 5min chart, H1 for a 1hour TF chart, daily TF, etc) You can catch all of these and the newbie "must-know" info at babypips.com - excellent progressive course for anyone, not just newbies.
thanks a lot, and for k3nshinz3139 also for the clarifications..
  • #26,903
  • Oct 21, 2013 3:42am Oct 21, 2013 3:42am
Gold. HnS looks about complete..........
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Money Makes Money
  • #26,904
  • Oct 21, 2013 4:25am Oct 21, 2013 4:25am
60-100-200day m.a. silver charts

when the price is under m.a, i think it's better to be bearish.
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  • #26,905
  • Oct 21, 2013 5:10am Oct 21, 2013 5:10am
Quoting KiwiOz
Gold. HnS looks about complete.......... {image}

agreed, on one hour chart.
  • #26,906
  • Oct 21, 2013 5:16am Oct 21, 2013 5:16am
Pretty sure we are about to see a big move up. Might not happen until next year though.

At any rate I've been long from 20.65.

Trade well.
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Be hopeful in a winning position, and fearful in a losing position.
  • #26,907
  • Oct 21, 2013 6:11am Oct 21, 2013 6:11am
Quoting okanemici
{quote} {quote} Plan B is wathching 1330 like a hawk, if it doesn't give a chance it will eventually have to give an other one, only difference it would be a little bit higher.But not so high, If they want to mark this up they will sucker some longs before it and I plan to catch it, it is the only way trading this monster.Another number to watch is 1285, below it bears will kick in only to steal more long positions from the retailers. What I believe is they want to mark this up so desperately but it won't happen before November.With the first week...
If anyone is looking for shorts right now 1317 would be that opportunity for 1298 target.I have a toe in the water now.
  • #26,908
  • Oct 21, 2013 6:18am Oct 21, 2013 6:18am
Quoting Gold-lover
What if Gold is not moving to the upside at all, and what if last move up is simply a pullback of descending trend?! In fact I can three down trendlines on the daily chart. the one broken last weak is the weakest (shortest) one, but still we have stronger (longer) down trends that add more pressure on gold to the south. but I feel how everyone is waiting for move up. This is puzzling.
You have a good point Gold-lover but for the first time since 01.09.2013 4h trend is up since thursday.To see lower below 1290 we first need to see this 4h trend reverse and there is no clue yet. My take is either today or tomorrow with the non farm numbers they will push the price down to 1295 area make everybody sell , take out longs and then make an attack to the upside in the following days.
  • #26,909
  • Oct 21, 2013 6:52am Oct 21, 2013 6:52am
GOLD: Short
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  • #26,910
  • Oct 21, 2013 6:55am Oct 21, 2013 6:55am
triple top ? reversal ?
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  • #26,911
  • Oct 21, 2013 6:57am Oct 21, 2013 6:57am
undecided dojis ?
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  • #26,912
  • Oct 21, 2013 7:20am Oct 21, 2013 7:20am
I´m also favouring the short side on gold

http://i.imgur.com/cibqeoG.jpg
  • #26,913
  • Oct 21, 2013 7:28am Oct 21, 2013 7:28am
dollar index
http://i.imgur.com/yp3auqo.jpg
  • #26,914
  • Oct 21, 2013 7:56am Oct 21, 2013 7:56am
Quoting Rag2RichesFX
Pretty sure we are about to see a big move up. Might not happen until next year though. At any rate I've been long from 20.65. Trade well. {image}

very nice analysis and forecast.

looking at that stochastic it seems the upside has already begun - just seems the stoch won't allow the additional downside shown - although the reverse divergence in RSI might...

thanks for the headsup R2R, we have plenty of time to enter trades on that rally!
cryptocurrency everytime
  • #26,915
  • Oct 21, 2013 8:29am Oct 21, 2013 8:29am
Quoting GqOrlando
dollar index {image}
A little forced looking.

- On completion it would only bring the price back up to around your first blue line likely to be then rejected and continue falling to make a new low.

But, any such move north now could also simply just be considered correction from last week's fresh low.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,916
  • Oct 21, 2013 8:32am Oct 21, 2013 8:32am
Quoting TheArcher
triple top ? reversal ? {image}

More just sideways price movement and range on the H1.

I usually wouldn't use anything lower than the H4 to identify a double top / let alone a triple top.

That's just range. Good for scalping.

If it doesn't break north soon, she will likely dip down ten bucks or so,

Need to take a look at this week's news though.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,917
  • Oct 21, 2013 9:24am Oct 21, 2013 9:24am
Nice chart and analysis, we should start seeing possible signs later in this year before the Winter Holidays and I agree, if it does happen - the large move - it likely won't be until next year,

Here is also a possible scenario for manipulation UP, If certain, brokers, houses, traders, etc,

have their clients money positioned for longs or are in "long only" funds, they may begin to start trying to pad the books before years end by manipulating price
north in turn showing a positive gain for the year to their clients.



Quoting Rag2RichesFX
Pretty sure we are about to see a big move up. Might not happen until next year though. At any rate I've been long from 20.65. Trade well. {image}
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,918
  • Oct 21, 2013 11:16am Oct 21, 2013 11:16am
This side way move of gold might be indication for big move coming.. As i see it, 1320 might be the key here, if it's break then it will touch a new high.. if it is isn't then it will go way down.. just my opinion as a newbie.. its exciting though.. am holding one short post with 1338 SL with 1295 TP..
  • #26,919
  • Oct 21, 2013 12:17pm Oct 21, 2013 12:17pm
When I trade Gold, I ask myself whom will buy with me,....the response may be European extension to new members and metals uses and other ideas. But the fact remain that Europe has limited interests to buy metals at this levels to support Russia, all people talk about new development of Euro Credit crisis
  • #26,920
  • Oct 21, 2013 12:33pm Oct 21, 2013 12:33pm
Quoting XTrade
{quote} More just sideways price movement and range on the H1. I usually wouldn't use anything lower than the H4 to identify a double top / let alone a triple top. That's just range.
yes, my mistake .
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