XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1351 | Metals Mine

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

  • #27,001
  • Oct 22, 2013 10:28am Oct 22, 2013 10:28am
Quoting RamsesII
i've taken most of my profits... looking for this rally to conclude shortly via this count {image}

Nice trading! You nailed these.

I let a TP hit before but I am leaving on everything from sub 1275xx to see if this can ride to 1450.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,002
  • Oct 22, 2013 10:31am Oct 22, 2013 10:31am
Price is usually more volatile around releases,

IMO - This has to do with the market's anticipation of whether the releases would even come out or be skipped.
There was a rumor to the latter.

Quoting Gold-lover
Hi all, Do you expect the price to hit 1350 today? One more thing, have you noticed how gold has moved up slowly and gradually?? Most of the time, upon the release of such important news, the movement of the price gets like stormy wind. This time it's not, as if the PA is doing it "shamelessly." Does that mean anything? I might be imagining unreal things. Thanks
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,003
  • Oct 22, 2013 10:44am Oct 22, 2013 10:44am
Quoting XTrade
{quote} Nice trading! You nailed these. I let a TP hit before but I am leaving on everything from sub 1275xx to see if this can ride to 1450.

thanks, i'll leave that little .03er for the longer term swing and look to reload lower, hopefully that 1295 area
Don't have an ego. Always question yourself and your ability.
  • #27,004
  • Oct 22, 2013 10:45am Oct 22, 2013 10:45am
Quoting naser007
But i Believe Today Gold Daily Candle Go 30$ Up From Open
Really Great
  • #27,005
  • Oct 22, 2013 10:48am Oct 22, 2013 10:48am
Quoting RamsesII
{quote} thanks, i'll leave that little .03er for the longer term swing and look to reload lower, hopefully that 1295 area
Can you tell me why are you expecting area 1295 again, do you have any technical analysis for it?
  • #27,006
  • Oct 22, 2013 10:49am Oct 22, 2013 10:49am
Quoting monman
{quote} Can you tell me why are you expecting area 1295 again, do you have any technical analysis for it?

i'm not expecting it; it's just an area of strong support that i'd like to see on any pullback
Don't have an ego. Always question yourself and your ability.
  • #27,007
  • Oct 22, 2013 11:04am Oct 22, 2013 11:04am
Quoting XTrade
Price is usually more volatile around releases, IMO - This has to do with the market's anticipation of whether the releases would even come out or be skipped. There was a rumor to the latter. {quote}
Your explanation makes sense.

When I look at the 5M chart, I can see the shape of EWs in the price rise today.
The first two waves have equal length, and I believe we are now at the beginning of the 5th wave, which might close above 1350.

Does that make sense?
  • #27,008
  • Oct 22, 2013 11:05am Oct 22, 2013 11:05am
Looks like a good place for a scalp

Attached Image (click to enlarge)
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  • #27,009
  • Edited 12:53pm Oct 22, 2013 12:15pm | Edited 12:53pm
resistance
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  • #27,010
  • Oct 22, 2013 12:49pm Oct 22, 2013 12:49pm
just watching and staring
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  • #27,011
  • Oct 22, 2013 1:22pm Oct 22, 2013 1:22pm
When I look on H4 Gold chart there is forming AB=CD with max. price 1353.5... another reason why to be really careful with longs... Last week I am really lost in golden chart... Anyway with "scalps" still in profit
  • #27,012
  • Oct 22, 2013 2:39pm Oct 22, 2013 2:39pm
1343 is 50% fib resistance .
Attached Image (click to enlarge)
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  • #27,013
  • Oct 22, 2013 2:43pm Oct 22, 2013 2:43pm
Quoting TheArcher
just watching and staring {image}
Watch and wait for 1350 to get cracked and tested, that bull flag on the Daily isn't necessarily "complete" technically speaking.

Due to the "news" for now being passed us, these gains will likely be pared.

Thus,

1350 is the next round resistance target to take out and be flipped support.

That will give gold a 100 USD move north in only two weeks. OK but we've seen better.

Love these charts archer!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,014
  • Oct 22, 2013 8:12pm Oct 22, 2013 8:12pm
After looking at the daily for a while.

1350 is the KEY!!!

North or South.

You will find your technical direction there.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,015
  • Oct 22, 2013 8:15pm Oct 22, 2013 8:15pm
Ohhhh How nice and peaceful it is without a troll.........

MMMMMMM. I will relish the moment, cause in one week Tk5 s ban will be lifted.

We will see if he can sustain a rational conversation at such a juncture in time.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,016
  • Oct 22, 2013 8:17pm Oct 22, 2013 8:17pm
Quoting TheArcher
resistance {image}
LOVE IT and YES that IS THE ULTIMATE QUESTION!!!

Or can you BREAK and SUSTAIN!

Good job.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,017
  • Oct 22, 2013 8:19pm Oct 22, 2013 8:19pm
SunTrader,
Not sure where you are - but I would like to see you posting again.
I tried to PM you but it seems I cannot.
Thanks,
XT...........

PS I know you are around.

Come home brother.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,018
  • Oct 22, 2013 9:21pm Oct 22, 2013 9:21pm
Quoting XTrade
After looking at the daily for a while. 1350 is the KEY!!! North or South. You will find your technical direction there.
I'm still watching 1342.62, south or north.

DRT

http://i42.tinypic.com/ay0h2q.png
  • #27,019
  • Oct 22, 2013 10:15pm Oct 22, 2013 10:15pm
Quoting zumarikato
Looks like a good place for a scalp {image}
correcto, just look for 5 to 7 max then flip.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,020
  • Oct 22, 2013 10:45pm Oct 22, 2013 10:45pm
Quoting Drentaga
{quote} I'm still watching 1342.62, south or north. DRT {image}
Well, great number you mention...

If you want my call - the gains will get pared in a 15/20+ USD range and the test to take out 1352 is coming.

Then we look to next targets.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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