XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1387 | Metals Mine

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

  • #27,721
  • Nov 7, 2013 7:22am Nov 7, 2013 7:22am
Quoting Jorsik
{quote} So gold is gonna go 50$ straight up? Today?
Ofcourse not, it goes up generally with a zigzag.Tomorrow there are still tricks to be played.Buying the dips is the only way out.
  • #27,722
  • Nov 7, 2013 7:25am Nov 7, 2013 7:25am
Quoting morfasie
USD breaks 81 which should then in turn weaken Gold, but Gold follows it....Weird
There is no correlation between currencies and gold. (See post #1 and other more recent posts).

The ECB just lowered the interest rate of the Euro to 0.25%, thus the flight out of the Euro into everything else including gold and silver. Waiting now for US data. In a sane and predictable world, if there's poor USD data I would go long Aussie and Kiwi against USD and go long Aussie and Kiwi against the Euro if there's good data. However, data releases are an opportunity for the "powers that be" to have their way with the market so it's best to avoid trading until the dust settles.

The initial drop in gold and silver and the subsequent push back down below yesterday's close price after both first broke higher suggests shenanigans. Again, it's best to avoid trading until the dust settles and the shenanigans have run their course.
You can always make money tomorrow provided you don't lose it today.
  • #27,723
  • Nov 7, 2013 7:30am Nov 7, 2013 7:30am
I love the precision of this entry!
This yellow metal rocks!!
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  • #27,724
  • Nov 7, 2013 7:31am Nov 7, 2013 7:31am
Gold is incredibly bullish long term via my system with the rejection of key levels 1200 and 1250 showing on the weekly.... But the fact every little rally gets sold into makes me think maybe 1260 first. I will continue to build long positions with stops under 1200
Loser trying to become a winner!
  • #27,725
  • Nov 7, 2013 7:43am Nov 7, 2013 7:43am
Quoting bugsbunny110
{quote} Is anyone remember my analysis, now up finished and I am waiting now for 1269 Enjoy )))) Mathematical Never Lie
H&S created can you see it on Daily TF

  • #27,726
  • Nov 7, 2013 7:55am Nov 7, 2013 7:55am
Quoting pipcenturion
I love the precision of this entry! This yellow metal rocks!! {image}

Sleep well with sweet dream, Congratulation!!
You are a Fun-Loving Trader (I do better when i have fun)
  • #27,727
  • Nov 7, 2013 7:56am Nov 7, 2013 7:56am
Quoting bugsbunny110
{quote} Is anyone remember my analysis, now up finished and I am waiting now for 1269 Enjoy )))) Mathematical Never Lie
Very good analysis bugsbunny110... Very good indeed..
  • #27,728
  • Nov 7, 2013 8:09am Nov 7, 2013 8:09am
Quoting bugsbunny110
{quote} H&S created can you see it on Daily TF
No its not created. Its created when the daily closes. What if this retraced twice the current drop ? then the daily closed. Your H&S 'created' would now not be created. Its currently a pending H&S if anything depending on the close (which to me looks like it will be confirmed)
Not on the rug!
  • #27,729
  • Nov 7, 2013 8:13am Nov 7, 2013 8:13am
Quoting MyOpinion
Gold is incredibly bullish long term via my system with the rejection of key levels 1200 and 1250 showing on the weekly.... But the fact every little rally gets sold into makes me think maybe 1260 first. I will continue to build long positions with stops under 1200
There'a a lot of manipulation in metals. I like your view. I'll look at 1280 down to 1250 to position longs. The US debt ceiling situation will change things radically next year and we will see gold fly to new highs soon(ish). They cant keep the price lower for much longer i dont think.
  • #27,730
  • Nov 7, 2013 8:14am Nov 7, 2013 8:14am
my View
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  • #27,731
  • Nov 7, 2013 8:21am Nov 7, 2013 8:21am
H1
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  • #27,732
  • Nov 7, 2013 8:27am Nov 7, 2013 8:27am
Quoting amasat
H1 {image}

hi amasat,

i like the geometric patterns superimposed on PA

can you perhaps make the geometric lines opaque or a lighter colour to make the PA more visible? That will help show what is being revealed by the analysis.
cryptocurrency everytime
  • #27,733
  • Nov 7, 2013 9:03am Nov 7, 2013 9:03am
Quoting bugsbunny110
{quote} Is anyone remember my analysis, now up finished and I am waiting now for 1269 Enjoy )))) Mathematical Never Lie
hi
You Think We see 1270 tomorrow with USD news? or you think Gold go 1270 before the news and Go Up On News?

What You Think about Price When See 1270 and Back Up??
  • #27,734
  • Nov 7, 2013 9:09am Nov 7, 2013 9:09am
Quoting venzen
{quote} hi amasat, i like the geometric patterns superimposed on PA can you perhaps make the geometric lines opaque or a lighter colour to make the PA more visible? That will help show what is being revealed by the analysis.
if this not clear just tell me wich color for back ground & lines you prefer ill be glad to change it


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  • #27,735
  • Nov 7, 2013 9:34am Nov 7, 2013 9:34am
gold bounce up again.
  • #27,736
  • Nov 7, 2013 9:34am Nov 7, 2013 9:34am
Quoting amasat
{quote} if this not clear just tell me wich color for back ground & lines you prefer ill be glad to change it {image}

that's much better, thank you for adjusting it.

One last thing: can those geometric lines be grey to allow PA to be the main chart feature?
cryptocurrency everytime
  • #27,737
  • Nov 7, 2013 10:46am Nov 7, 2013 10:46am
Gold played exactly to RSI and price action trend lines today. I'm maintaining $1,306 as support (show of hands for everyone that reloaded here) and if that holds I'm targeting a retest of the long-term descending trend line (red) which should be intersecting with resistance of the ascending channel (blue) between $1,342.50 and $1,345 around when the London market opens.

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You can always make money tomorrow provided you don't lose it today.
  • #27,738
  • Nov 7, 2013 10:48am Nov 7, 2013 10:48am
Quoting venzen
{quote} that's much better, thank you for adjusting it. One last thing: can those geometric lines be grey to allow PA to be the main chart feature?
wich one is better the black back ground or the white ,,
yet if you want me to change no problem so it will be the default settings to post

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  • #27,739
  • Nov 7, 2013 11:18am Nov 7, 2013 11:18am
Quoting amasat
{quote} wich one is better the black back ground or the white ,, yet if you want me to change no problem so it will be the default settings to post {image} {image}
i like the second chart on white background. Now i'm going to study it

thanks again for adjusting - it's easier on the eyes
cryptocurrency everytime
  • #27,740
  • Edited 11:45am Nov 7, 2013 11:36am | Edited 11:45am
Are you two having fun, maybe some crayons to fill in the pretty empty spaces
just kiddin, let us know if you gain anything from the geometric mass, amasat is sure keeping his cards close. it would only make sense if it was seen in dozens of scenarios.
amasat what is your story about your images? does it help you gauge movement etc

so ive been away testing, and boy did i get lucky today, i took targets at 1325 saved a few accounts

im with you KADC, i bought at 1306 ish fingers crossed!?! dont think i can hold the size position if it falls below 1280 so lets hope 'bunny' is wrong
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