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

  • #29,221
  • Nov 27, 2013 1:35pm Nov 27, 2013 1:35pm
Quoting TheArcher
nice divergence play {image}

Nice chart. But divergence on what direction? To the downside?
Thnx
  • #29,222
  • Nov 27, 2013 1:44pm Nov 27, 2013 1:44pm
Quoting Gold-lover
{quote} May I ask about your target in this long position. For me, I am still thinking about a possible start of a long uptrend. Thnx
I dont know, it is not a signal of big up trend, it is just a trade try to make profit from other big boy's short covering. However, they will definitely control the price and using gradually filling to avoid a expensive exit price. So maybe 1245 ? 1250? I really can not say.

The thing is tomorrow UK session traders may want to test 1255 again or even higher? so I will hold my long dependent on the situation.
  • #29,223
  • Nov 27, 2013 2:01pm Nov 27, 2013 2:01pm
My daily chart (below) makes me think the present downtrend is over. The hammer which has been made the day before yesterday looks like the ones in previous divergence points. When I study PA in previous turning points (with regard to trend) I notice that it tended to struggle in the opposite direction. This is what seems to me now. It SEEMS struggling down, while probably it may go up. I don't know how valid my observation is.

There is also the stochastic and RSI readings. They both designate divergence.
Any suggestions?
Thank you all

Edit, I forgot to mention the five-wave count (I discussed with venzen previously, and I believe he is our expert in this regard)
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  • #29,224
  • Nov 27, 2013 2:09pm Nov 27, 2013 2:09pm
Quoting Gold-lover
My daily chart (below) makes me think the present downtrend is over. The hammer which has been made the day before yesterday looks like the ones in previous divergence points. When I study PA in previous turning points (with regard to trend) I notice that it tended to struggle in the opposite direction. This is what seems to me now. It SEEMS struggling down, while probably it may go up. I don't know how valid my observation is. There is also the stochastic and RSI readings. They both designate divergence. Any suggestions? Thank you all Edit, I forgot...
If you still not long, now is a opportunity. 3pm-4pm NY time is a common time to test previous or create a new high/low.
  • #29,225
  • Nov 27, 2013 2:10pm Nov 27, 2013 2:10pm
Quoting komrad
{quote} what is this man? this is ur personal issue between u n him, why u showing it to all here? really questionable character.. the issue here, was their trade call helping or not.. IMO its helping, y? becoz its quite accurate n they should be allow to keep posting here, for those who didnt agree then just ignore them, give other people choice, something we called it freedom unless that was not applicable here..

NO IT'S ACTUALLY in extremely poor taste and juvenile. I highly doubt this person even trades in any real account.

I had the pleasure of receiving a similar delinquent message. Like I should have to say this but please excuse his limited an poor choice of words. Again delusional this person was suspended they did not depart.

And you question my actions.... PLEASE.

BTW: This has nothing to do with any little scalp calls. NO one cares. It is the means in which presented and the extreme lack of respect for everyone here including yourself.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,226
  • Nov 27, 2013 2:14pm Nov 27, 2013 2:14pm
Quoting LarryLU
{quote} If you still not long, now is a opportunity. 3pm-4pm NY time is a common time to test previous or create a new high/low.
I have been long since the day before yesterday, from 1230, and I hope it will not get hit! My first target being the 61.8 fib (around 1277), and then higher.
  • #29,227
  • Nov 27, 2013 2:19pm Nov 27, 2013 2:19pm
Quoting Gold-lover
{quote} I have been long since the day before yesterday, from 1230, and I hope it will not get hit! My first target being the 61.8 fib (around 1277), and then higher.
No, I dont think so, not a high percentage thing. There are strong support @ 1236, and just like I said hours ago it could the bot of today (I said before we may see 1230-1236). However, since I am long also, I want 1236 holds too....
  • #29,228
  • Nov 27, 2013 2:27pm Nov 27, 2013 2:27pm
XAUUSD has been in a clear downtrend for a long time , and I do not think that there is a need to produce bullish scenarios and focus all our attention on it. I think the priority should be given to bearish scenarios . Yes, we all know that GOLD is the secure instrument and is always attractive to investors, that is why it will alwasy be valuable. But as "traders" we shud flow with the trend...and it is bearish at the moment !!

http://img11.imageshack.us/img11/3831/ojuc.png


Here is my chart for XAUUSD and the green circle is my prediction circle where the price is supposed to be stopped by the bears , and noone knows who will have the victory. But for now we have some more way to go...

Regards ...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #29,229
  • Nov 27, 2013 2:32pm Nov 27, 2013 2:32pm
Just add more long @ 1236. Hope I did not buy so much @ 1239...
  • #29,230
  • Nov 27, 2013 2:33pm Nov 27, 2013 2:33pm
isit my post had been deleted? in my chart as i see its a downtrend dont think it will up now should go new low only retrace
  • #29,231
  • Nov 27, 2013 2:37pm Nov 27, 2013 2:37pm
Quoting LaLinea
{quote} Sorry my friend but I don't agree with u ! to much selfish Now I completely understand you . You got ur fellows and all of you have same opinion. Communism died along with TITO !! Nowadays we practice Democracy !! I suppose u banned gemy ! who is the next ? of course me LaLinea

You can not agree with me all you want. In a Democracy people follow a loose or firm set of rules, some just simple etiquette others are LAWS, without this we have Anarchy. This is why there are forum moderators and people Like policemen and law and order. Innocent until found guilty at least in the USA.

He was given a second chance and blew it. We are here to discuss a wide variety of trading aspects as many of the regular posters have different styles. Thus,
many can learn a lot in a small period of time, as well people can adopt different tools.

This is not a thread for just punting out baseless - even if accurate once and a while calls. As I have mentioned already 3 times. Nor is hostility towards others welcome, name calling, etc. ALL of which were demonstrated. Oh and if you want a third strike? Consider # 2 the image below and #3 today.
I AM NOT A BABYSITTER.

NO ONE IS FORCING YOU TO BE HERE> FREE WILL. You are all able and welcome by the forum to go and start your own threads if you like to or are unhappy here.
In all honesty all of the complaining by you guys I would have thought you guys would have gone and started your own little tea party.

BUT DON'T come bitching to me about Democracy and he your friend was treated unfairly. WHY DON'T you READ THE BEAUTIFUL POST BELOW aloud to yourself and then ponder it. I have been consistently POSTING HERE - Helping, Sharing, Learning and all the like for going on 5 YEARS.

I am not going to let the thread go to sh!t just because of one person.

If this is beating you up so much go find your buddy and make your own thread where you can do whatever you please.

Here, I hope you are proud of this.

I am done wasting my time discussing this waste of space any more.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,232
  • Nov 27, 2013 2:47pm Nov 27, 2013 2:47pm
Quoting XTrade
{quote} You can not agree with me all you want. In a Democracy people follow a loose or firm set of rules, some just simple etiquette others are LAWS, without this we have Anarchy. This is why there are forum moderators and people Like policemen and law and order. Innocent until found guilty at least in the USA. He was given a second chance and blew it. We are here to discuss a wide variety of trading aspects as many of the regular posters have different styles. Thus, many can learn a lot in a small period of time, as well people can adopt different...
Hi XT,

I like so much your saying

"We are here to discuss a wide variety of trading aspects as many of the regular posters have different styles. Thus,
many can learn a lot in a small period of time, as well people can adopt different tools."

This is exactly the most important thing for me. I am a beginner, but I got to know a number of things in this thread, especially through the explanations and chart analyses posted by the regular members (and I mention here you and venzen).

Thanks a lot for your efforts in this forum, and keep it up
  • #29,233
  • Nov 27, 2013 2:50pm Nov 27, 2013 2:50pm
Quoting Gold-lover
{quote} I have been long since the day before yesterday, from 1230, and I hope it will not get hit! My first target being the 61.8 fib (around 1277), and then higher.
I think asian traders will test the possible high/low of assian session range in the first 3 hours. Will adjust my SL then.
  • #29,234
  • Nov 27, 2013 2:54pm Nov 27, 2013 2:54pm
If you read back in the thread you will find all pertinent bearish levels at this point have been hashed out already.

Surely you have been in a trade where you look back and say, "damn" the bottom was right there the whole time, why didn't I take that trade and let it ride.


For instance, in the immediate sense. 1230 goes, we should see 1200, 1200 goes--> 1180 goes, 1150, 1100 1060, 1000 doubt even if this move continues down it will stay anywhere close to 1050/1075 for an extended period.

Likewise, the physical market, jewelers, investors, etc banks, would be buying hand over fist at anything sub 1000 which would likely create a shortage which happened with silver in 2007/08 - rise to 21 then falls all the way down to about 8/9 bucks. Most bullion dealers, would not take orders the only place I could by was directly from a MINER/MINT/DEALER which stamped the order with an at least SIX month waiting list.

Quoting selym_co
XAUUSD has been in a clear downtrend for a long time , and I do not think that there is a need to produce bullish scenarios and focus all our attention on it. I think the priority should be given to bearish scenarios . Yes, we all know that GOLD is the secure instrument and is always attractive to investors, that is why it will alwasy be valuable. But as "traders" we shud flow with the trend...and it is bearish at the moment !! {image} Here is my chart for XAUUSD and the green circle is my prediction circle where the price is supposed to be stopped...
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,235
  • Nov 27, 2013 3:01pm Nov 27, 2013 3:01pm
Hi Gold-lover,

Nice to hear a compliment instead of a complaint.

You are quite welcome. I'm glad that you are learning a lot. You should find the little ride through the holiday season potentially interesting, then when things get
rolling again we should be back to 50 USD swings on news up or down, good or bad. The liquidity and volume is already less than it was, so some of these slow days are a great time to take small trades, and use your TP and SL.
But you do want to be careful as well, because when the market really thins out, then it is quite easily pushed around by the banksters, funds, etc.
Thanks Mate!
XT-

Quoting Gold-lover
{quote} Hi XT, I like so much your saying "We are here to discuss a wide variety of trading aspects as many of the regular posters have different styles. Thus, many can learn a lot in a small period of time, as well people can adopt different tools." This is exactly the most important thing for me. I am a beginner, but I got to know a number of things in this thread, especially through the explanations and chart analyses posted by the regular members (and I mention here you and venzen). Thanks a lot for your efforts in this forum, and keep it up...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,236
  • Nov 27, 2013 3:02pm Nov 27, 2013 3:02pm
Quoting XTrade
If you read back in the thread you will find all pertinent bearish levels at this point have been hashed out already. Surely you have been in a trade where you look back and say, "damn" the bottom was right there the whole time, why didn't I take that trade and let it ride. For instance, in the immediate sense. 1230 goes, we should see 1200, 1200 goes--> 1180 goes, 1150, 1100 1060, 1000 doubt even if this move continues down it will stay anywhere close to 1050/1075 for an extended period. Likewise, the physical market, jewelers, investors, etc banks,...
Good analysis! Just plus my source which could enhance your view: just seen CHina bought more gold from HK, and HSBC publish a report saying more gold and jewelry demand in the future.

And my personal opinion is that we could see gold below 1200 or even 1000, but not soon, much dependent on the timing of tapering.
  • #29,237
  • Nov 27, 2013 3:07pm Nov 27, 2013 3:07pm
Quoting XTrade
If you read back in the thread you will find all pertinent bearish levels at this point have been hashed out already. Surely you have been in a trade where you look back and say, "damn" the bottom was right there the whole time, why didn't I take that trade and let it ride. For instance, in the immediate sense. 1230 goes, we should see 1200, 1200 goes--> 1180 goes, 1150, 1100 1060, 1000 doubt even if this move continues down it will stay anywhere close to 1050/1075 for an extended period. Likewise, the physical market, jewelers, investors, etc banks,...
Thank you very much for the answer... The problem is i do not check the thread very often...and mostly (whenever i check) I see bullish scenarios So thats just a coincidence...and I just wanted to share my perspective too...

Thanks anyway...regards..
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #29,238
  • Nov 27, 2013 3:12pm Nov 27, 2013 3:12pm
Quoting selym_co
{quote} Thank you very much for the answer... The problem is i do not check the thread very often...and mostly (whenever i check) I see bullish scenarios So thats just a coincidence...and I just wanted to share my perspective too... Thanks anyway...regards..

Always feel free to share, -- The reason you likely see a bunch of bull scenarios is because some of the members and myself like to trade longer term,
i.e. Weekly, and sometimes holding a position for months if it is fit.

So in essence the longer term charts still have more gain than loss. Even if gold were to hit 1000 then rise, it would still be about 5x times the value from 2000/3 area.

I know it fills up fast sometimes and is inconvenient to read back - but, usually you can catch the prior day in a few pages.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,239
  • Nov 27, 2013 3:12pm Nov 27, 2013 3:12pm
holy crap! Everything was quiet here and then suddenly Monday a shitstorm blew into town!

Attached Image


Can you guys believe i slept through all that? I woke up about an hour ago and started catching up on posts since my chart about 3 pages ago... i'm sorry i wasn't here to hand out some licks with my sword - there are some viscious disruptive people out there... it's like this individual walked into our meeting, pee'd on the table and then when we protest he curses our mothers... and some other people at the table are like: "he's a good man! give him a break! you guys are meanies!" ... it's like a pack of hyenas descended on the thread out of nowhere...

I saw the screenshot of takytto's disasterous account. When I first came to the thread I remember how, in my naivety, I was handling him with kitty-gloves and you guys were telling me: "It's no use, mate - he's disruptive". Where do these people come from and why do they always turn nasty and insist on staying and abusing everyone despite clearly hating the company?

Anyway, begone with him. Good riddance! Let's trade Gold and Silver!

Inserted Video
cryptocurrency everytime
  • #29,240
  • Nov 27, 2013 3:23pm Nov 27, 2013 3:23pm
These are all possibilities, with all the nonsense today you probably missed the post I made on "tapering."

There was a discussion about the taper and markets early this am On a Financial News channel and I have heard this before, yet now is the second time, so I figure it's worth posting.

This is really just talk, but, the idea is that Bernanke, does not want to taper and is trying to delay until Yellen gets in who does not want to taper "supposedly" either,
and would rather just ink the press. So Bernanke is delaying.

Yet, another discussion is that the tapering really has already began, but is being done in a fashion not to cause much attention, so that when the news actually does drop, and they say QE is over, the market does not go crazy, and those on the "inside track" of development's like this i.e. JPMorgan, HSBC, etc. are already reacting,
which could in my view very well mean that some of the tapering which they like to say would hurt gold is IN FACT ALREADY PRICED INTO THE MARKET!
Thus, when they say OK QE is OVER, and all the outside joes say let's short gold, JPM is buying and has been long since 1180 while the market just buys their TP and they buy the same back at a lower price.

Hope that makes sense.

This is precisely now the second reason I am looking for a solid bottom to form. Technically another simple reason is 1180 or 1200 has still yet to test on any of the downmoves. Likewise forming supports in similar zones say between 1200 and 1260 - on a weekly that 50 bucks in nothing.

Quoting LarryLU
{quote} Good analysis! Just plus my source which could enhance your view: just seen CHina bought more gold from HK, and HSBC publish a report saying more gold and jewelry demand in the future. And my personal opinion is that we could see gold below 1200 or even 1000, but not soon, much dependent on the timing of tapering.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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