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

Quoting bugsbunny110
1218
We are two buggs..
Quoting dsncorp
{quote} We are two buggs..
This is really a kidding, Chart not respect for anything
Trading Trivia: http://localsfoolsgold.blogspot.be/2...ng-trivia.html
All of you conjecturing about the markets:

Examine this image and tell me what you think about something known as "The Singularity". There is no escape from geometry in a chart. geometry is what make the markets appear to show something. The form of geometry is what we use to analyse the movements and draw conclusions from it to better inform our future decisions.
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You win, you lose. All else is history. The future does not exist.
For anyone who dont understand this rally, watch the trade balance, investor concern US default and another government shutdown
Quoting The Rhodie
All of you conjecturing about the markets: Examine this image and tell me what you think about something known as "The Singularity". There is no escape from geometry in a chart. geometry is what make the markets appear to show something. The form of geometry is what we use to analyse the movements and draw conclusions from it to better inform our future decisions. {image}
What you chart tells us buy or sell

because my analysis tells me that 1230 is the last should reach if we want to see 1180 at least

and in the same time I hope it goes down from here because I am in short positions

Most of trader I knew have a margin call today due to the stupid move
Quoting bugsbunny110
{quote} What you chart tells us buy or sell because my analysis tells me that 1230 is the last should reach if we want to see 1180 at least and in the same time I hope it goes down from here because I am in short positions Most of trader I knew have a margin call today due to the stupid move
If a 15 dollar move causes margin call then they should have a better money management. They were over-leveraged
The fear of US default is much smaller than Tapering, so it is still bearish, I think 1255 still holds.
Quoting KiwiOz
{quote} Back to 1230 then down we go again........... {image}

Most of what kiwioz said is true...so if anyone listen to his technique surely will work well..

So after this, we will see a downturn supposely...
Gold is my pleasure.
Quoting The Rhodie
All of you conjecturing about the markets: Examine this image and tell me what you think about something known as "The Singularity". There is no escape from geometry in a chart. geometry is what make the markets appear to show something. The form of geometry is what we use to analyse the movements and draw conclusions from it to better inform our future decisions. {image}
How do you read it?
The true fact is market doesn't care, risk mgt is important.
Quoting bugsbunny110
{quote} What you chart tells us buy or sell because my analysis tells me that 1230 is the last should reach if we want to see 1180 at least and in the same time I hope it goes down from here because I am in short positions Most of trader I knew have a margin call today due to the stupid move
Couple of resistance above. 1232 minor resistance, and 1242 a sell zone.
Price move in Zig Zag manner my friend.
The true fact is market doesn't care, risk mgt is important.
Quoting Fidza
Am I missing something here? Did China just bomb the US, I mean there has to be some kind of logic even in forex, Surely I must be missing something, or has gold just become a risk on trade?
Its called "manipulation".
"Where you want to be is always in control, never wishing, always trading.
Quoting Spec_And
{quote} Its called "manipulation".
Or Data leak , most probably in housing
Officer ... I swear to drunk I am not God
Quoting Fidza
{quote} Or Data leak , most probably in housing
Well new home sales came in stronger than expected. ISM came in slightly weaker, so its a wash. Nothing extraordinary to warrant such a move...
"Where you want to be is always in control, never wishing, always trading.
Quoting Fidza
Am I missing something here? Did China just bomb the US, I mean there has to be some kind of logic even in forex, Surely I must be missing something, or has gold just become a risk on trade?

Welcome to the world of trading gold, leave logic and sanity at the door.
Quoting bugsbunny110
{quote} What you chart tells us buy or sell because my analysis tells me that 1230 is the last should reach if we want to see 1180 at least and in the same time I hope it goes down from here because I am in short positions Most of trader I knew have a margin call today due to the stupid move
This chart says that move was always on the cards and wass planned at 10h33 yesterday morning. The entire thing was meant to change the direction of gold because of the risk to investments by large players in the markets. It's time buying strategy that will ultimately fail, but will earn some money from tradrs with bad strategies. The first warning was the low volume. The seconda volume warning was that it all caame in during the US PM session, so this is a USD issue with the FED. There amy be a chance to short again, but caution is advise until after 3pm. That's when you can think about it. Make stops max $1.50 away from entry. If you're right and the point you picked is exact, then you wouldn't have any trouble with the trade being stopped out.
You win, you lose. All else is history. The future does not exist.
Quoting bugsbunny110
{quote} What you chart tells us... I hope it goes down from here because I am in short positions Most of trader I knew have a margin call today due to the stupid move
That's terrible. It's a shame that they don't have tight trading policies. In my opinion theey will now learn nopt to use large stops that can kill their accounts.

Analysis.
My chart says that market bearish, but we wait until right time to place positions. Recent activity has put my analysis correct to go short @1229.75 14h53 GMT. Now might be a chance, but that's your risk.
You win, you lose. All else is history. The future does not exist.
Quoting Ssm
{quote} Couple of resistance above. 1232 minor resistance, and 1242 a sell zone. Price move in Zig Zag manner my friend.
I have 1232 as resistance on my chart, if price closes below, then we are still in the bear territory.
The true fact is market doesn't care, risk mgt is important.
The price made ​​a classic retracement to 23.6 fibo and now goes down, IMHO
Quoting gilfx
The price made ​​a classic retracement to 23.6 fibo and now goes down, IMHO
What time frame are you looking at? I do have a retracement to the 38 on the 2 hr but on the daily ,its nowhere near any fib level, and also what about fundamentals, the crazy move is not only confined to Gold, the S&P and pretty much all other major indexes have left me scratching pretty hard.
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Officer ... I swear to drunk I am not God
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