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

  • #31,401
  • Jan 9, 2014 1:58am Jan 9, 2014 1:58am
Quoting XTrade
Major DTLs are all broken now, there is no way to logically redraw them to suit anyone's needs. Both metals are in range. {quote}
That's an interesting thought that they are in range. Good to see you never stated that they were rangebound, which means trouble. Many years ago there was an acceptable price range for gold to trade in and that was from$100 to $480. Now we have a new range of $1180 to $1980 but the expected range for the past couple months has been around 1240 - 1220. Sideways? Not really. Holding pattern.
You win, you lose. All else is history. The future does not exist.
  • #31,402
  • Jan 9, 2014 1:59am Jan 9, 2014 1:59am
Quoting XTrade
Weekly SILVER SPOT and MONTHLY GOLD now attached. ONE BAR IS A MONTH avg 30 DAYS. so please don't make any irrational remarks like "we may see sudden drops to 650 / 700" Only fools say such things... Not saying gold doesn't have "falling potential" - Because I will not be convinced we are out of RANGE which we ARE IN NOW, until it is above 1450 at least. 1350 would be nice. Silver showing signs of bottoming. Platinum and Palladium on a 30 day chart are kicking AG AND AU's asses....
I agree that 650 - 700 is a fool's view, however, I am looking for downside up to 1120 and possibly more in near future.
  • #31,403
  • Jan 9, 2014 3:31am Jan 9, 2014 3:31am
What is the possibility that a Bat pattern complete on the weekly chart and hit the 1700$ target, here attach a chart that shows the bat pattern
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdmweekly.png Size: 57 KB
  • #31,404
  • Jan 9, 2014 3:43am Jan 9, 2014 3:43am
Quoting XTrade
Weekly SILVER SPOT and MONTHLY GOLD now attached. ONE BAR IS A MONTH avg 30 DAYS. so please don't make any irrational remarks like "we may see sudden drops to 650 / 700" Only fools say such things... Not saying gold doesn't have "falling potential" - Because I will not be convinced we are out of RANGE which we ARE IN NOW, until it is above 1450 at least. 1350 would be nice. Silver showing signs of bottoming. Platinum and Palladium on a 30 day chart are kicking AG AND AU's asses....

Fools definitely amuse the audiences.
  • #31,405
  • Jan 9, 2014 5:26am Jan 9, 2014 5:26am
Quoting fadyvictor
What is the possibility that a Bat pattern complete on the weekly chart and hit the 1700$ target, here attach a chart that shows the bat pattern {image}

About 1:7000 against.
You win, you lose. All else is history. The future does not exist.
  • #31,406
  • Jan 9, 2014 5:45am Jan 9, 2014 5:45am
Do you have ideas .... where is gold going? 1228 seems to be very resistive... It's going down? Or it's waiting for news?
Today I have no ideas...
If you do not know who you are, the Forex is the worst place to find you
  • #31,407
  • Jan 9, 2014 6:27am Jan 9, 2014 6:27am
Quoting skassacomput
Do you have ideas .... where is gold going? 1228 seems to be very resistive... It's going down? Or it's waiting for news? Today I have no ideas...

Non farm payroll tomorrow will send Gold on its way up/down. Up I think.
insideBars==boss
  • #31,408
  • Jan 9, 2014 6:29am Jan 9, 2014 6:29am
Close half of my longs, rest TP 1238.
  • #31,409
  • Jan 9, 2014 6:37am Jan 9, 2014 6:37am
HI
Attached Image (click to enlarge)
Click to Enlarge Name: 1280.gif Size: 118 KB
  • #31,410
  • Jan 9, 2014 6:41am Jan 9, 2014 6:41am
Quoting The Rhodie
{quote} About 1:7000 against.
Quoting fadyvictor
What is the possibility that a Bat pattern complete on the weekly chart and hit the 1700$ target, here attach a chart that shows the bat pattern {image}
Quoting goldJunkie
View-2: Sideways - Range-Bound Logic: {image}
This is going to remain below 127X for now and then a NICE FALL ahead taking it below 1180, then way down to 1120 & possibly even lower.
  • #31,411
  • Jan 9, 2014 6:52am Jan 9, 2014 6:52am
Quoting fadyvictor
What is the possibility that a Bat pattern complete on the weekly chart and hit the 1700$ target, here attach a chart that shows the bat pattern {image}

DEAR FADYVICTOR
Do you want to sell just over 2014 in 1500 prices؟
I think the 1273 and 1277 then go for gold in 1111
  • #31,412
  • Jan 9, 2014 7:05am Jan 9, 2014 7:05am
Inverted head and shoulders forming on the daily 38.2% retrace on the weekly would be 1278 for the inverted h and s on the daily
  • #31,413
  • Jan 9, 2014 7:17am Jan 9, 2014 7:17am
Quoting rythmrig
Inverted head and shoulders forming on the daily 38.2% retrace on the weekly would be 1278 for the inverted h and s on the daily
Unless 1247 is breached. At the moment, it appears that any slight rally are being sold down.
The true fact is market doesn't care, risk mgt is important.
  • #31,414
  • Jan 9, 2014 7:27am Jan 9, 2014 7:27am
Quote
"we may see sudden drops to 650 / 700" Only fools say such things
Politeness prevented me from commenting but I agree,it was annoying even for noobs! As a strict news trader am hoping the news will give enough momentum either way to break this narrow range.
  • #31,415
  • Jan 9, 2014 7:58am Jan 9, 2014 7:58am
Bearish Engulfing on H1...
double top on H1 @1230 and bearish pin bar on H4 coming up .... DOWN! DOWN!!!
If you do not know who you are, the Forex is the worst place to find you
  • #31,416
  • Jan 9, 2014 7:59am Jan 9, 2014 7:59am
Okay, this boy is trying to test 1230, again. Doubt we'll see much action this week, though I'm favoring for it to go up. How far ? I hope it breaks 1230 first to see 1240.
  • #31,417
  • Jan 9, 2014 8:06am Jan 9, 2014 8:06am
Hey all. Morning
Unemployment (US) already done. better than forecast but still GARBAGE IMO...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,418
  • Edited 8:24am Jan 9, 2014 8:08am | Edited 8:24am
Still in yesterday's range - 1220 - 1230 top as of now.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 46.png Size: 14 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,419
  • Jan 9, 2014 8:13am Jan 9, 2014 8:13am
Hey buddy! Nice comment!

Feel free to speak your mind here without worry. There are only a few simple rules in post no. 1!

Actually the quote below is from someone who was spamming the thread with ABSOLUTELY NO reasoning...

BTW: I base a TON of trades on News these days. Especially GOLD.

Quoting kiarie2009
{quote} Politeness prevented me from commenting but I agree,it was annoying even for noobs! As a strict news trader am hoping the news will give enough momentum either way to break this narrow range.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,420
  • Jan 9, 2014 8:21am Jan 9, 2014 8:21am
Looks like she might want to test 1220 again.... If the range holds I'll take 1220 for a clean 5 USD move north.

let's see... patience............
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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