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

  • #31,561
  • Jan 12, 2014 8:44pm Jan 12, 2014 8:44pm

makes sense - though any genuine and smart buyer would wait for the price to retrace as it obviously shall given the 1250 even mark plus daily levels reached and overbought conditions and divergences etc etc, so the "push" to complete some vague cycles has to arise out of ability to 'fix' or be able to manipulate prices. so these folks who are sending all these ticks to our computer screens are the culprits, i.e. the major institutional banks have a monopoly on the price and can take it anywhere they like (within limits)?


...here is what i suspect, (though i don't know)

GS says to UBS says to citi to ...others, wink-wink, lets sell to these suckers who want to buy at these high prices (stop loss/ buys) before the price genuinely retraces? conspiracy theory?
  • #31,562
  • Jan 12, 2014 9:08pm Jan 12, 2014 9:08pm
Leonard Cohen says it all

have a listen...

http://www.youtube.com/watch?v=GUfS8LyeUyM
  • #31,563
  • Jan 12, 2014 9:24pm Jan 12, 2014 9:24pm
Quoting KiwiOz
{quote} And a good one too I think. The daily Pivot is at 1241 & a retrace to 1238 is probable....... {image}
Patience, people, patience..........
Money Makes Money
  • #31,564
  • Jan 12, 2014 9:31pm Jan 12, 2014 9:31pm
Quoting KiwiOz
{quote} Patience, people, patience..........
PATIENCE! IS KEY my friends!

In any case 1250 = pass through area for now, the stiffer resistance was 1244. 1250 already broken, BUT, there was a little burst through it in the chart below,
as well the 50's are always pivots.

sure we can see some retracement this week, yet with a strong weekly close, last rejection @1187 and now pushing up out of the gate, edit - OH and supporting fundamentals! - I will not be looking for much.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,565
  • Jan 12, 2014 9:45pm Jan 12, 2014 9:45pm
Quoting XTrade
{quote} Yeah - on your chart that 1280 area then 1310 will be tough. Another ENTIRE whole scenario for future Gold prices is it re-opens an appx 300 USD range - perhaps 1200 to 1500 and trades between it for a year or so, while I don't like this scenario- it is worth consideration. IMO.
Entered one small short @ 1250, SL 1280
I hope I can build these shorts if this is a reversal taking place.
  • #31,566
  • Jan 12, 2014 9:51pm Jan 12, 2014 9:51pm
Quoting goldJunkie
{quote} Entered one small short @ 1250, SL 1280 I hope I can build these shorts if this is a reversal taking place.

Not sure what you mean buy "building" and "reversal"

A reversal of the mid term trend would be UP in which case you DEFINITELY do not want to add shorts for more than a day.

If you mean a reverse south, well, price hasn't even really corrected north yet so...

Again, 1180 then 1187 double bottom so far. Supporting fundies.

Be careful - either way you trade.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,567
  • Jan 12, 2014 11:01pm Jan 12, 2014 11:01pm
Quoting XTrade
{quote} Not sure what you mean buy "building" and "reversal" A reversal of the mid term trend would be UP in which case you DEFINITELY do not want to add shorts for more than a day. If you mean a reverse south, well, price hasn't even really corrected north yet so... Again, 1180 then 1187 double bottom so far. Supporting fundies. Be careful - either way you trade.
I really want to say I did it already once. If you are thinking retrace, it should happened last friday night
  • #31,568
  • Jan 12, 2014 11:04pm Jan 12, 2014 11:04pm
h4 closed above previous candle. go go go for this week...
  • #31,569
  • Jan 13, 2014 12:01am Jan 13, 2014 12:01am
Quoting LarryLU
{quote} I really want to say I did it already once. If you are thinking retrace, it should happened last friday night
Right, posted all the charts and the spread board AU -AG-PT PD

And all gold did was rise. There wasn't even a 50% correct from the daily high on friday/

Forecasted higher prices this week and out of the gate 1250 cracked.

bulls are coming back baby!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,570
  • Edited 2:10am Jan 13, 2014 1:04am | Edited 2:10am
To me gold looks pretty bearish this morning. The more it tries to rally, it fails even more on low volume and descends slightly to lower values. The overall patterns tell me that it could rally to 1255 today, but I am expecting it to fail and descend to around 1242 at some point today. It could go lower, but I cannot predict the future. That's my morning consensus.
You win, you lose. All else is history. The future does not exist.
  • #31,571
  • Jan 13, 2014 2:46am Jan 13, 2014 2:46am
...will close short when the stochs reverse below 20, irrespective whether target met or not - and go long when they climb back above 20 (see my earlier posts from this morning for context).
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  • #31,572
  • Jan 13, 2014 2:48am Jan 13, 2014 2:48am
Quoting msood
makes sense - though any genuine and smart buyer would wait for the price to retrace as it obviously shall given the 1250 even mark plus daily levels reached and overbought conditions and divergences etc etc, so the "push" to complete some vague cycles has to arise out of ability to 'fix' or be able to manipulate prices. so these folks who are sending all these ticks to our computer screens are the culprits, i.e. the major institutional banks have a monopoly on the price and can take it anywhere they like (within limits)? ...here is what i suspect,...

Yes, they can practically take the price anywhere they want . They sometimes do it when they need it but not always, because if they do there won't be any market left
  • #31,573
  • Jan 13, 2014 2:57am Jan 13, 2014 2:57am
Quoting okanemici
{quote} Yes, they can practically take the price anywhere they want . They sometimes do it when they need it but not always, because if they do there won't be any market left
yep. just play along and make pips despite their treacherous tactics, i suppose. knowing what they are capable of does help avoid pitfalls.
  • #31,574
  • Jan 13, 2014 5:33am Jan 13, 2014 5:33am
I'm out of the trade until 12h30. Range is dangerous and very much shark infested waters at the moment since gold bottomed out at LoD.
You win, you lose. All else is history. The future does not exist.
  • #31,575
  • Jan 13, 2014 5:34am Jan 13, 2014 5:34am
for gold target is 1275-80 i think so.. then back to the 1180 even more down ! ..
  • #31,576
  • Jan 13, 2014 5:44am Jan 13, 2014 5:44am
Quoting crisis
for gold target is 1275-80 i think so.. then back to the 1180 even more down ! ..
That's an interesting line of thinking there. For gold to attain 1280 today we need to see USD weaken by 813 pips to see gold rise another $32 odd. Not likely in all honesty. Obviously that assumes gold is only being rated by USD devaluation to drive the price which is not true. Just a thought.
You win, you lose. All else is history. The future does not exist.
  • #31,577
  • Jan 13, 2014 6:12am Jan 13, 2014 6:12am
Quoting The Rhodie
{quote} That's an interesting line of thinking there. For gold to attain 1280 today we need to see USD weaken by 813 pips to see gold rise another $32 odd. Not likely in all honesty. Obviously that assumes gold is only being rated by USD devaluation to drive the price which is not true. Just a thought.
there is a misunderstanding.. i'm not talking about for today.. my target is until thursday..
  • #31,578
  • Jan 13, 2014 6:25am Jan 13, 2014 6:25am
Quoting Ssm
Despite the rally, Gold could not breach 1245. IMO, only a break above 1248 will be bullish. PS: Not vested at the moment.
Wrote the above last week, although now 1248 is breached for a moment, yet H1 or H4 candle cannot close above this level.
My view remains, only a break and close (at least H1) above 1248 would be bullish.
The true fact is market doesn't care, risk mgt is important.
  • #31,579
  • Jan 13, 2014 6:32am Jan 13, 2014 6:32am
Quoting Ssm
{quote} Wrote the above last week, although now 1248 is breached for a moment, yet H1 or H4 candle cannot close above this level. My view remains, only a break and close (at least H1) above 1248 would be bullish.
I tend to agree with you. Today may just be a time waster. I called a $10 day before the market dropped to today's current low and there it has stayed. I also called a bottoming out around 1246 and it has. Bear in mind that I do not always make my calls public knowledge as I trade with others in realtime globally. There is a chance that it may break higher, but that is not looking like a strong contender in this boxing match. Today has been a dead loss for me. Not convinced that the market's breaking higher yet. Right now we should see a decision occur in the next 10 mins.
You win, you lose. All else is history. The future does not exist.
  • #31,580
  • Jan 13, 2014 8:23am Jan 13, 2014 8:23am
Quoting XTrade
{quote} Not sure what you mean buy "building" and "reversal" A reversal of the mid term trend would be UP in which case you DEFINITELY do not want to add shorts for more than a day. If you mean a reverse south, well, price hasn't even really corrected north yet so... Again, 1180 then 1187 double bottom so far. Supporting fundies. Be careful - either way you trade.
Its been going North for the past 10+ days, from reversal I meant it should start going South.
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