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

  • #31,581
  • Jan 13, 2014 8:46am Jan 13, 2014 8:46am
CCI bearish divergence with H&S:
I think it will go down @1237.5

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If you do not know who you are, the Forex is the worst place to find you
  • #31,582
  • Jan 13, 2014 9:52am Jan 13, 2014 9:52am
Quoting goldJunkie
{quote} Entered one small short @ 1250, SL 1280 I hope I can build these shorts if this is a reversal taking place.
Closed this short at 1247 for little profit.
  • #31,583
  • Jan 13, 2014 9:54am Jan 13, 2014 9:54am
Quoting goldJunkie
{quote} If I go by my PA analysis, most probably it will fly through the 1240-50 range. I see a momentum in Bulls, limited though. On the other hand, if I pay any heed to the feed of signals I'm receiving, this should remain below 1270-80 range, putting it all together I expect Gold to peak below 1270-80 ( give or take 10 ) The signals I receive are on weekly & daily basis, I'll share further after Monday plays out. {image}
It DID fly through 1240-50 range, did not sustain. The momentum appears to continue towards North for now at least.

Repeat: I expect Gold to peak below 1270-80 ( give or take 10 )
  • #31,584
  • Jan 13, 2014 10:04am Jan 13, 2014 10:04am
Quoting goldJunkie
{quote} It DID fly through 1240-50 range, did not sustain. The momentum appears to continue towards North for now at least. Repeat: I expect Gold to peak below 1270-80 ( give or take 10 )
That may even be a bit ambitious. Tomorrow we shall see.
You win, you lose. All else is history. The future does not exist.
  • #31,585
  • Jan 13, 2014 10:36am Jan 13, 2014 10:36am
Quoting okanemici
{quote} You are wrong, it was a push to break up the daily 50 and reach the target fibo ! If 1250 doesnt hold there may be a retrace to 1240-45 but that's it for now.Early to short this.
As stated before it turned from 1243, it looks like it will be in a 1245-1260 range for a few days .Still early to short.
  • #31,586
  • Jan 13, 2014 10:40am Jan 13, 2014 10:40am
Quoting Spec_And
{quote} And we did get the profit taking, could retrace all the way back to 1219/1220.
As expected, 1219/1220 area held and we are back on target to 1267.
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"Where you want to be is always in control, never wishing, always trading.
  • #31,587
  • Jan 13, 2014 12:01pm Jan 13, 2014 12:01pm
Looks like it wants to go higher and higher. Daily downtrend is broken for now. Don't know why I'm wasting my time/energy/money even considering shorting these levels. It's clearly going higher. Prob 1270 min, 1320 not out of question..
  • #31,588
  • Jan 13, 2014 12:34pm Jan 13, 2014 12:34pm
Today's been pretty light with an only about 5 to 7 USD swing.

Currently back above 1250 though. She should make a new high this week. IMO
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,589
  • Jan 13, 2014 1:01pm Jan 13, 2014 1:01pm
For me it is a target for gold, MACD above the zeroline can push praice to target
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The market was bullish, turned bearish, and you'are brokish!!!
  • #31,590
  • Jan 13, 2014 1:06pm Jan 13, 2014 1:06pm
Quoting FXThug
For me it is a target for gold, MACD above the zeroline can push praice to target {image}
old screenshoo with targets the lats one same about 1270...
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The market was bullish, turned bearish, and you'are brokish!!!
  • #31,591
  • Jan 13, 2014 1:46pm Jan 13, 2014 1:46pm
Hello, I'm new, is this chart a good idea ?
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  • #31,592
  • Jan 13, 2014 4:02pm Jan 13, 2014 4:02pm
Quoting ovii
Hello, I'm new, is this chart a good idea ? {image}
You would need confirmation on a close below the big blue up bar 3rd bar from right.

Otherwise whatever time frame this is that you are looking at is too small for a newbie to trade.

Reduce your leverage to 50:1 and reduce your trade size, then learn the daily and H4 then step up to the weekly.

Otherwise likely within about a month you might lose all your money trading gold.

Not being harsh, but this might seem easy at first, yet IMO is harder to trade than FX.

Start reading news and relating it to why gold moved the way it did after release,
my advice.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,593
  • Jan 13, 2014 4:04pm Jan 13, 2014 4:04pm
Quoting ovii
Hello, I'm new, is this chart a good idea ? {image}
Then again, on second look you are talking about a 10 USD range, so yeah. It could easily happen.

Yet, you still need to know how to trade tight ranges.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,594
  • Jan 13, 2014 4:05pm Jan 13, 2014 4:05pm
Quoting XTrade
Today's been pretty light with an only about 5 to 7 USD swing. Currently back above 1250 though. She should make a new high this week. IMO
tomorrow a big day for silver its make or break day, lets see what it holds for us. I will probably add to my gold position if it breaks up
  • #31,595
  • Jan 13, 2014 4:44pm Jan 13, 2014 4:44pm
Timing is good for gold only for this week historicaly. But for silver timing is good til february
  • #31,596
  • Jan 13, 2014 4:45pm Jan 13, 2014 4:45pm
Quoting msood
...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).
closed short at 1244.50 (+$5.50) and went long at 1246.00 closed at 1254.00 ($8) - waiting for cross over and dip below 80 level to go short now (ref image below).
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  • #31,597
  • Jan 13, 2014 5:02pm Jan 13, 2014 5:02pm
Quoting ovii
Hello, I'm new, is this chart a good idea ? {image}
Just an FYI if you are posting charts always include the prices on the right side and the TIME FRAME. please.

Otherwise we cannot help you best with TA.

Thanks,
XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,598
  • Jan 13, 2014 5:07pm Jan 13, 2014 5:07pm
Quoting msood
{quote} closed short at 1244.50 (+$5.50) and went long at 1246.00 closed at 1254.00 ($8) - waiting for cross over and dip below 80 level to go short now (ref image below). {image}

Nice scalping, or another trading style would have been to buy anything below 1190, hold, add at support, close part, add again, so on and so forth =
following the mini trend we have here.

This saves a lot of headache- loss - and screen watching.

I keep telling you GUYS and GIRLS READ NEWS. No one usually listens.

Techs are fine, but the news moves gold it is not the reverse. Trust me...

Going on to my 7th year of daily gold analysis - buying and selling - physical and paper. whatever suits me best at the time.
FEAR - IN MARKETS IS A MAJOR FACTOR and Techs DO NOT tell about fear.

Sh!t, you could read about 100 headlines of global financial news in about ten minutes to start your day.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,599
  • Jan 13, 2014 5:19pm Jan 13, 2014 5:19pm
Quoting XTrade
{quote} Nice scalping, or another trading style would have been to buy anything below 1190, hold, add at support, close part, add again, so on and so forth = following the mini trend we have here. This saves a lot of headache- loss - and screen watching. I keep telling you GUYS and GIRLS READ NEWS. No one usually listens. Techs are fine, but the news moves gold it is not the reverse. Trust me... Going on to my 7th year of daily gold analysis - buying and selling - physical and paper. whatever suits me best at the time. FEAR - IN MARKETS...
thx - yes i see how that wud be a nice play out - may be i will start doing that sometime with a very small lot to try out - just not comfortable holding trending positions while price retraces. thx fr the advc.
  • #31,600
  • Jan 13, 2014 5:21pm Jan 13, 2014 5:21pm
Quoting XTrade
{quote} Just an FYI if you are posting charts always include the prices on the right side and the TIME FRAME. please. Otherwise we cannot help you best with TA. Thanks, XT-
corrected image below:
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