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

  • #31,821
  • Jan 20, 2014 2:01am Jan 20, 2014 2:01am
Quoting The Rhodie
{quote} I tend to agree with your thinking but not the prices.
Do you think it can pass 1290 before a retrace?
  • #31,822
  • Jan 20, 2014 2:07am Jan 20, 2014 2:07am
Quoting Uglybug
{quote} Do you think it can pass 1290 before a retrace?

Let's see if it goes through 1266/7
first.
You win, you lose. All else is history. The future does not exist.
  • #31,823
  • Jan 20, 2014 2:51am Jan 20, 2014 2:51am
xauusd - here's my view for what it is worth (no TA or FA, just CA (commonsense analysis )

...assuming market makers are accumulating buys, they would want to buy low as possible: so retest of 1249 and 1248 at least, maybe even lower if they can trigger some stops

on the flip side, if we assume they are accumulating sells, then that would explain the long H1 candle this morning start of session, so they have already, i think accumulated all the sells they can get under the current gold-usd equation.

in either case, it would make more sense for prices to go further down, 1249-1248 or lower, before any further upside
  • #31,824
  • Edited 3:11am Jan 20, 2014 3:00am | Edited 3:11am
technically, i will be waiting for the stochs to cross over upwards and both lines to close above 20 before taking a long (image below)
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  • #31,825
  • Jan 20, 2014 4:24am Jan 20, 2014 4:24am
If most of America is closed for business today, as I am advised, then gold may well be rangebound today.
You win, you lose. All else is history. The future does not exist.
  • #31,826
  • Jan 20, 2014 5:21am Jan 20, 2014 5:21am
Without Big Boy we get stuck in bloody Boring session.... Cant trade in this time.
  • #31,827
  • Jan 20, 2014 5:31am Jan 20, 2014 5:31am
1292 after start down 1100
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Ro IMRAN Ro
  • #31,828
  • Jan 20, 2014 11:01am Jan 20, 2014 11:01am
ok forget the tl ,weekly is questionable for taking pivot imo ,see how daily closes



Quoting XTrade
{quote} Why is the line conveniently drawn AFTER the Range of 1550 to 1800 and excluding the HIGH of 1920 or even 1900? I guess that's all just "water under the bridge right?" Well. no worries here mate! Any one using TA on a weekly knows even with NO DIRECTION that DTL WILL NOT LAST it is too steep and at this point been INVALIDATED by 3 OTHER BROKEN = ranged out and Break out DTLS on the daily. But - for some reason, bears cannot except the fact of switching sides or actually taking a "long" Look at a 10 year - it might help. G/L XT-
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #31,829
  • Jan 20, 2014 11:12am Jan 20, 2014 11:12am
Quoting Uglybug
{quote} Do you think it can pass 1290 before a retrace?

No point trying to fix something that ain't broken, in other words, no point waiting for a retrace if its not gona happen, play the PA as it happens. If you get stopped out, that is part of the business.
insideBars==boss
  • #31,830
  • Jan 20, 2014 12:14pm Jan 20, 2014 12:14pm
Notice that Gold and Oil charts are quite similar.
If it is true, the Gold will head south.
Face both Win and Lose bravely
  • #31,831
  • Jan 20, 2014 1:27pm Jan 20, 2014 1:27pm
Quoting Cowboy11
Notice that Gold and Oil charts are quite similar. If it is true, the Gold will head south.

What joins gold and Oil at the hip that they walk a three-legged race together? I suspect "nothing" to be the correct answer.

My analysis says that gold will attempt an attack higher, but the longer term view for the next couple weeks says it's more likely to fall over into the new range from upper 1100 to upper 1200's. A $100 range for the time being until the markets find another way to extricate themselves from the mess the long overdue change in global powers is effected. Just a thought.
You win, you lose. All else is history. The future does not exist.
  • #31,832
  • Jan 20, 2014 1:30pm Jan 20, 2014 1:30pm
Quote of trhe week: "I would love to see you leak some of your money into my account... just to prove that you are wrong about the direction. What's a couple bucks between friends?" --experience vs hope.
You win, you lose. All else is history. The future does not exist.
  • #31,833
  • Jan 20, 2014 2:31pm Jan 20, 2014 2:31pm
Quoting The Rhodie
Quote of trhe week: "I would love to see you leak some of your money into my account... just to prove that you are wrong about the direction. What's a couple bucks between friends?" --experience vs hope.

You should never "hope" on a trade. But I am not saying no to free money haha
insideBars==boss
  • #31,834
  • Jan 20, 2014 3:02pm Jan 20, 2014 3:02pm
Quoting adamjn
{quote} You should never "hope" on a trade. But I am not saying no to free money haha

Money grows on trees? Nah, it hemorrhages from the markets via silly traders who have more money than sense... my account is here to catch those scraps!
You win, you lose. All else is history. The future does not exist.
  • #31,835
  • Jan 20, 2014 5:37pm Jan 20, 2014 5:37pm
I'm short gold 1255 targeting around 1240-1245 ! Maybe long there who knows
  • #31,836
  • Jan 20, 2014 7:51pm Jan 20, 2014 7:51pm
Quoting The Rhodie
{quote} Money grows on trees? Nah, it hemorrhages from the markets via silly traders who have more money than sense... my account is here to catch those scraps!
If there was a like button, I would press it
insideBars==boss
  • #31,837
  • Jan 20, 2014 9:26pm Jan 20, 2014 9:26pm
Quoting goldJunkie
{quote} {quote} I had entered 2 SHORTS at 1251 weird unpredictable & volatile right now. Is it going towards my SL? or headed below 1225?
Closed these two shorts @ 1252, I think this could be going up.
  • #31,838
  • Jan 20, 2014 9:36pm Jan 20, 2014 9:36pm
Quoting goldJunkie
{quote} Closed these two shorts @ 1252, I think this could be going up.
1249 = 200 SMA

good 1st bull support at 1241
Gold Annihilation System
  • #31,839
  • Jan 20, 2014 9:38pm Jan 20, 2014 9:38pm
Quoting Hunterrus
{quote} 1249 = 200 SMA good 1st bull support at 1241
A newbie here, what does 200 SMA mean?
  • #31,840
  • Jan 20, 2014 9:51pm Jan 20, 2014 9:51pm
Quoting okanemici
I'm short gold 1255 targeting around 1240-1245 ! Maybe long there who knows
right choice
Gold Annihilation System
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