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

  • #32,141
  • Jan 26, 2014 9:19am Jan 26, 2014 9:19am
Dears, I have just look in to D1. I think if the price tomorow will jump to 1280 , if it stop above 1278, then we got a chance to see 1323 very soon.
  • #32,142
  • Jan 26, 2014 9:23am Jan 26, 2014 9:23am
After last week bullish move, I would expect some sort of retracement perhaps to 1245-1250. If 1250 is supported, and if break above week high at 1272, we will then see higher move to the next resistance at 1280 and perhaps to 1300 round number.
The true fact is market doesn't care, risk mgt is important.
  • #32,143
  • Jan 26, 2014 9:25am Jan 26, 2014 9:25am
Quoting datdle
Dears, I have just look in to D1. I think if the price tomorow will jump to 1280 , if it stop above 1278, then we got a chance to see 1323 very soon.
any ideas on a stoploss level? what price did you enter?
  • #32,144
  • Jan 26, 2014 12:03pm Jan 26, 2014 12:03pm
What pushed gold up were 3 countries : Ukraine, Turkey and Argentina. I'm sure in Ukraine events are getting almost ugly now, so gold will react. There are again americans trying to push their geopolitical interest, while Romania, Poland and Russia trying to divide this country. So good perspectives. My target would be on daily 1300, thats head and shoulders inversed.
  • #32,145
  • Jan 26, 2014 12:41pm Jan 26, 2014 12:41pm
Quoting vaidas7777
What pushed gold up were 3 countries : Ukraine, Turkey and Argentina. I'm sure in Ukraine events are getting almost ugly now, so gold will react. There are again americans trying to push their geopolitical interest, while Romania, Poland and Russia trying to divide this country. So good perspectives. My target would be on daily 1300, thats head and shoulders inversed.
Itīs not all about the countries that pushed gold higher. Looking at the chart technically it should go up higher. Hedge funds dont want to short at this level looking at long term. Itīs rather to buy Gold at this level and keep it for a while

I think Gold will go up to about 1320 this upcoming week. Very hard to see that people want to keep their shorts. Which will men Breaking up and lots of Stop losses will hit and the price goes up even higher.

My TP will be at 1320. SL is far down at 1170. TP should have good chanse to hit.
Twitter: FutureRates
  • #32,146
  • Jan 26, 2014 1:10pm Jan 26, 2014 1:10pm
On cnbc I heard gold should go to 500 ...
  • #32,147
  • Jan 26, 2014 1:12pm Jan 26, 2014 1:12pm
Quoting vaidas7777
On cnbc I heard gold should go to 500 ...

maybe within years. Not next week.
Twitter: FutureRates
  • #32,148
  • Jan 26, 2014 2:48pm Jan 26, 2014 2:48pm
Quoting XTrade
Advice, Anytime Gold Comes to a half point of that Hundred should be "wait and see time" depending on the Price action. Here, the PA was supporting a break, it tested it two or three times over a few days then on the last test it crushed it, resulting in a weekly high of basically 1270. Point is - unless you need to take profit, or it is suggesting it will reverse, always better to wait it out and see if the 50 can indeed be flipped in your direction for further setups and a nice trade. Looking at the past with Gold and Silver can be helpful, especially...

I see your point annd thanks for the explanation.I had that ma at 1245 that worked as resistance many times for me and was having faith in it.It worked many times and simply this time it didn't. I should have had my coffee before taking that trade
  • #32,149
  • Jan 26, 2014 2:54pm Jan 26, 2014 2:54pm
Quoting vaidas7777
On cnbc I heard gold should go to 500 ...
it would take a lot of paper to get to 500
  • #32,150
  • Jan 26, 2014 4:06pm Jan 26, 2014 4:06pm
Quoting okanemici
{quote} I see your point annd thanks for the explanation.I had that ma at 1245 that worked as resistance many times for me and was having faith in it.It worked many times and simply this time it didn't. I should have had my coffee before taking that trade

What was it the 21? I actually like using the simple 21 on the Daily actually it can show nice trend confirmation for days or weeks once the PA accepts it.
The flip from long to short or vice versa is where people should either stay out or be extra aggressive I am making a demo for the thread and shopping around a few brokers. I think the forum only accepts MT4 accounts which I don't have one live - or at least live that I trade.

Oh, sorry went off base. In any case I think I have a nice chart up right now on the 21 let me just see and I will post it.

I was more talking to you/all in reference to comparing or expecting the Price action of prior to accurately forecast/predict upcoming price movement.

Gonna take a look!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,151
  • Jan 26, 2014 4:08pm Jan 26, 2014 4:08pm
Quoting vaidas7777
On cnbc I heard gold should go to 500 ...

Which "talking head" said this? Surely no one on staff- what was itsome kind of "senior strategic analyst" from UBS or any of those biggies?\\ Not happening anytime soon. I can tell you that. Not to mention it would just bring the mining industry to a halt, with strong Global Physical demand, a price of 500 - would kill the supply making the demand not even met, in turn creating shortages and ultimately driving the price higher 5 to 7 fold. eventually around 3k,

If it did go that low and mining was not totally crippled anyone / bank / large cap spec / govmt would be lining upto take delivery off the COMEX, in turn squeezing out all the shorts and creating yet another "Golden catastrophe" because it would blow the top off the whole manipulation idea, crumbling the COMEX would likely try to settle the contract in USD which everyone does not want.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,152
  • Jan 26, 2014 4:17pm Jan 26, 2014 4:17pm
Pushed up gold higher when? Not sure what you are talking about, but the recent bounce up off the double bottom is due to way more than the countries you have listed below. I have an idea, but I'm not entirely sure what you are referring to them for.

Quoting vaidas7777
What pushed gold up were 3 countries : Ukraine, Turkey and Argentina. I'm sure in Ukraine events are getting almost ugly now, so gold will react. There are again americans trying to push their geopolitical interest, while Romania, Poland and Russia trying to divide this country. So good perspectives. My target would be on daily 1300, thats head and shoulders inversed.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,153
  • Jan 26, 2014 4:44pm Jan 26, 2014 4:44pm
Quoting datdle;7238308[b
]Dears, I have just look in to D1[/b]. I think if the price tomorow will jump to 1280 , if it stop above 1278, then we got a chance to see 1323 very soon.
Yes, we are shooting now for a test of 1275/80 respectively, then likely a stall at 1295 and then if it keeps up a dip to 1285/90 even then burst to 1310 and stall.

MORE importantly though I have noticed this a lately, from a few different people who I am assuming are males. (not a ton of Girls into FX)

ANyway the saying is bolded up top, one person calls the other on a "dear" or in this case to all of us - we are the "dears''

so in English - this is totally different than say using the British "Hey Mates!" Or the American "Hey Buddies or Fellas" it is often used when a woman greets her

Husband- say they meet for lunch - Woman: "Hello Dear how are you? Man: Fine "Dear" and yours? - Or he might say - "Hi Honey" - so it is sort of personal or it can be used formally

Like this: In a letter one might write the following Greeting:

Dear Sir or Madam,
In reference to your crappy Forex spreads, the lag time on placing orders is abysmal. Therefore, ................................


-------> So0000 ---- MY QUESTION and observation/assumption is as such:
1. English is a second language in most instances (cases) where I see this, by the way great English! Except maybe for the "dear" LOL -- Is this true?
2. The writer intends to say something like Gentelmen or another sort of formal and respectful greeting word? Yet maybe has seen or read it in another context and thought this would be a good use???? Here I really don't know.

ANYONE please feel free to EXPLAIN!!! What is the intent here? Thanks!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,154
  • Jan 26, 2014 4:46pm Jan 26, 2014 4:46pm
Quoting FutureRates
{quote} Itīs not all about the countries that pushed gold higher. Looking at the chart technically it should go up higher. Hedge funds dont want to short at this level looking at long term. Itīs rather to buy Gold at this level and keep it for a while I think Gold will go up to about 1320 this upcoming week. Very hard to see that people want to keep their shorts. Which will men Breaking up and lots of Stop losses will hit and the price goes up even higher. My TP will be at 1320. SL is far down at 1170. TP should have good chanse to hit.
I am not too sure 1320 by this week is possible. Taking into account that the Chinese are getting ready for their Golden Week holiday.
The true fact is market doesn't care, risk mgt is important.
  • #32,155
  • Jan 26, 2014 4:53pm Jan 26, 2014 4:53pm
Hi and Welcome aboard,

A five USD stop above your last entry at 1280 is not much breathing room, if you are willing to be already in a 10 neg USD move trade from 1270 to 1280 your stop should at least be 10. Since you have provided the numbers, it should be above 1310.

You might catch some minor retracement maybe like two neg 10 USD days or one 20 USD neg day before it turns around and wipes out all your stops taking 1310 easily with it, SHOULD the CURRENT mini trend continue. Which is looking likely right now.

You forgot to mention a your TAKE PROFITS, which are very important in this trade. Especially to see a valid SL,

I don't see why if you think the market is going to fall, why not just wait until 1280 and see if it goes further? Trading long in a market that is trending currently up is completely different, if at first you don't catch the best and it goes against you it's not as much worry. Yet shorting when you don't know if the market will turn or not is just adding a loss before you even get into the trade. I would wait for some reversal signals or strong resistance , then just load the whole trade on confirmation of trend change.

Also what TL is resistance at 1270? The channel ? a random line? you have lost me on this.


Why not just take all this stuff and wrap it up into a chart. Not many people have the patience to read levels, open up thier own chart and try to figure out if what they think is what YOU ARE THINKING... It might happen once

Quoting Rodortigao
Hi! I just signed up, and this is my first post. I trade xau/usd, and right now, i'm building a short position bearing in mind that there is trendline resistance at 1270ish, a 32.8 fib from the august top to the december bottom, and the 150 dma just below 1280. I'm short from 1270, will short more at 1275 and 1280, with initial stops at 1285. I think this is a great opportunity with a good risk ratio. I'll iniciate a long position only after a consistent break of these levels.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,156
  • Edited 5:44pm Jan 26, 2014 5:29pm | Edited 5:44pm
Quoting XTrade
Hi and Welcome aboard, A five USD stop above your last entry at 1280 is not much breathing room, if you are willing to be already in a 10 neg USD move trade from 1270 to 1280 your stop should at least be 10. Since you have provided the numbers, it should be above 1310. .... {quote}
Agree, stop should be above 1310
I have Major Resistant around 1292.20 and Minor Resistant around 1274.14
If price could stay above Minor Resistant 1274.14, I think it's easily for gold fly to 1300 area.

But if price could not stay above 1274.14, so i think price will be play between Minor resistant 1274.14 and Minor Support 1260.62 before decided fly to Major resistant 1292.20 or down to Major Support 1239.68.

DRT


http://i42.tinypic.com/dop1jr.png
  • #32,157
  • Jan 26, 2014 6:34pm Jan 26, 2014 6:34pm
AGREED - DRT,

My levels are the same- Just rounding the the nearest 5 to save time~!

Quoting Drentaga
{quote} Agree, stop should be above 1310 I have Major Resistant around 1292.20 and Minor Resistant around 1274.14 If price could stay above Minor Resistant 1274.14, I think it's easily for gold fly to 1300 area. But if price could not stay above 1274.14, so i think price will be play between Minor resistant 1274.14 and Minor Support 1260.62 before decided fly to Major resistant 1292.20 or down to Major Support 1239.68. DRT {image}
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,158
  • Jan 26, 2014 6:50pm Jan 26, 2014 6:50pm
Quoting XTrade
{quote} Actually NO 0 His exact words were "50% fibo of 3 wave i think" See above. Furthermore, 1353 to 1190 is not a valid fibo pull on the daily. Or rather just not important. Not big enough of a swing. Try 1920 to 1190 you want high to low and targets in between - or 1750 and / or 1550 to 1190 range tops of northern price before downswings to low 1190
Thanks for your valuable advice, i am still learning here. do you mean 1590 to 1190? What i see 1550 is support turn to resistant, not the top price.
  • #32,159
  • Jan 26, 2014 7:05pm Jan 26, 2014 7:05pm
Just ONE of Many ways PHYSICAL DEMAND shows itself ~ And DAMN' that is a beautiful Brit! They keep making coins like that and there will be a WHOLE new fan/investor/buyer base.

It is a good read.



Gold And Silver Coin Market To See Continued Growth Says Market Expert
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,160
  • Jan 26, 2014 7:09pm Jan 26, 2014 7:09pm
Quoting XTrade
Hi and Welcome aboard, .....Also what TL is resistance at 1270? The channel ? a random line? you have lost me on this. Why not just take all this stuff and wrap it up into a chart. Not many people have the patience to read levels, open up thier own chart and try to figure out if what they think is what YOU ARE THINKING... It might happen once {quote}
There is a line on the weekly using finfx's platform that goes from the high of 1433.57 on August 25, 2013 through a high of 1361.71 on October 27, 2013 that ends up in the area we are in now but it has been punctured.
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