Silver going down to 19.06 atleast
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XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #33,882
- Sep 9, 2014 12:07am Sep 9, 2014 12:07am
Gold nearing a very critical support near $1250-45. Could see a potential bounce-back towards $1275.
However, a break below the support would open room for accelerated downfall towards $1200 mark.
Started accumulating at current levels, initially for a bounce back and ultimately for a near-term trend reversal.
However, a break below the support would open room for accelerated downfall towards $1200 mark.
Started accumulating at current levels, initially for a bounce back and ultimately for a near-term trend reversal.
- #33,883
- Sep 19, 2014 5:21am Sep 19, 2014 5:21am
- | Joined Apr 2007 | Status: Trader | 1,553 Posts
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- #33,884
- Sep 19, 2014 6:52am Sep 19, 2014 6:52am
- Joined Jul 2013 | Status: Trader | 1,738 Posts | Online Now
- #33,891
- Oct 1, 2014 8:25am Oct 1, 2014 8:25am
- Joined Jul 2013 | Status: Trader | 1,738 Posts | Online Now
- #33,893
- Edited 12:44pm Oct 6, 2014 12:04pm | Edited 12:44pm
- Joined Jul 2011 | Status: good | 4,295 Posts
XTrade and Friends,
It's been a while since I've posted here - my favorite hangout before I got charmed by the crypto-genie
Two charts, probably nothing new to many of you, but I just thought I'd share anyhow:
Today's action closed this leg of decline (RSI at it's lower Bollinger Band) and look at MACD! Momentum diverged to steel-bending full-tilt prohibits further decline and forces a move up.
Noticing the above today, I decided to look at the bigger picture. If the wave count is correct and if the previous degree (Primary) wave 4 is indeed what is being fractally repeated here in Cycle degree, then there's a spectacular rally on the horizon. I haven't spent time thinking about which confirmation signals will match the wave count, but will post in the coming months if the wave count prints.
It's been a while since I've posted here - my favorite hangout before I got charmed by the crypto-genie
Two charts, probably nothing new to many of you, but I just thought I'd share anyhow:
Today's action closed this leg of decline (RSI at it's lower Bollinger Band) and look at MACD! Momentum diverged to steel-bending full-tilt prohibits further decline and forces a move up.
Noticing the above today, I decided to look at the bigger picture. If the wave count is correct and if the previous degree (Primary) wave 4 is indeed what is being fractally repeated here in Cycle degree, then there's a spectacular rally on the horizon. I haven't spent time thinking about which confirmation signals will match the wave count, but will post in the coming months if the wave count prints.
cryptocurrency everytime
XTrade and Friends, It's been a while since I've posted here - my favorite hangout before I got charmed by the crypto-genie
Based on your EW perspective, I have been long from 1290 and made nice green pips so far.
Please make a visit here from time to time.
Thanks again.
- #33,895
- Oct 13, 2014 3:54pm Oct 13, 2014 3:54pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #33,896
- Oct 13, 2014 4:03pm Oct 13, 2014 4:03pm
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Hi ALL! Been away from posting for a while! HOW's it going??? Anyone still here from when I was last posting? A while back (last year) I had outlined a few scenarios (maybe 2 or 3) of what I thought the possible directions for GOLD would be in the upcoming months to year. (will try and find the post/s one day) In any case I clearly remember one option was a range between 1200 and 1400 for a mid to long term stay. And - it looks like that is exactly where we are. Below is the past year from Oct. 2013 to Oct. 2014 - we can also see there is an inner...
Good to see you back mate
Had some decent trend moves with USD strength and some nasty whipsaws with retracements, following gold regularly and looking for a wave 5 down then big up. Will post up some charts soon.
Anything can happen.
- #33,899
- Oct 14, 2014 2:03am Oct 14, 2014 2:03am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Hi Xtrade,
glad to have you back.we missed you and your plain analysis.
glad to have you back.we missed you and your plain analysis.
Per aspera ad astra
- #33,900
- Oct 14, 2014 2:42am Oct 14, 2014 2:42am
Hi ALL! Been away from posting for a while! HOW's it going??? Anyone still here from when I was last posting? A while back (last year) I had outlined a few scenarios (maybe 2 or 3) of what I thought the possible directions for GOLD would be in the upcoming months to year. (will try and find the post/s one day) In any case I clearly remember one option was a range between 1200 and 1400 for a mid to long term stay. And - it looks like that is exactly where we are. Below is the past year from Oct. 2013 to Oct. 2014 - we can also see there is an inner...
Finally, this thread will live once again !
KADC kept it alive as well, kudos to him.
-dric