XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1759 | Metals Mine

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

  • #35,161
  • Mar 8, 2016 10:56am Mar 8, 2016 10:56am
Thats what Im doing, trading on demo account before moving on.. im glad i did the demo first cause it is so unprdictable. Any tips on how to read the gold trend using technical analysis?
  • #35,162
  • Mar 8, 2016 11:26am Mar 8, 2016 11:26am
just watch this pair more and more . apply technical analsysis if you know any or read some from babypips.com and start applying.
with time you will get to know the pair more and more and learn to trade. there is nothing like gold
Quoting Veron
Thats what Im doing, trading on demo account before moving on.. im glad i did the demo first cause it is so unprdictable. Any tips on how to read the gold trend using technical analysis?
  • #35,163
  • Mar 8, 2016 11:32am Mar 8, 2016 11:32am
i would advise you guys to come out of long positions if you are in it. if you still beleive its bullish then stay in but may be you have a better entry point.

by the way i am not bullish on this pair anymore and its like i am being against 99% analysts views who are bullish
  • #35,164
  • Mar 8, 2016 11:46am Mar 8, 2016 11:46am
if by midnight uk time it manages to trade below 1263 then bullish trend is over for the time. so current level are very important for bulls if they want to continue the bull run. to me they look exhausted and should loose ground but still a confirmation is needed
  • #35,165
  • Mar 8, 2016 12:36pm Mar 8, 2016 12:36pm
Quoting gold-analyst
if by midnight uk time it manages to trade below 1263 then bullish trend is over for the time. so current level are very important for bulls if they want to continue the bull run. to me they look exhausted and should loose ground but still a confirmation is needed

I'm with you...
  • #35,166
  • Mar 8, 2016 12:36pm Mar 8, 2016 12:36pm
Quoting gold-analyst
if by midnight uk time it manages to trade below 1263 then bullish trend is over for the time...
why 1263?
  • #35,167
  • Mar 8, 2016 1:03pm Mar 8, 2016 1:03pm
Quoting Pip-Miner
let it retrace and I will apply. My famous "pyramid addin methodology " on it
at retrace?
"pyramid addin methodology " ???
  • #35,168
  • Mar 8, 2016 1:25pm Mar 8, 2016 1:25pm
Quoting kik
{quote} at retrace? "pyramid addin methodology " ???
Using added equity from positive open trades to add another position, eventually creating much bigger profits. Or faster losses if it turns.
  • #35,169
  • Mar 8, 2016 1:37pm Mar 8, 2016 1:37pm
A 8-yrs old can read the reversal is coming in daily chart. The problem is that people fall in love with their trade and do not accept any other opinions. Do not attach yourself to a pair or direction Expect consolidation/moving lower from 127x and 1280 to form a medium term top.
  • #35,170
  • Mar 8, 2016 2:55pm Mar 8, 2016 2:55pm
I am staying bullish on gold, could be wrong but I always regret it when I let posts on forum change my mind! Holding my longs
  • #35,171
  • Mar 8, 2016 3:46pm Mar 8, 2016 3:46pm
Been a while since my last post here.. I'm quietly waiting on the sidelines for this pair to decide which way it's going. I'm still bull for the long term but I am too seeing consolidation before that. I could be wrong but I won't do nothing before something really happens lol
  • #35,172
  • Mar 9, 2016 12:55am Mar 9, 2016 12:55am
yesterday was resistance testing which has failed so today we will test support at 1245-50 level lets see if it holds or breaks and go for the next support level
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,173
  • Mar 9, 2016 12:58am Mar 9, 2016 12:58am
Quoting midouch
A 8-yrs old can read the reversal is coming in daily chart. The problem is that people fall in love with their trade and do not accept any other opinions. Do not attach yourself to a pair or direction Expect consolidation/moving lower from 127x and 1280 to form a medium term top.
no pun intended mate but is that the same top you called on the aussie on 4th of march
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,174
  • Mar 9, 2016 1:35am Mar 9, 2016 1:35am
Quoting Revorocks
I am staying bullish on gold, could be wrong but I always regret it when I let posts on forum change my mind! Holding my longs
what's your target on the long side? You could be good, but 1300-10 really strong resistance, if bulls manage to push through 1280 resistance will get them.
  • #35,175
  • Mar 9, 2016 3:13am Mar 9, 2016 3:13am
Today I take the chance to sell in the 1258/60 area (fib of the day) and hope for 1250 or even 1240.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #35,176
  • Mar 9, 2016 3:39am Mar 9, 2016 3:39am
i hope you got the answer. i should have said it will go down to 1252 for bounce.
Quoting kik
{quote} why 1263?
  • #35,177
  • Mar 9, 2016 3:40am Mar 9, 2016 3:40am
it is going to fall now. 1242 is good target. but good level for you guys to short if you want to
  • #35,178
  • Mar 9, 2016 3:45am Mar 9, 2016 3:45am
this is what i said long before it reached there and also said i will close my longs at 1278 and entr shorts at 1278-82 region
Quoting gold-analyst
nothing is 100% right here but my analysis says this bullish rally should be coming to end 1280-88 region.
  • #35,179
  • Mar 9, 2016 3:52am Mar 9, 2016 3:52am
Markets can always make unpredicted moves and no matter how expert you are, there is still a probablity to go wrong.

staying positive and keeping faith in my analysis, i am quiet confident that it is going down , i would suggest a good trade would be with stop loss 1263 and profit level below 1250. 1242 is good though
  • #35,180
  • Mar 9, 2016 4:00am Mar 9, 2016 4:00am
​Pip-miner what you gna do with all that gold bro?
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