XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1763 | Metals Mine

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

  • #35,241
  • Mar 9, 2016 11:21am Mar 9, 2016 11:21am
it bounced straight from the demand zone, posted on D1 chart previously. The H4 candle close is bullish. Bulls are not done yet. Price didn't meet strong enough resistance yet. Could be 1300+ where gold falters finally.
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  • #35,242
  • Mar 9, 2016 11:21am Mar 9, 2016 11:21am
​Do you see the megaphone that looks as if it's about to take it's downturn. 5/15 min
  • #35,243
  • Mar 9, 2016 11:25am Mar 9, 2016 11:25am
i am still short, but i am not seeing anything happening for which i can be 100% sure
  • #35,244
  • Mar 9, 2016 11:25am Mar 9, 2016 11:25am
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  • #35,245
  • Mar 9, 2016 11:26am Mar 9, 2016 11:26am
it even missed my profit level at 1242, which is really very unfortunate however i close some of the position manuallt at 1245
  • #35,246
  • Mar 9, 2016 11:27am Mar 9, 2016 11:27am
Quoting wibie g
I happen to trade using diagonal trendlines, at higher and lower tfs.. Someone asked about why it rebounded couple hours ago? If you're a believer of the method like me, you'd understand why. See the pic to see what I mean. {image}
Exactly the bounce I was looking for as well. I just thought it hadn't actually gotten there based on lower TF and as my trendline is drawn, but with how far long it's gone since...I guess I missed it.
  • #35,247
  • Mar 9, 2016 11:29am Mar 9, 2016 11:29am
lets see if this comes back to 1242 as long as it doesnt hit my stop loss at 1259-60
  • #35,248
  • Mar 9, 2016 11:33am Mar 9, 2016 11:33am
I see it testing this trendline from 2-26 low to 3-2 low, which also falls in 1255-1260 area. Expecting a break long.
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  • #35,249
  • Mar 9, 2016 11:45am Mar 9, 2016 11:45am
as per my analysis, if this pair had to come down then it will come down to 1250 sort of level very quickly else i will let it hit my stop loss. so bears must get in work in order to gain ground
  • #35,250
  • Edited 12:15pm Mar 9, 2016 11:53am | Edited 12:15pm
Because we're still in a Downtrend from Weekly POV for half a decade now.. In any Uptrend at D1 or lower, we should expect BUMPY ROAD UP AHEAD.. So far, it's easier for my mental to take the Sell trade than the Buy one.. Yes, you'll get lucky with clean uptrend like what happened last month.. But that is it: lucky. You won't get so many of that in the next half decade to come.. So if you're new to this and want that ease of mind in trading the pair, you'd know which bet you ought to pick..
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  • #35,251
  • Mar 9, 2016 11:59am Mar 9, 2016 11:59am
i agree with you wibie_g

Quoting gold-analyst
as per my analysis, if this pair had to come down then it will come down to 1250 sort of level very quickly else i will let it hit my stop loss. so bears must get in work in order to gain ground
  • #35,252
  • Mar 9, 2016 12:19pm Mar 9, 2016 12:19pm
Who in their right mind (that is posting here minute by minute) is concerned about the next half decade???????????

BTW have I mentioned I've been a bear for just about ..... ever
  • #35,253
  • Mar 9, 2016 12:22pm Mar 9, 2016 12:22pm
this was posted here few days ago just wanted to post it again for People who haven't got a chance to have seen it to see it and decide for them selfs

http://www.visualcapitalist.com/inve...rd-pace-chart/

This bull seems the real deal to me but people can make there own minds
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,254
  • Mar 9, 2016 12:29pm Mar 9, 2016 12:29pm
here is more if you have time to read

http://www.gold.org/download/file/4815/GDT_Q4_2015.pdf
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,255
  • Mar 9, 2016 12:31pm Mar 9, 2016 12:31pm
Gold fingering the Wkly 200, but will she come ? (on down ) ?
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  • #35,256
  • Mar 9, 2016 12:38pm Mar 9, 2016 12:38pm
looks like stuck in range 1250-70 for a few days then should get more gas and run for 1300.
  • #35,257
  • Mar 9, 2016 1:06pm Mar 9, 2016 1:06pm
Quoting wibie g
I happen to trade using  diagonal trendlines, at higher and lower tfs.. Someone asked about why it rebounded couple hours ago? If you're a believer of the method like me, you'd understand why. See the pic to see what I mean. {image}
don´t take this personal please, you can draw trendlines all over - some fit some not.
same as moving averages - i´m sure in a particular TF there is a moving average x that fits perfect to the bounce.
and not enough - i´m also sure that there is a fibolevel in that area that fits perfect.

there are so many possible reasons why price bounced there.
just do it
  • #35,258
  • Mar 9, 2016 1:37pm Mar 9, 2016 1:37pm
Quoting thodie
{quote} dont take this personal please, you can draw trendlines all over - some fit some not. same as moving averages - im sure in a particular TF there is a moving average x that fits perfect to the bounce. and not enough - im also sure that there is a fibolevel in that area that fits perfect. there are so many possible reasons why price bounced there.
Don’t take this personally,!! don’t take this personally. how about. with all due respect... fess-up thyroid you just don’t like them trend lines do you.. no. not one little bit..Its clear price bounced there because that TL is the holy gospel of all Tl’s, now behave yourself
  • #35,259
  • Mar 9, 2016 1:40pm Mar 9, 2016 1:40pm
can't we all be friends.
  • #35,260
  • Mar 9, 2016 1:57pm Mar 9, 2016 1:57pm
Maybe because a EW 5 wave completed (see 1st chart).

Or maybe because volume didn't confirm move (see 2nd chart)

Who knows for certain?
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