XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1769 | Metals Mine

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

  • #35,361
  • Mar 14, 2016 6:33am Mar 14, 2016 6:33am
Quoting gold-analyst
its matter of time it takes to reach my target, but sometimes you start building confidence when you know it will
just be careful and have stop loss confidence what kills traders
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,362
  • Mar 14, 2016 8:28am Mar 14, 2016 8:28am
Whole lotta convincing oneself going on here when price determines all. On a short term basis (daily/weekly) it has been bullish. Yet it is still below levels from 3 years ago.
  • #35,363
  • Mar 14, 2016 8:32am Mar 14, 2016 8:32am
Quoting SunTrader
Whole lotta convincing oneself going on here when price determines all. On a short term basis (daily/weekly) it has been bullish. Yet it is still below levels from 3 years ago.
true, imho silver is going to break out - when looking on monthly itīs a quite good setup for midterm longs. Not talking about high risk scalping here.
just do it
  • #35,364
  • Mar 14, 2016 8:59am Mar 14, 2016 8:59am
closed the traded it hit profit target. will be on sideline for the time
Quoting gold-analyst
just entered short at 1256 with stop loss at 1261 , profit at 1245-46
  • #35,365
  • Mar 14, 2016 8:59am Mar 14, 2016 8:59am
Gold is falling towards 1240 - 1238 again, but I doubt it will break below that support.
  • #35,366
  • Mar 14, 2016 9:02am Mar 14, 2016 9:02am
agree james,

Quoting james1254
Gold is falling towards 1240 - 1238 again, but I doubt it will break below that support.
  • #35,367
  • Mar 14, 2016 10:31am Mar 14, 2016 10:31am
on the weekly chart all i see is that is is preparing for pulllback. big correction possible on its way
  • #35,368
  • Mar 14, 2016 11:23am Mar 14, 2016 11:23am
Quoting gold-analyst
on the weekly chart all i see is that is is preparing for pulllback. big correction possible on its way
​Not sure i'd want to guess where that's coming, but would rather be looking at another long@1239
  • #35,369
  • Mar 14, 2016 11:27am Mar 14, 2016 11:27am
yes i can see all guys getting ready for that support line at 1239. not sure how strong would that be. but i am sure it will provide support but for me its hard to say if it is going to be temp support or good support
  • #35,370
  • Mar 14, 2016 11:45am Mar 14, 2016 11:45am
i know most of us see a support at 1239 and expecting to go up from there, some are expecting a big bullish wave from there. but i just want you guy to be careful.

That support has provided support previously but then situation was different as gold hadnt made to peak. this time would provide support but gold is in Bearish mode. so even if it goes up from there , just becareful of your stop losses
  • #35,371
  • Mar 14, 2016 11:49am Mar 14, 2016 11:49am
i know some of you guy may start laughing at my views but i sense it below 1200 in a week's time
  • #35,372
  • Mar 14, 2016 12:50pm Mar 14, 2016 12:50pm
As always your views are appreciated​
  • #35,373
  • Mar 14, 2016 1:23pm Mar 14, 2016 1:23pm
Well it ran clean through that trendline I had on the H4. Felt like it took a few stops just after it.​
  • #35,374
  • Mar 14, 2016 1:26pm Mar 14, 2016 1:26pm
Quoting gold-analyst
i know some of you guy may start laughing at my views but i sense it below 1200 in a week's time
thanks for posting your analysis,
I see 1224.

If gold goes below 1200 than EU will be below at least 1.05; which makes sense because DJI, NASDAQ is also recovering...
  • #35,375
  • Mar 14, 2016 1:56pm Mar 14, 2016 1:56pm
Quoting openyoureyes
{quote} If gold goes below 1200 than EU will be below at least 1.05; which makes sense because DJI, NASDAQ is also recovering...
Gold and EU 60% correlation right now, so they could go pretty much EU up / Gold down, this is not correlated right now at all.
EU is sitting at very strong support from last week's bullish candle, so EU not much upside, while Gold has got decent room for a sizeable drop now.
Attached Image (click to enlarge)
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  • #35,376
  • Mar 14, 2016 2:42pm Mar 14, 2016 2:42pm
XAU breakout bot
heading lower...

TP: 1224
Attached Image (click to enlarge)
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  • #35,377
  • Mar 14, 2016 3:56pm Mar 14, 2016 3:56pm
Quoting Pip-Miner
{quote} Down to 1240 , slow retracement is my analysis for golds next move.
Wasn't slow and came down to 1230 so more bearish then expected. Wave analysis had this going to 1050 before surging up
  • #35,378
  • Mar 14, 2016 3:59pm Mar 14, 2016 3:59pm
Quoting Pip-Miner
{quote} Wasn't slow and came down to 1230 so more bearish then expected. Wave analysis had this going to 1050 before surging up
Sorry 1160
  • #35,379
  • Mar 14, 2016 4:06pm Mar 14, 2016 4:06pm
Quoting gold-analyst
i know some of you guy may start laughing at my views but i sense it below 1200 in a week's time
Mate I'm not laughing its a possibility
  • #35,380
  • Edited 10:23pm Mar 14, 2016 9:40pm | Edited 10:23pm
1st target wave 1 almost done, short again after retracement on resuming trend on 3.
Attached Image (click to enlarge)
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H4 chart:
http://www.forexfactory.com/attachme...1&d=1457682852
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