XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1778 | Metals Mine

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

  • #35,541
  • Mar 28, 2016 7:35am Mar 28, 2016 7:35am
pic not very clear as it got few obstacles on way up and also ignored any news events which might change the direction. where we are right now, from here 1228 looks the next level


Quoting babaz7
{quote} where will it go now?
  • #35,542
  • Mar 28, 2016 7:43am Mar 28, 2016 7:43am
right now this level is a resistance level, so if need to break that level to go up. lets see what happens
Attached Image
  • #35,543
  • Mar 28, 2016 7:55am Mar 28, 2016 7:55am
Gold found some support at 1207, but I think it will eventually start falling again towards 1200.
  • #35,544
  • Mar 28, 2016 8:39am Mar 28, 2016 8:39am
Current situation for gold price.

In attachment you can see that if gold price would settle today over $1,225 then around 4,000 call options would be in the money so big incentive by option writers to keep gold below 1,225 at today's settled time.
Attached Image (click to enlarge)
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  • #35,545
  • Mar 28, 2016 9:04am Mar 28, 2016 9:04am
Current situation for silver price.

In attachment you can see that if silver price would settle today over $15.50 then around 800 call options would be in the money so big incentive by option writers to keep silver below $15.50 at today's settled time.

1 silver futures contract = 5,000 silver ounces for physical delivery so 800 call options at $15.50 = right by owners of silver call options in the money to ask for 4 million silver ounces to be delivered.

Hence motivation by option writers (mostly big banks) to "keep" silver price at today's settled price below $15.50
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_Mar_23rd_SOJ6_dte_2b.png Size: 70 KB
  • #35,546
  • Mar 28, 2016 12:05pm Mar 28, 2016 12:05pm
XAU/USD (4h/daily TF) Possible Bullish Gartley to Bulish Crab Pattern : Buy Limit @ 1200 sl : 1189 target 1140 area
Attached Image (click to enlarge)
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  • #35,547
  • Mar 28, 2016 12:14pm Mar 28, 2016 12:14pm
i am bullish on this pair. it must reach 1227 for my trades
  • #35,548
  • Mar 28, 2016 12:19pm Mar 28, 2016 12:19pm
Quoting andan
XAU/USD (4h/daily TF) Possible Bullish Gartley to Bulish Crab Pattern : Buy Limit @ 1200 sl : 1189 target 1140 area {image}
Blablablabla...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 40 KB
  • #35,549
  • Mar 28, 2016 12:31pm Mar 28, 2016 12:31pm
lol was that blablaablaa to conradcit my views?
Quoting andan
{quote} Blablablabla... {image}
  • #35,550
  • Mar 28, 2016 12:56pm Mar 28, 2016 12:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 9 KB


This trend line on H1 was too tempting. Short @ 1220 with SL @ 1223. In case gold struggling to go higher and starts to fall to 1200 or below.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #35,551
  • Mar 28, 2016 12:57pm Mar 28, 2016 12:57pm
well nothing is ever certain these markets. you may be right here, but as per my analysis it is going to breach 1223 to goto 1227

Quoting jorgen.fx
{image} This trend line on H1 was too tempting. Short @ 1220 with SL @ 1223. In case gold struggling to go higher and starts to fall to 1200 or below.
  • #35,552
  • Mar 28, 2016 1:11pm Mar 28, 2016 1:11pm
There's a hanging man candlestick on the 4-hour time-frame, I think it might move to the downside again.
  • #35,553
  • Mar 28, 2016 3:52pm Mar 28, 2016 3:52pm
hanging man might get hanegd tonite as Gold is preparing to target 1227 and then 1236-40 region and then upto news it reversal or further bullish. but i wont short it before that region
Quoting james1254
There's a hanging man candlestick on the 4-hour time-frame, I think it might move to the downside again.
  • #35,554
  • Mar 28, 2016 4:23pm Mar 28, 2016 4:23pm
Quoting Pip-Miner
short positions below 1225.00 with targets 1206.50 1200.50.
This worked ok got the 1206 target , now looking for a repeat trade
  • #35,555
  • Mar 28, 2016 4:44pm Mar 28, 2016 4:44pm
pip miner seems like we both are on opposite sides today i am waiting for it to go up and you other way around
Quoting Pip-Miner
{quote} This worked ok got the 1206 target , now looking for a repeat trade
  • #35,556
  • Mar 28, 2016 4:53pm Mar 28, 2016 4:53pm
Quoting gold-analyst
pip miner seems like we both are on opposite sides today i am waiting for it to go up and you other way around {quote}
If 1225 breaks I'm with you champ
  • #35,557
  • Mar 28, 2016 5:06pm Mar 28, 2016 5:06pm
Fellows,
Do you think Gold has made week low, and will go upward now,
Remember NFP is coming on Friday,
What do you suggest.
  • #35,558
  • Mar 28, 2016 5:21pm Mar 28, 2016 5:21pm
i hate news and i am really ad with it. but i think it has very much potentioal to goto 1236-40 region and i am confident
Quoting razahyder
Fellows, Do you think Gold has made week low, and will go upward now, Remember NFP is coming on Friday, What do you suggest.
  • #35,559
  • Mar 28, 2016 5:27pm Mar 28, 2016 5:27pm
Quoting gold-analyst
i hate news and i am really ad with it. but i think it has very much potentioal to goto 1236-40 region and i am confident{quote}
So what level of buying you suggest, and what should SL if i wanna get in and get out from Gold before NFP.
  • #35,560
  • Mar 28, 2016 6:05pm Mar 28, 2016 6:05pm
well cant really sugest you, because if you read my previous posts , i entered long at 1210-11 regiin with stop loss at 1207, but if you still keen on entering and want to take bit of risk then set stop loss 1218 and profit level 1235-40

Quoting razahyder
{quote} So what level of buying you suggest, and what should SL if i wanna get in and get out from Gold before NFP.
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