XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1779 | Metals Mine

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

  • #35,561
  • Mar 29, 2016 7:13am Mar 29, 2016 7:13am
I bought silver here (oanda cfd) @ 15.124. 15M morning star at trendline after it broke. Hourly is fakey bar. Expecting to see the recent highs.
Gold also looking not too bad with a possible reversed head and shoulders on the hourly chart. 1223 would give me a long entry.
  • #35,562
  • Mar 29, 2016 8:02am Mar 29, 2016 8:02am
hehe i know what you mean... yellen buying gold i know

Quoting cvds16
I bought silver here (oanda cfd) @ 15.124. 15M morning star at trendline after it broke. Hourly is fakey bar. Expecting to see the recent highs. Gold also looking not too bad with a possible reversed head and shoulders on the hourly chart. 1223 would give me a long entry.
  • #35,563
  • Mar 29, 2016 8:09am Mar 29, 2016 8:09am
LOL did some bank read my post and belived it to be true. gold went up lol just as i wrote that line about yellen buying gold. but she is i know
Quoting gold-analyst
hehe i know what you mean... yellen buying gold i know {quote}
  • #35,564
  • Mar 29, 2016 8:39am Mar 29, 2016 8:39am
closed half of my position as approaching new. rest is still opend as i am predicting it to go further up but learnt a lot from recent news outcomes
Quoting gold-analyst
LOL did some bank read my post and belived it to be true. gold went up lol just as i wrote that line about yellen buying gold. but she is i know{quote}
  • #35,565
  • Mar 29, 2016 11:37am Mar 29, 2016 11:37am
as i said it did hit my target . short gold with stop loss at 1242-43
Quoting gold-analyst
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 {quote}
  • #35,566
  • Mar 29, 2016 11:59am Mar 29, 2016 11:59am
http://charts.stocktwits.com/product...65.?1459223278 this is going to hurt, gold/silver ratio at extremes of last 30 year ... buy silver :-)
  • #35,567
  • Mar 29, 2016 12:04pm Mar 29, 2016 12:04pm
Possible wave count for resuming downtrend on M30 time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30 30Mar16.png Size: 38 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #35,568
  • Mar 29, 2016 12:28pm Mar 29, 2016 12:28pm
do not short this, this is just the beginning of enormous bull-leg ...
seriously ! cover, the inside bar on the hourly will break to the upside ... you will see ...
  • #35,569
  • Mar 29, 2016 12:49pm Mar 29, 2016 12:49pm
XAU/XAG is in a downtrend and just before the trendline it did a 30M fakey ... so more reason to buy silver than gold
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 100 KB
  • #35,570
  • Mar 29, 2016 1:04pm Mar 29, 2016 1:04pm
XAU 15min

1215 to 1238



there is money to be made,
long until 1259 and short from there...
(tomorrows plan)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-03-29 at 21.03.19.png Size: 58 KB
  • #35,571
  • Mar 29, 2016 1:07pm Mar 29, 2016 1:07pm
Must be 1259 lines on that chart.
  • #35,572
  • Mar 29, 2016 1:08pm Mar 29, 2016 1:08pm
XAU 4H

notice 4H - 1222 resistance break...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-03-29 at 21.07.45.png Size: 63 KB
  • #35,573
  • Mar 29, 2016 1:09pm Mar 29, 2016 1:09pm
Quoting SunTrader
Must be 1259 lines on that chart.
happy now?
  • #35,574
  • Mar 29, 2016 5:57pm Mar 29, 2016 5:57pm
if gold manages to retrace back from 1240-43 levels then 1200 is definititly in picture . but lets see first if further upside is possible or not
  • #35,575
  • Mar 29, 2016 9:19pm Mar 29, 2016 9:19pm
Quoting Xag
{quote} Thats the short-term play.Long-term its the other way around for now.Market structure tells the story.XAG wont break the high made on 28.10
Xag, I haven't been able to understand what tipped you off to the bullish play in terms of market structure. Would you please enlighten us about that?
Thanks!
Chasing Livermore...
  • #35,576
  • Mar 29, 2016 10:06pm Mar 29, 2016 10:06pm
Quoting gold-analyst
if gold manages to retrace back from 1240-43 levels then 1200 is definititly in picture . but lets see first if further upside is possible or not
further upside is a certainty ... we are going to get a weekly engulfer .. you read it here first
and xag is going to outperform
  • #35,577
  • Mar 29, 2016 10:56pm Mar 29, 2016 10:56pm
upside bias

above 1231.00 with targets @ 1249.00
below 1231.00 further downside with 1223.00
  • #35,578
  • Mar 30, 2016 3:38am Mar 30, 2016 3:38am
Quoting osyrius
{quote} Xag, I haven't been able to understand what tipped you off to the bullish play in terms of market structure. Would you please enlighten us about that? Thanks!
I think you inquire about Gold....simply put....take a look at the high from 15.10 and the following low...up to this point gold made lower Highs and lows which means a down cycle/trend was at work.Then the latest up swing broke the high from 15.10 which is only possible in a up-cycle and will lead to a series of higher bottoms and tops.Thats the story market structure tells.Now compare that to XAG and you understand the difference going on in both instruments.
  • #35,579
  • Mar 30, 2016 4:50am Mar 30, 2016 4:50am
Gold needs to go up to 1255 level. lets wait and see if manages to sort itself out
  • #35,580
  • Mar 30, 2016 7:42am Mar 30, 2016 7:42am
$1,243 immediate resistance.
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