XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1780 | Metals Mine

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

  • #35,581
  • Mar 30, 2016 7:55am Mar 30, 2016 7:55am
Quoting arigoldman
$1,243 immediate resistance.
You're right. If it can't break above that level I think it will retrace back to 1225, perhaps a little lower.
  • #35,582
  • Mar 30, 2016 9:52am Mar 30, 2016 9:52am
Quoting cvds16
{quote} further upside is a certainty ... ...
Nothing ... is certain. In trading or life. Unless you are still a child you should know that by now.
  • #35,583
  • Mar 30, 2016 10:08am Mar 30, 2016 10:08am
Quoting SunTrader
{quote} Nothing ... is certain. In trading or life. Unless you are still a child you should know that by now.
hahaha kids...who talks about certainty these days? I like how the word certainty doesnt mean anything as XAU is falling
"Bulls make money, bears make money, pigs get slaughtered"
  • #35,584
  • Mar 30, 2016 10:49am Mar 30, 2016 10:49am
Quoting openyoureyes
{quote} happy now?
It is not for me to be happy - obviously, it is for you. It's your charts.

But if you are trying to get a point across ... less confusion (for the readers) is better.

When I post a chart I minimize or status off other items that might not be very helpful for other traders. Just sayin'
  • #35,585
  • Mar 30, 2016 10:59am Mar 30, 2016 10:59am
I think its too difficult and time consuming to know the direction of the marked so I only use Fibonacci 61.8%. Right now the price seems to be rejected at 61.8% om H1 so I take my chance to long @ 1226. I close the trade if it doesn't go up as soon as I expect.

Often the trade fails, but if it is successful I will buy more on dips and make up for the losses.

Attached Image (click to enlarge)
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Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #35,586
  • Mar 31, 2016 12:08am Mar 31, 2016 12:08am
Gold has found a good support just above the 1200 level, the 200 week EMA around the 1257 level could be resistance.
  • #35,587
  • Mar 31, 2016 6:19am Mar 31, 2016 6:19am
yes i see 1250 and 1257 on the charts too.1257 goes perfect with my analysis
  • #35,588
  • Mar 31, 2016 10:43am Mar 31, 2016 10:43am
Attached Image (click to enlarge)
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Im short at 1236 with another Sell limit at 1238. Taking the risk because of H1 trendline.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #35,589
  • Mar 31, 2016 3:12pm Mar 31, 2016 3:12pm
any hint regarding tomorrow's data ??
  • #35,590
  • Mar 31, 2016 5:12pm Mar 31, 2016 5:12pm
trading gold in april means trading the range top/bottom, it's not complicated. I don't see gold trading past this range in april.
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  • #35,591
  • Mar 31, 2016 5:13pm Mar 31, 2016 5:13pm
Quoting roudy
any hint regarding tomorrow's data ??
dollar positive NFP on Friday
  • #35,592
  • Mar 31, 2016 5:13pm Mar 31, 2016 5:13pm
means gold can push lower and would become a buy @ the bottom of the range
  • #35,593
  • Mar 31, 2016 11:50pm Mar 31, 2016 11:50pm
Quoting asgcorp
{quote} dollar positive NFP on Friday
maybe, maybe not. It's not just about the numbers. no one can predict how the market interprets these numbers.
  • #35,594
  • Apr 1, 2016 7:57am Apr 1, 2016 7:57am
gold now eyeing towards 1197
  • #35,595
  • Apr 1, 2016 11:06am Apr 1, 2016 11:06am
Gold bounced off 1208 again, but I think next week it will reach that level. I doubt it will be able to break below the support though.
  • #35,596
  • Apr 1, 2016 11:32am Apr 1, 2016 11:32am
If the next H1 bar closes around 1215 (not higher) then it I think it could go lower, if the bar closes above 1216 my guess is up to at least 1222/25
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #35,597
  • Apr 1, 2016 1:34pm Apr 1, 2016 1:34pm
Relax. It's Friday. Daily move is almost always done once NY goes to lunch.

Of course anything is possible. But most likely it will have to wait till next week.
  • #35,598
  • Apr 4, 2016 6:47am Apr 4, 2016 6:47am
long positions above 1209.00 with targets @ 1224.00 & 1229.00

below 1209.00 look for further downside with 1202.00 & 1195.00

Happy gold trading
  • #35,599
  • Apr 4, 2016 7:41am Apr 4, 2016 7:41am
There's a giant shooting star on the monthly time frame. Whatever it does, Gold will start falling eventually.
  • #35,600
  • Apr 4, 2016 7:49am Apr 4, 2016 7:49am
its not shooting star nor giant ,the candle prior is giant ,but still I think your right with direction ,maybe more roll off first


Quoting dianajs
There's a giant shooting star on the monthly time frame. Whatever it does, Gold will start falling eventually.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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