XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1876 | Metals Mine

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

  • #37,501
  • Sep 14, 2016 9:53am Sep 14, 2016 9:53am
Quoting dweb
{quote} H1 candle high:19.118 {image}
Price hanging on for dear life between what I would term a "no trade zone", i.e. between Resistance & BO prices.
We err, and err, and err again, but less.
  • #37,502
  • Sep 14, 2016 10:01am Sep 14, 2016 10:01am
XAUUSD 1H Chart;
1H Close.
Looks like lack of commitment from the Bulls?
[Pending Long]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 160914 1H [1].png Size: 55 KB
Wait, or you will be slaughtered!
  • #37,503
  • Sep 14, 2016 5:29pm Sep 14, 2016 5:29pm
Silver looks like it will take a nose dive to me. Shorted at 18.97, stop loss 19.20. If I am wrong, then a small loss. If right make much more. If it breaks above, then I'm most likely dead wrong. I'm expecting the move in the US session tomorrow.
  • #37,504
  • Sep 14, 2016 6:22pm Sep 14, 2016 6:22pm
Looks like we have a flag pattern here on 1D chart. It's strong bullish indicator.
I am long with SL@1295 TP@ 1475
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 69 KB
  • #37,505
  • Edited 9:27pm Sep 14, 2016 9:17pm | Edited 9:27pm
interesting that commodity currency s looks so bearish yet gold has reversed on my arrow thinking this range could hold up and is not linked ,actually could be a safe haven

Quoting Bones
confirmation for harami which adds to belief ,it dosent matter no close yet at this point in all probability {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold (DFB).png Size: 29 KB
Click to Enlarge Name: aud .png Size: 46 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,506
  • Sep 14, 2016 9:19pm Sep 14, 2016 9:19pm
don't forget I'm not trading it so that can not be chest thumping

to the naysayers
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,507
  • Sep 15, 2016 12:42am Sep 15, 2016 12:42am
silver is putting in a triple bottom here on the 3H chart, the last part is only visible on the sub hourly charts. The only way is up :-)
  • #37,508
  • Sep 15, 2016 2:16am Sep 15, 2016 2:16am
Quoting Geee
Looks like we have a flag pattern here on 1D chart. It's strong bullish indicator. I am long with SL@1295 TP@ 1475 {image}
Thanks for the heads up.
Possible HEW Triangle.
Wave ^e may be complete.
Cheers, U2

http://www.forexfactory.com/showthre...19#post9140519
Wait, or you will be slaughtered!
  • #37,509
  • Sep 15, 2016 2:23am Sep 15, 2016 2:23am
Quoting Uturn2
{quote} Thanks for the heads up. Possible HEW Triangle. Wave ^e may be complete. Cheers, U2 http://www.forexfactory.com/showthre...19#post9140519
XAUUSD 2H Chart:
Waiting for a Higher Low [HL] wave [ii].
Pending Long.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 160915 2H [1].png Size: 55 KB
Wait, or you will be slaughtered!
  • #37,510
  • Sep 15, 2016 3:56am Sep 15, 2016 3:56am
I think we need to see more down before we can see up ... got out of my long and standing on the sidelines.
  • #37,511
  • Sep 15, 2016 4:19am Sep 15, 2016 4:19am
Sold 1320.700 sl 1322.180 and TP is 1310.000
  • #37,512
  • Sep 15, 2016 11:14am Sep 15, 2016 11:14am
XAUUSD:
Bullish Engulfing candle on the 1H.
Confluence of levels at ~$1309.
[MLY Open, 85.4% retracement, 2H Doji pin Bar Low]
4H Doji. Doji Up or Doji Down?
Pending Long, waiting for current 2H to Close.
Cheers, U2
Wait, or you will be slaughtered!
  • #37,513
  • Sep 15, 2016 12:42pm Sep 15, 2016 12:42pm
Quoting Uturn2
XAUUSD: Bullish Engulfing candle on the 1H. Confluence of levels at ~$1309. [MLY Open, 85.4% retracement, 2H Doji pin Bar Low] 4H Doji. Doji Up or Doji Down? Pending Long, waiting for current 2H to Close. Cheers, U2
Your pending long is on 1309?
  • #37,514
  • Sep 15, 2016 1:48pm Sep 15, 2016 1:48pm
Quoting Mr.Dan
{quote} Your pending long is on 1309?
Long at 1325.5 and hedged at 1320.5
Looking for longer term upside.
Cheers, U2
Wait, or you will be slaughtered!
  • #37,515
  • Sep 15, 2016 4:30pm Sep 15, 2016 4:30pm
Quoting SunTrader
I trade hours to days and it is plainly clear, to me at least, on a daily chart there has been 3 lower swing highs (2, 3, 4) and 1 lower swing low (B) so if Gold breaks the swing low of Sept 1st it is back in bear market territory - big time!! {image}
Getting clooose.
  • #37,516
  • Sep 15, 2016 5:01pm Sep 15, 2016 5:01pm
I think weekly needs to close below 1292 area to get bearish.
Probably wrong but.............. :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 27 KB
Click to Enlarge Name: XAUUSDDaily.png Size: 29 KB
Click to Enlarge Name: XAUUSDDaily.2.png Size: 26 KB
  • #37,517
  • Sep 15, 2016 6:36pm Sep 15, 2016 6:36pm
Could be but on weekly chart there are 2 LH's and 2 LL's. Not too bullish to me.

Yes there are narrow ranges but that just means indecision not up, not down. Let's see how it plays out.

Though price currently is a lot closer to the bottom of the range than top.
  • #37,518
  • Edited 7:35pm Sep 15, 2016 7:24pm | Edited 7:35pm
Quoting SunTrader
Could be but on weekly chart there are 2 LH's and 2 LL's. Not too bullish to me. Yes there are narrow ranges but that just means indecision not up, not down. Let's see how it plays out. Though price currently is a lot closer to the bottom of the range than top.
On the daily those would be LHs & LLs but on the weekly those are just little wiggles the way I see it.
I've applied the zig-zag indi to show the swing points on the weekly chart. No swing low printed yet.
Price could even drop to near the green line & still be bullish if it doesn't print a lower high prior.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.3.png Size: 32 KB
  • #37,519
  • Sep 15, 2016 7:46pm Sep 15, 2016 7:46pm
Well we will just have to agree to disagree.

In my book LH's are those bars (in this case weekly) which have at least 1 HH on either side and LL's at least 1 HL on either side.

Plainly that is the case but I doubt much more will happen Friday, but there is always next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold weekly LH LL.png Size: 31 KB
  • #37,520
  • Sep 16, 2016 12:21am Sep 16, 2016 12:21am
She's in the daily buy zone now - I don't see a break south. Good for a bounce up to 1350.
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