XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1899 | Metals Mine

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

  • #37,961
  • Oct 12, 2016 7:59pm Oct 12, 2016 7:59pm
The time for high leverage is now, slippage should be minimized
  • #37,962
  • Oct 12, 2016 9:02pm Oct 12, 2016 9:02pm
Quoting manosk
{quote} I agree with you. We know anyway that physical demand for both silver and gold paints a vastly different picture compared to paper demand. If paper silver and gold reflected the real physical demand both of them would be more than 40% higher from current prices. There are long waiting periods for physical delivery. I think we will see 19-20 in silver and 1350 gold soon enough
Indeed, it is very true. One should have patience to wait for the price to realize. Gold and Silver are all time safe heaven and will attract risk appetite for hedge funds too. Business capital investment are currently very low. If bond yields drop, Gold and Silver will up.
  • #37,963
  • Oct 12, 2016 9:51pm Oct 12, 2016 9:51pm
Quoting goldgirl
{quote} Indeed, it is very true. One should have patience to wait for the price to realize. Gold and Silver are all time safe heaven and will attract risk appetite for hedge funds too. Business capital investment are currently very low. If bond yields drop, Gold and Silver will up.

There are some technological advancements that may dwarf the prospects for silver and gold demand. They aren't reflected in the supply and demand numbers yet. Be careful with expectations of gold and silver going up longterm, I say 16.50-16.68 is bottom. The truth is some part of me feels uneasy about labeling a bottom at all after the last week. My gut is telling me something isn't right.
  • #37,964
  • Oct 12, 2016 10:03pm Oct 12, 2016 10:03pm
triple top on the hourly with a LH.
  • #37,965
  • Oct 12, 2016 10:36pm Oct 12, 2016 10:36pm
LH and triple top invalidated but prediction for ST still valid until 17.65+. I think I'm done with ridiculously high leverage, so rarely seems worth it.
  • #37,966
  • Oct 13, 2016 1:49am Oct 13, 2016 1:49am
Trying a short 1260, hoping for 1250 or lower. If gold doesnt go below 1259 the next then hour Im out.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #37,967
  • Oct 13, 2016 2:03am Oct 13, 2016 2:03am
Silver touched 17.654 just to make a fool of me, is now retracing as planned. 17.25 is the first stop.
  • #37,968
  • Oct 13, 2016 2:09am Oct 13, 2016 2:09am
XAUUSD DLY Chart:
Base in place?
A break above $1265 the challenge today?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161013 DLY [1].png Size: 57 KB
Wait, or you will be slaughtered!
  • #37,969
  • Oct 13, 2016 2:15am Oct 13, 2016 2:15am
Been micro analyzing on 1H

I also expect a break of the yesterday high after some retracement. If we go to 1250 again it is chop.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 36 KB
Trading in the shadow of SM
  • #37,970
  • Oct 13, 2016 2:20am Oct 13, 2016 2:20am
Considering the strong resistance base that has been formed 17.50-17.65 (weekly), and the now weak support 17.13-17.25 (daily), 16.65 is guaranteed, strong support base below it. If that support fails it is likely to retest the lows sometime next year. If so? Technology = fiat strength . Technology devalues commodities. No other explanation.
  • #37,971
  • Oct 13, 2016 2:23am Oct 13, 2016 2:23am
Quoting goldgirl
{quote} Indeed, it is very true. One should have patience to wait for the price to realize. Gold and Silver are all time safe heaven and will attract risk appetite for hedge funds too. Business capital investment are currently very low. If bond yields drop, Gold and Silver will up.
By definition, if the Fed hikes and they admit that there is some inflation and of course the hike wont be sufficient, gold and silver will rise. We are seasonally low now so we might see some weakness, but it is an opportunity to buy which will translate into huge gains for the patient investor.
"Bulls make money, bears make money, pigs get slaughtered"
  • #37,972
  • Oct 13, 2016 6:26am Oct 13, 2016 6:26am
Quoting jorgen.fx
Trying a short 1260, hoping for 1250 or lower. If gold doesnt go below 1259 the next then hour Im out.
Closed my positions in break even. Right now 1264 looks more realistic than 1254, so may try to short again in 1264 area if it goes there.

Todays plan was to sell as price as long as price was below 1260 but my indicators doesn't align properly at the moment.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #37,973
  • Oct 13, 2016 6:56am Oct 13, 2016 6:56am
short XAU 1259.20, daytrade
  • #37,974
  • Oct 13, 2016 7:49am Oct 13, 2016 7:49am
Down to the DLY Open 1255.56.
Double Zigzag Correction on the 15M Chart?
Let's see if it holds?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161013 15M [1].png Size: 59 KB
Wait, or you will be slaughtered!
  • #37,975
  • Oct 13, 2016 8:07am Oct 13, 2016 8:07am
Quoting Uturn2
Down to the DLY Open 1255.56. Double Zigzag Correction on the 15M Chart? Let's see if it holds? Cheers, U2 {image}
For me the bottom has been set in XAG at 17.10. Not so clear at the moment in XAU
"Bulls make money, bears make money, pigs get slaughtered"
  • #37,976
  • Oct 13, 2016 8:13am Oct 13, 2016 8:13am
XAUUSD and XAGUSD 8H Charts:
Holding GOLD Longs only.
Cheers, U2
Edit: Text added to charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD 161013 8H [1].png Size: 43 KB
Click to Enlarge Name: Silver 161013 8H [1].png Size: 46 KB
Wait, or you will be slaughtered!
  • #37,977
  • Oct 13, 2016 8:16am Oct 13, 2016 8:16am
had hoped for more, but got to take what the market gives: reversed my short from 1259.20 to long now @ 1258.27
  • #37,978
  • Oct 13, 2016 9:18am Oct 13, 2016 9:18am
testing short with the sl1266 target tp 1253
  • #37,979
  • Oct 13, 2016 9:20am Oct 13, 2016 9:20am
reversed long from 1258.27 to short @ 1259.63.
  • #37,980
  • Oct 13, 2016 9:44am Oct 13, 2016 9:44am
added another short target 1252
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