XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1917 | Metals Mine

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

  • #38,321
  • Oct 31, 2016 2:48pm Oct 31, 2016 2:48pm
If we get an HH on daily it is just to hang in all the way up to above 1300 . Not much sellers in area above 1280. Just profit taking and permabears to see there.
Trading in the shadow of SM
  • #38,322
  • Oct 31, 2016 3:01pm Oct 31, 2016 3:01pm
Quoting Pip-Miner
{quote} Love the setup is it fully auto, in any case hope we correct few bottles will be opened
No, all manual input.
I use Harmonic Elliott Wave [HEW] for structure and targets.
It can get very very complex, especially the corrections.
I also subscribe to Ian Copsey's [HEW] weekly updates.
Cheers, U2
Wait, or you will be slaughtered!
  • #38,323
  • Oct 31, 2016 3:26pm Oct 31, 2016 3:26pm
Today's daily bar is almost done and both spot and futures are Inside bars which equates to uncertainty.

What with Election Day a week away here in USA makes sense. Especially with the wacky choice we have to make.

What doesn't make sense is getting all excited ... either bullish or bearish.
  • #38,324
  • Oct 31, 2016 7:03pm Oct 31, 2016 7:03pm
Wedge/Triangle - which one? (I don't really care just the fact it is coiling for a substantial move sometime in the near future) on 4 hour chart:
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  • #38,325
  • Oct 31, 2016 10:07pm Oct 31, 2016 10:07pm
I agree with the Sun Trader. Even though I think it might go to 1303-08 first, I think the way is down. Or the other setup that is possible is a down move to 1225-15 and than we go up.
  • #38,326
  • Nov 1, 2016 1:23am Nov 1, 2016 1:23am
1280 just printed 1300 road looking Ok still $$$$$
  • #38,327
  • Nov 1, 2016 1:24am Nov 1, 2016 1:24am
Inserted Video
  • #38,328
  • Nov 1, 2016 2:21am Nov 1, 2016 2:21am
Quoting Pip-Miner
1280 just printed 1300 road looking Ok still $$$$$
Looks that way! Fantastic finish on the daily yesterday. Big rally coming today only question is when.
  • #38,329
  • Nov 1, 2016 2:59am Nov 1, 2016 2:59am
Quoting Jbfx
{quote} Looks that way! Fantastic finish on the daily yesterday. Big rally coming today only question is when.
Quoting Pip-Miner
1280 just printed 1300 road looking Ok still $$$$$
Added Long 1280 TP 1294
Asian markets closed and just gone 8am London.
Edit: abc Zigzag Correction on the 15M chart.
Let's see how it goes.
Cheers, U2
Wait, or you will be slaughtered!
  • #38,330
  • Nov 1, 2016 3:08am Nov 1, 2016 3:08am
testing one more long 1280 target 1294
Quoting rashidyousuf
testing long 1266 taget 1294
  • #38,331
  • Nov 1, 2016 3:16am Nov 1, 2016 3:16am
Quoting Uturn2
{quote} {quote} Added Long 1280 TP 1294 Asian markets closed and just gone 8am London. Edit: abc Zigzag Correction on the 15M chart. Let's see how it goes. Cheers, U2
"Higher US yields slowdown the positive momentum in gold, yet the yellow metal is challenging the 200-day moving average, $1280, for the third consecutive session. Clearing 1280-resistance should encourage a further recovery to $1297 (minor 23.6% retrace on Dec’15 to Jul’16 rise). Intra-day support is seen at $1260, while the $1255/1250 (major 38.2% retrace) should lend a mid-term base for the bullish development."

Technical analysis from my UK broker this morning.

Could be waiting until NY to really break 1280
  • #38,332
  • Nov 1, 2016 3:32am Nov 1, 2016 3:32am
I am long the 15M breakout from the traingle at 1279.70, aiming to get 1283.5
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  • #38,333
  • Nov 1, 2016 4:38am Nov 1, 2016 4:38am
  • #38,334
  • Nov 1, 2016 5:16am Nov 1, 2016 5:16am
banked my profit @ 1283.75 USD
  • #38,335
  • Nov 1, 2016 5:52am Nov 1, 2016 5:52am
Ow no his back
Attached Image
  • #38,336
  • Nov 1, 2016 6:17am Nov 1, 2016 6:17am
Quoting Pip-Miner
Ow no his back {image}
Nice
Trading in the shadow of SM
  • #38,337
  • Nov 1, 2016 6:21am Nov 1, 2016 6:21am
XAG coming up to some major resistance zones: Daily at 18.21, H4 at 18.27 and at 18.53. It will be great if it shoots through them and closes the day at least above 18.27.
"Bulls make money, bears make money, pigs get slaughtered"
  • #38,338
  • Nov 1, 2016 7:06am Nov 1, 2016 7:06am
Shorted my favourite red-line again..

XAUUSD - H4
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  • #38,339
  • Nov 1, 2016 7:13am Nov 1, 2016 7:13am
Out for a correction.
Short Scalp 1287
Cheers, U2
Wait, or you will be slaughtered!
  • #38,340
  • Nov 1, 2016 7:15am Nov 1, 2016 7:15am
joined short @ 1086.03
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