XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1925 | Metals Mine

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  • #38,481
  • Nov 10, 2016 8:04pm Nov 10, 2016 8:04pm
1259 break down in daily suppport i can see next level support in 1245. .
  • #38,482
  • Nov 10, 2016 8:10pm Nov 10, 2016 8:10pm
Quoting Becel
Sun you are clearly nuts or something. The plunge protection team has been known about for years now. The only question at this point is how much does the federal reserve own now after one event after an other over the years.
May be but I don't care about PPT or wear a TinFoilHat and all the rest of the nonsense.

Give me a chart and I am set.

To each their own.
  • #38,483
  • Edited 8:47pm Nov 10, 2016 8:25pm | Edited 8:47pm
Well you should because it will clearly effect the markets. The federal reserve purchasing assets to keep things in line is
I think not tinfoil hat and is very real. You may feel otherwise. My point is that it seems that they have been doing this for years now and I'm curious at some point they can't hide it anymore and we will find out just how much they own of the US stock market

It of course will not come from Trump as he is considering Jamie Dimon for a position, but at some point someone with ethics will say something. Its just a question as to whether this will happen within my lifetime. The Roman empire lasted several centuries with the nonsense that is going on now. Its human history repeating itself. if you don't know that then I don't know what to say to you.
  • #38,484
  • Nov 10, 2016 10:10pm Nov 10, 2016 10:10pm
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  • #38,485
  • Nov 11, 2016 12:21am Nov 11, 2016 12:21am
Inserted Video
  • #38,486
  • Nov 11, 2016 6:04am Nov 11, 2016 6:04am
Gold is back to testing the support at $1,250 - $1,240. I won't be opening new shorts before it breaks below that zone.
  • #38,487
  • Nov 11, 2016 6:10am Nov 11, 2016 6:10am
Quoting Becel
Well you should because ...
And what does that have to do with the price of tea gold in China?

Best to forgot I mentioned anything.

Be content concerning yourself with things beyond your control. I'd rather not - and just trade.
  • #38,488
  • Nov 11, 2016 8:09am Nov 11, 2016 8:09am
Instead of calling for manipulated markets while sticking to "theories" that ought to explain market movements nobody ever seems to think about them theories being useless.Markets work in cycles and I have yet to see one really break,doesnt happen,didnt happen on brexit,didnt happen on election...its always in line with cycles
  • #38,489
  • Nov 11, 2016 9:40am Nov 11, 2016 9:40am
Quoting SunTrader
{quote} And what does that have to do with the price of tea gold in China? Best to forgot I mentioned anything. Be content concerning yourself with things beyond your control. I'd rather not - and just trade.
Trump accuses China manipulates the currency. So, Yuan should be stronger. But market sees it otherwise.
  • #38,490
  • Edited 10:32am Nov 11, 2016 10:11am | Edited 10:32am
Quoting frx_trader
{quote} Trump accuses China manipulates the currency. So, Yuan should be stronger. But market sees it otherwise.
You do know Dollar against the Yuan/Renminbi is down currently.

But I don't trade it so I don't really care.

Do you trade the pair?
  • #38,491
  • Nov 11, 2016 10:43am Nov 11, 2016 10:43am
It seems to have found some support at 1225. I would expect on a Friday after a big move like this for the sellers to do some profit taking. Best guess the session ends with gold at 1235ish and a corrective wave up early next week.
  • #38,492
  • Nov 11, 2016 11:27am Nov 11, 2016 11:27am
Quoting SunTrader
{quote} You do know Dollar against the Yuan/Renminbi is down currently. But I don't trade it so I don't really care. Do you trade the pair?
No. I don't trade it. Traded a few lot of buy Gold @ 1225. Make some profit. But loses EU. So about break even today.
  • #38,493
  • Nov 11, 2016 12:41pm Nov 11, 2016 12:41pm
bull market massacre after that 70 usd pinbar 2 days ago formed over two days ... no surprise to me ...
  • #38,494
  • Nov 11, 2016 12:53pm Nov 11, 2016 12:53pm
as I said from my last post that big drop I was expecting and it did happen.

now I m saying it reached bottom so start buying , 1219 was bottom as per my analysis so buy big if you can but watch your risk level and keep small stop loss
high reward to risk ratio


Quoting gold-analyst
I am expecting a big drop. lets see . lot depends on the election results. {image}
  • #38,495
  • Nov 11, 2016 12:59pm Nov 11, 2016 12:59pm
I very much doubt this is a level to buy yet ... we need more bottoming out yet ... levels I am watching: 1210 usd and 1173 usd ... don't buy the falling knife !
  • #38,496
  • Nov 11, 2016 1:01pm Nov 11, 2016 1:01pm
I wish I could become rich but this is a very good level according to my analysis and experience. you can become rich buying at this level if you have lot of cash to buy and I am not joking.

but always remember that there is always definitely some level of Risk.

Experts predicted no Brexit no Trump but it happened. although I have faith in my analysis and very positive about it but just don't completely ignore the risk factor.


even if you don't pay attention to what I am saying, for lot of reasons gold is good buy
  • #38,497
  • Nov 11, 2016 1:08pm Nov 11, 2016 1:08pm
Quoting gold-analyst
I wish I could become rich but this is a very good level according to my analysis and experience. you can become rich buying at this level if you have lot of cash to buy and I am not joking. but always remember that there is always definitely some level of Risk. Experts predicted no Brexit no Trump but it happened. although I have faith in my analysis and very positive about it but just don't completely ignore the risk factor. even if you don't pay attention to what I am saying, for lot of reasons gold is good buy
Partly agree, Can you post a map?

Here is my current analysis:

Support at 1240 broken + Break out from channel. Support now just below 1200 and resistance around 1240. No point to fight the bears before we has a confirmed bottom. Bears in full control. Plan for now to sell from bounce Resistance and/or buy from support.

Think Suntrader is feeling good Lets see if he is in good mode. In that case we should trade same direction according the new indicator .

Also we got and LH on weekly charts. now followed by an LL. Not good for those of us that are gold bulls. It is Bank holiday in US. We can see that they lift it up again after weekend and then possible down again. Short term outlook for me is Bearish until we have an confirmed new bottom ( Start making HH / HL on minimu 1H chart ) I will from current support around 1200 if that is reached take positions.
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Trading in the shadow of SM
  • #38,498
  • Nov 11, 2016 1:18pm Nov 11, 2016 1:18pm
don't really want to. when I post people don't subscribe even though I posted lot of good analysis in the past. its not like I am asking for money. subscribers is only appreciation of efforts. but fair enough everyone has their own views, can only ask for subscribers not force them.

Quoting Earleone
{quote} Partly agree, Can you post a map? Here is my current analysis: Support at 1240 broken + Break out from channel. Support now just below 1200 and resistance around 1240. No point to fight the bears before we has a confirmed bottom. Bears in full control. Plan for now to sell from bounce Resistance and/or buy from support. Think Suntrader is feeling good Lets see if he is in good mode. In that case we should trade same direction according the new indicator . Also we got and LH on weekly charts. now followed by an LL. Not good...
  • #38,499
  • Nov 11, 2016 1:19pm Nov 11, 2016 1:19pm
http://www.marketwatch.com/story/gol...oss-2016-11-11
  • #38,500
  • Nov 11, 2016 1:20pm Nov 11, 2016 1:20pm
What a sell off in Gold and Silver...
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