XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1939 | Metals Mine

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

  • #38,761
  • Dec 10, 2016 5:34am Dec 10, 2016 5:34am
Quoting Uturn2
XAUUSD 2H Chart: 1148.6 - 1146.8 max? Cheers, U2 Edit: Chart arrows {image}
Looks to be on track.
Cheers, U2
Wait, or you will be slaughtered!
  • #38,762
  • Dec 10, 2016 8:37am Dec 10, 2016 8:37am
Quoting yg10
{quote} This is some misunderstanding. I never quoted or posted links to ZH.That UTURn2 who sho did that I just expressed some sarcasm concerning their point of view that falling prices l of metals is a conspiracy.
Yes sorry I did misunderstand you that someone else posted link and agree no conspiracy.
  • #38,763
  • Dec 10, 2016 10:22am Dec 10, 2016 10:22am
Quoting Uturn2
{quote} Looks to be on track. Cheers, U2
Look like it but maybe some short profit taking before fomc? Before a spike down at fomc and then up again if rates already priced in.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,764
  • Dec 10, 2016 11:02am Dec 10, 2016 11:02am
Quoting jorgen.fx
{quote} Look like it but maybe some short profit taking before fomc? Before a spike down at fomc and then up again if rates already priced in.
It's been a bumpy ride down so far,
which tends to support the end of a Trend.
Following this current correction,
there should be an ABC 3 waves down.
This is shown as 2 down arrows in the 2H Chart above.
How this relates to the fmoc could be the Wave b,
which can be the wild card in the pack.
Cheers, U2
Wait, or you will be slaughtered!
  • #38,765
  • Dec 10, 2016 1:41pm Dec 10, 2016 1:41pm
Quoting jorgen.fx
{quote} Look like it but maybe some short profit taking before fomc? Before a spike down at fomc and then up again if rates already priced in.
And what about if they cut 1/2 point instead? Not likely but it is a possibility.

Anyway 1/4 point no doubt is priced in and I would think (not know) a bounce short term to be followed by lower lows. That is the trend - downward. The trend I've talked about, seems like forever, that many others have doubted me on. Oh well.
  • #38,766
  • Dec 11, 2016 6:51am Dec 11, 2016 6:51am
I seem to be repeating myself. As of Tuesday (Dec 6th), COMEX speculators still held a sizeable net long position.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-11 at 13.47.44.png Size: 163 KB
Twitter: ThirdMoment
  • #38,767
  • Dec 11, 2016 7:06am Dec 11, 2016 7:06am
Quoting SunTrader
{quote} And what about if they cut 1/2 point instead? Not likely but it is a possibility. Anyway 1/4 point no doubt is priced in and I would think (not know) a bounce short term to be followed by lower lows. That is the trend - downward. The trend I've talked about, seems like forever, that many others have doubted me on. Oh well.
Thanks for feedback. Sellers in control for sure. Do you have any thoughts about what can happen with 1/2 point instead?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,768
  • Dec 11, 2016 8:12am Dec 11, 2016 8:12am
Quoting jorgen.fx
{quote} Thanks for feedback. Sellers in control for sure. Do you have any thoughts about what can happen with 1/2 point instead?
Acceleration to the downside most likely.
  • #38,769
  • Dec 11, 2016 8:20am Dec 11, 2016 8:20am
Bearish on metals.
  • #38,770
  • Dec 11, 2016 10:55am Dec 11, 2016 10:55am
XAUUSD 6H Chart:
abc Target Zone?
Break of 1150 may be the Low?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 161211 XAUUSD 6H [1].png Size: 63 KB
Wait, or you will be slaughtered!
  • #38,771
  • Dec 11, 2016 11:36am Dec 11, 2016 11:36am
Any NATGAS traders?

NATGAS WLY Chart:
Looks like 5 waves up,
and may be topping out?
[Wave c iii almost reached the 323.4% projection of Wave i]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 161211 NG WLY [1].png Size: 74 KB
Wait, or you will be slaughtered!
  • #38,772
  • Dec 11, 2016 11:51am Dec 11, 2016 11:51am
Any CL [US Crude] Traders?
[Black Gold]

CL WLY Chart:
Massive WLY Inverse H&S?
[Wave iii minimum target 8275?]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 161211 CL WLY [1].png Size: 68 KB
Wait, or you will be slaughtered!
  • #38,773
  • Dec 11, 2016 2:03pm Dec 11, 2016 2:03pm
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  • #38,774
  • Dec 11, 2016 3:14pm Dec 11, 2016 3:14pm
I have been on sidelines since 1220 level support was breached.

been watching the price ,now I think current level looks like the bottom for the time. to be more precise, it would be good to go long if 1151-1152 is tested.



even the current price looks good level to go long, but if you are patient and disciplined trader then you can take risk to go long at 1151-1152, keeping a small stop loss.
  • #38,775
  • Dec 11, 2016 5:55pm Dec 11, 2016 5:55pm
Me I'll just stick with the trend rather getting "stinky finger" picking bottoms.

Am I the only one noticing the multi-month lows presently??
Not to mention break of the important 61.8% retracement level last week.
  • #38,776
  • Dec 11, 2016 6:52pm Dec 11, 2016 6:52pm
Quoting SunTrader
Me I'll just stick with the trend rather getting "stinky finger" picking bottoms. Am I the only one noticing the multi-month lows presently?? Not to mention break of the important 61.8% retracement level last week.
No I also notice that important level. It has already broken 3 times since Dec 5. I'll start to take long after Fund Rate News on next Dec 14. For the next year pefomance, this is a top gold forecaster on bloomberg news, https://www.bloomberg.com/news/artic...prices-in-2017
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #38,777
  • Dec 11, 2016 7:31pm Dec 11, 2016 7:31pm
Quoting manize
{quote} No I also notice that important level. It has already broken 3 times since Dec 5. I'll start to take long after Fund Rate News on next Dec 14...
Its your money.
  • #38,778
  • Dec 12, 2016 12:02am Dec 12, 2016 12:02am
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  • #38,779
  • Dec 12, 2016 3:22am Dec 12, 2016 3:22am
Quoting SunTrader
Me I'll just stick with the trend rather getting "stinky finger" picking bottoms. Am I the only one noticing the multi-month lows presently?? Not to mention break of the important 61.8% retracement level last week.
We also has a 61.8 fib from the main bull leg low 2008 high 2011. FOMC will be the key for a close below for weekly. It has been weekly important level bearsih and bullish several times. Many main support levels taken out on this bearish run so will not be very suprised if this one breakes to.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSDWeekly.png Size: 44 KB
Trading in the shadow of SM
  • #38,780
  • Edited 5:01am Dec 12, 2016 4:06am | Edited 5:01am
Quoting gold-analyst
I have been on sidelines since 1220 level support was breached. been watching the price ,now I think current level looks like the bottom for the time. to be more precise, it would be good to go long if 1151-1152 is tested. even the current price looks good level to go long, but if you are patient and disciplined trader then you can take risk to go long at 1151-1152, keeping a small stop loss.
Just a theory:
There will probably be plenty of Pending Long orders at or below 1150.
They would make a sweet target to close out the current Shorts [me included].
Maybe a Stop run on the new Longs,
and away we go Long?
Cheers, U2
Wait, or you will be slaughtered!
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