Daily trend change — It takes quite some time to change a trend, check out the daily trendline changing today and notice the 50 SMA now reversed back up. 1726 has been resistance and support in the past, once we break and retest...1750 then ...

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

my take — After today when the EZ signed off on Greece's 6th bailout I am 100% bulllish. url Check out the daily Gold chart at the beginning of July when they received the 5th tranche of aid. Here are the technical facts: We are just ...

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

Some reading material for all. url url

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

exerpt from daily report — This is an exerpt from an emailed daily report that I receive: Why the Fed will Start QE3 The release of the Fed’s meeting minutes from their previous FOMC meeting on November 2nd show that “A few members indicated ...

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

LOL - no- why 'cause i referenced some descriptions? that was more for everyone else out there. glad you are confident now after your movie.

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

Thanks ST, I will keep my eyes peeled for your scenario. I appreciate the posts. Edit: additional note, take another look at my charts after reading the wave descriptions at the bottom of this webpage... url

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

You are right the more views = better. I am not sure which picture you were referring to about impulsive/corrective but in my first picture the price action shows a typical A,B,C,D move which would have just hit 'D' at 1677. we'll know real soon if ...

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

Here are a couple of other views of the Elliott wave cycle. The first one shows very recent activity on the 4hr which is almost textbook. The second shows a possible scenario on the daily. Everyone out there...It's up to your own interpretation, I ...

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

sorry Wheels, just to clarify...Did I miss some of BeMac's posts, did he call 1680?

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

i guess it was a good buy point.

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

sorry BP but now greek mythology is going to control the trend of the markets?

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

from my chart, end of 'C' was 1667. please show.

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

no sell, daily chart is oversold, price is very near 150 SMA, should be going back up in the near future. With the Super-Duper committee falling on their ass and US potentially downgraded again before the year's end... should be an interesting year ...

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

trouble may have been the wrong word to use... a drop below our last low could send us down some more, 1630 is not out of the question.

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

looks like pullback on new uptrend to me. may be a great buy right now- gonna be slow today though. If it drops past 1665, ... then gold may be in trouble.

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

price projections — I have emailed my price projections out to those who have contacted me via email. If anyone would like to have them, contact me thru PM or email [email protected].

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

I am with you on that sentiment. Looking for a drop down to 1680 now before taking off above 1700, maybe 1730ish.

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

150 SMA — not sure if anyone noticed but todays drop went right to the 150 MA and that has held pretty well in the past, see attached. We have confluence of the 61% fib at 1683 and the 150 SMA. (tan line is from Jan 2011- pink line is from Oct ...

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

I see the rising trendline just below 75% fib(from 1600-1800) which gives your 1640ish price but I don't really agree with the stock correlation. Do you really think in today's volatile markets that big time traders and banks are going to be so ...

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

[QUOTE=SunTrader;5149392][quote=Sreym33;5149285]Why does most everyone on this thread insist the only way to make money is going long. Market makers like any good trader play BOTH directions and if the small guys don't that is their loss.[/QUOT ...

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