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Ssm replied Jan 18, 2014Daily candle closed above 1250, however, still capped by weekly high at 1255. I will be excited if we have at least a day candle close above the last weekly high. At least I am convinced that we have broken out of the range.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 17, 2014IMO, 1250 is still heavily defended by the bears. Just look at the numbers of rejection at that level. PS: Not vested, staying out as I am unsure of the trend at the moment.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 15, 2014Is this for real?
China to build high-speed rail to Singapore, via Laos url AUD/USD
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Ssm replied Jan 14, 2014Round number .9 is still an important level, any levels below this, we are still in bears territory.
AUD/USD
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Ssm replied Jan 14, 2014This pair looks weak after failure to be supported by round number .9 We are still in bears territory.
AUD/USD
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Ssm replied Jan 14, 2014Because the overall trend in the Daily chart is still down, as such it is met with several resistance above. Any price higher is an opportunity for the bears to short it down. Bulls are not out of the woods yet until we have a daily close above ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 13, 2014Gold maybe, because perhaps the Chinese are busy buying physical Gold traditionally for the Chinese New Year, which is around the corner. But just curious why Silver is good till Feb?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 13, 2014Wrote the above last week, although now 1248 is breached for a moment, yet H1 or H4 candle cannot close above this level. My view remains, only a break and close (at least H1) above 1248 would be bullish.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 10, 2014Thats only my view. I may be wrong too. Nevertheless, I am looking at at least a H1 candle close above .9 to be on a bullish trend, otherwise will be deemed as merely retracement.
AUD/USD
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Ssm replied Jan 10, 2014I am actually looking for at least a H1 or higher candle close to be on the conservative side.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 10, 2014Despite the rally, Gold could not breach 1245. IMO, only a break above 1248 will be bullish. PS: Not vested at the moment.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 10, 2014Look at the length of the tail in H1 or H4 which AUDUSD has created. Compared it with EURUSD or GBPUSD. Its a fact that any slight rallies are immediately met with excited bears. Bulls do not have a chance to take a breather here.
AUD/USD
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Ssm replied Jan 9, 2014Narrower trade surplus due to larger imports should be positive for AUD. But yet AUDUSD seems to be capped. Not good for bulls IMO.
AUD/USD
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Ssm replied Jan 9, 2014Bloomberg News Overseas shipments rose 4.3 percent from a year earlier, the General Administration of Customs said today in Beijing. That compares with the median estimate for 5 percent growth from 39 economists surveyed by Bloomberg News. Imports ...
AUD/USD
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Ssm replied Jan 9, 2014IMO, unless .9 is broken, otherwise bearish view towards .85 will continue.
AUD/USD
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Ssm replied Jan 9, 2014Doesn't matter, as long as they buy up or the iron ore in OZ so that we can profit from it here.
AUD/USD
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Ssm replied Jan 9, 2014Unless 1247 is breached. At the moment, it appears that any slight rally are being sold down.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Jan 8, 2014This is how I am reading the article. A weaker currency are driving away investors. That means its people will suffer with no jobs. ie. AudUsd will remain low for a long period of time.
AUD/USD
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Ssm replied Jan 7, 2014Situation doesn't looks good for the bulls. Especially we broke below 1235 (important Fib line).
XAU/USD & XAG/USD - Gold & Silver Traders Thread