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

  • #34,321
  • Jun 19, 2015 10:00am Jun 19, 2015 10:00am
Quoting Sober_Colm
{quote} At least be constructive.
So is posting a signal from a demo account 9 days after the fact constructive?
  • #34,322
  • Edited 1:15pm Jun 19, 2015 12:18pm | Edited 1:15pm
Gold 4h chart respecting upper Channel **bullish above 1200
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  • #34,323
  • Jun 19, 2015 12:20pm Jun 19, 2015 12:20pm
Quoting alayinizAMK
goldeuro looks maybe to be a better long than xauusd. Prices may go lower on both but im not going to bet much lower. {image}
After some weeks. Now this look ready, and i think both golddollar and goldeuro can gain serious support soon.
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  • #34,324
  • Jun 19, 2015 12:50pm Jun 19, 2015 12:50pm
I enjoy looking at all the fancy charts provided on this thread. I think sometimes we need to keep things simple and uncomplicate things. My view, and its a view that has been wrong before, is that we will see a short-term sell off in gold next week. I am very bearish gold in the near term,
and sadly, do not have a fancy chart to show, but that is the way I view things.
It's a big game.
  • #34,325
  • Jun 19, 2015 4:55pm Jun 19, 2015 4:55pm
Been trying to get long silver for weeks now. Upside potential is > than downside imo. Will try more longs off 16.00 next week.
  • #34,326
  • Edited 6:52am Jun 20, 2015 3:05am | Edited 6:52am
Quoting SunTrader
{quote} So is posting a signal from a demo account 9 days after the fact constructive?
More than your response was anyway.

Quoting RBlackburn
Been trying to get long silver for weeks now. Upside potential is > than downside
Agree here, I also think the upside potential is greater for the coming months given the turmoil in Europe & the blatant & obvious falseness of the recovery in the States. Looks like all the US indices are just grinding along at present allowing the bigger players sell at high prices before the market comes off & the retail crowd get slam dunked (though QE4 could change this). This is why I like XAG in the long term (what currency would you want to be long?) & around the 16 area is a decent place to get in imo. But who knows; have to try for some short term swinging trades too so also in at present to 16.60 & potentially 17.20.
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  • #34,327
  • Jun 21, 2015 5:48pm Jun 21, 2015 5:48pm
Quoting Sober_Colm
{quote} More than your response was anyway. {quote} Agree here, I also think the upside potential is greater for the coming months given the turmoil in Europe & the blatant & obvious falseness of the recovery in the States. Looks like all the US indices are just grinding along at present allowing the bigger players sell at high prices before the market comes off & the retail crowd get slam dunked (though QE4 could change this). This is why I like XAG in the long term (what currency would you want to be long?) & around the 16 area is a decent place...


I'm just long against usd... for reasons you've already mentioned.
Also i like this triangle on the weekly. Looking to play the long game and scale in all the way up to 18 and hold.
Your swing ideas look good..
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  • #34,328
  • Edited Jun 22, 2015 12:19am Jun 21, 2015 10:22pm | Edited Jun 22, 2015 12:19am
maybe good BO buy above 16.15

breakng up
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  • #34,329
  • Jun 22, 2015 3:14am Jun 22, 2015 3:14am
Gold is trading lower today... a lot of events scheduled for today!
  • #34,330
  • Jun 22, 2015 5:21am Jun 22, 2015 5:21am
My opinion (sorry if it "rains on anyone's parade") is as it has been for awhile now (4 years lol) that the long term lows in Gold still have yet to be made.

If anyone doubts that I have had this opinion this long - it is all here in this topic since Feb '11. And note I've outlasted just about everyone including the OP which might tell you something - well besides that I don't ever shy away from giving an opinion good or bad.
  • #34,331
  • Jun 22, 2015 5:42am Jun 22, 2015 5:42am
From my view as longtherm investor mostly physical! In both XAG / XAU.
USD is another thing than EUR - when you look at an XAU/EUR chart you´ll see that it isn´t far away from the ATH and we don´t need a higher high on the USD to see a new high in EUR.

Ratio is relativ high - when you compare ratio highs / lows with a price chart youll see the correlation.
Really i would LOVE to see a true fast drop in silver at 10$ or 13€ an ounce, Gold at 800€ an ounce i have several thousends of euros just for this event!

and for the paper trades technicals long as short... ofc
just do it
  • #34,332
  • Jun 22, 2015 5:44am Jun 22, 2015 5:44am
Quoting SunTrader
My opinion (sorry if it "rains on anyone's parade") is as it has been for awhile now (4 years lol) that the long term lows in Gold still have yet to be made. If anyone doubts that I have had this opinion this long - it is all here in this topic since Feb '11. And note I've outlasted just about everyone including the OP which might tell you something - well besides that I don't ever shy away from giving an opinion good or bad.
well if you look at 200 day SMA, price just got resisted by the SMA, I guess another short term (or long term) down is coming
  • #34,333
  • Jun 22, 2015 6:17am Jun 22, 2015 6:17am
Quoting grandia
{quote} well if you look at 200 day SMA, price just got resisted by the SMA, I guess another short term (or long term) down is coming
Could be. Have to take your word. I almost never look at MA's.

But when I do I look at practical ones (for me anyway) such as daily 21 (= month) weekly 13 (= quarterly), monthly 12 (= yearly) and only in relation to trend and NEVER whether price turns at it or not. It is a line and nothing more. If price turns near it, it is purely coincidental.
  • #34,334
  • Jun 22, 2015 6:23am Jun 22, 2015 6:23am
Minor wave 3, oh boy!
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  • #34,335
  • Jun 22, 2015 6:26am Jun 22, 2015 6:26am
Quoting SunTrader
Minor wave 3, oh boy! {image}
at least we agree it's in a down trend.. and oh boy look it's going down
  • #34,336
  • Jun 22, 2015 6:37am Jun 22, 2015 6:37am
Quoting grandia
{quote} at least we agree it's in a down trend.. and oh boy look it's going down
This is sideways (coiling) at best, at least thats how it looks on the higher time frames.

This is a pretty horrible product to trade now, its slow, grindy and vol is very low. Well I suppose the CTAs have given up on commodities...
"Where you want to be is always in control, never wishing, always trading.
  • #34,337
  • Jun 22, 2015 6:40am Jun 22, 2015 6:40am
Might be beginning stages of a move. Already 2.5 times Friday's range and tomorrow Tuesday are typically the big move day.
  • #34,338
  • Jun 22, 2015 6:45am Jun 22, 2015 6:45am
I believe I am ready for a long up trend! seems to be diving and diving, that shute should burst open anytime now....
  • #34,339
  • Jun 22, 2015 6:56am Jun 22, 2015 6:56am
Today it is a battle between Silver Bulls and Gold Bears.

Silver made a new daily high right after gold made a new daily low.

Silver moves for awhile have been dictated by what equities are doing. Futures are up so Silver is up.

But IMO it is only a matter of time before it will resume downtrend if gold keeps pushing down like I expect.
  • #34,340
  • Jun 22, 2015 7:30am Jun 22, 2015 7:30am
Hey traders. Hope you're doing well.

Sorry for an off topic but can someone advice me an MT4 broker with longer chart history of precious metals (gold, silver, platinum, palladium)?

Thanks in advance!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
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