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

  • #15,821
  • Jan 26, 2012 10:58pm Jan 26, 2012 10:58pm
Quoting bumapatria
1690 to either fill it or act as sup/dem level.
Bias is up from same area 1690-98.
fri.
1741
1698
1653
  • #15,822
  • Jan 26, 2012 11:06pm Jan 26, 2012 11:06pm
if we talk about cycles again since the perigee was one with the upmove the 30th of jan the apogee again - maybe a downmove.

just heads up tho..


off to friday prayers be back later peeps
Have I got something on my face, SOLDIER?
  • #15,823
  • Jan 27, 2012 3:43am Jan 27, 2012 3:43am
Hi everyone, have just taken a long position from 1,721.00 SL 1,712.00 TP 1,732.00
Attached Image (click to enlarge)
Click to Enlarge Name: Gold27jan12.png Size: 57 KB
  • #15,824
  • Jan 27, 2012 3:45am Jan 27, 2012 3:45am
good luck
Quoting fuse
Hi everyone, have just taken a long position from 1,721.00 SL 1,712.00 TP 1,732.00
  • #15,825
  • Jan 27, 2012 11:58am Jan 27, 2012 11:58am
Quoting fuse
Hi everyone, have just taken a long position from 1,721.00 SL 1,712.00 TP 1,732.00
well done you!
  • #15,826
  • Jan 27, 2012 12:06pm Jan 27, 2012 12:06pm
Looks like a bull flag, far from perfect on the H4 chart.

If anything the break so far looks to be north.

Price is not letting up that is certain, Otherwise you would have seen profit taking First thing Between 8:00 AM and 10:00 AM

Poor US news certainly helped.

Quoting bumapatria
hourly movement pushed down by sellers gold looks to be making a flag in which would break south and not north. maybe a fake

ice on gold is around 1700. that broken would give clear way to reach the wide bars of fomc moves at 1690 to either fill it or act as sup/dem level.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,827
  • Jan 27, 2012 12:08pm Jan 27, 2012 12:08pm
SILVER has managed to print a price above 33.50 resistance currently trading around 33.78

A close above this area or in the 34s would be superb.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,828
  • Jan 27, 2012 12:17pm Jan 27, 2012 12:17pm
Quoting XTrade
Looks like a bull flag, far from perfect on the H4 chart.

If anything the break so far looks to be north.

Price is not letting up that is certain, Otherwise you would have seen profit taking First thing Between 8:00 AM and 10:00 AM

Poor US news certainly helped.
helped me on the dow
Attached Image (click to enlarge)
Click to Enlarge Name: 157 up.gif Size: 32 KB

i guess if im holding this for maybe a month till feb end and with the nice neg. correlation with gold and silver - and if i reach my targets u would be able to reach urs.
Have I got something on my face, SOLDIER?
  • #15,829
  • Jan 27, 2012 12:31pm Jan 27, 2012 12:31pm
Euro seems relentless to push higher.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,830
  • Jan 27, 2012 1:10pm Jan 27, 2012 1:10pm
Quoting TheArcher
26jan12
Try adding some of the prevailing channel on those charts and see / or uptrend lines, you will see it is a correction of a larger trend,

then you will see the conflict

rise > break > and breakout of top Downward TL
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,831
  • Jan 27, 2012 2:11pm Jan 27, 2012 2:11pm
What you need to understand about manipulation is this.

Yes, many large funds, banks, central banks large cap traders (really large)
Warren Buffet,

can push the market around at low volume times, physical manipulation via paper is another sort of story, which adds up to having too much open interest on paper, naked shorts, etc. to cover the "supposed" amount of available gold in said ETF or market such as COMEX.

THe point I'm getting at is while they can manipulate or push the market and squeeze out some to maybe get a better price etc.

For Many of the aforementioned banks etc,GOLD has been one of the most profitable trades for them and their clients for many of the past years and quarters.

So while
Quoting forexfacts
Thanks for the explanation X Brother

But man we should never forget the manipulators, like us they also love to pick bottoms, those bottoms are way lower than our targeted bottoms, so..... i dont know.

The question Big players must be asking themselves: Is it a good price to accumulate more?

Early 1700s is a good price, should go close to 1800 before a fall, i dont know really, it seems too risky to me at the moment.

But at the end of the day it is the Experience that counts, you are in this business for a long time, i have just...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,832
  • Jan 27, 2012 4:43pm Jan 27, 2012 4:43pm
This is EXACTLY what I wanted to see besides a few cents which doesn't matter.

see post below for reference to silver close.

Quoting XTrade
SILVER has managed to print a price above 33.50 resistance currently trading around 33.78

A close above this area or in the 34s would be superb.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,833
  • Jan 27, 2012 9:15pm Jan 27, 2012 9:15pm
Very happy with Gold close as well.

Not the most "technically beautiful or perfect" flag, but I suppose one could view it like this.

The break off the triangle turns into bull flag "potentially."

Although the triangle target is far superior it will be interesting if this pans out and breaks the green resistance line.

And no the yellow line is not a predicted version of a straight up move rather the projected price point.

Completion would further validate the triangle break and continued bullish momentum.



2 views
H4
Daily
Techs from weekly

Quoting XTrade
This is EXACTLY what I wanted to see besides a few cents which doesn't matter.

see post below for reference to silver close.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold channel break forms bull flag.GIF Size: 27 KB
Click to Enlarge Name: Gold channel break forms bull flag daily.GIF Size: 45 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,834
  • Edited 10:00pm Jan 27, 2012 9:31pm | Edited 10:00pm
In my view this was an important close technically for silver.
I have one position that can be seen on the bottom, due to the drastic difference in margin I can trade far more lots of AG than AU, why I tend to scale into AU and just buy a position on silver.

In any case, we did close above the yellow line I marked resistance at
33.50 / 33.60

Now even though on the daily it's only a small pop,
look at the H4 closeup and the HUGE volume spikes.

Not to mention this was a necessary resistance to break.

ALSO SEE THE REAL NON FX BROKER SPOT PRICES I POSTED
THE ASK IS ABOVE 34.00 Not bashing FX brokers at all here just the market doesn't close at 4pm for spot gold.

Please excuse the sloppy chart, it/s what I have up.....
Enjoy,
X

P.S. I FOUND in my change bucket my first ever US silver quarter, not that I don't own any, just never got one in my change.
Silver value pre 64' quarter 1 qty = Total silver value is $6.13
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver daily 27 th close.GIF Size: 37 KB
Click to Enlarge Name: Silver 27 close closeup.GIF Size: 24 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,835
  • Jan 27, 2012 9:41pm Jan 27, 2012 9:41pm
Last pics to sum up the week,

Here is one weekly channel closeup to show the break of the SYM T.

AND

One a bit less blown up.

Had you bought in anticipation of the break and held all week long your position would be appx an 80+ USD move.

I gave the signal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold weekly chan 1 27 12 clsup.GIF Size: 37 KB
Click to Enlarge Name: Gold weekly chan 1 27 12.GIF Size: 36 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,836
  • Jan 28, 2012 3:36am Jan 28, 2012 3:36am
X man, so the symmetrical Triangle is pointing to 1890 ?
  • #15,837
  • Jan 28, 2012 5:06am Jan 28, 2012 5:06am
Thank you X Trade, your posts are always very helpful!
  • #15,838
  • Jan 28, 2012 9:44am Jan 28, 2012 9:44am
Quoting forexfacts
X man, so the symmetrical Triangle is pointing to 1890 ?
The Symmetrical triangle presents two possibilities.

A. The technical target, which is in the zone of 2100 give or take 50 bucks
B. The continued reversal in price.

I explained it a page or two back.

Here is the according chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 5 month Traingle bull break explained.GIF Size: 40 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,839
  • Jan 28, 2012 9:46am Jan 28, 2012 9:46am
Good to know!
You are welcome,

X


Quoting fibbonix
Thank you X Trade, your posts are always very helpful!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,840
  • Jan 28, 2012 10:14am Jan 28, 2012 10:14am
Quoting XTrade
The Symmetrical triangle presents two possibilities.

A. The technical target, which is in the zone of 2100 give or take 50 bucks
B. The continued reversal in price.

I explained it a page or two back.

Here is the according chart.
Your option B says "Continued reversal in price" but gold is on the rise so does that mean no fall from here, only Up?

And about your previous post on symmetrical triangle, it takes a lot of time for me to understand because
No.1: Technical terms
No.2: English, i can write to others ok English but to understand others is a bit difficult i have to read it again and again

Thank You for your efforts man, you are very helpful

FF
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