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

  • #12,161
  • Oct 18, 2011 8:45am Oct 18, 2011 8:45am
Hi all, my view is bullish if H1 candle closes above 31.32 level. Please see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-18-2011 11-43-36 PM silver bullish.png Size: 30 KB
  • #12,162
  • Oct 18, 2011 8:46am Oct 18, 2011 8:46am
Quoting Doncex
not yet,patiency fellas
I was hoping for a drop up until Bernanke's announcement - and then a nice chance to buy in.

The bounce from the bottom of the channel already started, so if Benny is hawkish, we may in fact break below the bullish channel and be back in bearish territory.

Either way - staying out before Bernanke's announcement.

I may need to stay out until November depending on whether we see some consistent direction after the announcement.
  • #12,163
  • Oct 18, 2011 10:01am Oct 18, 2011 10:01am
Had some pretty strong movement in the last hour or so.. Not sure why but I don't trust it..
Anything can happen.
  • #12,164
  • Oct 18, 2011 10:08am Oct 18, 2011 10:08am
Quoting ddinnov
Had some pretty strong movement in the last hour or so.. Not sure why but I don't trust it..
Follow the money, Euro and Equities especially here in US.
  • #12,165
  • Oct 18, 2011 10:09am Oct 18, 2011 10:09am
Quoting ddinnov
Had some pretty strong movement in the last hour or so.. Not sure why but I don't trust it..
I have a good reason - I have seen the price spike taunting people to jump on board the long train just after Ber-spanky makes an announcement, then all of a sudden price starts dropping.

Best to wait and see. Maybe wait a half hour, as others have suggested in the past.
  • #12,166
  • Oct 18, 2011 10:12am Oct 18, 2011 10:12am
waiting for long wave gold

three,four candles must be down
Attached Image (click to enlarge)
Click to Enlarge Name: waiting gold long wave.gif Size: 20 KB
  • #12,167
  • Oct 18, 2011 10:12am Oct 18, 2011 10:12am
http://www.c-span.org/Events/Bernank...s/10737424856/

Bernanke is speaking now
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #12,168
  • Oct 18, 2011 10:44am Oct 18, 2011 10:44am
Very intellectual overview of the crisis, but nothing significant said with respect to policy IMHO. Intentionally obscure about what the next policy decision will be, but definitely an effort made to counter those downplaying the Fed toolbox.

Looking like the range remains.

The channel wasn't broken, so I don't see a reason why we would return to bear country.

Anyone have any insight? I will leave it to TA experts.

Pondering a buy here.
  • #12,169
  • Oct 18, 2011 10:55am Oct 18, 2011 10:55am
It might be too early for me to say this, but from the PA, it looks like silver is ready to go upwards. Please see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-19-2011 1-54-21 AM.png Size: 15 KB
  • #12,170
  • Oct 18, 2011 11:04am Oct 18, 2011 11:04am
Looks like could range more, downmove quite strongly rejected off the 23.6 fib ret (see volume spike), although the ascending triangle is now broken.

Could see a retest of the trendline/38.2 fib ret or down from here for another go at the 23.6...

*EDIT* - Forgot to mention that on the way up the dreaded 1660/1665 is in the way...
Attached Image (click to enlarge)
Click to Enlarge Name: gold4h.gif Size: 21 KB
Anything can happen.
  • #12,171
  • Oct 18, 2011 11:06am Oct 18, 2011 11:06am
Quoting hareanone
It might be too early for me to say this, but from the PA, it looks like silver is ready to go upwards. Please see attached.
You say this by only looking at M1 chart?
  • #12,172
  • Oct 18, 2011 11:59am Oct 18, 2011 11:59am
Does any one have an indicator that shows the percentage that gold has fallen from the last close/ or the record high e.g -10% please upload...
  • #12,173
  • Oct 18, 2011 12:22pm Oct 18, 2011 12:22pm
The line under workout...

The whole picture doesnt fit my screen, but you can draw it
at your desk.


PS The red line on daily is to fall.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au daily.gif Size: 29 KB
Click to Enlarge Name: au weekly.gif Size: 18 KB
  • #12,174
  • Oct 18, 2011 12:25pm Oct 18, 2011 12:25pm
Quoting hermanforex
Does any one have an indicator that shows the percentage that gold has fallen from the last close/ or the record high e.g -10% please upload...
here is one, shows in pips not percentage, whatever..
Attached File(s)
File Type: mq4 DailyData.mq4   8 KB | 489 downloads
Old Habits Die Hard.
  • #12,175
  • Oct 18, 2011 12:47pm Oct 18, 2011 12:47pm
Quoting Shaggy_rock
here is one, shows in pips not percentage, whatever..
Thanks it shows the amount of pips from a recent high. I dont think you can set it that it shows the amount it dropped from the all time high. thats actually what im looking for. I want to buy the dips and buy on e.g 5% dips and 10% dips or whatever. Does any one else have a indicator like this?
  • #12,176
  • Oct 18, 2011 5:09pm Oct 18, 2011 5:09pm
For those who were waiting for some market moving news from Bernanke, that hasn't happened in months.

Europe holds the economic community's attention these days and word that France and Germany had agreed to increase the bailout rescue fund sent equities and the euro and gold etc higher.

So the focus is over there, not here.

Oh and then late today Apple's earnings weren't quite as much as estimates projected so futures - right now - are saying tomorrow might head back down.
  • #12,177
  • Oct 18, 2011 7:29pm Oct 18, 2011 7:29pm
Quoting Doncex
comment in picture,huge support level area 1630.08
that 1630 area is lining up with my weekly trend guide 1634 and the bounce back up is noted.
Same with silver as she tested her weekly trend guide also @ $30.57 and her bounce back up to daily trendguide 32.00.
  • #12,178
  • Edited 8:07pm Oct 18, 2011 7:33pm | Edited 8:07pm
with yearly breakout retested at 1551 and last week monday we moved up out of quarterly trend guide 1617 we have
a battle between monthly pivot 1674 and quarterly pivot 1617.
So we take it a day at a time.
Although the daily trend was down yesterday as we took the daily pivot south we tested both gold and silvers weekly trendguide 1634 and 30.57, they both said to go north.
wed.
gold daily
1693
1659
1625
silver daily
33.15
31.79
30.43
ok both at your pivots where to now?
  • #12,179
  • Oct 18, 2011 9:34pm Oct 18, 2011 9:34pm
Hi,

I need decent advice on my investment plan

I'm already -1K$ and yesterday my account wiped completely
I'm only 3 month old in this trading and after analysing my 3 months, I find the main reason behind my loss is greediness.

now i'm planning to top op my account with 500$ and buy 0.02 lot, sell stop @1580-1600 of Gold and keep it for 1,2 months.
since I can't give enough time for leanings and tracking movement daily

please advice
  • #12,180
  • Oct 18, 2011 10:34pm Oct 18, 2011 10:34pm
Quoting hermanforex
Thanks it shows the amount of pips from a recent high. I dont think you can set it that it shows the amount it dropped from the all time high. thats actually what im looking for. I want to buy the dips and buy on e.g 5% dips and 10% dips or whatever. Does any one else have a indicator like this?
do you mean something like this?
http://cdn-u.kaskus.us/61/f5hksman.png
it calculate change from USD (so USD will always 0%o --- in permil)


download: http://www.mediafire.com/?l9lbkfclk4kf5fo

source: http://www.kaskus.us/showpost.php?p=...08&postcount=9
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