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

  • #14,861
  • Dec 29, 2011 6:20am Dec 29, 2011 6:20am
Next is 1478

http://i.imgur.com/M7NSU.png
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  • #14,862
  • Dec 29, 2011 6:28am Dec 29, 2011 6:28am
Quoting leandar_
Next is 1478

http://i.imgur.com/M7NSU.png
Such a lovely painting
  • #14,863
  • Dec 29, 2011 6:28am Dec 29, 2011 6:28am
Quoting forexfacts
I have been waiting for the 1400s for a long time now although i made my 2 buys at 1500+ and 1700+ but am holding them, i have to do my last buy in the 1400s.

If 1410 or 1425 don't hold then there are no limits, 1400s is the time to get in from an outside investor's point of view, don't know about the major players!

And yes the market is still bull, it still has juice in it in my humble opinion.
If i know it right 1424 was start of 2011.So its the point when gold is non-profitable for one year.So its bad
But 1424 will not be hit this year.Maybe next year it will continue south to 1400 maybe 1300 then It will be RIDE to 2000 and more.MAybe 2400.Only my opinion
1508 when broken=2year trend like break
Trendline from Jan 2010.
  • #14,864
  • Dec 29, 2011 6:37am Dec 29, 2011 6:37am
if you fib from 1380 to 1923 you will see that we are almost at 75% pullback. I believe that this is an important fib range because it highlights a lot of major support levels. 1587, 1650,1715, 1794. current support at the 75% level is 1515.
  • #14,865
  • Dec 29, 2011 6:44am Dec 29, 2011 6:44am
Quote
If i know it right 1424 was start of 2011.So its the point when gold is non-profitable for one year.So its bad
But 1424 will not be hit this year.Maybe next year it will continue south to 1400 maybe 1300 then It will be RIDE to 2000 and more.MAybe 2400.Only my opinion

Agree with you
  • #14,866
  • Dec 29, 2011 6:47am Dec 29, 2011 6:47am
Quoting Sreym33
if you fib from 1380 to 1923 you will see that we are almost at 75% pullback. I believe that this is an important fib range because it highlights a lot of major support levels. 1587, 1650,1715, 1794. current support at the 75% level is 1515.
I agree with you.

From my point of view it has to bounce back from the 1400s, i am not a trader rather an investor, so i can be wrong because metals, like stocks, act in a different manner.

But 1400 attracts me a lot
  • #14,867
  • Dec 29, 2011 6:52am Dec 29, 2011 6:52am
Did anybody notice, Silver is at 1 year low !
  • #14,868
  • Dec 29, 2011 7:33am Dec 29, 2011 7:33am
Quoting forexfacts
Did anybody notice, Silver is at 1 year low !
..

Yup..silver at one year low!..silver fall like a bitch!...grrrrrr...
  • #14,869
  • Dec 29, 2011 8:17am Dec 29, 2011 8:17am
Quoting forexfacts

now i am waiting for 1410 maybe 1425, 1440 or even 1450.
care to share on what u base it on ...?

ths.
  • #14,870
  • Dec 29, 2011 8:43am Dec 29, 2011 8:43am
Quoting TheArcher
care to share on what u base it on ...?

ths.

The figures them self only
  • #14,871
  • Dec 29, 2011 9:18am Dec 29, 2011 9:18am
NEW YORK (MarketWatch) -- U.S. stocks opened higher Thursday, recovering some of the prior day’s losses, after Italian borrowing costs fell at a government debt auction....

http://www.marketwatch.com/story/us-...me_latest_news


Holding onto the Long at 1527 at the moment. H4 shows stos crossover at 12. Seeing stocks rise modestly and AUD, NZD both above the 18DMA
I have no enemy; I make Incautiousness my Enemy.
  • #14,872
  • Dec 29, 2011 10:19am Dec 29, 2011 10:19am
may silver correct more?

do u see any level in future below $ 26-24.90 ???

is this impact of only base metal or any other reason?
Shri Ram
  • #14,873
  • Dec 29, 2011 10:52am Dec 29, 2011 10:52am
Quoting giantgroup
Hello friends, I see no reason to long gold on account of yesterday's spike. Yesterday's candle was actually a doji and, please notice the point of that doji formation....... the 200SMA.
I think that the most probable direction in the interim will be south with a likelyhood of approaching the recent lows of 1550ish. Could go further down seeing the price action is now fairly below the 200SMA.
Man, this shows how effective chart reading is, specially when one has no idea of where the market is heading to.

What do your charts say about the coming days ? any figures ?
  • #14,874
  • Dec 29, 2011 3:09pm Dec 29, 2011 3:09pm
Quoting forexfacts
Quote
Originally Posted by giantgroup
Hello friends, I see no reason to long gold on account of yesterday's spike. Yesterday's candle was actually a doji and, please notice the point of that doji formation....... the 200SMA.
I think that the most probable direction in the interim will be south with a likelyhood of approaching the recent lows of 1550ish. Could go further down seeing the price action is now fairly below the 200SMA.
Man, this shows how effective chart reading is, specially when one has no idea of where the market is heading to.
What's wrong with giantgroup's analysis? Dec-22 when price was ~1610 he predicted 1550 and lower.
Price has reached low of 1523 and now is 1546.
  • #14,875
  • Dec 29, 2011 3:15pm Dec 29, 2011 3:15pm

oh any one noticed its 1000 page or this thread.


and its mine view on silver
http://content.screencast.com/users/...12-29_2018.png

http://content.screencast.com/users/...12-29_2019.png
  • #14,876
  • Dec 29, 2011 5:17pm Dec 29, 2011 5:17pm
Any backing reason on your massive downward drop call and chart or is it just one of those "that's what I think"?

Fundamental?
Sure ain't technical....



Quoting rajivzzz

oh any one noticed its 1000 page or this thread.


and its mine view on silver
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,877
  • Dec 29, 2011 5:24pm Dec 29, 2011 5:24pm
Great analysis.

I have noticed as well that she is testing (and will post chart to follow up) my dip line of the weekly channel.

Now, in pure technical speaking I would "accept" a breach below due to the massive break above that we had when she propelled from 1600 to 1925.

It's almost like the dip in AUD yesterday. The range has been so tight, then it opens up with a new weekly High and a new 100 pip south low.

If she did/does break the channel and fails to regain supported access we may see further action south.

Yet I attribute most of this decline to all the losing trades out there this year and GOLD being the clear leader, thus, houses, JPM,citi, goldman, large cap and small cap, take profits..... to square up their clients books for end of year profit.

these are getting near bargain prices. 1500 (100) of it seems to be a buffer zone and I will never peg gold to a trendline permanently as she works better with horizontal support and resistance areas over the long term.

So.. How's everyone doing????

an early Happy New Year to you all!
Quoting lilpip
Looking at the weekly charts this is the 3rd attempt to trade south of yearly breakout 1551 area and as of yet their has been no weekly or even a daily close below. However, she certainly wasting no time for the yearly timeframe dynamics to move as she sits in the area.
Just as she sat @ 1588 and waited on the tue. daily timeframe dynamics to move ahead to wed. before she dropped below, it may be the same on the yearly timeframe. My eyes are open to a daily close below 1551 and a follow up confirming day to verify more downside.
this area of 1551...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,878
  • Dec 29, 2011 5:27pm Dec 29, 2011 5:27pm
1534 serving as nice support on the H4. I may buy here.

My longs from yesterday on AUD and NZD after the crash did prove fruitful today.....
Gold I got stopped out on my scalp with a small loss...

Better entry here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,879
  • Dec 29, 2011 6:15pm Dec 29, 2011 6:15pm
So we have 1000 pages?

I have my forum set to show more posts per page than the default so I show
500.

Any one else have default?

Congrats to us!

Keep up the work contributors! Also keep an eye out for deals on physical gold and silver.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,880
  • Edited 6:49pm Dec 29, 2011 6:33pm | Edited 6:49pm
D1 shows pinbar so I'm anticipating upward movement today. Pinbars have been quite accurate so ignore them at your peril (as I did on the 21st). I guess it's possible the week could close within the weekly channel. RSI on H1 looks bullish. Of course none of the technicals matter if the cartel continues it's shenanigans, especially with the thin volume. First hurdle will be 1552ish (H1).

Long 1535.86
SL: 1522.72
TP: wait and see

Silver tested 26, which was instantly rejected back in September. Reaction this time wasn't as violent but was rejected convincingly. D1 pivot is 30 (starting from end of September), if it gets past this will re-enter. As for downwards movement there isn't much to hold it up if it breaks through 26. There's a pivot at 25, minor support at 22.8 and then nothing to hold it up until about 20.

The whole MFing global thing has scared away many buyers and who can blame them. Lot of talk about a disconnect of the physical from the paper price. No idea what that will look like, what will determine the price then?

Was scalping most of last night (aussie time) without much success. Not much luck with lower TF :s

Bit tired, how are you XTrade? Big plans for NYE?

Congrats on 1000 pages, more post per page will be very helpful Thanks to all the contributors and here's to everyone having an incredible 2012!! Keep stacking!!
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