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

  • #15,381
  • Jan 16, 2012 10:37pm Jan 16, 2012 10:37pm
Quoting wisdomxy
Hi dudes can't see XAU/USD on Hotforex,the MT4 is not opening, are they on Holiday too,though i'm aware they are based in Mauritius.
here u go.

no unless ALL banks are on holiday they should be quoting
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,382
  • Jan 17, 2012 1:44am Jan 17, 2012 1:44am
1680 here we come!!
  • #15,383
  • Jan 17, 2012 2:11am Jan 17, 2012 2:11am
Ideally gold should move up into the 1700s, then fall into the 1400s before rising close to $2000, lets see.
But market these days is over-cautious so it may take some time.
  • #15,384
  • Jan 17, 2012 2:12am Jan 17, 2012 2:12am
and London slams it down, right on cue
  • #15,385
  • Jan 17, 2012 5:30am Jan 17, 2012 5:30am
and now we have a nice triangle pattern on M5

...and nice potentian target
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  • #15,386
  • Edited 6:19am Jan 17, 2012 6:03am | Edited 6:19am
Nice Asian/ London session for Kiwi and Aud.

Mostly on CNY news,

I didn't see london slam gold down at all.?

we are breaking the triangle on the weekly and up 20 bucks from open.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,387
  • Jan 17, 2012 6:09am Jan 17, 2012 6:09am
Quoting XTrade
we are breaking the triangle on the weekly and up 20 bucks from open.
How do you see that we breaking that triange? I think we break it if weekly close above 1700. But surely in the next week we make a correction down.
  • #15,388
  • Jan 17, 2012 6:26am Jan 17, 2012 6:26am
at widest the triangle is 400 usd.

thus, 1664 + 400 = 2064 Price point for gold.

That would be well on target for first quarter predictions of 2000.

Keep an eye on this one it could be huge.

I would buy dips. My two gold pennies......

Already long.

Luck to u.

X
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,389
  • Jan 17, 2012 6:31am Jan 17, 2012 6:31am
Be careful.

I don't yet see a confirmed breakout. Something is definitely brewing...
  • #15,390
  • Jan 17, 2012 6:35am Jan 17, 2012 6:35am
of?

to me it's fine I am already clear 100 usd.

If you have read this thread you should know the amount of times this pattern has presented itself on the gold chart and they have broken bullish.

I stand behind my call.

Bears had their chance and failed at the channel bottom.

Look this is trading anything can happen all I have is my conviction , ,,view and insight to offer.

X
Quoting Knight Rider
Be careful.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,391
  • Jan 17, 2012 6:36am Jan 17, 2012 6:36am
Not to mention the bigger and the longer the time frame the more explosive and reliable the pattern.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,392
  • Jan 17, 2012 6:38am Jan 17, 2012 6:38am
thought i might share this guys
today might be the best day for any of you gold bears to go selling. 14 day stochastic is overbought and 50 day MA and old support level at 1667 can possibly become resisance. Daily bearish trendline is also going to be hit on third time. a trend is confirmed after 3+ TL hits usually. As for apogees and perigees - gold has been moving with harmony with it and today we have a perigee. price rising towards it - more likely to fall. 5 hours to go short is recommended. Weekly R1 pivot is where we are at now as well. Target is best at support at 1540. Recommended R/r is SL at 1681 - 189 pips from now. TP at 1540 is 1145 pips. applied r/r is 2:10. Another TP maneuver would be to TP when the 14 day stochastic value reaches oversold.
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sorry if i sound like some signal service - just sharing my trade and explanation.


next apogee is at the end of month which is 30th of january. we might drop till then.
if we do - yahoo for me!
Have I got something on my face, SOLDIER?
  • #15,393
  • Jan 17, 2012 6:38am Jan 17, 2012 6:38am
Nothing is confirmed until it's 100 usd higher, that's why I try to use TA to predict and give entries.

I stand again by my call buy dips.

I am already long as shown in posted chart at the time I saw fit.

Quoting Knight Rider
Be careful.

I don't yet see a confirmed breakout. Something is definitely brewing...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,394
  • Jan 17, 2012 6:41am Jan 17, 2012 6:41am
Thanks and good analysis. If you are correct, it will offer up the perfect time to buy.

I agree, usually the US session is buying dollars. and the London boyz! are buying foreign.

I am a dollar bear until things turn.

My most traded pairs are AUD/U NZD/U and Gold.

Quoting bumapatria
thought i might share this guys
today might be the best day for any of you gold bears to go selling. 14 day stochastic is overbought and 50 day MA and old support level at 1667 can possibly become resisance. Daily bearish trendline is also going to be hit on third time. a trend is confirmed after 3+ TL hits usually. As for apogees and perigees - gold has been moving with harmony with it and today we have a perigee. price rising towards it - more likely to fall. 5 hours to go short is recommended. Weekly R1 pivot is where we are at now as well....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,395
  • Jan 17, 2012 6:41am Jan 17, 2012 6:41am
i know knightrider is a bear for short term..

any other gold bears caring to share opinions? (or hiding them.... )
Have I got something on my face, SOLDIER?
  • #15,396
  • Jan 17, 2012 6:43am Jan 17, 2012 6:43am
Yet B,

If you want to learn GOLD trading a lot of it is let's say, stick and move mixed with fear.

Indicators lag and only show that lagging part of the price.

Gold is very emotional. Yet you need to eliminate the emotion.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,397
  • Jan 17, 2012 6:45am Jan 17, 2012 6:45am
...not being critical. I just don't "see" a confirmed breakout yet. It's close, but I'm not convinced.

We should know in a few days, hey?

Best,

KR
  • #15,398
  • Jan 17, 2012 6:53am Jan 17, 2012 6:53am
Friend, I am not creating an argument with you. Simply giving those that share my conviction or let's say bias a possible jump on a huge move.

We all know the gold market is manipulated as most / all financial instruments.

Yet, what we can use as our "inside info" is TA and this thread.

Like I said before, you can wait for the "confirmation" or take a risk, Trading is risk.
Quoting Knight Rider
...not being critical. I just don't "see" a confirmed breakout yet. It's close, but I'm not convinced.

We should know in a few days, hey?

Best,

KR
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,399
  • Jan 17, 2012 6:54am Jan 17, 2012 6:54am
Quoting XTrade
Yet B,

If you want to learn GOLD trading a lot of it is let's say, stick and move mixed with fear.

Indicators lag and only show that lagging part of the price.

Gold is very emotional. Yet you need to eliminate the emotion.
yes gold is emotional.. i felt it X. indicators are the least of my signals btw. just trying my best to trade price with time.. i sstill listened to your suggestion of sup/res and Ma's.

just asking ur trigger must be lower timeframes correct?

have u ever shorted gold?

its the kid asking again...

Have I got something on my face, SOLDIER?
  • #15,400
  • Jan 17, 2012 6:56am Jan 17, 2012 6:56am
I trade Long and am a bull due to the FACT that for the past 10+ years that is the prevailing trend.

There are always corrections.

We almost broke the channel bottom, but did not,.

If you are a bear post your views I don't care. THAT"S WHAT MAKES THE MARKET>!!!!!

Just because I started this thread does not mean you are not entitled to your bias.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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