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

  • #16,441
  • Feb 17, 2012 1:16am Feb 17, 2012 1:16am
hy xtrade.
wich pair you mean? nzd-usd?

steve

Quoting XTrade
Target longer term is to beat 8800....

FYI.

Look at weekly and monthly.
  • #16,442
  • Feb 17, 2012 1:21am Feb 17, 2012 1:21am
To me H4 chart looks like it wants to break trendline and continue up. It's bounced a couple of times off the 0.236 fib. I will wait though for a proper break and re-test of trend line. If there is no proper break I will think about going short for a few pips. See chart H4
Attached Image (click to enlarge)
Click to Enlarge Name: Goldnow.png Size: 47 KB
  • #16,443
  • Feb 17, 2012 1:38am Feb 17, 2012 1:38am
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Click to Enlarge Name: gold 1.gif Size: 15 KB


Hey
Can we say frm the above chart tht the Gold has changed its trend and would be moving upward.
  • #16,444
  • Feb 17, 2012 3:07am Feb 17, 2012 3:07am
Quoting XTrade
Thank you sir!
Welcome to you and z3r0!
Thanks, always pass by from time to time to see what you guys are up to
Have a great day XTrade
Attached Image
  • #16,445
  • Feb 17, 2012 4:39am Feb 17, 2012 4:39am
Happy birthday XTrade,

Hope your recovery is speeding up.

Thanks for your advices!
  • #16,446
  • Feb 17, 2012 5:01am Feb 17, 2012 5:01am
As gold likes to fake that much, i think i'm going to wait.

Maybe a fast move coming soon.

It seems another triangle is going to be solved today, 1734-35 zone seems a pivot.

btw, price took 36 daily bars to go down from 1802.70 to 1522.40.Today we are at the candle 35 in it's way up.

So ranging market or price is going to speed once it solves this little indecision?
Attached Image (click to enlarge)
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  • #16,447
  • Feb 17, 2012 5:58am Feb 17, 2012 5:58am
Quoting XTrade
Oh btw happy birthday to me, another year bites the dust!


1700 support noted purple dashed
んдppЧ вiяでћɖอิзаЧ メずя ดั Ⴇ∈
I have no enemy; I make Incautiousness my Enemy.
  • #16,448
  • Feb 17, 2012 6:00am Feb 17, 2012 6:00am
happy bday Xtrade ! wishing u all the gold & silver u want (platinum.. copper all the metals ) , a good healthy year , a profitable succseeful and one to prosper more than the last!

Buma
Have I got something on my face, SOLDIER?
  • #16,449
  • Feb 17, 2012 7:38am Feb 17, 2012 7:38am
Quoting lilpip
swing h/l is simple as your abc.
look at your 5 min. whats h/l ? your 3 5 min whats h/l? whats h/l on your next 3or 4 15 15min? 4hr. etc., name your timeframe.
whats 15 min trend ? 1hr?, 4hr? daily?,weekly? monthly ?,quarterly?yearly?
Just as you look at the 5 min. in a group of 3 for direction do the same also with higher timeframes.
same above as below applys to the timeframes, pretty soon you will not have to look at your gauges to travel.(although they are fascinating to look at as they kinda remind me of a vehicle all pimped out going to a...
I am a bit dumb-witted ... care to elaborate with charts , please ? what are we looking out for ? thank you .
  • #16,450
  • Feb 17, 2012 7:53am Feb 17, 2012 7:53am
gold
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  • #16,451
  • Feb 17, 2012 7:56am Feb 17, 2012 7:56am
TheArcher
  • #16,452
  • Feb 17, 2012 8:39am Feb 17, 2012 8:39am
Quoting TheArcher
gold
I think you are implying that gold is looking to be in a downtrend by drawing lines, but the lines can be drawn opposite. which is more meaningful?
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  • #16,453
  • Feb 17, 2012 10:54am Feb 17, 2012 10:54am
Hello Friends, here is my chart reading

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  • #16,454
  • Feb 17, 2012 11:17am Feb 17, 2012 11:17am
Quoting forexfacts
Hello Friends, here is my chart reading

Attachment
looking at this chart we are at a similar point to Feb09. If the uptrends continues at the same pace, then we would double the current level by Aug2014.
  • #16,455
  • Feb 17, 2012 12:14pm Feb 17, 2012 12:14pm
I am coming to know that gold or any other commodity really do respect Technicals (chart movements), generally.

Fundamentals and Price do matter a lot, They are the market movers, they are the reason why we see chart moving up and down otherwise it would be a flat line without any Pulse if it only follows Technicalities.

I have always been a Price-follower, for years, but looking at technicalities it seems we won't see $1400s, so i'll have to quit my $1400 before $2000 slogan.

It is more like $1600 before $2000.
  • #16,456
  • Feb 17, 2012 1:01pm Feb 17, 2012 1:01pm
So far, I only can relay on support and resistance. Levels where price reacted in the past, classic pivot points and dinamic levels.

I try to read candles and I just don't get it.

Where it seems to be price rejection that implies a bearish or a bullish move, soon price finds opposition at previous s/r and ain't reach expected levels.

Maybe i'm not looking at the right TF.
  • #16,457
  • Feb 17, 2012 1:09pm Feb 17, 2012 1:09pm
Quoting fuse
To me H4 chart looks like it wants to break trendline and continue up. It's bounced a couple of times off the 0.236 fib. I will wait though for a proper break and re-test of trend line. If there is no proper break I will think about going short for a few pips. See chart H4
I ended up going short for a few pips. Lets see what happens on Monday. Chart H4
Attached Image (click to enlarge)
Click to Enlarge Name: Goldnow.png Size: 49 KB
  • #16,458
  • Feb 17, 2012 1:56pm Feb 17, 2012 1:56pm
Quoting jsr

Where it seems to be price rejection that implies a bearish or a bullish move, soon price finds opposition at previous s/r and ain't reach expected levels.
Trading is psychology, don't trade against until you see strength of the opposing trend.
Which is step two. The first step is what you call "rejection", I call it weakness.
A third step before you may enter, could or should be a test of the s/r where price reacted to.
Anyway that's how I think when trading, it also determines my choice of lotsize.
Coz in some cases you can skip a step,... then I adjust the lotz,..
Anyway hope this helps a bit..

S.
Old Habits Die Hard.
  • #16,459
  • Feb 17, 2012 2:04pm Feb 17, 2012 2:04pm
Thanks Shaggy_rock, i've found it very valuable.
  • #16,460
  • Edited Feb 18, 2012 12:02am Feb 17, 2012 5:33pm | Edited Feb 18, 2012 12:02am
yes " kiwi " /usd



Not much excitement with gold lately since the breakout of 80 bucks.

Just a meager 20 USD range and pretty much threee weeks of spinning tops.

Alas,

The triangle was formed over a five month period, what's three weeks,
be patient position traders,

Scalpers this should be heaven for you!! Draw a top mid and bottom and just buy and sell all day....


Quoting stevebalmmer
hy xtrade.
wich pair you mean? nzd-usd?

steve
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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