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

  • #17,441
  • Mar 11, 2012 7:05pm Mar 11, 2012 7:05pm
No he wants revolutions of the moon. M/M and Y/Y

---------------

sarcasm!?....

Quoting bumapatria
by "time" are you trying to delve into the relationship of it to price?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,442
  • Mar 11, 2012 7:08pm Mar 11, 2012 7:08pm
I am looking at 0445 as huge support area + - 50 pips for reactions. Same zone, let's see. I would LOVE to enter there and hold for a break of what does not look so nice right now on the H1....

Quoting Oshawa
A step a time, or a step a week This week on aussie there is strong support in the area of 0430-90, then if supported there I would expect it to rotate upward. If price falls hard through that area, lower levels to come.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,443
  • Mar 11, 2012 7:11pm Mar 11, 2012 7:11pm
I NEVER buy ANY Chinese bullion of ANY sort.

Even from a trusted dealer, precisely for this point, plus they make everything from toys to fako Hundreds!

Quoting ShirleyLo
Well..you know I've problem if I refer XAU/USD as GOL/USD right...

Asian session in the slowest motion for gold. AUD/USD keeps goin' down after all the built confidence on the pair....is the retracement over soon or it will go to parity with USD like many believe so?

Game on for safe haven, AUD. I'd rather keep gold bullions....

Oh....went to China and saw fake gold bars (nickles inside).
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,444
  • Mar 11, 2012 7:17pm Mar 11, 2012 7:17pm
END of March theory,

correction has happened, 1650 not even tested.

Big boys covered shorts on a POSITIVE USD NFP day.

Pattern support.

Channel Support,

Price action making higher lows and higher highs.

We rise.
Before possible summer slow season.

September theory. Indian Gold Physical buying picks up and the price volume picks up due to less vacation by the CEO of Chase or GS.

BY oct we are above 2000
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,445
  • Mar 11, 2012 7:21pm Mar 11, 2012 7:21pm
Quoting The Camel
Greetings to all from Cairo, Egypt

I'm originally a currency trader. A trading friend attracted me to XAU early in Feb 2012 and I made lots of successful trades in it, mainly buying from 1710 all the way up to 1790 (in increments). My trades were purely technical until Mr Bernanke took me by surprise on Feb 29 from 1780 to 1686 (on a buy). I almost never trade without stops but this time I did (the ultimate sin of traders). Believing that XAU is destined to resume its up trend with all due corrections down, I'm still in the trade especially that...
It is unlikely it will go much lower than 1650....so if you have the equity to ride as low as 1650....you should be ok.
Life's a bitch....so be a dog and cover it!
  • #17,446
  • Mar 11, 2012 7:23pm Mar 11, 2012 7:23pm
Testing potential support NOW AT 1706.

May bounce up.

Look for long scalp or entry for position,
USE APPROPRIATE MONEY MANAGEMENT FOR YOUR ACCOUNT>

NO RESPONSIBILITY ASSUMED

Scalps 3- 5 USD targets plus,
positions, let them ride,
stops either mental at appx 2 or over 20$ at least
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,447
  • Mar 11, 2012 7:28pm Mar 11, 2012 7:28pm
some info hope it helps


http://www.trade10.com/Triangles.html
  • #17,448
  • Mar 11, 2012 7:34pm Mar 11, 2012 7:34pm
Quoting XTrade
Testing potential support NOW AT 1706.

May bounce up.

Look for long scalp or entry for position,
USE APPROPRIATE MONEY MANAGEMENT FOR YOUR ACCOUNT>

NO RESPONSIBILITY ASSUMED

Scalps 3- 5 USD targets plus,
positions, let them ride,
stops either mental at appx 2 or over 20$ at least

nice call bro , gold do bounce, but we are in a lube mode
  • #17,449
  • Mar 11, 2012 7:37pm Mar 11, 2012 7:37pm
chance at 1650 is pretty moot at this point.

The bears had their chance and chose to cover shorts during the NFP dip at 1680
we did hit the 1660s

Over.

Channel support is taking control..

------------------------------------------------------------
I don't think some of you realize the IMPACT of the physical bullion market. Not to the OP...

But from what I read Asia / China is buying every dip.

Also, naked shorts (people that own nothing and speculate shorting, then get royally fucked when their short blows up) have to reduce risk.

There is WAY too much open interest in the Gold market to support the physical bullion above ground.

This situation is 10x+ Worse with silver. Thus, I will be stacking all the way to 100 per ozt and beyond. I may short and hedge. But not a position.

DYODD

reading
http://www.jsmineset.com/

Quoting dogbreath
It is unlikely it will go much lower than 1650....so if you have the equity to ride as low as 1650....you should be ok.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,450
  • Mar 11, 2012 8:21pm Mar 11, 2012 8:21pm
Over the weekend I Just re-read Andrew's AR materials and then it can be seen on gold daily that it had a textbook EP (expanding pivots) formation last year at the top. Then following all textbook rules, it fell through the 0-4 lines to multiple reaction lines. Currently there is a gap between last week's low and the latest reaction line. If price goes down, it's most likely supported by that line. I have another reaction line from a SEP not shown on this chart, just slightly higher (pushing inwards) than this line.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold daily EP formation.jpg Size: 95 KB
  • #17,451
  • Edited 8:54pm Mar 11, 2012 8:36pm | Edited 8:54pm
Quoting XTrade
Testing potential support NOW AT 1706.
I am looking at support being around 1688, and I'm buying there. SL 1648 TP 1758. same as XT no guarantees on this call, just MY call.
edit: see target on chart in purple
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 31 KB
  • #17,452
  • Mar 11, 2012 8:40pm Mar 11, 2012 8:40pm
Markets look to be turning. Take advantage with 1:4 rr.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,453
  • Mar 11, 2012 8:43pm Mar 11, 2012 8:43pm
Could happen, I like sub 000 numbers at 5 and 15 below appx.

Thinking it will have a hard time surpassing much further than 1700 if the market turns.

Quoting Sreym33
I am looking at support being around 1688, and I'm buying there. SL 1648 TP 1758. same as XT no guarantees on this call, just MY call.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,454
  • Mar 11, 2012 9:50pm Mar 11, 2012 9:50pm
For me, the current prices do not hold any charms to buy, neither do they hold any charm to sell

They better fall ?
  • #17,455
  • Mar 11, 2012 9:54pm Mar 11, 2012 9:54pm
BEEB is back
welcome

i like beeb
  • #17,456
  • Edited 10:33pm Mar 11, 2012 10:13pm | Edited 10:33pm
Quoting bumapatria
by "time" are you trying to delve into the relationship of it to price?
yes, I have a handle on it from my angle as my post show, however I dont know abc waves from microwaves and blythe specifically mentioning time as part of the equation drew my interest.
I may not have been paying attention in the past but I dont remember others incorporating an anticipated price that could be reached whithin a specific time period, which makes sense to me I just havnt heard it.
So I want to read and learn another angle or mo for cross checking my existing mo of evaluating time, price, support and resistance in which his happen to be waves.
Is there a simple and direct book out there considering waves or time within the waves ? anyone?
  • #17,457
  • Edited 11:05pm Mar 11, 2012 10:36pm | Edited 11:05pm
daily
1724
1697
1670
daily bias is up from 1697-98.
daily lows line up with the stronger monthly trendguide or pivot 1670.

daily
36.36
34.66
33.00-20
with eye on 35.20 response
if going north shes gotta start trading above 34.50-66 area (fri. bounce down noted)
a normal pattern of extend out and rotate back to new monthly pivot is noted (32.76).
  • #17,458
  • Mar 12, 2012 1:35am Mar 12, 2012 1:35am
Quoting longshot_nl
this next?
(silver)
check.
Attached Image (click to enlarge)
Click to Enlarge Name: xag_usd_1h.jpg Size: 66 KB
  • #17,459
  • Mar 12, 2012 1:40am Mar 12, 2012 1:40am
Quoting longshot_nl
check.
It's an important level IMHO Longshot and lines up with what I'm seeing on the chart in post 17534. Could be an interesting week....

Hope you're well

beeb
  • #17,460
  • Mar 12, 2012 2:05am Mar 12, 2012 2:05am
Quoting beeb
It's an important level IMHO Longshot and lines up with what I'm seeing on the chart in post 17534. Could be an interesting week....

Hope you're well

beeb
hi Beeb nice to see you again.
What do you think of my long term view?
(link below)

Quoting longshot_nl
big diagonal resistance silver / usd.
atm this is what i think will happen
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