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

  • #17,641
  • Mar 14, 2012 7:27am Mar 14, 2012 7:27am
By the way X, we have reached my entry price, $1790 out, $1650 in
  • #17,642
  • Mar 14, 2012 7:29am Mar 14, 2012 7:29am
There are no guarantees pardner,

These are just the two sides of the gold coin as i see them.

Quoting grandia
Yes X, finally my dream of 1520 will come true
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,643
  • Mar 14, 2012 7:31am Mar 14, 2012 7:31am
SHE IS HITTING THE CHANNEL BOTTOM NOW ON LOWER TF VIEW>

I am buying and will shoot for 10 USD move but see where she takes me.

I see strong support in this area on the TECHNICAL side.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,644
  • Mar 14, 2012 7:32am Mar 14, 2012 7:32am
Doubt bottom is in - other than short term.
  • #17,645
  • Mar 14, 2012 7:39am Mar 14, 2012 7:39am
But it is a good enough price if one can hold for long.

But then again who knows??
  • #17,646
  • Mar 14, 2012 7:45am Mar 14, 2012 7:45am
From 1665, Now at BE.
Yes X, still work ahead for my stops management.
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Patience is magic
  • #17,647
  • Mar 14, 2012 7:51am Mar 14, 2012 7:51am
a thought.
ill only long at the close of the day if the conditions apply.

for anyone wondering The retracements are based on a Phi sequence range and not on price highs and lows.

165 is my number and this is my awaited day.
and will only prove valid under my eyes if it closes around 165-164.
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Have I got something on my face, SOLDIER?
  • #17,648
  • Edited 8:09am Mar 14, 2012 7:58am | Edited 8:09am
1640-1650.

targets for daily close based on the square from some angles of the pentagon (144, 216)
and a square.

im not taking any positions before the day closes

PS: the cardinal cross also shows 163 as a strong vibration point and from the high-low measurement of the swing from 1523-1790's the 0.618% is located at 1625 for a high-low measurement.
Attached Image
Have I got something on my face, SOLDIER?
  • #17,649
  • Mar 14, 2012 8:11am Mar 14, 2012 8:11am
EURUSD looks to be headed down to break 1.30xx

To test lows from mid Feb.
  • #17,650
  • Mar 14, 2012 8:13am Mar 14, 2012 8:13am
Quoting bumapatria
1640-1650.

targets for daily close based on the square from some angles of the pentagon (144, 216)
and a square.

im not taking any positions before the day closes

PS: the cardinal cross also shows 163 as a strong vibration point and from the high-low measurement of the swing from 1523-1790's the 0.618% is located at 1625 for a high-low measurement.

You forgot to add the year of dragon effect, you believe in that stuff or not?
  • #17,651
  • Mar 14, 2012 8:14am Mar 14, 2012 8:14am
Quoting bumapatria
1640-1650.

targets for daily close based on the square from some angles of the pentagon (144, 216)
and a square.

im not taking any positions before the day closes

PS: the cardinal cross also shows 163 as a strong vibration point and from the high-low measurement of the swing from 1523-1790's the 0.618% is located at 1625 for a high-low measurement.

what the heck is that i like it more info plz
  • #17,652
  • Mar 14, 2012 8:15am Mar 14, 2012 8:15am
Why did gold drop so much after yesterday's statement? I cannot understand. The statement said rates would be held low until late 2014 (= money printing), inflation is higher but only temporary(= room for easing ), economy is still at risk(=needs some more help).

Then stock rallied 100 pts.

I am no economist so can someone please try to explain the market sentiment.

Suntrader I am interested in your EW count at this time. Could you post?
  • #17,653
  • Mar 14, 2012 8:22am Mar 14, 2012 8:22am
lets see if 1638 holds if not 1620-12 in sight

a close daily below 1662 will take us more south might be wrong
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  • #17,654
  • Mar 14, 2012 8:56am Mar 14, 2012 8:56am
Quote
I am no economist so can someone please try to explain the market sentiment.

To me the market is technicality driven more than anything.

It is Blythe's chart driven a fall then a rise, then again a fall and then shoot.

But the straight-line makers still don't look interested, lets see, the price action at the moment is telling me that the market is loosing scalpers.
  • #17,655
  • Mar 14, 2012 9:07am Mar 14, 2012 9:07am
$32+ silver is still a hurdle to me !
  • #17,656
  • Mar 14, 2012 9:17am Mar 14, 2012 9:17am
Quoting forexfacts
$32+ silver is still a hurdle to me !
Although I am not a fan of it - 200 SMA - Silver has been it for almost two weeks! So $32 might be no big deal.

Meantime $31.82 is 50% retrace.
  • #17,657
  • Mar 14, 2012 9:57am Mar 14, 2012 9:57am
Quoting forexfacts
To me the market is technicality driven more than anything.

It is Blythe's chart driven a fall then a rise, then again a fall and then shoot.

But the straight-line makers still don't look interested, lets see, the price action at the moment is telling me that the market is loosing scalpers.
so can this be consider the 2nd fall which will be followed by a shoot? I was wondering how is it possible for gold price to shoot up within one month according to blythe chart? but, anything is possible. just trade according to what we see
  • #17,658
  • Mar 14, 2012 10:02am Mar 14, 2012 10:02am
Dude, Sorry but you ask to learn,
I post no less then 10 charts and write on the subject and how to trade it and provide links to how these patterns were developed and are supposed to be trading and you are STILL ASKING.


GO back and DYODD or
GOOGLE CHART PATTERN HEAD AND SHOULDERS>

BTW. There is NOTHING on the daily Gold chart that even resembles a head and shoulders - BESIDES ONE failed attempt to crack a neck of an INVERSE HEAD AND SHOULDERS.

Quoting fxbreeze
Do you trade big lot? Do you take stop loss?

breeze
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,659
  • Mar 14, 2012 10:23am Mar 14, 2012 10:23am
Quoting Jhonypips
I am expecting a correction towards 1685 then welcome1610
This is somewhat my view but i keep no bias to a market i just got a correction signal so i do see a attempt to 1658 with 1683 changing the sentiment to bulls if we can hold above 1683,however it's currently bearish with such a attempt to 1610-1578 as PA move but no bias just what PA is saying as i trade and position myself. Today close will be important which we should know alot from with tommorw fixes to where Pa next move will be.
  • #17,660
  • Mar 14, 2012 10:32am Mar 14, 2012 10:32am
Quoting SunTrader
Although I am not a fan of it - 200 SMA - Silver has been it for almost two weeks! So $32 might be no big deal.

Meantime $31.82 is 50% retrace.

Yes Sir, you are correct, the price of $32 Silver has been accepted for some time now, it is a support price with good solid legs, but the thing is when gold starts to rise (recent history) Silver's price rises at double - triple the rate of gold, that to me is troubling, if some how they can manage to suppress it then we may see gold's rise.

Right now, the equation is not correct, to me it should be $1600 gold and $28 Silver.

But that is just me with my sweet dreams
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