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

Triangle in H1 still intact.

some Gold intraday sensitive points in price in about 8 mins at 15:00 GMT.
possible low in creation.

5 min chart

Image didn't upload before.

caught the bottom nice Js

btw whats a MVA?
on ur chart?

MVA is simple moving average

EMA is exponencial.

high volume with a buying wick.
and went long..around the low created earlier.

a great target for intraday would be the 0.618 level of the downswing earlier which is marked with a blue rectangle.

theres the turn

daily chart seems dead.....

U.S. exempts 11 states from Iran sanctions; China, India exposed
http://s1.reutersmedia.net/resources...=CBRE82J1HEV00
Tue, Mar 20 2012
By Arshad Mohammed and Andrew Quinn
WASHINGTON (Reuters) - The United States on Tuesday exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian crude oil, but left Iran's top customers China and India exposed to the possibility of such steps.

The decision is a victory for the 11 countries, whose banks have been given a six-month reprieve from the threat of being cut off from the U.S. financial system under new sanctions designed to pressure Iran over its nuclear program.

The list did not, however, include China and India, Iran's top two crude oil importers, nor U.S. allies South Korea and Turkey, which are among the top-10 consumers of Iranian oil.

A U.S. official held up Japan's estimated 15-22 percent cut in oil purchases from Iran in the second half of last year as an example for other nations, saying it did so after the "tragedy" of the earthquake that caused the Fukushima nuclear disaster.

"Japan was a model," State Department Special Envoy and Coordinator for International Energy Affairs Carlos Pascual told lawmakers. "If Japan was able to do what it did ... that should be an example to others that they could potentially do more."

Pascual declined to set a benchmark for countries to secure a 180-day exemption from the U.S. financial sanctions, noting U.S. law only says they must "significantly reduce" oil imports from Iran and must continue to do so to win future exemptions.

The 10 nations from the European Union, which has already decided to stop importing Iranian oil from July, were Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland and Spain, the State Department said.

"The actions taken by these countries were not easy," U.S. Secretary of State Hillary Clinton said in a statement. "We commend these countries for their actions and urge other nations that import oil from Iran to follow their example."

While China and India and others remain exposed to the possibility financial sanctions if they do not significantly cut Iranian imports, U.S. law gives President Barack Obama the ability to waive such steps if this is in the national interest.

JAPANESE CUTS MAY BE KEY

The United States has gradually tightened sanctions due to Iran's failure to answer questions about its nuclear program, which Washington and its allies suspect is a cover to develop nuclear weapons. Iran says it is solely to generate power.

World oil prices have surged in recent weeks on concerns about tensions with Iran - including the possibility of Israel attacking Iranian nuclear facilities - and on worries sanctions would reduce supplies to an already tight global market.

Crude prices have risen to more than $125 barrel on the supply squeeze but on Tuesday dropped nearly $1.50 to $124.25 in London after Saudi Arabia assured markets that it was ready to increase exports to meet any shortfall from Iran.

Mark Dubowitz, an advocate for tougher sanctions on Iran and the head of the Foundation for Defence of Democracies, said Japan's example was likely to be significant.

"The key number will be what Japan agreed to," he said. "This will be the number that other countries will have to meet or otherwise make the case to the administration why their energy circumstances demand a lower reduction."

Ray Takeyh, an Iran expert at the Council on Foreign Relations think tank, said the exemptions for Japan and the European Union were predictable because they had done the most to cut their imports of Iranian crude. "Japan has taken action in looking for alternative suppliers, while India and China have not demonstrated that they are in compliance with the sanctions," Takeyh said.

All 27 EU nations have agreed to an embargo on Iranian crude purchases by banning new purchases from January 23 and phasing out existing contracts by July 1.

A U.S. official, who spoke on condition of anonymity, said exemptions were only granted to 10 of the 27 because the others "did not import Iranian crude in 2011."

Under the 2012 National Defense Authorization Act, Obama has the ability to impose financial sanctions on foreign banks that carry out financial transactions with Iran's central bank "for the purchase of petroleum or petroleum products from Iran" if several conditions are met.

The penalties include effectively cutting off a foreign bank from the U.S. financial system, a risk few are likely to take.

However, the law gives Obama an explicit exemption under which he can choose not to apply sanctions if he determines that the country with primary jurisdiction over the bank has "significantly reduced" its volume of crude oil purchases.

The exemptions apply for 180 days and can be renewed every six months thereafter.

Under U.S. law, the sanctions cannot be imposed before June 28, giving countries time to adjust.

Senator Robert Menendez, a New Jersey Democrat who was one of the major sponsors of the sanctions legislation, welcomed Clinton's decisions and praised the EU and Japan "for their forthright and expedient action."

"The sanctions are working," he said. "Our message to Iran is clear - we are serious about this sanctions regime. It is up to the Iranians to determine what they value more, their nuclear program or the political and economic stability of their state."

Okay,

I have been reading back a few pages and not able to post much the past few days.

Firstly I think because this forum is international any religion should be kept out.
This will only cause arguments between those of different faith and we are here to discuss gold and silver.

In the case of using the planets as analysis, if it is not a part of his religion then in that case it is ok. People always ask for different opinions here. I have seen other people doing it on this forum as well.

As far as what I approve of and don't it's pretty simple
A. Start with the forum rules
B. Start with my rules for the thread.

It may seem crazy but I don't see any threat to anyone if B want's to post the cycles.

What would be more interesting and perhaps spark some interest of others is if we saw a trade based off this sort of analysis.

Lastly, the most simple way to deal with the problem of anyone's posts, if it is one for you, is to simply put them on ignore. When someone makes my ignore list they cannot post. That works through 3 warnings. Then a banning.
edit: Unless someone clearly goes overboard.... Then they are restricted.

In the past week Gold and Silver have barely moved.

We are stuck in a range, some based on the USD, some based on other usual factors.

We need some kind of catalyst to push the metals up like news.

We can see that the dollar has strengthened a bit and the metals only go to the bottom of this small range.

Perhaps a weakening in the dollar would help, as to how much I am not certain.
Renewed buying interest is really the key.

As far as the techs go, gold is just riding the uptrend weekly channel line in a small fashion up and down 10-20 bucks here and there.

Silver seems to just be moving sideways with eyes retaking 33 and some support at 31.90

chart still doing nothing besides range, lower time frames (TF) seem to be getting a pop.

tic tac tic tac

This is a comment from FXCM


They use a m30 chart to publish their analysis.

Just for your consideration.

wow! Never seen that! Yup....my clairvoyancy peering into my crystal ball

Will be checking out the movie and all the links.

Actually it is not the US that wants to attack them....The US is just a pawn in the game...it is the "money masters" cause they make money by loaning it to both sides of the war.....and therebye end up owning all the assets of those countries.
There is a good book on it..."The Creature from Jekyll Island - By G. Edward Griffin.

Maybe we can see a clearer direction after one side of the triangle will be broken.

I agree. The market has been indecisive
if you look at shorter time frame (1min & 5min chart) you can see a lot of spikes going on

I'm going to stay away on anything with USD as the counter pair for now

Looks like we are finally getting some movement... I'm looking to see if we can clear previous swing low. Chart D1

Great work fuse.

I have 2 days waiting for that break and it happened when I was sleeping. lol

In deed it seems like a flag. If so, price could drop even more.

Smart man dont be "fooled by the men behind the Curtains" They are the "REAL PUPPET MASTERS"