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

  • #17,981
  • Mar 25, 2012 1:33pm Mar 25, 2012 1:33pm
Quoting split_unit
Heres a weekly chart of the gold miners ETF. The ETF is at a key weekly inflection point, I expect to see volatility here soon.
This chart tells us we gonna get a pretty steep fall, sometime over the coming months.
  • #17,982
  • Mar 25, 2012 8:34pm Mar 25, 2012 8:34pm
......................
Attached Image
  • #17,983
  • Mar 25, 2012 9:05pm Mar 25, 2012 9:05pm
Quoting forexfacts
wow man, what a Bull video!
oh yeah...
Life's a bitch....so be a dog and cover it!
  • #17,984
  • Mar 25, 2012 10:00pm Mar 25, 2012 10:00pm
Consolidate then breakdown, not to mention u do NOT want stochs that high at a cusp point. To me that says failure/
QUOTE=shafaat;5510346]......................[/quote]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,985
  • Mar 25, 2012 10:03pm Mar 25, 2012 10:03pm
Why would you say that? Well besides the fact that it is extremely vague and covers a spread of MONTHs....

Do you understand the difference between spot and futures gold and the GDX which is an equity of Gold Miner's stocks?

Gold does not have to fall in price just because the companies stock may fall.

Sure there may be some correlation yet, they are two different animals cut from the same beast.

Quoting Cheese_Mouse
This chart tells us we gonna get a pretty steep fall, sometime over the coming months.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,986
  • Mar 25, 2012 10:05pm Mar 25, 2012 10:05pm
Personally I think I smell an XAU XAG breakout brewing.

Bears can't push it down enough and we are testing and printing highs above minor resistance, IN A SMALL RANGE THIS IS A BIG DEAL - every gad dang dolla counts....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,987
  • Mar 25, 2012 10:10pm Mar 25, 2012 10:10pm
Quoting XTrade
Personally I think I smell an XAU XAG breakout brewing.

Bears can't push it down enough and we are testing and printing highs above minor resistance, IN A SMALL RANGE THIS IS A BIG DEAL - every gad dang dolla counts....
u should see the weekly square on gold..
and daily square on silver. looks bottomed out + the possibility of a big H/S.
Attached Image

Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #17,988
  • Mar 25, 2012 10:22pm Mar 25, 2012 10:22pm
Check this line out a DTL (down trend line)

That was resistance and has literally had the price flip around it now creating supports on the opposing side!

Beautiful...

I am looking for a rise here...... . ... ... .... . .. . . . . .
Attached Image (click to enlarge)
Click to Enlarge Name: aussie line h4 m 2012 end.GIF Size: 21 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,989
  • Mar 25, 2012 10:24pm Mar 25, 2012 10:24pm
aded chRT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,990
  • Edited 10:32pm Mar 25, 2012 10:26pm | Edited 10:32pm
b, i AM sorry, but I see NO H&S patterns.

Don't show me the box (Watch Hellraiser )

Show me the S1 Head S2 with NECK - slope of neck and projections.

Please. Otherwise I cannot understand your view.

Know you can do it mate ! Please do INCLUDE PRICES on these charts.
Quoting bumapatria
u should see the weekly square on gold..
and daily square on silver. looks bottomed out + the possibility of a big H/S.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,991
  • Mar 25, 2012 10:31pm Mar 25, 2012 10:31pm
Only thing I can see on Gold daily is the SLIM SLIM SLIM possibility of the Same old inverse HS with now Massive shoulders a small head and a neck to break at

1794

We would currently be forming the bottom upcoming of S2 to test the neck.

If it were to work, which I will not put my stock in.

It would be as such

Neck to Head = 260

Neck broken at 1794 +260 = appx 2054
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,992
  • Mar 25, 2012 10:46pm Mar 25, 2012 10:46pm
Quoting XTrade
b, i AM sorry, but I see NO H&S patterns.

Don't show me the box (Watch Hellraiser )

Show me the S1 Head S2 with NECK - slope of neck and projections.

Please. Otherwise I cannot understand your view.

Know you can do it mate ! Please do INCLUDE PRICES on these charts.
LOL - i do not like posting prices and dates at all on my charts. but,,
okay, first clean ur eyes and learn to see a naked chart K???? LOL jk jk jk
heres silver done for xtrade the blind man

as for projections its to the next fanline resistance. but i think if it clears the neckline it shoots way further up. probably to the end of the square's price range

Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #17,993
  • Mar 25, 2012 10:52pm Mar 25, 2012 10:52pm
Quoting split_unit
The correlation is 70.43% It isn't awe-fully high, but on a personal note, I find it important to be aware of the miners and whats happening in that market.
S&P vs Dow

and

XAUUSD vs $XAU

One very correlated, other not so much.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: S&P Dow.png Size: 81 KB
Click to Enlarge Name: XU XAU.png Size: 61 KB
  • #17,994
  • Mar 26, 2012 12:23am Mar 26, 2012 12:23am
Then you should have stated INVERSE Hand S there is an ENORMOUS difference...

Now a "naked chart" Is one without indicators and maybe slight TA.

Yet the whole point of a naked chart is price action.

YOU CAN"T FOLLOW PRICE ACTION WITH NO PRICE!!!!


Quoting bumapatria
LOL - i do not like posting prices and dates at all on my charts. but,,
okay, first clean ur eyes and learn to see a naked chart K???? LOL jk jk jk
heres silver done for xtrade the blind man

as for projections its to the next fanline resistance. but i think if it clears the neckline it shoots way further up. probably to the end of the square's price range

Attachment
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,995
  • Mar 26, 2012 12:25am Mar 26, 2012 12:25am
Sun,

I asked split to post some GDX, GLD, etc . Equities relating to gold in the thread to give some of the noobs a different point of view.

And enlighten them to the fact that this market is made up of way more than a simple spot price, although spot is king in my world.

He is simply trying to show the difference and what relation there may or not be.

That's all.

Quoting SunTrader
S&P vs Dow

and

XAUUSD vs $XAU

One very correlated, other not so much.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,996
  • Mar 26, 2012 1:08am Mar 26, 2012 1:08am
Quoting bumapatria
LOL - i do not like posting prices and dates at all on my charts. but,,
okay, first clean ur eyes and learn to see a naked chart K???? LOL jk jk jk
heres silver done for xtrade the blind man

as for projections its to the next fanline resistance. but i think if it clears the neckline it shoots way further up. probably to the end of the square's price range

Attachment

Similar, if not the same, posted two weeks ago in #17533 on 11th March......

beeb
  • #17,997
  • Mar 26, 2012 3:04am Mar 26, 2012 3:04am
morning, i see i got my test of 1669 during asia, i still have in my plan a re-group of attack around 50fib but 1662/60 has been in ohlc numbers on H4 bars and seem to be showing a little bit showing a bit support
  • #17,998
  • Mar 26, 2012 5:03am Mar 26, 2012 5:03am
Quoting Cypher
there is a little supply area around 1662/69 but its not very mature why i ignored it and played for 1669 as the supply area is only a week old

having just re-drawn the new fibs after reading your post, price was stop bang on the 23.6fib on friday which is at 1666, id still like to see a test of 1669 high to see if it can break up, but with the 23.6fib inside the supply area i wonder if price might need to drop back down to the 50fib(1656) to re-group for another attack at 1669 if it can find support again at the 50fib

but all that aside...
when i dropped to M5 chart when i woke up i saw some bounce around 1662/60 but didnt really cause any problem and my retrace to the 50fib(1655) i was looking for after seeing the 23.6fib in the supply area at the weekend was still in play, dropping down to the M5 we had very nice battle between supply and demand around the 50fib but demand won as i was looking for,

i have locked in some profit and will let the rest run to see if it can re-test the 1669 high as im going to enjoy the hot weather for rest of day now as its a very rare thing in uk, might be back later for ben, hope some of you guy had many green pips as well
Attached Image (click to enlarge)
Click to Enlarge Name: gold 50.jpg Size: 102 KB
  • #17,999
  • Mar 26, 2012 5:17am Mar 26, 2012 5:17am
Quoting Cypher
when i dropped to M5 chart when i woke up i saw some bounce around 1662/60 but didnt really cause any problem and my retrace to the 50fib(1655) i was looking for after seeing the 23.6fib in the supply area at the weekend was still in play, dropping down to the M5 we had very nice battle between supply and demand around the 50fib but demand won as i was looking for,

i have locked in some profit and will let the rest run to see if it can re-test the 1669 high as im going to enjoy the hot weather for rest of day now as its a very rare thing in...

Excellent work, again it amazes me how most of the time commodities respect technicalities, Nice
  • #18,000
  • Mar 26, 2012 7:04am Mar 26, 2012 7:04am
Quoting Cypher
when i dropped to M5 chart when i woke up i saw some bounce around 1662/60 but didnt really cause any problem and my retrace to the 50fib(1655) i was looking for after seeing the 23.6fib in the supply area at the weekend was still in play, dropping down to the M5 we had very nice battle between supply and demand around the 50fib but demand won as i was looking for,

i have locked in some profit and will let the rest run to see if it can re-test the 1669 high as im going to enjoy the hot weather for rest of day now as its a very rare thing in uk,...
How are you drawing your FIBs? I am not getting 1655 at 50FIB
I have no enemy; I make Incautiousness my Enemy.
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