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

  • #18,521
  • Apr 19, 2012 11:21pm Apr 19, 2012 11:21pm
FF, the manipulators can and will do whatever they want.

BTW<

One minute gold charts are useless noise.

Please stop looking at them

Quoting forexfacts
If you look at the 1 minute chart, yesterday a straight fall came in at exactly 16:30 and then a straight rise at 18:00

But this shows one thing: the market is huge now (with new Bro kers coming in every day) the manipulators cannot control the prices much.

It is the general confidence level that is keeping the prices here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,522
  • Apr 19, 2012 11:22pm Apr 19, 2012 11:22pm
We are at a crossroads, range will likely continue until june.

Quoting forexfacts
Silver's sentiment has dropped from 78% to only 53% Bullish, this is what even the small manipulations can do to the general confidence level.

Lets see, when they drop it this time how low silver and gold goes.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,523
  • Apr 19, 2012 11:25pm Apr 19, 2012 11:25pm
Quote
One minute gold charts are useless noise.

Please stop looking at them


Went to see them for the very first time just to investigate the moves
  • #18,524
  • Apr 20, 2012 6:42am Apr 20, 2012 6:42am
They look "Massive" but are really like 1.00 USD!

Look if your in the game to scalp gold by all means I won't discriminate.

they do serve a purpose.

Yet even early breaks really need more confirmation on the M5 rather than the tick or the m1 or any second chart.

Quoting forexfacts
Went to see them for the very first time just to investigate the moves
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,525
  • Apr 20, 2012 6:44am Apr 20, 2012 6:44am
Guys this aint very exciting sorry...

Gold 1643 and silver at the top 31.77 of an increasingly small range.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,526
  • Edited 8:50am Apr 20, 2012 8:40am | Edited 8:50am
I like 1 min charts with lots of data. For intraday they give clues. I've found S&R levels and trendlines respected. We just need to know what to look for.

This min chart looks like a mini version of this pattern:

http://traderblogtoday.com/expanding-swings-pattern/
Attached Image (click to enlarge)
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  • #18,527
  • Apr 20, 2012 9:19am Apr 20, 2012 9:19am
Quoting XTrade
..... an increasingly small range.
I'm pretty sick of this range...bulls/bears make up your mind and take the damn yellow thing up/down so i can make a move.
  • #18,528
  • Apr 20, 2012 10:38am Apr 20, 2012 10:38am
Quoting XTrade
They look "Massive" but are really like 1.00 USD!

Look if your in the game to scalp gold by all means I won't discriminate.

they do serve a purpose.

Yet even early breaks really need more confirmation on the M5 rather than the tick or the m1 or any second chart.

Those were $6 - $7 moves in one minute

I wanted to check the time, for the futures the time of these large moves was 16:30 and 18:00
  • #18,529
  • Apr 20, 2012 3:38pm Apr 20, 2012 3:38pm
Quoting forexfacts
Those were $6 - $7 moves in one minute

I wanted to check the time, for the futures the time of these large moves was 16:30 and 18:00
just out of interest, and probably a stupid question, what time zone? uk im assuming...
  • #18,530
  • Apr 20, 2012 8:39pm Apr 20, 2012 8:39pm
Since we have traders in here from Asia, Europe and North America I don't think it is a stupid question. Not putting what time someone is referring to so others can follow along is .... well hmmm not clear. Yeah that's it.

But again as X pointed out - the M1 bars are not where most of us should focus. Unless they actually trade/scalp M1 level.
  • #18,531
  • Apr 21, 2012 1:20am Apr 21, 2012 1:20am
I am not sure but forexpros charts have GMT i think, their date and time on top says GMT.

I am trying to go back into the history but can only go up to 20th April, can anybody please go to 19th April and find 16:30 and 18:00 GMT ?
  • #18,532
  • Apr 21, 2012 4:27am Apr 21, 2012 4:27am
Gold 2 month high = 1790
Gold Today = 1645

Gold = Down 8%


Silver 2 month high = 37
Silver Today = 31.5

Silver = Down 15%
  • #18,533
  • Apr 22, 2012 1:30pm Apr 22, 2012 1:30pm
Quoting lilpip
bears continue the trend.
single year, quarterly, monthly and weekly trends all to the south.
down from april monthly pivot or trendguide 32.50-55 area.
down from weekly pivot 31.90 with support at 30.76 area this week.
weekly
33.02
31.90
30.76
trading south of pivot 31.97 last week noted, bias continues with trend, down from 31.90 this week .

same with gold, down from 1688-89 with eye again on 1554-57 area response.
weekly
1688
1654-57
1600-1611
  • #18,534
  • Apr 22, 2012 1:54pm Apr 22, 2012 1:54pm
Quoting lilpip
same with gold, down from 1688-89 with eye again on 1554-57 area response.


  • #18,535
  • Edited 2:10am Apr 23, 2012 1:32am | Edited 2:10am
Quoting jsr


thanks.
oops, this weeks trend guide the same area as last 1654-57.
again, a few years of bouncing off the trendline which now lines up with the 1600 area and a few days bouncing off 1654-57.

considering the past year 1600 is pivot.
A drop below 1600 ?
considering past 3 years, 1430-65 is pivot area, along with eye on 1495 response.

for silver $22.63-23.00, just as we loaded up a few years ago at $15, its more of the same only this year its 22-23 area.
  • #18,536
  • Apr 23, 2012 3:24am Apr 23, 2012 3:24am
http://i41.tinypic.com/2ez73p4.png

Gold has been continuing to create multiple entry and exit points as continuing to flow in a downtrend consolidating range. Blue lines showed an uptrend which was broken on 13th April. The 2 red lines indicate that gold has been moving in a parallel range downwards also the moving average 200 purple line acts as a resistance along with the 2 red lines. Green lines indicate a strong downtrend support created currently as it had been moving within such range as it shows downtrend triangle. The black bubbles indicate counter trend position opportunities to enter the market for profit and red bubbles indicate a breakout from trend position to enter the market for profit.
  • #18,537
  • Apr 23, 2012 8:35am Apr 23, 2012 8:35am
Quoting Avinash87
http://i41.tinypic.com/2ez73p4.png

Gold has been continuing to create multiple entry and exit points as continuing to flow in a downtrend consolidating range. Blue lines showed an uptrend which was broken on 13th April. The 2 red lines indicate that gold has been moving in a parallel range downwards also the moving average 200 purple line acts as a resistance along with the 2 red lines. Green lines indicate a strong downtrend support created currently as it had been moving within...

Nice chart I like it.
  • #18,538
  • Apr 23, 2012 9:03am Apr 23, 2012 9:03am
Quoting Euroscum
Nice chart I like it.
Thanks...
Do you have an email?...May be you could get more...I also post on few more forums...If you have time feel free to visit: http://www.earnforex.com/forum/f7/te...ed-pairs-9362/

Please give me your feedback and suggestions if you have for anything to improve...I am trying build a network of traders to have an idea, strategies, to follow something...

Also workin on a website with Free educational resources and training.
  • #18,539
  • Apr 23, 2012 9:13am Apr 23, 2012 9:13am
http://mohdarafat.files.wordpress.co...t-achieved.gif
Attached Image (click to enlarge)
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  • #18,540
  • Apr 23, 2012 1:29pm Apr 23, 2012 1:29pm
I think we have a great Head and Shoulders daily!!
We should have a throwback on the neckline!!

Good point to short 31 and 31.10 (the neckline)

Attached Image (click to enlarge)
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