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

  • #18,721
  • Edited 10:20pm May 8, 2012 9:49pm | Edited 10:20pm
Quoting jsr
lilpip, I'm curious.

I'd like to see your daily, weekly and monthly charts with your indis and S&R levels.

Sorry for that. It's just that I like your posts and I'd like to see what your eyes see after you setup your charts.

I post the price so others can apply to theirs, its all in my head, my charts are completely naked.
I dont know how to post charts anyway but if I did they would be overlayed yearly timeframe pivots to daily pivots, the higher the timeframe the stronger the trend.
3 year 2012
1988
1428
868
1year
1903
1598-1600
1291
  • #18,722
  • May 8, 2012 10:13pm May 8, 2012 10:13pm
Quoting dipstick
I have seen his spectral system charts on other forums and he has been calling $1450 since $1750. Now i see his profile here says JPM research(the silver monster shorter). Whatever indicator he has on that thing does show support levels at that area. Maybe I'll look up spectral systems. If JPM employees got this thing it's likely quite good. $1450 would take what 6 months minimum to recover from? This is more bad news for my longs.
quarterly
1910
1689
1468
with eyes on 1495
may monthly
1787
1674
1561
  • #18,723
  • Edited 11:31pm May 8, 2012 10:27pm | Edited 11:31pm
wed. Daily
1649
1621
1587-89
wed.daily
30.67
29.75-85
28.92-29.00

lows achieved, eyes on candle formations and pa on the 5 min. for rotation up or continued trending.
my orders in for north with tight stop ( should at least wait till pa gives a bounce on 1589 but goin to bed) where's my rotation ? give it to me while im sleeping.
  • #18,724
  • May 9, 2012 1:01am May 9, 2012 1:01am
Hows the real estate market in the us ? is it picking up ?
  • #18,725
  • May 9, 2012 1:40am May 9, 2012 1:40am
A few more days like these and we maybe heading down, i keep a check on this chart :


Attached Image
  • #18,726
  • May 9, 2012 2:27am May 9, 2012 2:27am
Lets see how big can the manipulators short! For some these prices maybe too good to let go.
But again metals haven't produced anything for the past few months, so are they actually charming at these prices?
  • #18,727
  • May 9, 2012 4:49am May 9, 2012 4:49am
Well USD is getting stronger because of EU elections, so gold goes down. But gold falls too fast. Obama will need dollar only in july for statistics. So I look for rebound up. Physical demand is up, and paper listen to SR.
  • #18,728
  • May 9, 2012 5:07am May 9, 2012 5:07am
http://i48.tinypic.com/10foln7.png

Attached is the 4 hr chart on Gold which I had attached previously for a triangular pattern waiting for a breakout. Breakout on Gold happened yesterday as Gold fell from 1630 levels to a low of 1580$ an ounce. So the trend for gold is down but its better to have a sell position from higher levels until 1595$ resistance is not broken
  • #18,729
  • May 9, 2012 5:20am May 9, 2012 5:20am
Quoting lilpip
I post the price so others can apply to theirs, its all in my head, my charts are completely naked.
I dont know how to post charts anyway but if I did they would be overlayed yearly timeframe pivots to daily pivots, the higher the timeframe the stronger the trend.
Thanks lilpip
  • #18,730
  • May 9, 2012 5:59am May 9, 2012 5:59am
Quoting tech niche
My analysis says that there could be more downside for GOLD.
We could see there has been a long time (May 2011 ) support (resistance at times) at 1579, and XAU seems to be heading for that
The same level has been tested a numerous times, viz :

 

  1. Jul 2011
  2. Sep 2011
  3. Dec 2011
  4. and now

Its Fibs are also playing well.


Attached here the chart for your reference

Also RSI is only 32... we are yet to enter oversold area

Target met 1579 (1580)
  • #18,731
  • May 9, 2012 6:24am May 9, 2012 6:24am
Next support position 1521
Any idea?
Attached Image (click to enlarge)
Click to Enlarge Name: P.JPG Size: 99 KB
  • #18,732
  • May 9, 2012 6:57am May 9, 2012 6:57am
Wrong. My SR zones.
1582
1567 (very strong)

But now reversal is going, no news today
  • #18,733
  • May 9, 2012 7:46am May 9, 2012 7:46am






#167








Patterns have an underlying mathematical structure.
  • #18,734
  • May 9, 2012 8:01am May 9, 2012 8:01am
Quoting Amir_Forex






#167








Long here?
  • #18,735
  • May 9, 2012 8:40am May 9, 2012 8:40am

Quoting multi888
Long here?


http://www.forexfactory.com/attachme...9&d=1336566853


Safe Long @ Red Zone










Patterns have an underlying mathematical structure.
  • #18,736
  • May 9, 2012 8:53am May 9, 2012 8:53am
Quoting Amir_Forex





http://www.forexfactory.com/attachme...9&d=1336566853


Safe Long @ Red Zone










Thank you.
  • #18,737
  • May 9, 2012 10:36am May 9, 2012 10:36am
Quoting Amir_Forex

#167
Got something to say, say it here.

Otherwise my ignore list always has room.
  • #18,738
  • May 9, 2012 11:46am May 9, 2012 11:46am
Yeah, those dirty, rotten, boogiemen, manipulators are at it again.

Of course almost all commodities, precious or otherwise, are falling off their respectives cliffs.

And the world's top stock market indices all deep in the red too.

But those Gold manipulators are really something.
  • #18,739
  • May 9, 2012 2:37pm May 9, 2012 2:37pm
Quoting SunTrader
Yeah, those dirty, rotten, boogiemen, manipulators are at it again.

Of course almost all commodities, precious or otherwise, are falling off their respectives cliffs.

And the world's top stock market indices all deep in the red too.

But those Gold manipulators are really something.
The price action today was very interesting. We had massive volumes (highest daily volumes for all 2012) and yet relatively low spread. The bears weren't able to get down past 1579. Price hasn't traveled very far north and still under the 1600.

Will the bulls push things back up above 1600 tomorrow or will the bears get price down to the 1564-68 range??

Purely based on volume analysis/pa today - it would seem more likely that 1600 will be breached tomorrow.


trade well,

LP

p.s. I could of course have completely misread the charts and if I have my losing strategy kicks in http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: gold-9thmay2012-highvolumes.gif Size: 29 KB
patience is a virtue
  • #18,740
  • May 9, 2012 5:31pm May 9, 2012 5:31pm
My chart shows vol yesterday of 244214 and today 227219 so although today was a narrower range than yesterday I don't make too much of it.

But I do think we will have a short term bottom since among different technical levels we are near the opening price for the year.
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