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

  • #22,341
  • Jan 16, 2013 12:14pm Jan 16, 2013 12:14pm

Quoting Olu
Have you heard about the mahogany tree pattern?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,342
  • Jan 16, 2013 12:20pm Jan 16, 2013 12:20pm
A bit unsubstantialized, but high coming in again exactly 5:30 NYT. Not bad. Might breach the downtrend line again, on daily since Nov 29, but it has been already there and then huge move down followed.
  • #22,343
  • Jan 16, 2013 12:31pm Jan 16, 2013 12:31pm
It seems after the last dip on mid term charts - H1 h2 h4 etc.
The price has rebounded quite nicely with dips and peaks working off a minor rising TL.

I am suspecting do the the reaction high around 1695 we may hit some resistance around 1692. Shown in chart.

1700 should be easily taken if we continue riding this way, It's always these 8 or 18 below the psych level that act as the stronger resistances - ie 1692 / 1682

Simple chart attached.

Silver back above 30! nice.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 2h 1 13.GIF Size: 62 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,344
  • Jan 16, 2013 12:33pm Jan 16, 2013 12:33pm
Not quite sure what you are referring to here, please elaborate.

Quoting ivars
A bit unsubstantialized, but high coming in again exactly 5:30 NYT. Not bad. Might breach the downtrend line again, on daily since Nov 29, but it has been already there and then huge move down followed.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,345
  • Jan 16, 2013 12:36pm Jan 16, 2013 12:36pm
Quoting XTrade
Not quite sure what you are referring to here, please elaborate.
This:
http://img217.imageshack.us/img217/8...endlineaga.png
  • #22,346
  • Jan 16, 2013 2:24pm Jan 16, 2013 2:24pm
my english is bad...
i am some weird...
my market look is some weird...
i understand makromantality very good and smell market tricks...
i guess very good...
i dont know pattern and others...
i use indicators and draws how i want and feel...
i think and write only about market , and how i want...
i have nothing with other things and people, here...
i love forex sooo much...
i am very good market analyst...
  • #22,347
  • Jan 16, 2013 2:40pm Jan 16, 2013 2:40pm
Quoting TheArcher
based on what do u expect it move near 1640 again ? when do u expect it to move near 1640 ?
the problem actually is about the not so clear and strong move higher than 1680 which is very important level in my study.
srry have no charts now on laptop
i base my studies on weekly/monthly also daily.
price is now trying to build this area as support, but still some work has to be done.
until there is no clear bullish close >1680 and price using this as daily support..... i suspect more down to come easily.
maybe no 1640 but somewhere near, is still possible
when? heheh... i don't know
90% of traders use TA, indicators and prediction
  • #22,348
  • Edited 6:43pm Jan 16, 2013 4:45pm | Edited 6:43pm
gold should not go far away from red lines...
Attached Image (click to enlarge)
Click to Enlarge Name: im.jpg Size: 187 KB
  • #22,349
  • Jan 16, 2013 8:40pm Jan 16, 2013 8:40pm
Quoting prototip
my english is bad...
my market look is some weird...
i understand makromantality very good and smell market tricks...
i guess very good...
i love forex sooo much...
i am very good market analyst...
Very glad that u are a very good market analyst. Appreciate ur confidence in ur analysis.

As per ur chart , wherehence from here ? up or down ?
Attached Image
  • #22,350
  • Jan 16, 2013 8:54pm Jan 16, 2013 8:54pm
double bottom ?

range ?
Attached Image (click to enlarge)
Click to Enlarge Name: gold1701.png Size: 36 KB
  • #22,351
  • Edited 9:27pm Jan 16, 2013 9:14pm | Edited 9:27pm
just posting this becos this looks cute and neat .. (aesthetically , of course )
Attached Image
  • #22,352
  • Jan 16, 2013 11:16pm Jan 16, 2013 11:16pm
Quoting TheArcher
double bottom ?

range ?
that is what i meant by possible new move near 1640 and also possible double b in daily posted 2-3 days ago.
actually double b will confirm with a clear breakout >1680 which seems like actually not so much simple.
definetly, for a swing one, more patience is required!
90% of traders use TA, indicators and prediction
  • #22,353
  • Jan 17, 2013 1:12am Jan 17, 2013 1:12am
Retesting a support turned into resistance? (silver): Went short from 31,5 to test this in practice:

http://img35.imageshack.us/img35/340...alresistan.png

This morning:
http://img203.imageshack.us/img203/1...nglongterm.png
  • #22,354
  • Jan 17, 2013 4:12am Jan 17, 2013 4:12am
Looks like there are more bears and ''rangers'' a the moment.

My view is that if the price prints 1686 it is going to go higher or if we go to touch 1673 we continue further down.

I'm more biased to the upside though and have a long running from 1678.5 with stop at 73.
  • #22,355
  • Jan 17, 2013 4:16am Jan 17, 2013 4:16am
just thinking aloud .....

so .... German repatriation of reserves excited the market and price moved up .... this might be short-term move upwards ... that means it might correct and retrace after hitting the resistance ....

just thinking aloud ...
  • #22,356
  • Jan 17, 2013 4:43am Jan 17, 2013 4:43am
Quoting TheArcher
just thinking aloud .....

so .... German repatriation of reserves excited the market and price moved up .... this might be short-term move upwards ... that means it might correct and retrace after hitting the resistance ....

just thinking aloud ...
I dont know if you seen it but one of the political parties in Holland are also demanding repatriation of their gold reserves from the US.
  • #22,357
  • Jan 17, 2013 4:51am Jan 17, 2013 4:51am
Quoting lexazver
I dont know if you seen it but one of the political parties in Holland are also demanding repatriation of their gold reserves from the US.
i didn't know that .... but i was thinking that it is the usual kind of knee jerk reaction after such kind of announcements ..... lets see how things unfold ..
  • #22,358
  • Jan 17, 2013 5:26am Jan 17, 2013 5:26am
For knowledge purposes, may I enquire in detail how does repatriation of gold reserves drive prices higher?

A bit lost on that. Many thanks.
  • #22,359
  • Jan 17, 2013 6:10am Jan 17, 2013 6:10am
Quoting Pluvius
For knowledge purposes, may I enquire in detail how does repatriation of gold reserves drive prices higher?

A bit lost on that. Many thanks.
cheeky reply .....

its all about perception ... that USA is not trustworty ... USA can't be trusted with our gold in their hands ... they might turnaround and hold our gold as ransom ....so USA is bad ... therefore we Germans must pull back our gold ... therefore US Dollar loses it trustworthiness ... therefore US Dollar becomes weak .... therefore gold gains strenght .....

grinning from ear to ear !
  • #22,360
  • Jan 17, 2013 6:58am Jan 17, 2013 6:58am
Quoting TheArcher
cheeky reply .....

its all about perception ... that USA is not trustworty ... USA can't be trusted with our gold in their hands ... they might turnaround and hold our gold as ransom ....so USA is bad ... therefore we Germans must pull back our gold ... therefore US Dollar loses it trustworthiness ... therefore US Dollar becomes weak .... therefore gold gains strenght .....

grinning from ear to ear !
Can I argue the opposite as follows:

Germany needs money. Germany calls Gold in. Germany sells Gold. Gold drops to 500. Likely isnt it?
If you think you can or cannot do it you are correct
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