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

  • #24,141
  • Jul 29, 2013 12:24pm Jul 29, 2013 12:24pm
Quoting m3rlin
hi all . on 4h silver chart we haved some bullish signal ( some candle above 200SMA ) but not cofirmed by 8h chart . Only if PA will be above 200SMA on both charts then we could expect a trend chancge . {image} {image}
Agreed!

Awesome! Welcome and thank you for posting some silver charts!


XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,142
  • Jul 29, 2013 12:26pm Jul 29, 2013 12:26pm
this is my second time counting Elliottwave i need help if my count is not right please correct me

you can see on the chart i think we will target 1360-1380 for B wave then come down to 1320 for C thats my gusse

if my counting incorrect i don't mind any help im still nob in this matter
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 100 KB
  • #24,143
  • Jul 29, 2013 12:27pm Jul 29, 2013 12:27pm
NO, Not at all

GOLD loves,
Symmetrical Triangle Breakouts.
FLAGS
H&S Regular or inverse
Moving Sideways
TLs
MAs
AND MOST OF ALL SUPPORT AND RESISTANCE
Quoting Pair-me-up
{quote} I hear you about the sleep. I live in Asia and I should be asleep.. lol One thing that I have noticed about gold. It seems to follow some of the candlestick patterns better than other equities that I have seen. My theory for this, is that they love to buy and sell gold here in Asia.. and that the Japanese candlesticks are an Asian method to read the PA that might be well known here in Asia. Sometimes, there are a few t.v. channels here where some guy is explaining TA on some chart. Also, I noticed that Head and shoulders and ascending and...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,144
  • Jul 29, 2013 12:34pm Jul 29, 2013 12:34pm
Quoting Bo_fajer
this is my second time counting Elliottwave i need help if my count is not right please correct me you can see on the chart i think we will target 1360-1380 for B wave then come down to 1320 for C thats my gusse if my counting incorrect i don't mind any help im still nob in this matter {image}

Hey, Thanks for posting again, I personally don't trade EW.

But, there is someone who posted recently that does.

Perhaps I can wake him up to your question.

Otherwise, Channel looks good. If you are a bull than we don't want too much deviation in either direction to continue.

Bear, well u just want to see it crack....

This Up TL has been respected thus far. If a shakedown was coming I think it would have happened already.

We still need to wait for news.

XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,145
  • Jul 29, 2013 12:42pm Jul 29, 2013 12:42pm
Quoting XTrade
{quote} Hey, Thanks for posting again, I personally don't trade EW. But, there is someone who posted recently that does. Perhaps I can wake him up to your question. Otherwise, Channel looks good. If you are a bull than we don't want too much deviation in either direction to continue. Bear, well u just want to see it crack.... This Up TL has been respected thus far. If a shakedown was coming I think it would have happened already. We still need to wait for news. XT-
I'm bull and i think that it well rest above 1320 before advancing again

i will wait for the feed back thank you
  • #24,146
  • Jul 29, 2013 12:44pm Jul 29, 2013 12:44pm
On my charts.. looking at the 2 hour chart... I have a very strong bearish dark cloud cover candlestick pattern that doesn't seem to have played out yet. It it decides to play out then, I think we will get a further down move to prepare for a stronger up move. Looking at my daily chart, I think the Xau/Usd is at a crossroads. If it drops below 1300, then I think that it has a chance to build another shoulder for an inverted head and shoulders pattern.. and it would be a huge.. we're talking huge like those monsters and robots on Pacific Rim. If it breaks up further, then I think it will shoot for a target of 1500 or higher, but I don't think it will get there in one day. Anyways, I could be totally wrong as I am still new to this pair. I still have lots to learn.
Luck has no place in trading. Leave that for the poker table.
  • #24,147
  • Jul 29, 2013 1:17pm Jul 29, 2013 1:17pm
fixing my count

down to 1310-1300

advancing after that to 1400
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 149 KB
  • #24,148
  • Jul 29, 2013 1:37pm Jul 29, 2013 1:37pm
His name is Infinitus.

Perhaps he can help you with EW. Personally I don't trade it, or believe in it, but he makes a LOT OF SENSE.

Sorry to call you out INF. But there are people here eager to learn.

XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,149
  • Jul 29, 2013 1:40pm Jul 29, 2013 1:40pm
Quoting Bo_fajer
fixing my count down to 1310-1300 advancing after that to 1400 {image}
There's a bit of room for wiggle in this channel that's why I LIKE IT!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,150
  • Jul 29, 2013 7:23pm Jul 29, 2013 7:23pm
WOW so no one talks??????

Jeese at least spit out a scalp???!!!!!!!

Do I have to do allllllll the work?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,151
  • Jul 29, 2013 7:25pm Jul 29, 2013 7:25pm
Quoting Bo_fajer
fixing my count down to 1310-1300 advancing after that to 1400 {image}

I could see a potential bottom channel tap - yet, buy stops will be likely triggered in that zone
which is appx 1310 if I remember correctly.....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,152
  • Jul 29, 2013 7:28pm Jul 29, 2013 7:28pm
OK if NOT POSITIONED - Here is my call on the 3 day chart. Do NOTHING.

Wait for a break.
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,153
  • Jul 29, 2013 7:29pm Jul 29, 2013 7:29pm
im still studying my counting for the gold i got help from someone in twitter that makes the chart in sync with my elliot wave idea

1310-1300 there will be a wave 4 then up to 1425 for a wave 5
i will put a chart tomorrow

i think breaking 1290-1280 will cansel my idea and it will come down
  • #24,154
  • Jul 29, 2013 8:04pm Jul 29, 2013 8:04pm
Quoting Bo_fajer
im still studying my counting for the gold i got help from someone in twitter that makes the chart in sync with my elliot wave idea 1310-1300 there will be a wave 4 then up to 1425 for a wave 5 i will put a chart tomorrow i think breaking 1290-1280 will cansel my idea and it will come down
I sent him a PM.. He will respond. I cannot help u with EW. I don't trade it. or use it. Especially with GOLD / Silver...............
My Apologies.

XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,155
  • Jul 29, 2013 8:05pm Jul 29, 2013 8:05pm
Quoting Bo_fajer
im still studying my counting for the gold i got help from someone in twitter that makes the chart in sync with my elliot wave idea 1310-1300 there will be a wave 4 then up to 1425 for a wave 5 i will put a chart tomorrow i think breaking 1290-1280 will cansel my idea and it will come down

We have to wait for NEWS! Gold is VERY HEADLINE DRIVEN.
FOMC + UNPLYMT.

Two biggies.

The chart will do nothing until theSe releases.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,156
  • Jul 29, 2013 8:29pm Jul 29, 2013 8:29pm
Quoting XTrade
{quote} We have to wait for NEWS! Gold is VERY HEADLINE DRIVEN. FOMC + UNPLYMT. Two biggies. The chart will do nothing until theSe releases.

Gold buyers waiting for this big information crossed my mind as well. I finally went and got some sleep. Do my best sleep in the weekends.

My USD index is going up like crazy, while for the first three hours of my day here in Taiwan, Gold and the USD went up together.
Luck has no place in trading. Leave that for the poker table.
  • #24,157
  • Jul 29, 2013 8:33pm Jul 29, 2013 8:33pm
i am new to this pair and also to forex market. started trading gold only earlier this month. made a lot and lost a lot too.hehehe. on another note that i've noticed is, 1st friday of every month is the US unemployment rate news and also NFP will play a big roll to the market volatility. i've made like 1k usd on US June unemployment rate. the candlestick (i would rather call it magic stick) boomed!
  • #24,158
  • Jul 29, 2013 9:38pm Jul 29, 2013 9:38pm
Just added some new charts.... Copper, Silver, palladium, and platinum... Found out how 50% of silver is used and 10% of gold is used. I imagine that in the future as electronics that use gold become more popular, then the price of gold will go up a lot. But only my guestimate.
Luck has no place in trading. Leave that for the poker table.
  • #24,159
  • Jul 30, 2013 12:04am Jul 30, 2013 12:04am
Quoting Bo_fajer
fixing my count down to 1310-1300 advancing after that to 1400 {image}

Hi Bo,

looks very good your count so far.

Since my longer term count needs to see more bearish action (note: it is only my opinion), we have here two alternatives:

A) your impulse may develop to a ABC-x-ABC
B) your impulse is wave A of a bigger ABC-zigzag


Conclusion for all counts:

over the next days we should see downside action


Trade well,


Markus
  • #24,160
  • Jul 30, 2013 12:05am Jul 30, 2013 12:05am
Quoting XTrade
His name is Infinitus. Perhaps he can help you with EW. Personally I don't trade it, or believe in it, but he makes a LOT OF SENSE. Sorry to call you out INF. But there are people here eager to learn. XT-

Hehe, done!!!

Sorry for not much around - am buried with work, sadely
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