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

  • #30,081
  • Dec 10, 2013 10:47am Dec 10, 2013 10:47am
Quoting thodie
XAU same chart as for XAG earlier today {image}
certainly WRECKED that H4 DTL.

Look at the two moves to 1215 area.

One sheerly rejected. the other a massive indecision candle, then after the last attempt down,

Breakout.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,082
  • Dec 10, 2013 10:49am Dec 10, 2013 10:49am
From your chart i'd say possible test of 1255 support area, on failure the beginning of a push to 1306 resistance/ old support.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,083
  • Dec 10, 2013 10:49am Dec 10, 2013 10:49am
Hi.Al guys
I have one positive trade with stop loss at 19€
Gold got to take up or down direction
I dont know if i close trade or not???????????
  • #30,084
  • Dec 10, 2013 11:00am Dec 10, 2013 11:00am
what to you mean stop at 19 EUR?

In any case, notice how the last pushes down are on less volume than the recent moves up? Large volume spikes then the trickle down affect.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,085
  • Dec 10, 2013 11:02am Dec 10, 2013 11:02am
Quoting sasastephe
Hi.Al guys I have one positive trade with stop loss at 19€ Gold got to take up or down direction I dont know if i close trade or not???????????

Unless it's a SURE FIRE LOSER,

Get used to NOT CLOSING TRADES UNTIL EITHER YOUR STOP IS HIT OR YOUR TAKE PROFIT.

If you are a noob and think you know how to scalp gold, I suggest learning how to trade HIGHER TIME FRAMES FIRST.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,086
  • Dec 10, 2013 11:04am Dec 10, 2013 11:04am
After today's firm breakout, here is my technical analysis and 2 possible scenarios for next few weeks.
Attached Image (click to enlarge)
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  • #30,087
  • Dec 10, 2013 11:07am Dec 10, 2013 11:07am
Quoting XTrade
{quote} certainly WRECKED that H4 DTL. Look at the two moves to 1215 area. One sheerly rejected. the other a massive indecision candle, then after the last attempt down, Breakout.
not a common TL - a fibo channel from the highs 28.aug and 30.oct
just do it
  • #30,088
  • Dec 10, 2013 11:20am Dec 10, 2013 11:20am
Quoting thodie
{quote} not a common TL - a fibo channel from the highs 28.aug and 30.oct

I should have refined that,
actually the TL I am referring to is not on your chart.

It's just from all the highs down to the break. It got KILLED.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,089
  • Dec 10, 2013 11:22am Dec 10, 2013 11:22am
Quoting XTrade
LONG or SHORT?
Long baised, but i'm waiting for a daily confirmation on Sliver for next day candle , this is how i'm looking at it:

A close above 19.77 momentum is so & so
A close above 20.0X Momentum is good
........... above 20.19 is strong
............ above 20.34 is super strong
"It's the Margin, Stupid."
  • #30,090
  • Dec 10, 2013 12:25pm Dec 10, 2013 12:25pm
Quoting Vachus
{quote} Long baised, but i'm waiting for a daily confirmation on Sliver for next day candle , this is how i'm looking at it: A close above 19.77 momentum is so & so A close above 20.0X Momentum is good ........... above 20.19 is strong ............ above 20.34 is super strong
20.50 will produce 21.xx the handle that silver likes.


agreed.


I'd say by mid next year we should be with a high around 35 and testing the 28/5 level
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,091
  • Dec 10, 2013 12:33pm Dec 10, 2013 12:33pm
Quoting XTrade
{quote} 20.50 will produce 21.xx the handle that silver likes. agreed. I'd say by mid next year we should be with a high around 35 and testing the 28/5 level
As long as it keeps on respecting the close, it should keep on climbing .... ( So, i'm on the long side till proven wrong)
"It's the Margin, Stupid."
  • #30,092
  • Dec 10, 2013 12:52pm Dec 10, 2013 12:52pm
Welp,

I gotta say, as much as I don't like to pick them due to the old trader's adage,

"picking bottoms makes you come up with smelly fingers"

But, After sheer rejection on a close or even BREAK of 1200 - It seems 1180 is off limits. AND THE BOTTOM is setting.
Sure we could have a blast down, yet, at this rate, it will likely be rejected with a 50 USD move north.

As someone else and I have mentioned - QUARTER END AND YEAR END = " Window Dressing time"

meaning the powers that be want to close with GREEN on the book.

Some funds are LONG ONLY.

Trading in FX is VIRTUALLY the only market that allows you to Short without borrowing or being "naked".

Due to the nature of being short and long at the same time. ALWAYS. Try this with futures and it's not the same. per-say...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,093
  • Dec 10, 2013 12:56pm Dec 10, 2013 12:56pm
I am on page 1008, yet I have my forum set up to 30 responses per page I believe,

Can someone give me the page number that they have without any changes made to your personal preferences please?

Thanks,
XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,094
  • Dec 10, 2013 1:00pm Dec 10, 2013 1:00pm
1512, have not made any changes (i´m aware of)
just do it
  • #30,095
  • Dec 10, 2013 1:48pm Dec 10, 2013 1:48pm
Quoting XTrade
I am on page 1008, yet I have my forum set up to 30 responses per page I believe, Can someone give me the page number that they have without any changes made to your personal preferences please? Thanks, XT-
Yeah, 1512 now. Just ignored 1 player here. Fortunately silence is golden and he has shutup so I can get rich. Peacefully...
You win, you lose. All else is history. The future does not exist.
  • #30,096
  • Dec 10, 2013 1:54pm Dec 10, 2013 1:54pm
Quoting pipcenturion
{quote} Hi, check the excel file and see the changes I made to it. Have a pleasant day. {file}
Thanks a lot for the help pipcenturion, those lot sizes now, are they then micro lots or mini lots? Is there a way to indicate that?


Cheers
  • #30,097
  • Dec 10, 2013 2:53pm Dec 10, 2013 2:53pm
Quoting The Rhodie
{quote} Yeah, 1512 now. Just ignored 1 player here. Fortunately silence is golden and he has shutup so I can get rich. Peacefully...

Well, you all will likely be happy that I have CUT a FEW LOOSE ends,
on my own accord. - It's all public so just check my Ignore list-

There is not really much room here for repetitive, unsubstantiated claims as people come here with money -
REAL MONEY (not a demo) at that and look for advice or help.

There are some regular rules for the NOOBS in post ONE.

Also, the NOOBS should always be given a chance or 5 to learn from the more "experienced" traders here.

SO have patience and embrace them kindly.

BTW, I think it's about time I opened up a new DEMO for the greater good of the thread?...

Any votes?

Y or N
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,098
  • Dec 10, 2013 2:56pm Dec 10, 2013 2:56pm
Quoting thodie
1512, have not made any changes (i´m aware of)
Thanks, thodie,

You would know if you did, as you have to manipulate the settings in your personal preferences.


IN ANY CASE!!! Thanks to all for cracking 1000 pages or in the regular case 1500 - on to 2k.
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,099
  • Dec 10, 2013 2:58pm Dec 10, 2013 2:58pm
Quoting LarryLU
After today's firm breakout, here is my technical analysis and 2 possible scenarios for next few weeks. {image}
Eh, Double bottom???.... - your chart shows a great response to the 1215 - supporting 1200 area.

Mebbe....


EDIT: I use QUARTERS to round the gold price to - IE 1200-1225-1250-1300

YET - In the case of PSYCH SUPPORT LEVELS Ie: 1300 - I often find support and resistance to lie around 5 and 15 appx USD above and below the level.

Thus, it is NOT 1300 that is the barrier it is 1305,

and the support further down comes in around 1185/ 1195 as we have seen,

LIKEWISE,
1215, HAS BEEN MAJOR SUPPORT THIS PAST WEEK,

IE: 1200 + 15 "said" = 1215
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,100
  • Dec 10, 2013 3:07pm Dec 10, 2013 3:07pm
Quoting LarryLU
After today's firm breakout, here is my technical analysis and 2 possible scenarios for next few weeks. {image}

I know it's over time, but on a daily basis gold will not start swinging 75 in a day until the market has fully manned desks and a TON of volume.

BUT< beware all that in these LOW VOLUME times, people - even LARGE CAP SPECS, can move the market..

For any one new, please take a look at

POST ONE for some Guidance.

thX.

until later.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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