XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1634 | Crypto Craft

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

  • #32,661
  • Feb 18, 2014 2:40pm Feb 18, 2014 2:40pm
Everybody seems jumping into bonds, so oil, gold and euro should crash...
  • #32,662
  • Feb 18, 2014 3:11pm Feb 18, 2014 3:11pm
Quoting letscry
for a long term 1307 and 1420 areas are decission areas for me. {image}
the 1350 will be taff to reach for the bulls - a cross resistance, look at the daily chart i posted 2 or 3 days ago!
just do it
  • #32,663
  • Feb 18, 2014 3:32pm Feb 18, 2014 3:32pm
HI GUY's
sorry for my english
there are lots of posts for gold, but what do you thinks for silver???
  • #32,664
  • Feb 18, 2014 5:15pm Feb 18, 2014 5:15pm
Quoting sasastephe
HI GUY's sorry for my english there are lots of posts for gold, but what do you thinks for silver???
Silver is on 14 day up streak and is thought to outperform gold in a medium term. But both must move in the same direction
  • #32,665
  • Feb 18, 2014 5:27pm Feb 18, 2014 5:27pm
gold and silver must move in the same direction, im agree.
Else has to know now if gold will follow the money up or vice versa
  • #32,666
  • Feb 18, 2014 6:34pm Feb 18, 2014 6:34pm
Quoting JimmyC
XAUUSD Daily Should the candle close in similar form to now... Caution the hanging man Not a bullish signal. Tested as far as 1312. Perhaps a test of 1305 is on the cards? {image}
Yes. I have that level on my chart too. 1305 will be opportunity for bulls to load their longs. I am also eyeing that level if we gets there.
The true fact is market doesn't care, risk mgt is important.
  • #32,667
  • Feb 19, 2014 12:18am Feb 19, 2014 12:18am
XAGUSD
Monthly (last candle invalid)
Downtrend intact bottom in place? Bullish Advance block with confirmation
Attached Image (click to enlarge)
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Weekly
50 candle sma acting as ST resistance
Break above monthly resistance area of support for bullish entry
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSD Weekly.png Size: 34 KB


Daily
Long legged doji indicates support and more specifically Resistance, break of this level is a bullish signal
PA above 200sma (technical uptrend) 50 day sma pointing up and showing signs of becoming dynamic support
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSD Daily.png Size: 33 KB


General rule of trading silver... it will follow gold... Therefore we chart gold to trade silver..

Good trading
  • #32,668
  • Feb 19, 2014 12:41am Feb 19, 2014 12:41am
thanks for the chart
  • #32,669
  • Feb 19, 2014 1:11am Feb 19, 2014 1:11am
you guys should watch this
Inserted Video
FailOrRiseEX
  • #32,670
  • Feb 19, 2014 1:21am Feb 19, 2014 1:21am
XAU 5min flag ..SHORT..
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  • #32,671
  • Feb 19, 2014 2:00am Feb 19, 2014 2:00am
Quoting Nitsan_Levi
XAU 5min flag ..SHORT.. {image}
Sir Nitsan

Some concerns, to protect you, perhaps from your experience. I see no flag

While I appreciate that anything is possible... Your short term trend is in conflict with the intermediate trend.
You are shorting in the middle of the Support Resistance area's. Note price is compressing lower highs and higher lows (1H view) you need to stack the odds in your favour. A discretionary entry, should at least be with the most prevalent trend and with due regard to most time frames, TL's etc

Good luck, trade safe

XAUUSD 1H
Attached Image (click to enlarge)
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Pattern identified
Attached Image


better examples
  • #32,672
  • Feb 19, 2014 2:09am Feb 19, 2014 2:09am
Follow-up of the descending triangle breakout, (yellow lines) as well as break-out of the upper channel. Now, it appears to have a pull-back on the upper channel as well on the 200EMA.
My opinion is the gold market is very bullish.
best!
Attached Image (click to enlarge)
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  • #32,673
  • Feb 19, 2014 2:20am Feb 19, 2014 2:20am
its useless to analyze current stop in the middle of nowhere, better read the charts
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  • #32,674
  • Feb 19, 2014 2:30am Feb 19, 2014 2:30am
Quoting JimmyC
{quote} Sir Nitsan Some concerns, to protect you, perhaps from your experience. I see no flag While I appreciate that anything is possible... Your short term trend is in conflict with the intermediate trend. You are shorting in the middle of the Support Resistance area's. Note price is compressing lower highs and higher lows (1H view) you need to stack the odds in your favour. A discretionary entry, should at least be with the most prevalent trend and with due regard to most time frames, TL's etc Good luck, trade safe XAUUSD 1H {image} Pattern identified...
HI Jimmy...its call "Gartley Pattern"
Attached Image
  • #32,675
  • Feb 19, 2014 2:40am Feb 19, 2014 2:40am
Quoting Nitsan_Levi
{quote} HI Jimmy...its call "Gartley Pattern" {image}
I see that you are on 5 mins charts.

Correct me if I am wrong, Gartley pattern may not be reliable on lower TF such as 5 mins, however, it served as a highly reliable directional guideline on higher TF such as H4 or Daily. I used it too on at least H4 TF.
The true fact is market doesn't care, risk mgt is important.
  • #32,676
  • Edited 2:54am Feb 19, 2014 2:44am | Edited 2:54am
its work fine in low time frame like in big time frame..
I love this pattern when in the end of the AB=CD , there is there PIVOT POINT or SMA(simple moving everage) 200 or 300
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  • #32,677
  • Edited 3:16am Feb 19, 2014 2:55am | Edited 3:16am
Hourly became quite bullish, failure to retake 1327 might bring it down again
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  • #32,678
  • Feb 19, 2014 3:20am Feb 19, 2014 3:20am
Quoting Nitsan_Levi
{quote} HI Jimmy...its call "Gartley Pattern" {image}
Hi Nitson,

I think its safer on higher timeframes, this isn't an encouraging pattern

prefer Daily and 4H for these it takes the ulcers out of it

Good trading to you, targets to the right in fibo
Attached Image (click to enlarge)
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  • #32,679
  • Feb 19, 2014 3:22am Feb 19, 2014 3:22am
I try 1 more time short...Gartley Pattern plus sma 200 sma 300... 10min
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  • #32,680
  • Feb 19, 2014 3:23am Feb 19, 2014 3:23am
Quoting Nitsan_Levi
its work fine in low time frame like in big time frame.. I love this pattern when in the end of the AB=CD , there is there PIVOT POINT or SMA(simple moving everage) 200 or 300 {image} {image}
Nice charts
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