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

  • #33,401
  • Apr 7, 2014 2:55am Apr 7, 2014 2:55am
XAU/USD
Growth took place without updating minimum 1277.50. I plan to open long positions on the retest range 1292-1295 with a stop in 1286 and goals in the area of ​​1310-1316.

http://ic.pics.livejournal.com/deas8...300215_900.png

XAG/USD
Silver is in the range of 19.60-20.00. Silver updated 20.20. Large volumes formed in the region 20.05-20.15. I'm going to open long positions from 19.75 in the formation of large volumes of there with a stop at 19.56 and objectives in the area of ​​20.10.

http://ic.pics.livejournal.com/deas8...300355_900.png
  • #33,402
  • Apr 7, 2014 4:29am Apr 7, 2014 4:29am
Quoting Deas
XAU/USD Growth took place without updating minimum 1277.50. I plan to open long positions on the retest range 1292-1295 with a stop in 1286 and goals in the area of ​​1310-1316. {image} XAG/USD Silver is in the range of 19.60-20.00. Silver updated 20.20. Large volumes formed in the region 20.05-20.15. I'm going to open long positions from 19.75 in the formation of large volumes of there with a stop at 19.56 and objectives in the area of ​​20.10. {image}
Great Stuff, i like this
  • #33,403
  • Edited 6:13am Apr 7, 2014 5:41am | Edited 6:13am
Prime example of manipulation on Silver post Asia session/London Open this morning and its not over yet.

Trading within range through Asia.
London Opens.
Big players sell and price drops lower to collect Stops below range.
Creating a large Influx of Sell orders (stopped out retail buyers) and Breakout short sellers which BIG MONEY (banks) can trade against and BUY.
Therefore driving price higher.

This happens everyday on every market just not at the same time of course, structure leaves clues.



Attachment
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  • #33,404
  • Apr 7, 2014 5:50am Apr 7, 2014 5:50am
wondering who could enter the market in this PA.
A trade should be based on an assumption based on facts
  • #33,405
  • Apr 7, 2014 7:59am Apr 7, 2014 7:59am
$1309 - $1310 (the intersection of 20-day EMA and 40-day EMA) becomes important resistance for GOLD prices, breaking which it can test $1330
  • #33,406
  • Apr 7, 2014 8:12am Apr 7, 2014 8:12am
Sure...but ill it break 1300 resistance first? or will it retest lower level then pull back?
  • #33,407
  • Apr 7, 2014 8:13am Apr 7, 2014 8:13am
Quoting Fx_Anil
$1309 - $1310 (the intersection of 20-day EMA and 40-day EMA) becomes important resistance for GOLD prices, breaking which it can test $1330
Sure...but ill it break 1300 resistance first? or will it retest lower level then pull back?
  • #33,408
  • Apr 7, 2014 9:10am Apr 7, 2014 9:10am
things look nice and ready to make a daily high or low. how can we know the direction? maybe a coin toss
A trade should be based on an assumption based on facts
  • #33,409
  • Apr 7, 2014 8:14pm Apr 7, 2014 8:14pm
Quoting spinozagr
TF 1 hour...closed below 20Ma Looking south Trade safely and believe in go(l)d
hope you make it (south)?

silver is looking good - potentially heading south.
if so gold will follow.
http://www.forexfactory.com/showthre...68#post7389168
my 2 cents view.
cheers
  • #33,410
  • Apr 8, 2014 12:14am Apr 8, 2014 12:14am
Quoting tlpfx14
{quote} hope you make it (south)? silver is looking good - potentially heading south. if so gold will follow. http://www.forexfactory.com/showthre...68#post7389168 my 2 cents view. cheers
Hi mate,

i have already closed this positioned... it was about yesterday morning... Today is other day... i have opened a long position and i will stay with it as far as it remains above 20MA ...

venceremos
The good thing with the future is that it is progressively approaching...
  • #33,411
  • Apr 8, 2014 12:23am Apr 8, 2014 12:23am
Quoting waleed.khan
{quote} Sure...but ill it break 1300 resistance first? or will it retest lower level then pull back?
It should Ideally comeback to $1280 level and then a pullback can fuel it towards $1300 breakout. Though, $1310 becomes near term resistance.
  • #33,412
  • Apr 8, 2014 12:24am Apr 8, 2014 12:24am
Quoting alagiri64
{quote} YOU MAY BE RIGHT. THE FOLLOWING ARTICLE RELEASED RECENTLY ALSO SUPPORT US IN OUR VIEW: Arensberg's commentary is headlined "Comex Commercial Traders Covering Gold Shorts in a Hurry" and it's posted at the GGR Internet site here: http://www.gotgoldreport.com/2014/03/comex-commercial-traders-covering-g...
Good One....
  • #33,413
  • Apr 8, 2014 12:35am Apr 8, 2014 12:35am
1322/26/33/41
Attached Image
A trade should be based on an assumption based on facts
  • #33,414
  • Apr 8, 2014 12:51am Apr 8, 2014 12:51am
Quoting Mave
1322/26/33/41 {image}
1309/13 for immediate resistance. (not so immediate)
A trade should be based on an assumption based on facts
  • #33,415
  • Apr 8, 2014 1:36am Apr 8, 2014 1:36am
Resistance at φ=61,8%....
Attached Image (click to enlarge)
Click to Enlarge Name: YOagoaE.png Size: 88 KB
The good thing with the future is that it is progressively approaching...
  • #33,416
  • Apr 8, 2014 1:53am Apr 8, 2014 1:53am
KiwiOz, 1 more chart please, if you have !
A trade should be based on an assumption based on facts
  • #33,417
  • Apr 8, 2014 2:22am Apr 8, 2014 2:22am
Quoting spinozagr
{quote} Hi mate, i have already closed this positioned... it was about yesterday morning... Today is other day... i have opened a long position and i will stay with it as far as it remains above 20MA ... venceremos
looking good
  • #33,418
  • Apr 8, 2014 2:25am Apr 8, 2014 2:25am
Quoting spinozagr
Bat pattern This pattern is valid when price respects and bounces off of the XA swing high swing low to form point B at the 38.2% or 50% Fibonacci retracement levels (but not more than 61.8%). The target of point D is in fact using the same XA swing high swing low and is aiming for the 88.6% Fibonacci retracement level of XA. The CD leg is therefore longer than the AB leg. Trade safely and Believe in Go(l)d {image}
Bat pattern in progress... Will it confirmed?
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The good thing with the future is that it is progressively approaching...
  • #33,419
  • Edited 3:43am Apr 8, 2014 3:21am | Edited 3:43am
Gold now pushing for 1.618 extension target of 1325 @ H1/H4 Fibonacci swing. Didnt quite reach an entry at 1290, but the 38.2 retracement shows the strength of the BULLs at the moment.

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Silver following suit also. However after price has now retraced to the 78.6 area of our Fibonacci drawing, after the manipulation at our BUY area @ 11.95/12 sweeping away any Bears, we can expect a push to the 1.27 extension at 12.26 initially in the next day or so.

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  • #33,420
  • Apr 8, 2014 4:40am Apr 8, 2014 4:40am
If it closes today above 1310.... we are getting to a new price range of 1310-1341...
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The good thing with the future is that it is progressively approaching...
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