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

  • #34,021
  • Mar 4, 2015 1:59am Mar 4, 2015 1:59am
After viewing through plenty of threads, blogs and websites, Trying to get clarity on direction for Gold my conclusion is this. Gold should be going up, but won't. Plenty of analyst predict support at 1180-1185 range. For now I am going to ignore that range as temporary relieve because I cant see much historical data of various charts that triple bottoms (ignoring drop to 1130) holding as support. As much as I don't want too, currently I am holding the view that another 100 dollar drop in play.
  • #34,022
  • Mar 4, 2015 10:40pm Mar 4, 2015 10:40pm
numerical analysis based on daily chart confirms bullishness on gold,1195 is a good support,target is over 1240
  • #34,023
  • Edited 5:54am Mar 5, 2015 2:21am | Edited 5:54am
the 1195 is a daily support .....the 4h sup and res. have not been doing good lately but the 1199 gold just reached is a 4h support and did hold good so far will be confirmed by changing direction on 5000 sma on tick chart it will be by reaching around 1203....i guess its ready to take off
  • #34,024
  • Mar 5, 2015 4:23am Mar 5, 2015 4:23am
Not ready to rise yet it seems

It could break up and head to 1182/3, if broken then its heading back to 116x and then good bye.

1195,xx can save bulls though
COT: The precious data ignored
  • #34,025
  • Edited 4:55am Mar 5, 2015 4:32am | Edited 4:55am
now by reaching around 1201.50 tickchart confirms gold would be ticking up
  • #34,026
  • Mar 5, 2015 5:33am Mar 5, 2015 5:33am
Too much useless resistance on the way up, 1202/1207/1214. All these resistance came out of nowhere, it could be broken in one move up.

Waiting for NFP tomorrow.
COT: The precious data ignored
  • #34,027
  • Mar 5, 2015 6:00am Mar 5, 2015 6:00am
love to buy gold when the eur/jpy in red on weekly basis
  • #34,028
  • Mar 5, 2015 8:09pm Mar 5, 2015 8:09pm
Quoting wafiq
love to buy gold when the eur/jpy in red on weekly basis
please explain how do you link them?
  • #34,029
  • Mar 5, 2015 8:39pm Mar 5, 2015 8:39pm
read that once in a website,cant remember where but it was a table showing the percentage differantial in currency movement,eur/jpy had the biggest negative percentage with gold,since then i just keep looking on eur/jpy , just simple look on daily and weekly candle ,it gives an indication to the right direction >>>just as now the eur/jpy in the lower red weekly candle,my gold analyse is bullish and standing on big supports ,so i give it big chance for a green weekly candle for gold
  • #34,030
  • Mar 5, 2015 10:51pm Mar 5, 2015 10:51pm
Quoting wafiq
read that once in a website,cant remember where but it was a table showing the percentage differantial in currency movement,eur/jpy had the biggest negative percentage with gold,since then i just keep looking on eur/jpy , just simple look on daily and weekly candle ,it gives an indication to the right direction >>>just as now the eur/jpy in the lower red weekly candle,my gold analyse is bullish and standing on big supports ,so i give it big chance for a green weekly candle for gold
it is interesting, thanks
  • #34,031
  • Mar 6, 2015 12:29pm Mar 6, 2015 12:29pm
Quoting FXRobert
? {image}
for the reminder

I expected

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  • #34,032
  • Mar 7, 2015 10:13pm Mar 7, 2015 10:13pm
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Ro IMRAN Ro
  • #34,033
  • Mar 8, 2015 5:41am Mar 8, 2015 5:41am
was expecting (4) to end higher but now it seems like there is no way back. Preparing for a 50% drop.

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  • #34,034
  • Mar 8, 2015 5:48am Mar 8, 2015 5:48am
Quoting alayinizAMK
was expecting (4) to end higher but now it seems like there is no way back. Preparing for a 50% drop. {image}
Amazing chart!
@Aymankkhlifat
  • #34,035
  • Mar 8, 2015 6:03am Mar 8, 2015 6:03am
Quoting forexpipss
{quote} Amazing chart!
Thank you

Now i am just wondering why such a move can happen if it happens. It looks like so many are locked in to short crude but forget about xau/usd. I think the risk reward ratio looks great here.
  • #34,036
  • Mar 8, 2015 4:59pm Mar 8, 2015 4:59pm
Quoting lilpip
looking at the trends from my angle yearly and quaterly trends we started 2015 with the rotation back to the 1240-48 area and an attempt to start trading on the north side after reaching weekly highs the 1299 area and rotating back to weekly pivot 1248 and retest yearly and monthly pivot area 1240 which did not hold.
so trading on the south side of 1240 begins with a daily breakout to the weekly lows 1207 . so, the stronger trends pushed her south and btw same with silvers 17.50 area yearly pivot and $16.70 for feb. monthly.
feb monthly 1335 1240...
Keeping a pulse on the trends
With primary and the secondary trend pushing south from 1240-1248 area continued trending is noted as the smaller trend the monthly of march's guide or pivot (1221) pushed her south breaking out of daily lows and weekly lows $1186 last fri.
Eyes were on the 1201-1204 area last week and the tip of the hand was daily closing below along with trading south of daily pivot.
This week bias is down from last weeks weekly breakout $1186
monday
1201
1183-86
1153
mar monthly
1303
1221
1139
  • #34,037
  • Mar 9, 2015 5:05am Mar 9, 2015 5:05am
building shorts slowly.

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  • #34,038
  • Mar 9, 2015 6:10am Mar 9, 2015 6:10am
sell opportunity on $Gold around 1178/81 with tight stop targeting 1162 & 1156
@Aymankkhlifat
  • #34,039
  • Mar 9, 2015 9:34am Mar 9, 2015 9:34am
Quoting forexpipss
sell opportunity on $Gold around 1178/81 with tight stop targeting 1162 & 1156
Is that so, just because you say?

Or is there some significance that I fail to see.

It helps to explain or even better yet post a chart.
  • #34,040
  • Mar 9, 2015 9:52am Mar 9, 2015 9:52am
Quoting SunTrader
{quote} Is that so, just because you say? Or is there some significance that I fail to see. It helps to explain or even better yet post a chart.
though it should break 1182.66 at least in a general pa sense but strong pressure remain intact down to previous bottom to new ones before it can happen next.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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