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

  • #34,061
  • Mar 11, 2015 5:33pm Mar 11, 2015 5:33pm
If anyone needs encouragement to the bearish side just look at a Gold/U.S.Dollar ratio chart - like hmmmm this one for instance:
Attached Image (click to enlarge)
Click to Enlarge Name: GoldDollar.png Size: 79 KB
  • #34,062
  • Mar 12, 2015 4:11am Mar 12, 2015 4:11am
Morning NY
Wed Daily close above weekly low area 1153 bias is up from their.
eyes on 1159-60 then 1170 response.
  • #34,063
  • Mar 12, 2015 8:17am Mar 12, 2015 8:17am
Thur daily
1201
1170
1139
If break below 1153 on to 1145 with eyes on 1139
Daily
15.90
15.56
15.22
  • #34,064
  • Mar 12, 2015 7:15pm Mar 12, 2015 7:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: FuQFoyI.png Size: 34 KB
Ro IMRAN Ro
  • #34,065
  • Edited 8:41pm Mar 12, 2015 8:08pm | Edited 8:41pm
another day closing at or above 1153 but shes sure doesnt seem motivated to rotate back to test 1186 breakout area .
Got to take it a day at a time
bias is doan from 1167
fri daily
1194
1167
1140
Fri daily
16.16
15.68
15.20
  • #34,066
  • Edited 2:56am Mar 13, 2015 2:30am | Edited 2:56am
Sitting on daily pivot right now, but i think we will go down pretty soon.
M15, M30, H1 and D1 is looking bearish, and with 68% of bulls we should hit a lot of SL before we start going up again (if).

Quoting mamalujo
{quote} I'm sure you wish you didnt close your shorts
Better safe than sorry.
Hard to stay calm in this rollercoaster, when you have big lot trades.
  • #34,067
  • Mar 13, 2015 5:36am Mar 13, 2015 5:36am
Bad news. RIP shorts.
  • #34,068
  • Mar 13, 2015 6:03am Mar 13, 2015 6:03am
Quoting Jonh
Sitting on daily pivot right now, but i think we will go down pretty soon. M15, M30, H1 and D1 is looking bearish, and with 68% of bulls we should hit a lot of SL before we start going up again (if). {quote} Better safe than sorry. Hard to stay calm in this rollercoaster, when you have big lot trades.
Yes daily is down
on the stronger weekly trend though 1153 area is key for rotation back
Add in mix 3 days of closing above
  • #34,069
  • Mar 13, 2015 6:53am Mar 13, 2015 6:53am
Friday's almost always fizzle out once London closes, and especially after NYC heads to liquid lunch.
  • #34,070
  • Mar 13, 2015 7:27am Mar 13, 2015 7:27am
Best gold action like always...
  • #34,071
  • Mar 13, 2015 7:37am Mar 13, 2015 7:37am
It's the same for months. One hour after NYC season is opened Gold starts to drop.
  • #34,072
  • Mar 13, 2015 9:03am Mar 13, 2015 9:03am
Quoting Giucca
It's the same for months. One hour after NYC season is opened Gold starts to drop.
Just continuing what Europe started:
Attached Image (click to enlarge)
Click to Enlarge Name: GoldAMDrop.png Size: 76 KB
  • #34,073
  • Edited 8:33pm Mar 15, 2015 8:19pm | Edited 8:33pm
the primary and secondary trend continues to be down
lesser trends such as weekly continues down
last week daily closings held at 1153 the projected weekly lows
this week i dont know what to think, was the cap south at 1153 just waiting for the new weekly timeframe to start? which is a normal pattern for continued trending or
a tip of the hand for finally a rotation back to weekly pivot ? which is a normal pattern.
one things for certain, we have to take it a day at a time.
Eyes on 1159 response.
mon daily
1173-75
1159
1145
weekly
1213
1173-75
1137
silver weekly
16.70
15.90
15.10
with eyes on 15.60 response on monday
  • #34,074
  • Mar 15, 2015 8:39pm Mar 15, 2015 8:39pm
bounce noted at 15.60
I guess shes waiting on sis at 1159
  • #34,075
  • Mar 15, 2015 8:49pm Mar 15, 2015 8:49pm
even i m expecting gold to retrace to 1173-1175
Chart
https://www.tradingview.com/v/AT7MRGwV/

Quoting lilpip
bounce noted at 15.60 I guess shes waiting on sis at 1159
  • #34,076
  • Mar 16, 2015 4:07am Mar 16, 2015 4:07am
This becomes an easy peasy game. Buy a minute before China and Russia markets are opened and sell when London starts.

For some reason Chinese and Russians are buying gold (they don't trust paper currency enough?) and UK and US especially are trying to push the price of gold lower as much as they can. Very manipulated market.
  • #34,077
  • Mar 16, 2015 4:34am Mar 16, 2015 4:34am
Quoting lilpip
bounce noted at 15.60 I guess shes waiting on sis at 1159
move south and bounce down from 1159 noted, eyes on NY retest
action on the 5 min also noted between 15.60-15.64
  • #34,078
  • Mar 16, 2015 5:37am Mar 16, 2015 5:37am
Quoting Giucca
This becomes an easy peasy game. Buy a minute before China and Russia markets are opened and sell when London starts. For some reason Chinese and Russians are buying gold (they don't trust paper currency enough?) and UK and US especially are trying to push the price of gold lower as much as they can. Very manipulated market.
Its always manipulated when it is going lower huh?

But never higher, oh no.
  • #34,079
  • Mar 16, 2015 6:13am Mar 16, 2015 6:13am
Quoting SunTrader
{quote} Its always manipulated when it is going lower huh? But never higher, oh no.
It's not about the direction. It's about US. When they are involved it must be manipulated.
  • #34,080
  • Mar 16, 2015 7:23am Mar 16, 2015 7:23am
Quoting Giucca
{quote} It's not about the direction. It's about US. When they are involved it must be manipulated.
Oh I see. Got your tinfoil hat on. Good.

So how exactly do you determine the U.S. is involved?

Am I involved because I live and trade in the U.S. and love to go short?

And when it goes down during trading in Asia or Europe then I guess it is the U.S. trading when they should be sleeping.

And when it goes up during U.S. hours then it must be because the manipulators spent so much time trading at night they feel asleep during our regular hours.

Is that how it works?
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