XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1799 | Crypto Craft

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

  • #35,961
  • Edited 8:20pm May 8, 2016 7:57pm | Edited 8:20pm
XAUUSD retracement on (c) of expanded flat correction (4) ??
Short with SL @ top of (b) target 1170 area.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #35,962
  • May 8, 2016 9:25pm May 8, 2016 9:25pm
I was a bit early with my gold, added some at 1284.50 USD ... long
  • #35,963
  • May 8, 2016 10:03pm May 8, 2016 10:03pm
Quoting skyhok
XAUUSD retracement on (c) of expanded flat correction (4) ?? Short with SL @ top of (b) target 1170 area. {image} {image}
If stocks were going down wouldn't Gold be going up? I saw that you had a similar chart for the DAX and S&P500 as well? Just curious here..
  • #35,964
  • May 8, 2016 10:07pm May 8, 2016 10:07pm
a true elliot waver can always do a recount
  • #35,965
  • May 8, 2016 10:33pm May 8, 2016 10:33pm
stopped out @ 1283.5
  • #35,966
  • May 8, 2016 10:40pm May 8, 2016 10:40pm
short now @ 1281.90 .... was asleep still previously :-(
  • #35,967
  • May 8, 2016 11:12pm May 8, 2016 11:12pm
may and june usually red months for gold. longer-term look to reload mid-july. )))
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  • #35,968
  • May 8, 2016 11:18pm May 8, 2016 11:18pm
skyhok though I do like your count on gold, I don't see gold trading below very strong support @ 1200.

In fact that's what I expect, we push slightly higher now and then range and sell off into 1200-1215 support.

Late-June so long the support is holding great time to build up longer-term bullish position in gold.
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  • #35,969
  • May 8, 2016 11:21pm May 8, 2016 11:21pm
gold bulls pretty much will go into super saiyan 4 mode when we hit 1200.
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  • #35,970
  • May 9, 2016 12:10am May 9, 2016 12:10am
Quoting asgcorp
skyhok though I do like your count on gold, I don't see gold trading below very strong support @ 1200. In fact that's what I expect, we push slightly higher now and then range and sell off into 1200-1215 support. Late-June so long the support is holding great time to build up longer-term bullish position in gold. {image}
Yeh, not saying the wave count is definitely right, but trading with stop loss on a R/R ratio there > 7.00. Confirmation in a few days time.
Elliott Wave for optimum entry, exit and risk management of trades
  • #35,971
  • May 9, 2016 3:33am May 9, 2016 3:33am
reversed to long @ 1275.30
  • #35,972
  • May 9, 2016 4:23am May 9, 2016 4:23am
messing about, short 1274.5 again.
  • #35,973
  • May 9, 2016 5:42am May 9, 2016 5:42am
damn, looks like I saw that silver short just one day too late ... I normally don't follow that actively ...
  • #35,974
  • May 9, 2016 6:07am May 9, 2016 6:07am
Quoting cvds16
messing about, short 1274.5 again.
I have a short too, I think Gold will likely reach 1260, and if it breaks below that level next target will be around 1230.
  • #35,975
  • May 9, 2016 6:09am May 9, 2016 6:09am
be carefull though around 1265, that might form an hourly channel ...
damn damn damn ... why did I see silver so late ... lesson learned for when gold goes up to new highs later on ... that will make for a nice short ...
  • #35,976
  • May 9, 2016 6:37am May 9, 2016 6:37am
Quoting skyhok
XAUUSD retracement on (c) of expanded flat correction (4) ?? Short with SL @ top of (b) target 1170 area. {image} {image}
Breaking short term bottom on a 3rd wave down of (c).
Elliott Wave for optimum entry, exit and risk management of trades
  • #35,977
  • May 9, 2016 6:43am May 9, 2016 6:43am
Quoting dianajs
{quote} I have a short too, I think Gold will likely reach 1260, and if it breaks below that level next target will be around 1230.
really sure that the bearish move is over, this time tomorrow the bears are smiling
  • #35,978
  • May 9, 2016 6:43am May 9, 2016 6:43am
you saw that very nicely
  • #35,979
  • May 9, 2016 6:49am May 9, 2016 6:49am
next possible support around 1261.50
  • #35,980
  • May 9, 2016 10:13am May 9, 2016 10:13am
Quoting skyhok
{quote} Breaking short term bottom on a 3rd wave down of (c).
Good call. You called that one. Let's see if it falls further to your target price
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