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

  • #9,761
  • Sep 6, 2011 7:50am Sep 6, 2011 7:50am
The massive MOVE in USD-CHF didn't affect GOLD at all..

very interesting, considering both were in inverse correlation for some time...
Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf.gif Size: 10 KB
The Black Swan: The Impact of the Highly Improbable
  • #9,762
  • Sep 6, 2011 7:52am Sep 6, 2011 7:52am
http://blogs.marketwatch.com/thetell...to-boost-gold/
I have no enemy; I make Incautiousness my Enemy.
  • #9,763
  • Sep 6, 2011 7:56am Sep 6, 2011 7:56am
Probably a reflection of the fact that the franc was manipulated in this latest move, not the dollar or gold.

I could be wrong.
  • #9,764
  • Sep 6, 2011 8:22am Sep 6, 2011 8:22am
Quoting MapleLeaf
The massive MOVE in USD-CHF didn't affect GOLD at all..

very interesting, considering both were in inverse correlation for some time...
it does affect now, double top is a warning
  • #9,765
  • Sep 6, 2011 9:52am Sep 6, 2011 9:52am
this can be interesting
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 20 KB
  • #9,766
  • Sep 6, 2011 10:16am Sep 6, 2011 10:16am
Quoting tunera
this can be interesting
Shall we take this to mean you are short or long?
  • #9,767
  • Sep 6, 2011 10:17am Sep 6, 2011 10:17am
This is from RTFX - I generally appreciate their accuracy.

-----------------------------------------------------------------------------------
There are initial signs of a good corrective recovery towards 43.12 or even 43.39. Supports at 42.59 and 42.32 zone. Elliott: crucial reversal point. Closing: 42.85. Pivot: 42.86.
------------------------------------------------------------------------------------

XTrade, if XAU moves beyond 1908 further, what say silver? There should be joint upward movement correct?
  • #9,768
  • Sep 6, 2011 10:19am Sep 6, 2011 10:19am
Quoting Wheels
Shall we take this to mean you are short or long?
Well it can be a good sign that a doubletop may be the case, so that gold may go down to supports from here.. but, i'm flat on gold, i don't like to pick tops/bottoms countertrend.. but i thought it was a nice image to be shown
  • #9,769
  • Sep 6, 2011 10:34am Sep 6, 2011 10:34am
Quoting tunera
Well it can be a good sign that a doubletop may be the case, so that gold may go down to supports from here.. but, i'm flat on gold, i don't like to pick tops/bottoms countertrend.. but i thought it was a nice image to be shown
Fair enough. Gold/silver are tricky and tops/bottoms are difficult to pick. I find most technical analysis I've seen has been little better than 50/50 in the past couple months. I still favour a cautious long strategy that leaves one's account safe in the event of a significant 10% correction.

Even if you do pick the bottom or top, conservatively set stops can be triggered while you sleep (and I'm not willing to use the alarm settings). Gold has been volatile, although silver still takes the cake. I have had success, but have been caught once with stops set three times in a row by outlier candle stick wicks over two days. Eventually I was asleep and unable to de-hedge and got caught.

Any champion de-hedging strategies? I have personally witnessed people with uncanny ability, but it often boils down to persistance, luck, and not over-leveraging yourself.

Cheers
  • #9,770
  • Sep 6, 2011 10:49am Sep 6, 2011 10:49am
Well, last week when the head and shoulders formed, some BEARS were saying that gold was going to 1650 and nothing happened.. so..
The Black Swan: The Impact of the Highly Improbable
  • #9,771
  • Sep 6, 2011 11:01am Sep 6, 2011 11:01am
Quoting MapleLeaf
Well, last week when the head and shoulders formed, some BEARS were saying that gold was going to 1650 and nothing happened.. so..
1870 seems pretty strong now. Is it just me?
  • #9,772
  • Sep 6, 2011 11:07am Sep 6, 2011 11:07am
http://upic.me/i/ot/6-9-255423-55-13.png
  • #9,773
  • Sep 6, 2011 3:57pm Sep 6, 2011 3:57pm
1869- important fib level (23.6)
  • #9,774
  • Sep 6, 2011 4:09pm Sep 6, 2011 4:09pm
Quoting hermanforex
1869- important fib level (23.6)
Im with ya, all take that as days trend guide.
  • #9,775
  • Sep 6, 2011 5:34pm Sep 6, 2011 5:34pm
Hi. Beeb Is in hiatus & (as far as I know)the other guy is still posting drivvel like some sort of monkey in heat. Round One to The Jumper.

Oh... Did I expose which side I will be warring for?
Bring it you ... & Stand Ready for you will be tested.

Remind me again.
Your theory is... What again?


B
  • #9,776
  • Sep 6, 2011 5:39pm Sep 6, 2011 5:39pm
Quoting Bemac
Hi. Beeb Is in hiatus & (as far as I know)the other guy is still posting drivvel like some sort of monkey in heat. Round One to The Jumper.

Oh... Did I expose which side I will be warring for?
Bring it you ... & Stand Ready for you will be tested.

Remind me again.
Your theory is... What again?


B
My posts are on topic.....yours?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,777
  • Edited 6:54pm Sep 6, 2011 6:24pm | Edited 6:54pm
Quoting Bemac
guy is still posting drivvel like some sort of monkey in heat. Round One to The Jumper.
B
Are you still seeing his posts around here ?
I must of missed his apology whether that drivvel was intentional or not.
The way he responded to me is that he doesnt get the point of being respectful to others while in conversation.
Ive dealt with a few in my life with that disposition and the only hope for them was for them to "act as if until it becomes reality" otherwise its more of the same.
For his sake and others I wish him the best.
By the way there was no round as far as Im concerned as it was a no contest.
cheers
  • #9,778
  • Edited 8:53pm Sep 6, 2011 6:40pm | Edited 8:53pm
Quoting lilpip
1901 monday highs hit with gold bouncing down along with silver following to silvers daily trend guide 42.25 area.
With the bounce back up they both closed like they want to continue north.
Bias is up from 1861, will be watching pa between 1861-71.
tue daily
1915-21
1861
1827
tue daily
bias is up from 42.25-49
43.69
42.25
40.73
if she heads south from pivot 41.42 will be an area of extra interest.
tue. daily highs achieved @ 1921 with her rotation back to daily trend guide 1861.
wed. gold daily
1923
1868
1813
silver followed to the 41.42 area with a move up from there.
wed. we will see how she responds to 42.00-25 area.
43.28
42.13
40.98
  • #9,779
  • Edited 9:50pm Sep 6, 2011 9:22pm | Edited 9:50pm
Quoting MapleLeaf
The massive MOVE in USD-CHF didn't affect GOLD at all..

very interesting, considering both were in inverse correlation for some time...
yes , it was a good day if one was on the right side.
I havnt seen a rotation back like that that I can remember the girl was extended out to monthly lows and blew right by monthly pivot to monthly high area.
usd/chf sept. monthly
8633
7890
7140
e/u is one I like to work with she tested the weekly and monthly pivot area 1.4299-1.4308 and extended back out to hit tue. days lows at 1.3993
  • #9,780
  • Sep 6, 2011 9:35pm Sep 6, 2011 9:35pm
here again a pull back to 1825$
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