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

  • #16,161
  • Feb 6, 2012 3:53am Feb 6, 2012 3:53am
1650 is still above the break of the DTL
Thus is justified as correction and a good entry to buy.

Take a look at this chart and maybe u get me better.

As long as the price is in the channel / slightly above or below, we go up even if we go down.

Quoting kill56
hey mate we did hit 1713 and below 1706 might bounce from their , if we close below 1706 nothing can stop this shitt to 1650
might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Updated Weekly Feb z.GIF Size: 44 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,162
  • Feb 6, 2012 3:59am Feb 6, 2012 3:59am
just update on that daily chart i had.
drop on the 38.2 retracement of the sun since the uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: down we go.gif Size: 23 KB


weekly close below res. and down we go.
Have I got something on my face, SOLDIER?
  • #16,163
  • Feb 6, 2012 4:24am Feb 6, 2012 4:24am
any intraday view for silver XAGUSD
you are the creator of your own destiny-Shivyog
  • #16,164
  • Feb 6, 2012 4:38am Feb 6, 2012 4:38am
Quoting jimobiwan
Didnt make it to my 1765 but added on visual anyway with the highest at 1759 giving AV of 1754. THe locked sto on the daily looks to be giving way and looking for PA to 18dma now at 1690 but moving up quite alot daily.

We see an out-side-day down on daily.

Some may interpret NFP to be a solid indication that we are not in need of QE3. Perhaps Au will dig deeper on retrace.
hAS REAChed 30JAN swing point low of 1716.1 but has stopped here. I note sto on daily has broken back through 80 and could mean a run down to 1693 18dma. 18dma has crossed over the 100dma.

Have taken off half my shorts now at 1716.
I have no enemy; I make Incautiousness my Enemy.
  • #16,165
  • Feb 6, 2012 4:41am Feb 6, 2012 4:41am
Quoting lsolanki
any intraday view for silver XAGUSD
at demand cluster after breaking out of hourly h/s neckline.
below 33 is a lot of sell stops i think.

if hit might go down south hard
Have I got something on my face, SOLDIER?
  • #16,166
  • Feb 6, 2012 4:46am Feb 6, 2012 4:46am
Quoting bumapatria
at demand cluster after breaking out of hourly h/s neckline.
below 33 is a lot of sell stops i think.

if hit might go down south hard
thanks for sharing......
you are the creator of your own destiny-Shivyog
  • #16,167
  • Feb 6, 2012 6:13am Feb 6, 2012 6:13am
most taken off the table from 1654-59 area.
eyes open 1608 area.
weekly
1777
1608
1643
feb. monthly pivot 1680-89
  • #16,168
  • Feb 6, 2012 6:18am Feb 6, 2012 6:18am
Hi everyone.
Just an FYI. I am not anywhere that I can post a chart right now, but I have had a trendline drawn in on my system for months. I believe it was thru the Jan low and then thru the June/July low point. Price came down and just touched it at 1713 so keep an eye out for this level if it bounces or breaks.
  • #16,169
  • Feb 6, 2012 6:31am Feb 6, 2012 6:31am
Quoting lilpip
most taken off the table from 1654-59 area.
eyes open 1608 area.
weekly
1777
1608
1643
feb. monthly pivot 1680-89
do you mean 1708?
  • #16,170
  • Feb 6, 2012 6:33am Feb 6, 2012 6:33am
Quoting jaimini
coming week will be crucial
now i'm scared of gold after this shitty daily bar
i desperately wants to close my order
hope it respects daily demand and continue move up from 1700
it would be early to say but looks like price respected the daily demand and moved up after touching it
H4 chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: 2-6-2012 5-59-13 PM.png Size: 8 KB
  • #16,171
  • Feb 6, 2012 7:02am Feb 6, 2012 7:02am
I would be expecting silver to possibly drop (short term) to around 31, where there is a fair bit of support so a bounce from there may give it enough steam to get through the resistance it is facing now:

  1. on daily it is hesitating around the 100% fib line from this icce chart of Bemac's that i have been using for a while now, plus it has bounced back from the 200 ema;
  2. on weekly it has hit a large PPZ zone between approx $33.5 & $35 (sorry about the lines, can't work out how to do a shaded area), plus there has been macd divergence since mid december and stochastic looks as if it is about to turn back down into the mid-zone.
  3. plus it has had a pretty steady run since mid-december, so I would almost be expecting a slight pullback & consolidation soon based on that alone!

cheers cath
(ps, I am keen for any comments/criticisms, and will await your critique, ST, with anticipation )

Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver daily 06022012.jpg Size: 145 KB
Click to Enlarge Name: silver weekly 06022012.gif Size: 25 KB
  • #16,172
  • Feb 6, 2012 7:04am Feb 6, 2012 7:04am
just wanted to flash an ichimoku chart showing that we are slightly above the h4 resistance. Looks as its going to be broken soon
Attached Image (click to enlarge)
Click to Enlarge Name: ichi.jpg Size: 109 KB
  • #16,173
  • Feb 6, 2012 7:56am Feb 6, 2012 7:56am
Quoting CathS
I would be expecting silver to possibly drop (short term) to around 31, where there is a fair bit of support so a bounce from there may give it enough steam to get through the resistance it is facing now:
Silver is glued to gold, just like a woman is glued to a man, and the man is at the driver's seat at the moment so, in my opinion there won't be a whole lot of gap between them, a max of Double, Percentage wise.

For Example, as we have seen, gold may drop a 10% and Silver may drop a 20%.

And vice versa for the Up.

This is the trend so far
  • #16,174
  • Feb 6, 2012 7:57am Feb 6, 2012 7:57am
Quoting lilpip
most taken off the table from 1654-59 area.
eyes open 1608 area.
weekly
1777
1608
1643
feb. monthly pivot 1680-89
Thank you for the information you continue to post.

KR
  • #16,175
  • Feb 6, 2012 8:33am Feb 6, 2012 8:33am
here is my chart. is it time to attack 10th floor again? well, i just accumulated buy. cmiiw.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD-06022012.png Size: 50 KB
-sit back, relax, and maximize my profits with just a trade a day-
  • #16,176
  • Feb 6, 2012 9:58am Feb 6, 2012 9:58am
Nice chart, where is the floor indicator from?

A creation of your own?

Quoting bejomulyo
here is my chart. is it time to attack 10th floor again? well, i just accumulated buy. cmiiw.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,177
  • Feb 6, 2012 11:08am Feb 6, 2012 11:08am
Can i have this Square Indicator


Quoting bumapatria
uptrend is over for now. 1x1 line breached.
Attachment

square moved as it expired - and now the target is the bullish 1x1 line - marked in white.
Attachment


agree with kill56. 50% of range is 1640.

so very likely.
  • #16,178
  • Feb 6, 2012 1:11pm Feb 6, 2012 1:11pm
Price found support exactly at S1 then resistance at previous support. Looks like price will continue down to me. See chart H1
Attached Image (click to enlarge)
Click to Enlarge Name: Gold7feb12.png Size: 51 KB
  • #16,179
  • Feb 6, 2012 1:28pm Feb 6, 2012 1:28pm
Quoting fuse
Price found support exactly at S1 then resistance at previous support. Looks like price will continue down to me. See chart H1
additional info on 15m time frame. this area is critical. bulls & bears are handwrestling

also on Weekly chart i predict it to go south.
Attached Image (click to enlarge)
Click to Enlarge Name: xau15m.jpg Size: 155 KB
  • #16,180
  • Feb 6, 2012 4:18pm Feb 6, 2012 4:18pm
Quoting XTrade
Nice chart, where is the floor indicator from?

A creation of your own?
hello XTrade,
thank you, mate. yup, dis is just my logic horizontal line. even MACD may be deadcross, I think it wouldn't drop below 1700. yeach, we'll see after bernanke speech today, mate.
-sit back, relax, and maximize my profits with just a trade a day-
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