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

  • #16,401
  • Feb 15, 2012 9:15am Feb 15, 2012 9:15am
Quoting SunTrader
If Iran and Israel go to war funds will flow to the dollar. The price of oil will skyrocket and cripple most of the world economy which means, for the short term at least, risk off and low or negative inflation, i.e. deflation. Not good. Then most likely Gold down.
I agree!
  • #16,402
  • Feb 15, 2012 9:18am Feb 15, 2012 9:18am
Outsaide day down anyone?
I have no enemy; I make Incautiousness my Enemy.
  • #16,403
  • Feb 15, 2012 9:20am Feb 15, 2012 9:20am
Quoting Sreym33
More shorter term...On H1, I see 1724 flipped from resistance to support.
I've noticed that too.

Let's see how price reacts
  • #16,404
  • Feb 15, 2012 9:28am Feb 15, 2012 9:28am
Quoting SunTrader
If Iran and Israel go to war funds will flow to the dollar. The price of oil will skyrocket and cripple most of the world economy which means, for the short term at least, risk off and low or negative inflation, i.e. deflation. Not good. Then most likely Gold down.
http://www.infowars.com/iran-gold-an...banksters-war/

quotes
"Debkafile reports that India (and probably China) will pay for Iranian oil in gold."

what is this going to do?
  • #16,405
  • Feb 15, 2012 9:37am Feb 15, 2012 9:37am
Quote
reports that India (and probably China) will pay for Iranian oil in gold."

what is this going to do?


That means there will be new "sanctions" against India and China too? what country will be left then, the EU, but the EU don't have cheap labour so....
  • #16,406
  • Feb 15, 2012 10:32am Feb 15, 2012 10:32am
Quoting fibbonix
I have daily resistance at 1730 and 1737, from one of then i expect it to go down
haha 1737 you must feel like a wizard
  • #16,407
  • Feb 15, 2012 12:08pm Feb 15, 2012 12:08pm
Quoting HotBiscuits
haha 1737 you must feel like a wizard
Guess we are back on the range game again.
  • #16,408
  • Feb 15, 2012 12:49pm Feb 15, 2012 12:49pm
Closed half position @ 1726, moved SL to 1733,50. Target still 1716.

Lets see what happens with 1723-24 zone.
  • #16,409
  • Feb 15, 2012 8:36pm Feb 15, 2012 8:36pm
If Silver continues down, 31.68 might be the best area for support.
  • #16,410
  • Feb 15, 2012 9:40pm Feb 15, 2012 9:40pm
Looking like risk-off. EUR and GBP below 18DMA with AUD and NZD both near the bottom of recent daily lows.

Av Sells now at 1731.
I have no enemy; I make Incautiousness my Enemy.
  • #16,411
  • Feb 15, 2012 11:13pm Feb 15, 2012 11:13pm
Quoting lilpip
eye on the trends.
silvers single year primary trendguide or pivot is 34.50 and has been showing resistance as we went into 4th quarter and onto looking for 2012 support.
as we keep in mind once broken north in 2011 34.50-64 area was last years support on towards 2011 highs.
2012 spells bear below 34.50 resistance so hold on to your shorts from this week till proven wrong.
a break below weekly lows and feb. monthly trendguide 31.65-70 area spells bears.
On a smaller timeframe the weekly, 33.16 is this weeks trendguide
this week gold did not make...
bias is the same as fri close.
down from 34.50 and watching weekly trend guide response 33.16 area and golds how 1730 area responds and weekly trendguide 1710. area.
  • #16,412
  • Feb 16, 2012 4:27am Feb 16, 2012 4:27am
Tried more than 10 times to cross 1718.5 but always bounce backed what you guys say wher it will lead
  • #16,413
  • Feb 16, 2012 5:09am Feb 16, 2012 5:09am
Price keeps reacting at classic pivot points and previous trendlines. (I draw them right to left even in H4 charts)

New lower high, but 1714, which is supposed to be a neckline in a H&S pattern just doesn't give up yet. So, no new lower low...

Downwards moves don't have the speed of previous days. Expectation of the market could be a reason.

Bernanke's words may do the job, although lately his speeches drive gold price up.

I think that today I will only watch.
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  • #16,414
  • Feb 16, 2012 5:54am Feb 16, 2012 5:54am
Quoting jsr
Price keeps reacting at previous trendlines, but 1714, just doesn't give up yet. So, no new lower low...
Downwards moves don't have the speed of previous days.
Bernanke's words may do the job
I think that today I will only watch.
Your hearing what she has to say and reading her right, all we can do is take what shes shown us and let her lead the way.
Dont forget to keep 1 eye on sis as 98% of the time one confirms what your seeing on the other.
  • #16,415
  • Feb 16, 2012 6:52am Feb 16, 2012 6:52am
lilpip, I really need a hand. I still don't understand clearly your approach (reading 3 bars for direction) Can you give me a link for a detailed way to apply your method for direction? Sometimes i'm slow. This is one of them.

It's like I need a step by step "do it yourself" guide to understand it. lol

Thanks in advance.
  • #16,416
  • Feb 16, 2012 7:12am Feb 16, 2012 7:12am
Last swing low was 1711.8 on 14FEB. We are inches from it now. We are through yesterday's low.

We had an upper test which was quickly given up. I am looking for 1690 (55ema) , 1682 (100dma) for support next
I have no enemy; I make Incautiousness my Enemy.
  • #16,417
  • Feb 16, 2012 7:53am Feb 16, 2012 7:53am
Won't trade until Bernanke's speech.

One of my possible scenarios. H1
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  • #16,418
  • Feb 16, 2012 8:48am Feb 16, 2012 8:48am
Hi
As i see the XAU weekly charts are not show any confirmed soar , Am i right? what's your idea about that?
I'll be glad to know your idea.
  • #16,419
  • Feb 16, 2012 9:37am Feb 16, 2012 9:37am
reversals seen in DXY, AUD, NZD, GBP, EUR. XAU still not broken 1700. Closed shorts on news and minor reversal seen at 1710.
I have no enemy; I make Incautiousness my Enemy.
  • #16,420
  • Feb 16, 2012 9:58am Feb 16, 2012 9:58am
So u think break 1700 means something? yes?
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