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

  • #16,421
  • Feb 16, 2012 10:14am Feb 16, 2012 10:14am
Nice 4hr Pin!!!!
  • #16,422
  • Feb 16, 2012 10:19am Feb 16, 2012 10:19am
2 long wickeds, can go to 1750?

Quoting Sreym33
Nice 4hr Pin!!!!
  • #16,423
  • Feb 16, 2012 10:23am Feb 16, 2012 10:23am
Quoting stevebalmmer
2 long wickeds, can go to 1750?
We shall see, after it hit 1705 again it's looking bullish. There is a confluence of S&R and also overlapping fibs at that level.
  • #16,424
  • Feb 16, 2012 11:04am Feb 16, 2012 11:04am
looking at the h4 chart i am hoping for 1733, will most likely close my longs at 1730
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  • #16,425
  • Feb 16, 2012 11:09am Feb 16, 2012 11:09am
short @ 1723.6, sl = 1729.6, tgt 1710
  • #16,426
  • Feb 16, 2012 5:33pm Feb 16, 2012 5:33pm
I see a bull flag on the weekly chart...

Anyone ?
  • #16,427
  • Feb 16, 2012 7:13pm Feb 16, 2012 7:13pm
I can't read it.

USDollar seems to be bearish, and as I said before, lately, when Bernanke speaks gold raises, but I just can't read it.
  • #16,428
  • Feb 16, 2012 8:36pm Feb 16, 2012 8:36pm
Quoting Orbital
Shorting a natural resources that is strongly in demand is a retarded move that is all that im saying, investing into longterm contracts on finite resources always ends up being a net positive, shortterm thats a different story.
Still think shorting NATGAS was a retarded move? Surely longing it wasn't very smart... I don't trade it due to its poor volatility but it only goes to show and enforce the idea that many traders blindly disregard good researches if these don't suit their bias and/or are presented by traders just like them (some kind of knowledge/superiority war or whatever, i don't get it).

I did agree with you on oil though, and even today I'm with you on that one.
  • #16,429
  • Feb 16, 2012 9:01pm Feb 16, 2012 9:01pm
Quoting z3r0
Still think shorting NATGAS was a retarded move? Surely longing it wasn't very smart... I don't trade it due to its poor volatility but it only goes to show and enforce the idea that many traders blindly disregard good researches if these don't suit their bias and/or are presented by traders just like them (some kind of knowledge/superiority war or whatever, i don't get it).

I did agree with you on oil though, and even today I'm with you on that one.
Well nice to see that you agree with me on Oil. I did receive your PM but let me state something very publically here:

Stating a trading idea and actually executing it are two different things. I can post a metric shitton of countless trading analysis ideas i had which i never executed.

I will admit though that it was a nice call on your behalf, nevertheless i remain firm on my natgas view and see this going up to 7-8$ within the next 2-3 Years. So as a longterm investment its buy only. The same way crude remains in buy only mode up until 80$. There may be a correction 84$ sometime soon but yeah.
  • #16,430
  • Feb 16, 2012 9:49pm Feb 16, 2012 9:49pm
Clossed one of my longs, keep the other one open for some more time. If we are ranging again in this area I will close soon, and go short after the first red 4h candle. If we break 1733 I will keep the long open.
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  • #16,431
  • Feb 16, 2012 10:11pm Feb 16, 2012 10:11pm
Hey all - been laid up for about a week now, with a foot injury so took a lil break from posting.

-------------------------------

Hope you are all trading well.

AU and AG mostly moving sideways.

Silver seems to have dipped down to test support at 32.65
(old resistance) now hitting 33.65 pivot area and stalling.

Gold.

Bears still can't seem to push through the weekly channel midline and the current bar looks like we should close out the week with a green weekly bar,.

Price appx 1730 resistance in immediate is 1740 which is a toughy.

all
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,432
  • Feb 16, 2012 10:16pm Feb 16, 2012 10:16pm
Oh btw happy birthday to me, another year bites the dust!

Here's a lil snip of gold.

Channel lines in blue
Midline yellow dashed
High break = green
Low dip = red.

1700 support noted purple dashed
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,433
  • Feb 16, 2012 10:21pm Feb 16, 2012 10:21pm
Here is a view of the symmetrical triangle from the same chart. (have a few)

Notice the 50 week Simple moving average has
crept up in between the low dip line and the regular channel bottom...

Looks bullish to me and a great support in case of any dips.
Not looking down though. By the time she tests the top the price should be around 1807
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,434
  • Feb 16, 2012 10:23pm Feb 16, 2012 10:23pm
X Trade, first of all happy birthday

and I hope you recover well from your injury.

To Gold: does my triangle make sense to you? The highs are lower and the lows stay the same, I expect it to break downwards once the weekly support is broken. Maybe after some greece news on monday?
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  • #16,435
  • Feb 16, 2012 10:28pm Feb 16, 2012 10:28pm
Happy Birthday Mr X Trade
  • #16,436
  • Feb 16, 2012 10:28pm Feb 16, 2012 10:28pm
Wait for the next big US release and expect it to be USD neg, ie QE 10 LOL.... Bernanke will drop the buck, keep in mind a low dollar is good for US exports. (if they still exist Gotta think about the big ugly stuff no one wants to talk about like guns, other arms, airplanes, tanks, etc. All cheaper for other countries when the usd is low.


Read back old reports like the FOMCs and the NFPs and see how the price moved gold on that day.

Prep yourself. A lot of this research can be done here on FF.
and u have gold history... so..

Quoting jsr
I can't read it.

USDollar seems to be bearish, and as I said before, lately, when Bernanke speaks gold raises, but I just can't read it.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,437
  • Feb 16, 2012 10:29pm Feb 16, 2012 10:29pm
Thank you sir!
Welcome to you and z3r0!

Quoting ssaqeel
Happy Birthday Mr X Trade
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,438
  • Feb 16, 2012 10:31pm Feb 16, 2012 10:31pm
NZD broke 8400 resistance this week than dipped 200 pips about.

Now back up. I expect continuation next week rise in both AUD and NZD love those pairs.

Quoting jimobiwan
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.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,439
  • Feb 16, 2012 10:35pm Feb 16, 2012 10:35pm
I am much better now, thanks for the posts guys I read them all
Quoting CathS
I wish you a speedy recovery
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,440
  • Feb 16, 2012 10:37pm Feb 16, 2012 10:37pm
Target longer term is to beat 8800....

FYI.

Look at weekly and monthly.

Quoting XTrade
NZD broke 8400 resistance this week than dipped 200 pips about.

Now back up. I expect continuation next week rise in both AUD and NZD love those pairs.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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