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

  • #19,261
  • Jun 14, 2012 9:18am Jun 14, 2012 9:18am
Brother,

as I said I agree with THE area.

I am not on any horse.

You are taking my nitpicking about it not being on the chart as a complaint.

It is not.

It was a simple mention so that the others here that are not as experienced can understand.

Let;s all relax.



X
Quoting emene
I haven't missed anything big guy, get down of your horse... I am not the one who got it wrong in the first place.

It is not what I call supply, it is supply, period.

How can one be wrong and patronizing at the same time? This place will never end surprising me...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,262
  • Jun 14, 2012 9:20am Jun 14, 2012 9:20am
AUD Going for it...

Gold creeping up slowly.... May still be an entry here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,263
  • Jun 14, 2012 9:22am Jun 14, 2012 9:22am
OK, lets make peace, my bad. I will draw supply on the left next time but I felt it was good for people to do the work themsleves. Curiosity is a powerful engine.

As for AUD, 85-89 band can be a hurdle.

Quoting XTrade
Brother,

as I said I agree with THE area.

I am not on any horse.

You are taking my nitpicking about it not being on the chart as a complaint.

It is not.

It was a simple mention so that the others here that are not as experienced can understand.

Let;s all relax.



X
Hello.
  • #19,264
  • Jun 14, 2012 9:22am Jun 14, 2012 9:22am
Quoting Sreym33
I am being careful here, I bought as well at 1615 just now but I did catch the downmove from 1626.02 to 1613.44. My H1 indicators are turning bearish so I am expecting a move back up to test resistance around 1623 and then down to 1600 or slightly lower before moving up past 1635 sometime next week.
I'm out at 1617... just don't trust it right now, have pending buy at 1603. Better safe....
sorry, not able to post chart right now but the 62fib is right around 1600. Draw it yourself from 1585 to 1625
  • #19,265
  • Jun 14, 2012 9:23am Jun 14, 2012 9:23am
Quoting emene
I haven't missed anything big guy, get down of your horse... I am not the one who got it wrong in the first place.

It is not what I call supply, it is supply, period.

How can one be wrong and patronizing at the same time? This place will never end surprising me...
I took to the same trade
short from supply
I'm happy with 10$ move in my direction.
now price rebound from 30 mins Demand.
  • #19,266
  • Jun 14, 2012 9:31am Jun 14, 2012 9:31am
We were never not at peace.

If you look back at my post you will see that I was in agreement from the beginning.

There are a lot of newbies that frequent this thread and could probably learn a lot from someone like yourself.

Thus, I mentioned or nitpicked that your chart only showed one supply

No biggie.


Yes there could be resistance there. I expect resistance at parity but on a longer term view after the steep correction I feel there is enough gas to push AUD over parity and kiwi over 8000

to bad I squandered on my Kiwi entry and waited - should be 30 + pips...... OH WELL
XT

Quoting emene
OK, lets make peace, my bad. I will draw supply on the left next time but I felt it was good for people to do the work themsleves. Curiosity is a powerful engine.

As for AUD, 85-89 band can be a hurdle.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,267
  • Edited 9:47am Jun 14, 2012 9:36am | Edited 9:47am
I think Gold is taking a resistance at 1618.30
Wht do you think would it be coming up or not??
  • #19,268
  • Jun 14, 2012 9:39am Jun 14, 2012 9:39am
Then look at the resemblance of 2001.11.30-2011.12.9 and then watch what happen's on the 12th which in a Sunday!!! Then study each day buy searching on Google what the world was doing on all of those days; after studying the pattern and the correlation of today and then. After readjusting what happen then and seeing why it’s a little different now so you can understand why it will not be 100% accurate and why this time it's been more violent. Look and understand that the market is here to fake you out. Understand that time takes longer to unfold than you think. Understand that patience is the ultimate key. Last but not least the market wants to make you think your right, until your wrong.

Everyone is right in some form or another, you have to find the balance of understand the time that needs to pass and why. I custom built a system on my own that helps with my predictions, but I don't rely on it. I spend countless hours taming myself and learning, so eventually I don’t have to look at this but only once a month, instead of everyday.

Something that easy to start with is the RSI indicator; look it up and study what it is and how it works and apply that with everything you learn along the way. Also stop looking at small time frames, you need too only look at the large time frames to understand and then use the small time frames to predict you decisions more accurately if you’re trading with smaller amounts of money. Like anything else you have to put the time in to win or it will have the best of you in the end, I've been there.

Last thing, learn that each time frame has a top and a bottom. Learn to find them and understand that simple tool called the RSI indicator to help you. Don't try and play the middle of anything becuase then your geussing unless your playing long term within the middle. The middle on a large time frame can be the top or bottom on a smaller. Figure out what your account allows and stick with it and then you can slowy work yourself out of each time frame moving to a bigger one. !!

Quoting cg uno
This is exactly what the forum is not about.....By posting without reasons you are either looking for kudos on the occasions when you are right or you want people to follow your trades without thinking about it. That's dangerous imho.......
If you have a good system then explain it and people will appreciate it. If you don't have time to always post the reasons for your views then maybe consider posting less often and more fully. Just a thought as I want to learn......
  • #19,269
  • Jun 14, 2012 9:48am Jun 14, 2012 9:48am
Quoting Crgone12
Then look at the resemblance of 2001.11.30-2011.12.9
Thank you for your post - I removed mine as I felt I was being unfair......
  • #19,270
  • Jun 14, 2012 9:50am Jun 14, 2012 9:50am
Let's all get along. NO ONE is leaving.

We are all here for A COMMON PURPOSE>

To MAKE $$$ and EXCHANGE IDEAS.

Some may not agree but that is how the market is made.


XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,271
  • Jun 14, 2012 9:53am Jun 14, 2012 9:53am
It falls into a cluster of potential minors from 1610 to 1623.

The actual number is of little significance.

Watch for 1626 and 36

For a push to 40.

Quoting Paras4you
I think Gold is taking a resistance at 1618.30
Wht do you think would it be coming up or not??
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,272
  • Jun 14, 2012 10:28am Jun 14, 2012 10:28am
U got it right!!! now back where she belongs 1624...

Quoting XTrade
That move should have been up on poor US jobs.

Sometimes the market moves erratically and does not make sense.

Poor jobs should boost gold. Thus I think this dip is faulty and will fill itself perhaps breaking the high for today as of an hour or so of trading.
  • #19,273
  • Jun 14, 2012 10:32am Jun 14, 2012 10:32am


It was just a BS dip - there was resistance in the zone and likely triggered some resting orders. We never go straight up!

Quoting rencetan
U got it right!!! now back where she belongs 1624...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,274
  • Jun 14, 2012 10:33am Jun 14, 2012 10:33am
AUD is at the crux of 3 highs... It's go time.. A breakout would be fabulous here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,275
  • Edited 11:11am Jun 14, 2012 10:38am | Edited 11:11am
Now if it keeps this momentum I'm looking at the low 1630 range of resistance. For me if it breaks 1639.90 then I will rethink my position. At first before the drop I thought it would have pushed a little higher than where it hit because it hit my target at the low end, but I at least wanted to see 1630-1631-1632 first before the dip.

For me it's starting to come down at the 4hr chart because if it closes above where it is now or just a bit more below it would indicate a sling shot in the opposite direction; if you look at any long and bear candle stick with out the meat it slings in the other direction off momentum (though there has been a few times where this does not happen if the 4hr chart breaks even at where it started, this is becuase the momentum went flat and the weight transfers back down). For others I would advise to wait if you don't feel confident in what’s happening. My move is set and I'm sticking to it, I just have measures if I'm wrong then I can still ride the gravy train, but I'm also willing to risk a percentage of my account, because I’m trusting my gut and all my hard work…....

Good exsamples to study are on a 4hr chart: 2012.04.17 which I feel is not thhis case, but could be since we still have tomorrow and sunday, second, look at 2012.4.25-2012.5.2, which also adds to this concern. It makes sense before the market enters the weekend to relieve some of this upwards pressure that has been building up, which is good, that being people will probably make quick decisions that are reactions based (sunday) and not accurate, which will shorly be lived in both respects. Think of this way, the Euro has major problems to face regaurdless of this outcome and so does the US. Now ask yourself which one will fall first! Which one is currently in the most shit! That's the long term play, right now it so short term that it could almost be smarter to sit this out. My mind's set, but if you think its going to 1660 or whatever, would it not be smarter to set a sell there enstead of trying to ride it up on hopes and trying to make money in both directions; if you wait and let it happen you safe either way. Just some thought's for others, not trying to change anyone's mind, more so to think about the market will be here next week and so fourth. These are things I use to beat myself up over, and I resulted in a losses. I prepare for both, but do my best to predict one!
  • #19,276
  • Jun 14, 2012 12:13pm Jun 14, 2012 12:13pm
A different example to study is on a 4hr chart: 2012.02.22 through 2012.02.29. If you look in the middle of this chart you see it attempt a slow fall which fails but leaves a downward dent in the middle of this table top. Shortly after it shoot up and leaves bear candle stick pointing up. After this point it tries to retest the last low but fails and creates a flat bullish signal. Then it takes out the last high quickly just by a hair. This was what I was expecting today, which was for it to tap 1632-1629 area though it hit my target of 1627.

What I’m trying to say is this; if it creates this formation with a slowdown and then a slow shot up, it would seem like it created a higher high, but when you look at technical it does the Opposite on a RSI reading. This is a big single point in the opposite direction but makes everyone else think a higher high is good, which in this case not!! Just something to maybe ponders about; I will post an example below.

http://i65.photobucket.com/albums/h2...e1/Capture.jpg
  • #19,277
  • Jun 14, 2012 12:37pm Jun 14, 2012 12:37pm
A different example to study is on a 4hr chart: 2012.04.12 through 2012.05.02. I will post below. I more interested on what happened around 2012.04.30 which is starting to share signs of similarity. Key also is to understand the new once again around this time period. Charts can be traded off just technical alone, but only on a long terms bias, it gets harder when we play the short term to middle term game. That why it’s important to understand the manipulation that is going on in the media.

Think like if you had hundreds of millions of dollars and all the time in the world, how would you trade/buy, think about if you were driving the markets with your decisions how you would take advantage, because that’s what happens. We are all fighting the middle of things people already have targets for. If you really wanted to rape Gold in the ass and take and get the most out of it, how would you do it!! I’m not like this but greed hungry monsters are.

Scaring people into something that they will regret twice (wishing they should of held on to it), while all along the major players never stopped buying. Gold could hit zero and they would still hold on to it because they can and know why, they just will be happier and say more for me. The difference we buy gold or invest for our future (family) and to eat, Banks and major institutions have all the food and money they need, which is why their focus is different than ours!
http://i65.photobucket.com/albums/h2.../Capture-1.jpg
  • #19,278
  • Jun 14, 2012 2:04pm Jun 14, 2012 2:04pm
http://www.cnbc.com/id/47814463
  • #19,279
  • Jun 14, 2012 3:27pm Jun 14, 2012 3:27pm
Wht are the possibilities of Greek Election on Gold Price. How would it impact gold.
  • #19,280
  • Jun 14, 2012 8:21pm Jun 14, 2012 8:21pm
Quoting Paras4you
Wht are the possibilities of Greek Election on Gold Price. How would it impact gold.
the answer lies on answering these questions:

1- is euro better off with greece and if not what does that mean to xau?
2- higher euro means higher gold?
3- usa is slowing down so does gold go higher as safe haven?
4- have the banks really fixed thier problems of 2008 or have they just put a stop on the dyke that's about to overflow and when it does explode what would xau be at?

my opinion xau should be alot higher but is currently being kept down and accumulated at bargain prices. it might go lower presently but it the long run it is like the euro where the euro will drop to parity(where it should be) and gold as a safe haven alternative should be above $2k/ounce.

sorry just my opinion.....

please answer the question and take it apart and maybe we can all make some green pips...
Wooooohooooo or Boooooohooooo
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