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

  • #23,581
  • Apr 25, 2013 10:32am Apr 25, 2013 10:32am
by just reading numbers i would say its a good and nice place to sell but with the rsi + macd + slow-stochastic i would say there is more up trend for gold
  • #23,582
  • Apr 25, 2013 11:26am Apr 25, 2013 11:26am
1447 only paused gold for a few hours. No retracement at all. Top of that zone was 1458.

Next resistance in 4H charts could be 1478-1494 wich is a supply zone,

1478 is also low of JUL/01/2011, which led to a big rally, and eventually to gold's highest price.

After that, 1520-1530 zone is next resistance in muy charts.
  • #23,583
  • Apr 25, 2013 11:46am Apr 25, 2013 11:46am
Weekly trend guide or pivot area 24.51 noted.
Silvers 2nd quarter lows and single year breakout was 25.60 area as we look for retest and confirmation.
With silvers weekly pivot area hit eyes open to the girls response.
  • #23,584
  • Edited 3:59pm Apr 25, 2013 3:32pm | Edited 3:59pm
Quoting prototip
fırst target 1480...
1468 ıs enough, 1480 can change trend...
  • #23,585
  • Edited Apr 26, 2013 12:12pm Apr 25, 2013 3:46pm | Edited Apr 26, 2013 12:12pm
Quoting prototip
one legopart of my ımagınatıon...
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perfect...... as İ guessed, ıts broken...
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  • #23,586
  • Apr 25, 2013 3:58pm Apr 25, 2013 3:58pm
Quoting jsr
1447 only paused gold for a few hours. No retracement at all. Top of that zone was 1458. Next resistance in 4H charts could be 1478-1494 wich is a supply zone, 1478 is also low of JUL/01/2011, which led to a big rally, and eventually to gold's highest price. After that, 1520-1530 zone is next resistance in muy charts.
good levels... İ agree...
  • #23,587
  • Edited 9:13pm Apr 25, 2013 8:20pm | Edited 9:13pm
Quoting lilpip
{quote} From my angle I'm with ya on your 1447 area as I have 1442-44 as this weeks pivot. Bounce down Monday was noted flip above is being noted.
move up from weekly pivot 1444 noted, eyes on fri retest of support as bias is up from 1444-50 area for fri. with eyes on 1485 response.
silver
fri retest for daily support is 23.80-85 area .
As golds 1485 was noted 24.79 response was of extra interest fri. also and bounce south noted.
Looking at the weekly chart 24.55-75 is resistance.
  • #23,588
  • Apr 26, 2013 12:07pm Apr 26, 2013 12:07pm
Quoting prototip
{quote} 1468 ıs enough, 1480 can change trend...
enough was enough...
  • #23,589
  • Apr 26, 2013 12:55pm Apr 26, 2013 12:55pm
gold has made people confused, wıll make more confused...people...
  • #23,590
  • Apr 26, 2013 12:56pm Apr 26, 2013 12:56pm
Quoting prototip
gold has made people confused, wıll make more confused...people...
  • #23,591
  • Apr 26, 2013 1:41pm Apr 26, 2013 1:41pm
some sell lımıt, some buy stop, some sell stop, some... ...some lemon... great mİx... oh yeah... come on... oh yeah... oh...
mİx ıs ready be for weekend......
  • #23,592
  • Apr 26, 2013 2:15pm Apr 26, 2013 2:15pm
Quoting lilpip
{quote} move up from weekly pivot 1444 noted, eyes on fri retest of support as bias is up from 1444-50 area for fri. with eyes on 1485 response. silver fri retest for daily support is 23.80-85 area . As golds 1485 was noted 24.79 response was of extra interest fri. also and bounce south noted. Looking at the weekly chart 24.55-75 is resistance.
very good analyse Lilpip...

with this week closed above 1447, price will continue bullish, probably another retest for 1447 next week, just go long when price near 1450-1460, target 1527...
never be greedy
  • #23,593
  • Edited 12:39pm Apr 28, 2013 9:12am | Edited 12:39pm
Quoting Mohamed332
{quote} very good analyse Lilpip... with this week closed above 1447, price will continue bullish, probably another retest for 1447 next week, just go long when price near 1450-1460, target 1527...
yes it is normal pattern to retest that higher timeframe breakout 1527-32 area,
We did get a bullish indication on the weekly as we closed above that 1444-47 area, however we still have to take it a day at a time.

My eyes area on 1440-47 area this week as we started last week Monday being kicked south from 1440 and mid week flipping as our 1440-44 area held.
We still have to deal with 1489 area this week as she was capped @ days projected high 1485 last friday.
So just as last friday watching candle formations and PA on the 5 min.at 1485 area will be doing the same monday with 1489 and 1440-47.
  • #23,594
  • Apr 28, 2013 2:56pm Apr 28, 2013 2:56pm
1480 is (18) MA which is a resistance for now, once a daily close above it, would be additional bullish indication.
never be greedy
  • #23,595
  • Apr 29, 2013 8:57am Apr 29, 2013 8:57am
HOW IS EVERY ONE DOING????

I have been on a little hiatus of sorts!

We had some landslide selloff not too long ago. Usually these are the result of fear driven rumors. And I know there are quite a few explanations floating around.

All in all it opened up what should be probably the best entry opp of this year. we will see.

In any case my weekly channel that had served since 2008 was obviously blown out,

However if you are charting correctly you will see that in terms of PA if we did not rise back into the 1500s soon a crash or further decline was almost in the cards as the
price had remained stagnant for several months. We don't like this if we want a rise.

I would say the Yellow metal and sister silver were oversold, yet especially on your gold charts we reached a critical lower uptrend line. Which has held as support as of now.

I hope to get a chart up later!

Hope all are well! Nice to see SunTrader posting again and shout to LilPip!

XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #23,596
  • Apr 29, 2013 9:08am Apr 29, 2013 9:08am
I think when usd index touches the 87, it'll be right time to buy silver. now it's still early. today buy, tomorrow sell, check the prices 50 times in a day, sit infront of charts during hours can make you really bad sick and psikopat. in the morning open ur eyes and check the gold silver price firstly, it's real sickness
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  • #23,597
  • Apr 29, 2013 9:08am Apr 29, 2013 9:08am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Well - I won't go into the discussion because it is way too technical for me but one thing which I have been reading in the market since some time now and that is, the glittering yellow metal is losing it's shine and with all this going on i.e. the bond buying getting slower and the overall pace of the economy picking up, now is it time, and very soon we might see some key targets coming in for the yellow metal i.e 1422, 1390, 1320 and 1275 after that God knows...but this is concrete, there was never a good time to short gold than now...
  • #23,598
  • Apr 29, 2013 9:19am Apr 29, 2013 9:19am
it think at 2 may, if ecb reduces the interest rate from 0,75 to 0,5 then us index can make rally, and goldy can jump from hill to ground.
  • #23,599
  • Apr 29, 2013 9:50am Apr 29, 2013 9:50am
Quoting Kah
Well - I won't go into the discussion because it is way too technical for me but one thing which I have been reading in the market since some time now and that is, the glittering yellow metal is losing it's shine and with all this going on i.e. the bond buying getting slower and the overall pace of the economy picking up, now is it time, and very soon we might see some key targets coming in for the yellow metal i.e 1422, 1390, 1320 and 1275 after that God knows...but this is concrete, there was never a good time to short gold than now...
What is your reasoning for 1275? The price fluctuates and Gold has a tendency to whipsaw in either direction sharply. We hit 1900 Now we hit 1350. A major High and a major low. I would be wary at this point of loading on any more major shorts especially if you are inexperienced. There are huge upside potentials here.

And even the suffering Eurozone nations will NOT sell their GOLD RESERVES.

We need a reason, Not just a well it went down so it will just keep going. Gold plays a key pivotal role in the Global Finance world. Yet keep in mind you are not dealing with a paper promise, this is a commodity. Money or even stock that follows commod prices are NOT.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #23,600
  • Apr 29, 2013 9:51am Apr 29, 2013 9:51am
Govmnts short on paper money? Guess what ink up the press and print some more. Inflation.. Short on gold reserves not so simple.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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