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

  • #40,221
  • Mar 3, 2017 5:12pm Mar 3, 2017 5:12pm
Quoting Daaimali1512
weekly candle is going to form bullish future... Today's Close and Next open will Decide where is it going... i Hope medium term bullish scenario has been started... Next Week Can be Bullish or minor possibility is to test back again 122xx... Good Luck...
I interpret PA a bit different. I think bears still in control, but gold may have some indecision for a while

This was taken from 4H chart
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  • #40,222
  • Mar 4, 2017 12:26pm Mar 4, 2017 12:26pm
A daily close of 1234.xx has confirm Bearish Mid Term with bears gaining the handle. Monday open should seal the deal. Will look for shorts against the Short Term which sit against 1246.xx . I will use two order positions 1235.xx and higher if possible and track it against the short term exposure risk targeting 1209.xx and will hold for 1187.xx only if it present itself. Bulls still have money on the table at 1324.xx US Election night for the long term. But Mid Term currently 1219.xx is open and then 1209.xx should be on the table. A full Bull flip is in play if 1246.xx is taken over.
  • #40,223
  • Mar 5, 2017 4:37am Mar 5, 2017 4:37am
my review of gold H4 and potential entry points.
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  • #40,224
  • Mar 5, 2017 4:46am Mar 5, 2017 4:46am
bottomline: gotta have an open mind for both DXY and gold price patterns. What actually could be a valid backup point for further gold weakness, aside from potential 15th March rate hike is also the fact that silver sold off 4% Thursday. Most times such heavy selling is a precursor for more losses ahead.
  • #40,225
  • Mar 5, 2017 6:50am Mar 5, 2017 6:50am
Plotting a "shoulder" before the fact is anticipation - not really having an open mind.
  • #40,226
  • Mar 5, 2017 7:19am Mar 5, 2017 7:19am
yeah ok and that's also not H&S on weekly silver. ))) Can't help blind/old people.
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  • #40,227
  • Mar 5, 2017 7:20am Mar 5, 2017 7:20am
and a reminder on correlations.
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  • #40,228
  • Mar 5, 2017 8:53am Mar 5, 2017 8:53am
So a pattern (which isn't there BTW) on one symbol is a pattern on another symbol. Got it.

One's belief is a powerful thing. The market's belief is even more powerful.
  • #40,229
  • Mar 5, 2017 9:11am Mar 5, 2017 9:11am
I'm bullish on Gold if it manages to keep it's head above 1220, see how does price moves next week.
Have a great week everyone!
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  • #40,230
  • Mar 5, 2017 12:22pm Mar 5, 2017 12:22pm
#GOLD / My count / H4
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  • #40,231
  • Mar 5, 2017 1:35pm Mar 5, 2017 1:35pm
Quoting Ayax
#GOLD / My count / H4 {image}
good review and a valid target on downside.
  • #40,232
  • Mar 5, 2017 1:47pm Mar 5, 2017 1:47pm
Quoting Ayax
#GOLD / My count / H4 {image}
its a bit complex but counts are correct.... high probability setup
STAY HUNGRY STAY FOOLISH
  • #40,233
  • Mar 5, 2017 2:49pm Mar 5, 2017 2:49pm
Bullish above 1215......
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -725
  • #40,234
  • Mar 5, 2017 3:20pm Mar 5, 2017 3:20pm
Quoting ritmorhythm
{quote} its a bit complex but counts are correct.... high probability setup
above1242-44 we hav 1248 -1258-1280 as the points so wait for the confirmation
STAY HUNGRY STAY FOOLISH
  • #40,235
  • Mar 5, 2017 5:51pm Mar 5, 2017 5:51pm
Quoting Visionary
A daily close of 1234.xx has confirm Bearish Mid Term with bears gaining the handle. Monday open should seal the deal. Will look for shorts against the Short Term which sit against 1246.xx . I will use two order positions 1235.xx and higher if possible and track it against the short term exposure risk targeting 1209.xx and will hold for 1187.xx only if it present itself. Bulls still have money on the table at 1324.xx US Election night for the long term. But Mid Term currently 1219.xx is open and then 1209.xx should be...
I got my first order fill for the week at 1236.xx risk against 1246.xx for now. London and Asia will play 1239.xx and 1229.xx for the fix so look for next order at London and US Fix. See you guys in the morning and all the best to everyone for a good week.
  • #40,236
  • Edited Mar 6, 2017 4:24am Mar 5, 2017 7:48pm | Edited Mar 6, 2017 4:24am
Quoting Ayax
#GOLD / My count / H4 {image}
That nice my friend,

but i have different target, waiting for an expanded Flat correction here with wave B = or higher than A.

My point is waiting to buy at 1226-1230 range for target 1250 or higher. 60% for this chance.

<Edit> 30% for the fifth wave of A to 1219 and then recover but the target is much lower
no matter what right or wrong, but the way you handle it
  • #40,237
  • Mar 6, 2017 1:07am Mar 6, 2017 1:07am
Quoting Uturn2
XAUUSD DLY Chart: Forget about Longs for awhile? Cheers, U2 {image}

Hi Uturn2

Can you kindly explain this chart (in post 40065) ;

1/why you put the fibs where you did,
2/why did you start the first a,b,c where you have, and put them where you have
3/why you put i ii iii iv and v where you have them ( and what they mean)
4/the 2nd lot of a b and the [a] [b] in relation to the fibs

And any other things and ideas contributed to this projection

Cheers
  • #40,238
  • Mar 6, 2017 2:13am Mar 6, 2017 2:13am
Quoting goldenbird
{quote} Hi, what do you think about Gold price for this break down? any thing change?
Hi gb,
sorry I didn't see your post.
Out of touch with GOLD at the moment.
Been busy chasing UJ and DOW.
Cheers, U2
Wait, or you will be slaughtered!
  • #40,239
  • Mar 6, 2017 2:14am Mar 6, 2017 2:14am
Quoting Daaimali1512
{quote} Hi Uturn2, though i do not participate much more in this thread by posting my opinions but all the time read your posts, So i am confused here as price has dropped now but according to my analysis and 4h ichimoku indicator it should go long at least till 1300 as oscilators are also in range means not overbought... but i am confused and unable to understand the current down move, it looks down and up both... No clear picture. Would you please help me for this... Thanks
Hi D,
Sorry I didn't see your post.
Out of touch with GOLD at the moment.
Been busy chasing UJ and DOW.
Cheers, U2
Wait, or you will be slaughtered!
  • #40,240
  • Mar 6, 2017 4:21am Mar 6, 2017 4:21am
Quoting Uturn2
{quote} Hi gb, sorry I didn't see your post. Out of touch with GOLD at the moment. Been busy chasing UJ and DOW. Cheers, U2
like your post and waiting for them to discuss, man
no matter what right or wrong, but the way you handle it
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