Looks like you called it doncex....seems like it is heading for 1614....or thereabouts. Sherbet....support 2 is 1618.....It would not surprise me if it went all the way to 1600 support 3 levels....considering the strong downtrend....bernake must be ...

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

I am thinking drop to support 1 at 1628 at least got raskin and bernake talking at 9am cst though....anything could come out of that.

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

I would say it takes 3-5 years

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

What would be a signal for you whatfx?

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

I would agree Bemac....should be time for the bulls.

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

you probably stated this before.....but how do you decided to when to close your buys?

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

Pips are an consistent measuresment.....dollars can vary greatly. A trader can trade anything from a penny/pip to $100000/pip. I could make a trade and make a profit of $10000 on a 1 pip move. I could make the same trade and make $1. So the dollars ...

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

I would try a bounce off of support 1 at about 1622.53 . It is also a fibo retrace to 61.8.....it should bounce up a little there.

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

you are not alone....I did the same thing....racked it up by end of august...then lost it ($30000) all in sept.....harsh learning experience. my condolenses...on the death of your account now pick yourself up learn from your mistakes and do it ...

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

hehe Yeah....they key is holding on to it. I use a trailing stop of 1200 on gold to stack them up when it is going up....tripled my equity in august....gotta be careful of the remaining buys left open drawing your account down though.

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

dittos

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

lol love the avatar btw

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

[quote=yudhigold;4982109] I am thinking 1500 now. if it does not find strong support at 1500...it will plummet further. the daily chart has gone thru the 200 moving average.

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

fibs are my favorite....and have been proved to be the most accurate. the fibo pivot support 3 is at about 1683.....I would be waiting for a a bounce off of the 1683.....and use a fibo retracement to 23.6....for a tight scalp. the s&p500 passed ...

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

Interesting chart....I am buying silver physically now....coz the dodd/frank bill killed it in the forex pairs for me....the same swings in gold are far more profitable on mt4.

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

yeah unusual.....apparently it was caused by people cashing out for dollars.....the demand on dollars pushed the gold price down.

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

good call ruffryders....managed to get my scalp in....it was a dumb move though. my buddy got a margin stop out this morning. down to 1708 support 2 I am guessing it is going to go down to at least support 3 at 1683. roughride for the bulls!

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

In for a little scalp at 1740.95 figure it should ride up to 1754 support level 3. Watching carefully though....Daily chart says it could fall to 1700 hopefully we have seen the bottom and it is turning bullish going forward I am guessing it will ...

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

hehehe.....I used to run my own cod server. Trade similarly.....my problem is my genitalia are disproportionately large in comparison to the rest of my anatomy....and invariably the draw downs bite me in the butt. I am learning to be patient and ...

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