XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 752 | Metals Mine

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

  • #15,021
  • Jan 4, 2012 12:36am Jan 4, 2012 12:36am
Hi all !

I will like to invest in silver for the following period:

1) 1 position exit between 1.5-2 years

2) 1 position exit between 2.5-3 years

3) 1 position exit between 4-5 years

4) 1 position exit between 9-10 years

Is now the good time to go in for all above mentioned time frame?

The lowest

for 2008 is 9.17
for 2009 is 10.51
for 2010 is 15.14
for 2011 is 26.16
for 2012 is ?

Currently, the price is 29.28. Will the silver price continue to go down to 15.14 before shooting up?

Thank you !
  • #15,022
  • Jan 4, 2012 1:02am Jan 4, 2012 1:02am
hi all

http://img407.imageshack.us/img407/5485/adszfk.jpg

Good luck!
Never change your position without a good reason
  • #15,023
  • Jan 4, 2012 2:27am Jan 4, 2012 2:27am
Gold now touched 1612. Moved my stop losses of my longs(1569 1585 and 1594) to 1605. I'm not very confident the upward move will continue. On the look out for sell signals between 1612 and 1625
  • #15,024
  • Jan 4, 2012 2:45am Jan 4, 2012 2:45am
Just took a probatory short position at 1611 with a tight SL at 1614 using the 1 minute chart. just testing the waters though
  • #15,025
  • Jan 4, 2012 2:46am Jan 4, 2012 2:46am
moved short to BE........
  • #15,026
  • Jan 4, 2012 3:08am Jan 4, 2012 3:08am
All longs finally stopped out.....at good profit. Moved my sell SL to 1609. A $2 profit is better than nothing.
  • #15,027
  • Jan 4, 2012 7:23am Jan 4, 2012 7:23am
Whatsup guys? Any suggestions for todays direction?
  • #15,028
  • Jan 4, 2012 8:10am Jan 4, 2012 8:10am
Quoting BlazeHun
Whatsup guys? Any suggestions for todays direction?
Up/down or vice versa.
  • #15,029
  • Jan 4, 2012 8:23am Jan 4, 2012 8:23am


I meant technical analysis from someone with more routine than me.
  • #15,030
  • Jan 4, 2012 8:23am Jan 4, 2012 8:23am
Quoting SunTrader
Up/down or vice versa.
  • #15,031
  • Jan 4, 2012 8:28am Jan 4, 2012 8:28am
Quoting BlazeHun


I meant technical analysis from someone with more routine than me.
People usually don't want to make trading calls for the inexperienced. I'm not sure where you stand, but asking people to offer technical analysis without a contribution of your own is often indicative of someone new to trading, or at least this forum.

If you look back a page or two...
  • #15,032
  • Jan 4, 2012 8:39am Jan 4, 2012 8:39am
There was support at/around 1608 from past. It looks like the price has stalled in this area.

The 21 day SMA hits this area (daily chart) and on the weekly channel the major LTL is there at current.

Seems we need a quick burst to get above this area and re-claim the support.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,033
  • Jan 4, 2012 8:42am Jan 4, 2012 8:42am
Looks like the USD is falling against some of the majors and minors after gaining a bit of ground last night.

We may be able to pop this area 1608 appx today.

Need to do a correlation chart of Gold / USD
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,034
  • Jan 4, 2012 8:45am Jan 4, 2012 8:45am
I thought that was a resistance, X

Quoting XTrade
There was support at/around 1608 from past. It looks like the price has stalled in this area.

The 21 day SMA hits this area (daily chart) and on the weekly channel the major LTL is there at current.

Seems we need a quick burst to get above this area and re-claim the support.
Patience is magic
  • #15,035
  • Jan 4, 2012 8:46am Jan 4, 2012 8:46am
Took longs on Aussie and Kiwi and short Swissy. At top of session.

Long Gold as well.

Anyone have a new silver chart?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,036
  • Jan 4, 2012 8:48am Jan 4, 2012 8:48am
She's going for the break now!

If we can flip 1610/08 back to support the weekly channel LTL will be re-entered.

Seems Gold is trading with the currencies.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,037
  • Jan 4, 2012 8:49am Jan 4, 2012 8:49am
It was a support, then it turned resistance yes correct.

It needs to be flipped back.

Quoting muntu ntu
I thought that was a resistance, X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,038
  • Jan 4, 2012 9:22am Jan 4, 2012 9:22am
Quoting Wheels
People usually don't want to make trading calls for the inexperienced. I'm not sure where you stand, but asking people to offer technical analysis without a contribution of your own is often indicative of someone new to trading, or at least this forum.

If you look back a page or two...
Sorry.

If you look back few pages I had my opinion, I just asked others what do they think, that's all.
  • #15,039
  • Jan 4, 2012 9:37am Jan 4, 2012 9:37am
Chart. Weekly channel on Daily TF.

We can see the thin green line or what I have been referring to as the "dip line"
of the channel served as support, leaving wicks on daily bars.

Price is now up against prior support now turned resistance as aforementioned. (1608/10) plus the channel LTL.

Seems like the market is a bit confused today.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold weekly chan daily.GIF Size: 35 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,040
  • Jan 4, 2012 9:40am Jan 4, 2012 9:40am
Quoting BlazeHun
Sorry.

If you look back few pages I had my opinion, I just asked others what do they think, that's all.
No need to be sorry. Think I came across as rude. Perhaps I should apologize.

I noticed you had very few posts, so I assumed you were one among many who come to this forum asking for trading advice only to lose money and disappear. (Or, lament and complain about how you lost money asking for crystal ball predictions from others to help you make your money back).

From my end, short term technical analysis based trades is a sure fire way to lose money if you are an OTC trader - especially a beginner. Works fine at the bank level when you have access to high speed servers and information before everyone else, but there is a reason that most traders lose money. My hunch is that it is related to people trying to beat the market in the short term. Just look at the jump to 1614 not so long ago - wonder how many beginner OTC traders got suckered long only to be scared off by the move down.

What is your experience level?
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