XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 46 | Metals Mine

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

  • #901
  • Jul 8, 2010 5:40am Jul 8, 2010 5:40am
Quoting learntowin
Thank you very much,

Me, I already bought

https://www.kitcomm.com/showthread.php?t=29770&page=375

TKS

This Long setup is for MT & LT Targets

So no fear of further drops it may have

Averaging every 10 usd lower until Critical Support
  • #902
  • Jul 8, 2010 5:59am Jul 8, 2010 5:59am
If price stays above 1185 support I will be looking to buy for 1300 @ 1200

If price goes below 1185 I look for new short.

Other focuses:
GBP/USD "cable"
Swissy
EUR/USD "fibre"
Aussie
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #903
  • Jul 8, 2010 6:02am Jul 8, 2010 6:02am
Quoting XTrade
If price stays above 1185 support I will be looking to buy for 1300 @ 1200

If price goes below 1185 I look for new short.

Other focuses:
GBP/USD "cable"
Swissy
EUR/USD "fibre"
Aussie

Thank you very much,

I also have a short for USD / CHF
  • #904
  • Jul 8, 2010 6:14am Jul 8, 2010 6:14am
LOL you should take a look at the USD/CHF thread! I have been shorting this pair for a while now - can't wait for this pair to TANK further!
tonight we broke an important support. .0500 psych and the tru support came in lower.

Waiting to add another short!

Quoting learntowin
Thank you very much,

I also have a short for USD / CHF
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #905
  • Jul 8, 2010 7:25am Jul 8, 2010 7:25am
This chart does not show the mother TL that supports us at 1050

This is current weekly channel. If this channel is disrupted I look to 1050.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_weekly channel.GIF Size: 26 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #906
  • Edited 7:41am Jul 8, 2010 7:39am | Edited 7:41am
more longer term charts on the way later today.

One thing I want to remind every one here is:

1.Trendlines are meant to be broken and I don't rely on them in my Gold trading- * Unless they have been respected as the channel here has.
2. Support and resistance are created all the time. Stronger older S/R levels = more validity.

Older Trend lines - OK but this market can range for days.....

Looks like we are taking a dip here back below 1200

possible scalp short now TP at 1185 AT YOUR RISK
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #907
  • Jul 8, 2010 9:48am Jul 8, 2010 9:48am
When do i close my short...
Looks like its gonna go below 1185...

Should i let it ride ???
  • #908
  • Jul 8, 2010 9:50am Jul 8, 2010 9:50am
set a long this morning for L1188, just got filled.

mmm.... to scalp or to hold....
I have no enemy; I make Incautiousness my Enemy.
  • #909
  • Jul 8, 2010 9:52am Jul 8, 2010 9:52am
Going long might be risky... looks like its going below 1185...

I am still in the same short since 1196...
  • #910
  • Jul 8, 2010 10:07am Jul 8, 2010 10:07am
JPY just taken a step into further weakness, DJIA holding on to gains - risk-on?

and I huff and i puff this Long up hill.....
I have no enemy; I make Incautiousness my Enemy.
  • #911
  • Jul 8, 2010 11:13am Jul 8, 2010 11:13am
Quoting learntowin

I also have a short for USD / CHF
Trying out a short for Eur/Chf @ 1.3313 SL 1.3340
  • #912
  • Jul 8, 2010 11:18am Jul 8, 2010 11:18am
Quoting auther
Going long might be risky... looks like its going below 1185...

I am still in the same short since 1196...
Greed is risky to Profit

Closed @

Closing rate: 1195.00
Deal opening date: 07-Jul-10 16:38
Profit: 16.00 USD

Will Go long @ & if it reaches 1200 in the next 1 hour
  • #913
  • Jul 8, 2010 11:59am Jul 8, 2010 11:59am
Quoting jimobiwan
set a long this morning for L1188, just got filled.

mmm.... to scalp or to hold....

closed the L @ 1196.8

is the 45dma on 1H
is 5wma on 4H
and i didnt like how it stopped moving, suspended in mid air.

was a nice run.

I was lucky to get 1188, was only there for a flash. Couldnt have gotten it manually.
I have no enemy; I make Incautiousness my Enemy.
  • #914
  • Jul 8, 2010 12:09pm Jul 8, 2010 12:09pm
Fibonacci on Gold Daily. (Price extensions over the 13 - 20 and 24 per cent {the 'Extn. Rejection Level ll & lll' of the Fib tool}, can prove to be a tough price level to overcome.)
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Daily - up fib.gif Size: 28 KB
  • #915
  • Jul 8, 2010 12:36pm Jul 8, 2010 12:36pm
Silver, Daily Chart - the market is sitting in the lower part of the price channel situated in the upper third area of the Fibonacci Price Zone.
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSD Daily - down fib.gif Size: 28 KB
  • #916
  • Jul 8, 2010 10:37pm Jul 8, 2010 10:37pm
Howdy!

link to

Gold Price Struggles at $1200 After "Unsurprising Profit-Taking"; Gold Remains "Liquid & Highly Attractive" to Central Banks
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #917
  • Jul 9, 2010 1:30am Jul 9, 2010 1:30am
Here is another study.

This chart allows for further correction. Notice how the main trend lines are lining up in unison with the SMAs, this should when adding in horizontal supports produce powerful support areas.

I will elaborate tomorrow.
Quoting XTrade
This chart does not show the mother TL that supports us at 1050

This is current weekly channel. If this channel is disrupted I look to 1050.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Weekly _2chart.png Size: 47 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #918
  • Jul 9, 2010 1:40am Jul 9, 2010 1:40am
Are there any current positions in the room?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #919
  • Jul 9, 2010 1:43am Jul 9, 2010 1:43am
does anyone examine Au calls/puts OI and Call/Put ratio to shed light on possible mkt trend?
I have no enemy; I make Incautiousness my Enemy.
  • #920
  • Jul 9, 2010 1:50am Jul 9, 2010 1:50am
Quoting XTrade
Are there any current positions in the room?

Here

the minute i woke up and saw price stable w/n range plus JPY not gaining strength i went in L @1195.5. This was slightly lower than when i closed the existing long.
I have no enemy; I make Incautiousness my Enemy.
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