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

  • #2,041
  • Nov 16, 2010 7:01pm Nov 16, 2010 7:01pm
I am long after the $20 plus dip today....

1340.50 area needs to get BLOWN threw...

Now a firm HIGHER low @ 1335.

Looking to breakout to at least the 23.6 fibo aforementioned.

I will edit and add the post. ( even though it is probably on this page)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,042
  • Nov 16, 2010 7:10pm Nov 16, 2010 7:10pm
We are in a tight range right now between 1341 & 1334.

I don't expect much action before London. and even then, well sparks dont always fly...

I am going to do some charting reading, but will be available in the thread.

WHO:S TRADING!!!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,043
  • Nov 16, 2010 9:23pm Nov 16, 2010 9:23pm
Quoting XTrade
We are in a tight range right now between 1341 & 1334.

I don't expect much action before London. and even then, well sparks dont always fly...

I am going to do some charting reading, but will be available in the thread.

WHO:S TRADING!!!!!!
I long from 1335
SANTAI FX EA
  • #2,044
  • Nov 16, 2010 9:27pm Nov 16, 2010 9:27pm
Price just tried to touch daily low and could not make it.

I want 1341 cracked open for tonights trading..

What are you looking at? And BTW welcome to the thread I hope
you find yourself at home here.
X

Quoting wardi
I long from 1335
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,045
  • Nov 16, 2010 9:54pm Nov 16, 2010 9:54pm
Added long @1358 - 2 lots (on 4h chart, seemed to me a good support) and also long @1340 - 2lots, now it's waiting game for me...again.
  • #2,046
  • Nov 16, 2010 10:08pm Nov 16, 2010 10:08pm
Quoting musclemike
Added long @1358 - 2 lots (on 4h chart, seemed to me a good support) and also long @1340 - 2lots, now it's waiting game for me...again.
hi musclemike,
what is your SL and target price? thanks
  • #2,047
  • Nov 16, 2010 11:55pm Nov 16, 2010 11:55pm
FINALLY A BOOST UP!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,048
  • Nov 17, 2010 12:09am Nov 17, 2010 12:09am
Quoting XTrade
Price just tried to touch daily low and could not make it.

I want 1341 cracked open for tonights trading..

What are you looking at? And BTW welcome to the thread I hope
you find yourself at home here.
X
Thks XTrade
SANTAI FX EA
  • #2,049
  • Nov 17, 2010 12:50am Nov 17, 2010 12:50am
Quoting FirePegasus
hi musclemike,
what is your SL and target price? thanks
Hi there, I dont have a SL but i will close 6 lots @1400-1410
  • #2,050
  • Nov 17, 2010 1:57am Nov 17, 2010 1:57am
I Am scalping right now. Too unreliable and choppy.

We had a small symmetrical triangle which broke south.

Now it looks like if 1328 goes gold is going to slide further.

Euro and GBP are oversold..... Lets see how this london session goes.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,051
  • Nov 17, 2010 2:31am Nov 17, 2010 2:31am
Hi everyone!

Today the market of Europe will receive some basic information such as claimant Change Count, Average Earnings Index is 3m / y, unemployment Rate ... If better information before the public forecast and GBP and Gold can be supported.

I wish every success!
  • #2,052
  • Nov 17, 2010 2:53am Nov 17, 2010 2:53am
gold could bouce up with EUR and GPB, but you will soon notice that it will not rally anymore.

Sell into strenght should become the best way to trade it, after that buying any dip worked really well in the last months.

Still I am a buyer around 1315 - 1320, and a seller from 1355 to 1380.
If it goes back up there, I see great potency for yesterday's low to be breached this month or next one.

The market is expecting new highs above 1424 instead, we'll see what happen.
  • #2,053
  • Nov 17, 2010 3:10am Nov 17, 2010 3:10am
OK Fellas WE NEED TO TAKE OUT THIS nasty little line on the lower time frames before proceeding north.

I have enclosed a quick (very Quick chart idea)

see below
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,054
  • Nov 17, 2010 3:12am Nov 17, 2010 3:12am
DONE!!!!!!!

Let's go HIGHER!
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,055
  • Nov 17, 2010 3:15am Nov 17, 2010 3:15am
Sorry for the sloppy charts.

Bears may have to step aside now....

Also CABLE -- GBP/USD News out at 4:30 am EST NEW YORK time.

beating out all major since London open
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,056
  • Nov 17, 2010 3:26am Nov 17, 2010 3:26am
AROUND the 1340 area.... If we can take that I am targeting

1345 and 50 in the immediat. then will move to an older fibo....

Will tr to get a chart up as well
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,057
  • Nov 17, 2010 3:49am Nov 17, 2010 3:49am
Quoting XTrade
DONE!!!!!!!

Let's go HIGHER!

on H1 graph we are still in decreasing channel
  • #2,058
  • Nov 17, 2010 3:54am Nov 17, 2010 3:54am
Channel is over after cross session...

This is H1 and the mini symm triangle we are about to breakout thru.

show me the chart.


Quoting Eren10
on H1 graph we are still in decreasing channel
Attached Image (click to enlarge)
Click to Enlarge Name: Gold H1 triangle.GIF Size: 15 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,059
  • Nov 17, 2010 4:00am Nov 17, 2010 4:00am
Nevermind I see what you are looking at. Yes we'll see.

Looks to me like it will break.

Important trendlines on cable. euro oversold. Gold corrected,. swissy overbought.

this "COULD" be the beginning of a few nice days of dollar dumping.

DXY needs to correct as welll.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,060
  • Nov 17, 2010 4:02am Nov 17, 2010 4:02am
Once 1340 goes the channel should be toast.eace


Look at those lines on a daily.... way to steep to sustain.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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