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

  • #2,601
  • Jan 20, 2011 7:41am Jan 20, 2011 7:41am
testing 1350 right now
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,602
  • Jan 20, 2011 7:42am Jan 20, 2011 7:42am
Quoting fawaol
{
//I think, we will get a correction to at least 1380, then down again.//

wait for price = 1380 then

If 1355 will fall then next stop=1347;
else wait for =1410;
If spike at =1410 then big fall to 1300;
else goto farfarfar away =1550;
}

Sorry for kidding
So here is 47 after 79 )
  • #2,603
  • Jan 20, 2011 8:14am Jan 20, 2011 8:14am
Looks like the price will hit two moths low..
  • #2,604
  • Jan 20, 2011 9:21am Jan 20, 2011 9:21am
Finally a break of 55. I had to lose an sum equal to what I made today to catch it. Is this the start of a bit of a downtrend? It's been a long time coming and the daily looks very bearish. Especially after today.
  • #2,605
  • Jan 20, 2011 9:48am Jan 20, 2011 9:48am
We are oversold on M5 - ONLY on M5. Time to open longs at 1345 for some scalping. It could still fall to 1335 today, but not more than that. Then Asia can provide some very nice profits during the night
"The reason I was born and came into the world is to testify to the truth."
  • #2,606
  • Jan 20, 2011 10:13am Jan 20, 2011 10:13am
Waitin' 1300 to add 3 lots and if it falls to 1250 will add another 3....my 11lots will be left untouched untill 1450 (far, far away...it seems)
  • #2,607
  • Jan 20, 2011 10:37am Jan 20, 2011 10:37am
http://online.wsj.com/article/BT-CO-...20-711215.html
  • #2,608
  • Jan 20, 2011 9:40pm Jan 20, 2011 9:40pm
Quoting rastogiroh
this is my attempt into gold analysis from medium term view
I am a newbie in technical analysis and mainly concentrate on physical trading of gold
hope to learn from all of u !
Thanks for these Charts

You trade Gold physically?
As a kind of "Goldshop"?

if not, I would find it quite to trade Gold on short Terms
  • #2,609
  • Edited 10:12pm Jan 20, 2011 9:56pm | Edited 10:12pm
Quoting lilpip
siver closing like she wants to continue to climb.
areas of extra interest this month.
32.60-34.64
26.27-27.44
lets see how this 27.44 area responds as bias for month is down from 27.83 and up from 27.44-83.
Jan. monthly
3242
2783
2324
  • #2,610
  • Jan 21, 2011 12:10am Jan 21, 2011 12:10am
bigs want to kick out weak longs before go up imho...
  • #2,611
  • Jan 21, 2011 1:23am Jan 21, 2011 1:23am
Quoting MaaTini
Thanks for these Charts

You trade Gold physically?
As a kind of "Goldshop"?

if not, I would find it quite to trade Gold on short Terms
ya i am a jeweler by profession and trade gold in delivery in small quantity

started Technical analysis in free time
lot of learning to do
  • #2,612
  • Jan 21, 2011 1:51am Jan 21, 2011 1:51am
Quoting riko2705
bigs want to kick out weak longs before go up imho...
obviously
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,613
  • Jan 21, 2011 3:08am Jan 21, 2011 3:08am
Quoting Bootleger
obviously

good luck
ı ll add small every 100 pips through down
  • #2,614
  • Edited 11:25am Jan 21, 2011 8:31am | Edited 11:25am
Quoting lilpip
lets see how this 27.44 area responds as bias for month is down from 27.83 and up from 27.44-83.
Jan. monthly
3242
2783
2324
e/u may give us a clue looking @ daily chart, watching how 1.3563 responds.
e/u monthly
1.4201
1.3544
1.2880
both are at pivot areas for month, partials taken from monthly lows and highs, looking for direction.
eyes open.
  • #2,615
  • Jan 21, 2011 8:36am Jan 21, 2011 8:36am
Testing 1340. Today I set an order for 1297. The last 12xx was a long time ago (September 30th). And we are not oversold on H1, it could still go straight to the 1290s before bouncing back.

"I'm on my way down now/I'd like to take you with me/I'm on my way down..."

It's nice to see gold back below EUR 1,000.00. Soon I will be able to buy some physical one
"The reason I was born and came into the world is to testify to the truth."
  • #2,616
  • Jan 21, 2011 9:14am Jan 21, 2011 9:14am
Gold's looking pretty weak today... Any open shorts...

Could be the beginning of a corrective trend to 1250.. Hmmmm.

Otherwise, just getting cheaper to buy the physical...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,617
  • Jan 21, 2011 10:03am Jan 21, 2011 10:03am
euro seems to have caught fire..

Still long from last night

AUD -- (long) may dump this -- not sure looking for retracement yet seems weak
EUR -- holding (long)

Cable -- holding (Long) - looking to crack 6000 open wide and catch another 50 pips
USD/CHF - holding (short )- looking for 9550

Gold - Flat - May get Long - stopped out last night at loss.

silver flat.

it is friday though.... so new positions if are not my favorite idea.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,618
  • Jan 21, 2011 12:00pm Jan 21, 2011 12:00pm
Quoting XTrade
Gold's looking pretty weak today... Any open shorts...

Could be the beginning of a corrective trend to 1250.. Hmmmm.

Otherwise, just getting cheaper to buy the physical...
Then if it that happens, silver will be trading at the 20-25 level, I would rather add more silver
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,619
  • Jan 21, 2011 12:02pm Jan 21, 2011 12:02pm
Also, with the rebound of the Euro, we might see again the old correlation USD Down, Gold up
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,620
  • Jan 21, 2011 12:09pm Jan 21, 2011 12:09pm
I doubt very much gold will get that low. There is apparently immense buying interest in the physical and the shorts are having to expend an enormous amount of ammo to bring the paper price down.

From a technical point of view on the Daily chart things are looking oversold. It's important to note that they haven't turned up yet and that there is significant technical resistance above to be overcome. I would suggest having a look at the levels of the RSI and MACD and particularly at the Stochastics. The quicker 14,3,3 Stochastics are already into their "oversold" zone under 20 whereas (and maybe more significantly) the slower 60,3,3 Stochs are approaching this level. The latter only did so twice during 2010 and on turning up they pressaged exceptional rises.

As usual with technical indicators DO YOUR OWN RESEARCH - I would suggest that a bit of charting, of the Stochs in particular, would put some fears to bed.....

Beeb
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