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

  • #2,741
  • Jan 27, 2011 7:36pm Jan 27, 2011 7:36pm
Gold is one of the worst falling knives to catch. Be careful _ dont HEDGE. get out take the loss. realize what you did wrong AND DONT DO IT AGAIN


Now if you are in profit from 1212 u may consider exiting on bounce.

always YOUR call in the end

Quoting vioilaunch
so, I bought at 1212,3 as I waited but...am I trying to catch the knife? I think for today I will be ok....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,742
  • Jan 27, 2011 9:31pm Jan 27, 2011 9:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: gold 28-1-2011.PNG Size: 27 KB


Heads and Shoulders did its part gold down to trendline
next supports are 200 days moving averages
  • #2,743
  • Jan 28, 2011 12:34am Jan 28, 2011 12:34am
I am a Newbe here

I just would like to ask some Senior Members about the Corelation of USD and Gold - is their anymore?

Will it come back anytime soon - or is it gone foreever?

Thanks for any Answer

Cheers
  • #2,744
  • Jan 28, 2011 2:08am Jan 28, 2011 2:08am
Waitin' for the 1300 (psychological support) to buy and after that the 1270 trendline support
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.JPG Size: 204 KB
  • #2,745
  • Jan 28, 2011 2:18am Jan 28, 2011 2:18am
Quoting MaaTini
I am a Newbe here

I just would like to ask some Senior Members about the Corelation of USD and Gold - is their anymore?

Will it come back anytime soon - or is it gone foreever?

Thanks for any Answer

Cheers
there is inverse relation between $ and major metals like gold and silver. When value of USD is going down people would buy physical metals (as investing in metals is considered as safe investment) which results increase in Gold price. On the other hand when price of USD is going up people would sell gold to buy USD. This selling pressure results in decreasing price of gold.
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #2,746
  • Jan 28, 2011 6:33am Jan 28, 2011 6:33am
the price of gold is close to the bottom of the increasing channel (since 2008) .
  • #2,747
  • Jan 28, 2011 9:42am Jan 28, 2011 9:42am
seasonally the trrend is for Au to rocket through Chinese New Year to make a peak in late March.

I went long at 1312. considering to hold this for a longer run.

Todays rebound stronger than 2 days ago. Formidible resistance at around 1350-55 with multiple converging lines.

I retest or a base lower I see would be about the 1297 (200EMA on daily) and Psy level of 1300.
I have no enemy; I make Incautiousness my Enemy.
  • #2,748
  • Jan 28, 2011 10:09am Jan 28, 2011 10:09am
Quoting musclemike
Waitin' for the 1300 (psychological support) to buy and after that the 1270 trendline support
watch chart. 1335, 1345 in play.
Hero calls followed by margin calls...
  • #2,749
  • Jan 28, 2011 10:11am Jan 28, 2011 10:11am
lol such a rollercoaster ride
  • #2,750
  • Jan 28, 2011 10:55am Jan 28, 2011 10:55am
Great little come back
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,751
  • Jan 28, 2011 11:37am Jan 28, 2011 11:37am
missed out on the fun and festivities but as I look at the charts shes makin my head spin as she runs the gamit on the daily.
Also, thur. breakout did not hold .
27.85
27.15
26.45
gold daily
1346
1325
1304
  • #2,752
  • Jan 28, 2011 11:39am Jan 28, 2011 11:39am
Quoting starman45
We will see how to react to support 1327.
Currently, the immediate trend is down.
Chart daily.

Attachment
Very good reaction, but I have to remember that we are still in downtrend.
Chart daily.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 18 KB
  • #2,753
  • Jan 28, 2011 11:42am Jan 28, 2011 11:42am
Can make it higher!
  • #2,754
  • Jan 28, 2011 11:46am Jan 28, 2011 11:46am
Quoting roxen99
im loading my longs...n im heavily bullish on gold and silver both
hey bud, hope you were not stopped by the false break of 1314. weeky chart has a nice pin if it holds.

good call
  • #2,755
  • Jan 28, 2011 12:08pm Jan 28, 2011 12:08pm
Out most of day _ howdy folks.

Seems 1307 has formed temporary bottom.

GDP number not as good as expected likely helped this move.

Nice climb today of appx 27 USD ATM.

As well as fear in Egypt.

We seem to have found a bottom temporarily and some bargain hunters and fundamentalists stepping in.

So who's long?

I closed my measly short with a few bucks on it. But this is the level I was looking for (actually appx 1303/5 to get long and test the psychology of 1300.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,756
  • Jan 28, 2011 12:10pm Jan 28, 2011 12:10pm
Quoting highlander2
hey bud, hope you were not stopped by the false break of 1314. weeky chart has a nice pin if it holds.

good call
yea i managed my trade very well...loving Gold and silver atm...my target for gold is 1450
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #2,757
  • Jan 28, 2011 6:03pm Jan 28, 2011 6:03pm
Quoting PhAnTi'
watch chart. 1335, 1345 in play.
Hero calls followed by margin calls...
  • #2,758
  • Jan 29, 2011 1:36am Jan 29, 2011 1:36am
Quoting XTrade
Out most of day _ howdy folks.

Seems 1307 has formed temporary bottom.

........................
So who's long?
Besides me? I was expecting the 1300 lvl to add more but since it didn't happen i am long only with the actual 12 lots.
  • #2,759
  • Jan 29, 2011 6:27am Jan 29, 2011 6:27am
[quote=XTrade;4353980]
So who's long?

http://i799.photobucket.com/albums/y.../Gold29oct.png
Green PIps
SANTAI FX EA
  • #2,760
  • Jan 29, 2011 11:54am Jan 29, 2011 11:54am
Isn't this a very nice looking bullish flag on the M15 chart ?
Attached Image (click to enlarge)
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