gold has fairly tanked over the past hour or so, I have moved my stop to below 1345, to lock in some pips, it look pretty bearish to me at this point...
. targeting 74 with remaining position.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
. targeting 74 with remaining position. - #2,842
- Feb 8, 2011 10:59pm Feb 8, 2011 10:59pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Looks Like were 10 cents over now!
If the silver bull keeps raging expect $50 in the next years.
Time goes by fast. As expensive as $30 may be per ozt if you add slowly the stack grows.
There may be some pullback but I'd say after 3 or so years flirting with 22
it will be hard to push the price far below the 20 usd area.
Oh and no problem.
If the silver bull keeps raging expect $50 in the next years.
Time goes by fast. As expensive as $30 may be per ozt if you add slowly the stack grows.
There may be some pullback but I'd say after 3 or so years flirting with 22
it will be hard to push the price far below the 20 usd area.
Oh and no problem.
10 cents away from 30 bucks an ounce
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #2,843
- Feb 9, 2011 1:27am Feb 9, 2011 1:27am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
hope gold will drop once more to 1357 area, just wanna reload longs 
Phanti.
Phanti.
Hero calls followed by margin calls...
- #2,844
- Feb 9, 2011 1:27am Feb 9, 2011 1:27am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
What is the target at the north???
Hero calls followed by margin calls...
- #2,847
- Feb 9, 2011 10:24pm Feb 9, 2011 10:24pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #2,849
- Edited 6:27am Feb 10, 2011 4:18am | Edited 6:27am
Price above 1360 area noted below.
we are in a slow moving "sideways to up" pattern right now.
I would like the next "up" to spike to the 1375 /1380 area and the following
"sideways" to be 1373 and 1393 areas.
Actually we see the same pattern repeating three times since Feb 28th: a rally and then a consolidation period. You can see it in any H1-H8 chart. It's rather scary. Sounds like manipulation.
The market seems to be forming a trend channel for February. If this is correct, the support should be around 1345 at the moment, going up at every hour. And another spike can happen any time. Or not
"The reason I was born and came into the world is to testify to the truth."
- #2,851
- Feb 10, 2011 1:17pm Feb 10, 2011 1:17pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #2,856
- Edited 7:49am Feb 11, 2011 7:45am | Edited 7:49am
http://www.chartpatterns.com/wedges.htm
Hmm.. talking about the wedges formation, the right bottom figure from the link above is interesting, similar to H4 gold price..
Perhaps we expecting a different outcome.. we'll see..
Hmm.. talking about the wedges formation, the right bottom figure from the link above is interesting, similar to H4 gold price..
Perhaps we expecting a different outcome.. we'll see..
- #2,857
- Feb 11, 2011 8:22am Feb 11, 2011 8:22am
http://www.chartpatterns.com/wedges.htm
Hmm.. talking about the wedges formation, the right bottom figure from the link above is interesting, similar to H4 gold price..
Perhaps we expecting a different outcome.. we'll see..
Yes, lol, wedge formation, sorry my bad english, its not my mother language and thank you for the correction.
gold tanking here....will it be bought up into the close this time.....
long from 63
sl 49