XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 196 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #3,901
  • Mar 28, 2011 6:51am Mar 28, 2011 6:51am
we will see the gold in next move more south side today is home data from US session and it technically too bearish bears have controll 1407 is next support level see what will be happend i was short sell at the 1419 level 1000 troy ounce
Trading by EA
  • #3,902
  • Mar 28, 2011 7:04am Mar 28, 2011 7:04am
may be a place reload?
good trading week
Attached Image (click to enlarge)
Click to Enlarge Name: hs.png Size: 50 KB
  • #3,903
  • Mar 28, 2011 7:42am Mar 28, 2011 7:42am
hi xtrade, could we have your analysis?
thanks
  • #3,904
  • Mar 28, 2011 8:03am Mar 28, 2011 8:03am
Might be. On 200 sma on the H4 chart may lend some support. Dropped down a bit overnight.

Wondering if we will test lower. Flattened most of my positions on Friday. Waiting as of now.

Quoting riko2705
may be a place reload?
good trading week
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,905
  • Mar 28, 2011 8:06am Mar 28, 2011 8:06am
I'm thinking there may be possibility of a run on 1406 support if that fails 1401.

We'll see.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,906
  • Mar 28, 2011 8:18am Mar 28, 2011 8:18am
Quoting XTrade
I'm thinking there may be possibility of a run on 1406 support if that fails 1401.

We'll see.
thank you
hope 1400 would respect
  • #3,907
  • Mar 28, 2011 8:34am Mar 28, 2011 8:34am
Quoting XTrade
I'm thinking there may be possibility of a run on 1406 support if that fails 1401.

We'll see.
Don't think so, i think now we'll get back to week's open at 1425.
  • #3,908
  • Mar 28, 2011 8:57am Mar 28, 2011 8:57am
Riko looks like you might have called it here.

Take a look at H4. Price is bouncing up now.
Quoting riko2705
may be a place reload?
good trading week
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,909
  • Mar 28, 2011 8:58am Mar 28, 2011 8:58am
Yeah I don't think so either just a thought.

I entered.

still holding lightened loads from
1385 1391 area.

Bought EUR /USD also earlier. Keep an eye on swissy taking a dive if the dollar weakens

Quoting fawaol
Don't think so, i think now we'll get back to week's open at 1425.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,910
  • Mar 28, 2011 9:07am Mar 28, 2011 9:07am
Quoting XTrade
Yeah I don't think so either just a thought.

I entered.

still holding lightened loads from
1385 1391 area.

Bought EUR /USD also earlier. Keep an eye on swissy taking a dive if the dollar weakens
Possible change of scenario with good news about Home Sales????
Waiting for lower enter....

PS what about pics with Lines Charts???
  • #3,911
  • Mar 28, 2011 9:17am Mar 28, 2011 9:17am
Quoting beeb
http://www.cmegroup.com/trading/meta...fications.html
It seems that the fun is over it's trying to bounce. If it falls again, more longs will be triggered.

I had a decent position and decided to scalp at 1416. Will I regret? Probably. Anyway, the profit paid for the two silver coins I bought on Saturday. They are so beautiful!

The fork is still holding on the lower line. Interesting...
"The reason I was born and came into the world is to testify to the truth."
  • #3,912
  • Mar 28, 2011 9:17am Mar 28, 2011 9:17am
You'll get them, (sorry i got tied up) I was trying to find a good pair to use but I'll use gold. since that's what we discuss.

BTW, I don't trade off line charts I just use them to plot strong S/R levels.

Quoting fawaol
Possible change of scenario with good news about Home Sales????
Waiting for lower enter....

PS what about pics with Lines Charts???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,913
  • Mar 28, 2011 9:20am Mar 28, 2011 9:20am
Quoting harvest3r
The fork is still holding on the lower line. Interesting...

Glad you're finding it useful - I took a small long off it at 1413 - am now at b/e as I don't trust the market on opex....

beeb
  • #3,914
  • Mar 28, 2011 9:25am Mar 28, 2011 9:25am
Here is my line on close chart with various possible swing points marked off:
Attached Image (click to enlarge)
Click to Enlarge Name: XAUclose.png Size: 20 KB
  • #3,915
  • Mar 28, 2011 9:28am Mar 28, 2011 9:28am
Suntrader - looking at your chart I note how many times there is a breakout followed by a significant reaction....that's one of the reasons I tend not to look for horizontal support or resistance but tend to look for them along the angle of my forks....

beeb
  • #3,916
  • Mar 28, 2011 10:08am Mar 28, 2011 10:08am
Here is a look back in hindsight, many look tradeable to me.

The way I trade lines of any kind and especially daily pivot levels is at the first time back to a level. Second time if they break through then jump aboard. After that I leave them alone. Although that 1385 zone continues to have reactions.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUclose2.png Size: 21 KB
  • #3,917
  • Mar 29, 2011 5:56am Mar 29, 2011 5:56am
hi fawaol got any comment whats going on?
thank you
  • #3,918
  • Mar 29, 2011 6:23am Mar 29, 2011 6:23am
Quoting riko2705
hi fawaol got any comment whats going on?
thank you
No

"Buy on dips & hold" (C) XTrade

I think There is a strong supports for Au & Ag, around 1400 & 36

BTW I watch Daily - there was a good spike down yesterday, so i think metals are in a wide range now
& we just touched lower bound on this range (1410 & 36.5)

I just thought, Au week will close at 1433 with high around 1440....
  • #3,919
  • Mar 29, 2011 6:54am Mar 29, 2011 6:54am
Poss bottom in place for GC - two requirements:

1. needs to stay above low of 1410 and
2. breach and then remain above resistance at 1420 imho....

beeb
  • #3,920
  • Mar 29, 2011 7:12am Mar 29, 2011 7:12am
Fed’s Bullard: FOMC may not be willing or able to wait for all global uncertainties to be resolved to start normalising policy

Such news may be affecting the market and bringing XAU/XAG down.

Nevertheless, I agree with the other guys and believe that we reached the bottom. If 1409 or even 1408 is touched, it shouldn't change this fact. The lower line of the fork (yesterday's post) is having problems to hold, though.

This time I will hold my longs until 1420 (if we reach it).
"The reason I was born and came into the world is to testify to the truth."
138 traders viewing now