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

  • #4,181
  • Apr 5, 2011 9:38am Apr 5, 2011 9:38am
poor #
10:00amUSD
ISM Non-Manufacturing PMI 57.3 59.859.7

Positive GBP news AUD rates same.

Brent crude soaring into the 122 a barrel zone. Should help push gold a bit.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,182
  • Apr 5, 2011 9:41am Apr 5, 2011 9:41am
Banked some profit, ride it babyyyyyyy!
  • #4,183
  • Apr 5, 2011 9:44am Apr 5, 2011 9:44am
Quoting XTrade
poor #
10:00am USD
ISM Non-Manufacturing PMI 57.3 59.8 59.7

Positive GBP news AUD rates same.

Brent crude soaring into the 122 a barrel zone. Should help push gold a bit.

Gold above 1440, Ag return to high.

Looks very very strong Now!!!

But there may be some tricks before/while/after "FOMC Meeting Minutes"
Last time i remember there was a great sidemoves on gold after FOMC Meeting Minutes. How u gonna handle your positions on this event????
  • #4,184
  • Apr 5, 2011 9:47am Apr 5, 2011 9:47am
Quoting highlander2
I will be loking to sell more than half of my silver at 38.86, if we get there.
I have taken half at 38.78, I was up over 2x risk anyway and for the want of 8 points its no big deal,It was up here earlier in the day and sold off, do not want to watch that happen now.

I will try and hold the rest for more, see if it breaks 39.
  • #4,185
  • Apr 5, 2011 9:53am Apr 5, 2011 9:53am
Quoting GiorgioM
Banked some profit, ride it babyyyyyyy!
Congrats! That's what I thought when I saw gold crossing 1440. Share some of it with us!

I still cannot recognize which news made the USD fall like that. Someone threw LSD at Wall Street? Kiwi was fighting hard to cross 0.77, almost giving up, and then went up like a rocket. Stocks rallied. And gold finally moved.
"The reason I was born and came into the world is to testify to the truth."
  • #4,186
  • Apr 5, 2011 9:54am Apr 5, 2011 9:54am
Gold has not closed (daily) above 1440 (on my charts atleast) It has made repeated attempts and every time it has been sold off, I would assume that its only a matter of time before it stays above this level for the day.
  • #4,187
  • Apr 5, 2011 9:54am Apr 5, 2011 9:54am
Quoting GiorgioM
Banked some profit, ride it babyyyyyyy!

Nice one Giorgio

The next move will be telling IMO
If we stay above 1439 it'll be good news for bulls - otherwise I think we return to 1432.....


beeb
  • #4,188
  • Apr 5, 2011 10:02am Apr 5, 2011 10:02am
Thx Beeb, stop orders have been run and i've already closed 70% of my longs between 1442.5-1443.5. It was a very profitable scalp!
I'm still holding some long positions i just hope it is not another fake!
  • #4,189
  • Apr 5, 2011 10:04am Apr 5, 2011 10:04am
Alrite chaps,

I bought from 1435 on break of 4hr mini pin and now very glad i did.

Was gonna read back through the posts i missed last week but when i saw how many there were i decided to give it a miss. Looks like this thread is becoming Very Popular which is quite understandable

Got stopped out for a small profit last week so looking to get long this week as i reckon we'll be through to new highs soon.
  • #4,190
  • Apr 5, 2011 10:07am Apr 5, 2011 10:07am
Just on chat with my brother.

monkey: something interesting
monkey: silver
monkey: 2006 the mega rally
monkey: started in sept ended mid march
monkey: and 2010 starts Aug
monkey: due to end now
me: in terms of months?
monkey: not only
monkey: same months
monkey: in fact
monkey: both rallys started mid aug
monkey: aug 22nd and aug 25th
monkey: 2006 rally was 100%
monkey: this time a bit more
monkey: 115% so far
Attached Image (click to enlarge)
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  • #4,191
  • Apr 5, 2011 10:07am Apr 5, 2011 10:07am
Just banked another 20% of the original position at 1449. Keep flying baby!
  • #4,192
  • Apr 5, 2011 10:10am Apr 5, 2011 10:10am
Gold so close to 1450, and silver nearly 39
  • #4,193
  • Apr 5, 2011 10:13am Apr 5, 2011 10:13am
Quoting GiorgioM
Thx Beeb, stop orders have been run and i've already closed 70% of my longs between 1442.5-1443.5. It was a very profitable scalp!
I'm still holding some long positions i just hope it is not another fake!

Nice one
I missed my long target by 20cents.....
Still if you can't make $20, $19.80 will do

beeb

adjusted level - needs to stay above 1442....
  • #4,194
  • Apr 5, 2011 10:33am Apr 5, 2011 10:33am
AND THERE IT IS!!! all -



Quoting XTrade
Already long and waiting.
The dollar just fell across the board.

AUD bounced GBP up plenty, EUR bounce, CHF up then rejected down.


1440 should go soon.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD _ BREAKOUT h4 april 2011.GIF Size: 53 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,195
  • Apr 5, 2011 10:39am Apr 5, 2011 10:39am
Hehe, i love XTrade's spirit )
  • #4,196
  • Apr 5, 2011 10:42am Apr 5, 2011 10:42am
Quoting musclemike
Hehe, i love XTrade's spirit )

looks like he trades triple sceen on eur usd too
  • #4,197
  • Apr 5, 2011 10:49am Apr 5, 2011 10:49am
hi, anyone going short from 1450 ?
  • #4,198
  • Apr 5, 2011 10:57am Apr 5, 2011 10:57am
If you wanna short, do it on a shorter time frame and only for scalping, it's pretty unsafe to short when the trade is clearly up short/long time, be careful.
  • #4,199
  • Apr 5, 2011 10:57am Apr 5, 2011 10:57am
day range only 20. I will close longs on the next spurt up and turn to short and see what happens.
I have no enemy; I make Incautiousness my Enemy.
  • #4,200
  • Apr 5, 2011 11:02am Apr 5, 2011 11:02am
I will close 5 lots when we'll be at 1450, another 5 at 1460 and the 5 remaining will keep runing as i promised until oct 2011.
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