XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 296 | Metals Mine

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

  • #5,901
  • May 5, 2011 7:57am May 5, 2011 7:57am
Quoting FX4Newbies
Maybe price already accounted for it. That's one reason some traders don't pay attention to the news. Perhaps XTrade or Beeb or some of the more experienced traders have another answer. I would also like another take on this. Or...maybe the market is getting into position for when Bernanke speaks...giving room for the dollar to fall...don't know.

FX4

http://www.zerohedge.com/article/eur...ichet-comments
  • #5,902
  • May 5, 2011 8:00am May 5, 2011 8:00am
Quoting beeb
http://www.zerohedge.com/article/eur...ichet-comments
Thanks Beeb and XTrade.
Trade what you see, not what you think or feel. Let the market come to you.
  • #5,903
  • May 5, 2011 8:03am May 5, 2011 8:03am
And now it is EUR's turn to fall... Sorry USD bears.
  • #5,904
  • Edited 9:05am May 5, 2011 8:11am | Edited 9:05am
Quoting lilpip
with wed. close @ 39.33 just below its daily projected low ( 39.41), coupled with daily close below weekly lows @ (39.78) indicates she wants to continue south. However, we shall see how that area responds today to confirm. Push down from there after first 30 minutes of new day is noted.

thur.daily
47.85
42.58
37.31
days lows noted (37.31).
eyes open.
  • #5,905
  • May 5, 2011 8:53am May 5, 2011 8:53am
considering buy again with smallest lot , & actually at pullback next , possibly intervention cooling down , at least metals for now . further confirmation at least some more up with breaks 1511.42. first one was 1505.54.
thanks , take care if any trade around.
silver over 261,8% fib at 36.83 , may do there .
http://www.forexfactory.com/showpost...stcount=436321

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,906
  • May 5, 2011 8:55am May 5, 2011 8:55am
Added more longs at 1497. will add more when (if) we get to 1480...
  • #5,907
  • May 5, 2011 9:02am May 5, 2011 9:02am
1496 hit and entered - again just now...

Now looking at silver -
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,908
  • May 5, 2011 9:03am May 5, 2011 9:03am
Quoting lilpip
gold may monthly
1592-1607
1485-93
1436
bias for month is up from 1485
  • #5,909
  • May 5, 2011 9:24am May 5, 2011 9:24am
lets see if this breakout on the daily 37.31 holds.
  • #5,910
  • May 5, 2011 9:43am May 5, 2011 9:43am
Market too unsettled for positioning. Only scalping today.

If 1496 goes next target appx 1475 then reassessment.

Silver looking weak.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,911
  • May 5, 2011 9:55am May 5, 2011 9:55am
Quoting XTrade
Market too unsettled for positioning. Only scalping today.

If 1496 goes next target appx 1475 then reassessment.

Silver looking weak.
there goes 1496
  • #5,912
  • May 5, 2011 9:55am May 5, 2011 9:55am
Quoting lilpip
lets see if this breakout on the daily 37.31 holds.
Heading toward 35.94 it seems.....
  • #5,913
  • May 5, 2011 9:56am May 5, 2011 9:56am
Quoting Dolph
Superb trading day, i've lost some money but i'm still enjoying it
for me it's also a superb trading day (week, actually), but only because I've made great profits Well, at least you are having fun...

Quoting Dolph
In the long run, I reckon this sell off will be a gift.
Exactly. It will provide good entry points for longs AND good opportunity for buying physical metal (I hope).

Oh boy, there we go down again! More orders triggered
"The reason I was born and came into the world is to testify to the truth."
  • #5,914
  • May 5, 2011 10:13am May 5, 2011 10:13am
I have to admit it : I shorted gold. While holding onto my longs. Not to hedge, but for profit. I feel like a horrible person now
  • #5,915
  • May 5, 2011 10:13am May 5, 2011 10:13am
Quoting XTrade
Market too unsettled for positioning. Only scalping today.

If 1496 goes next target appx 1475 then reassessment.

Silver looking weak.
Silver is just so easy to trade. It never goes up, add a trailing stop loss on short and you cannot lose at the moment.
  • #5,916
  • May 5, 2011 10:14am May 5, 2011 10:14am
Where is the support for Gold...? Where are we headed to..? reached 1480... On any other day it would be an attractive price to go long,, but seeing the current situation i really dunno what to do... So better stay away...
What is the next target guys..?
  • #5,917
  • May 5, 2011 10:22am May 5, 2011 10:22am
Last big correction in January Gold go bearish from $1424 to $1308 = $116

New low in Gold today = $1479, Which is $ 96 from the top ($1575 on May 2nd)

I have put limit buy order at 1468, 1460.

Anyone doing the same?
  • #5,918
  • May 5, 2011 10:24am May 5, 2011 10:24am
Quoting llrickkll
Last big correction in January Gold go bearish from $1424 to $1308 = $116

New low in Gold today = $1479, Which is $ 96 from the top ($1575 on May 2nd)

I have put limit buy order at 1468, 1460.

Anyone doing the same?

no - i'm waiting until nfp is done....

beeb
  • #5,919
  • May 5, 2011 10:28am May 5, 2011 10:28am
As planned -- see the pin

let's see if this holds....



Quoting XTrade
Market too unsettled for positioning. Only scalping today.

If 1496 goes next target appx 1475 then reassessment.

Silver looking weak.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,920
  • May 5, 2011 10:29am May 5, 2011 10:29am
some of the prior retraces on gold were of comparable size if not greater. So the trend is still up. soon there will be a buying opportunity.
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