XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #6,743
- May 24, 2011 4:20pm May 24, 2011 4:20pm
- | Commercial User | Joined Oct 2010 | 1,778 Posts
23.6 fib retracement from $1460 low a few weeks ago to $1530 ish,
I got 8 units of gold and am currently a bit down but i'm happy with it
If you look at most of the charts here they are showing pretty reasonable uptrends at the moment on most timescales.....I accept that with OpEx and the London Bank Holiday on Monday there is a possibility of a raid and a spike down, but I would be very wary going short without stringent money management.....
I have no idea what 8 units of gold is (is it 8 x 100 ounces) or whether that is a large or small position for you....
I would wish you bonne chance, but that would hurt my positions
beeb
- #6,744
- May 24, 2011 4:56pm May 24, 2011 4:56pm
Thanks for that - I don't know your trading experience so forgive me if I'm "teaching you to suck eggs......"
If you look at most of the charts here they are showing pretty reasonable uptrends at the moment on most timescales.....I accept that with OpEx and the London Bank Holiday on Monday there is a possibility of a raid and a spike down, but I would be very wary going short without stringent money management.....
I have no idea what 8 units of gold is (is it 8 x 100 ounces) or whether that is a large or small position for you....
I...
Thanks Jeremy, bonne chance indeed!
Less is more...
- #6,745
- May 24, 2011 5:01pm May 24, 2011 5:01pm
- | Commercial User | Joined Oct 2010 | 1,778 Posts
No sweat over that beeb, the profit we make at least has to come from somewhere.
Thanks Jeremy, bonne chance indeed!
beeb
- #6,748
- May 24, 2011 9:21pm May 24, 2011 9:21pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
anyone scalping Gold? what is suggestion?
I actually don't put cargo on 15 Min TF's but if that is what you need...
Short to 1,518.
Long to 1,525
Short to 1,521
Long to 1,528
Short to 1,527
Lo...o...o...o...ong
Trade YOUR Money at Your behest. This looks to dicey to me.
B
- #6,750
- Edited 10:30pm May 24, 2011 10:19pm | Edited 10:30pm
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #6,751
- May 24, 2011 10:26pm May 24, 2011 10:26pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #6,752
- May 24, 2011 10:48pm May 24, 2011 10:48pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
I don't usually post analysis in both furums simultaneously but...
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Sorry but I'm only intererested in a couple these days. Gold being one of them.Not hard to say that I am a Gold Bull but like I try to teach...
Entries are Crucial.
I'm not, as yet, Long again but expect to be before the weekend.Hoping for another 5 Bar Bull Statement on the Daily.
My Indies(Although Still High) show Signs of a Turn North
Brake (& apparently held) The Bear Diag @ 1,515 or so.
Attacking recent swing high @ 1,.526.50
Not reallyu in love with the fact that it is not 'Brushing it aside' but I think the Bears know the consequence of losing a grip on this one.
IF the Bull Runs... I see 1,556 before it hesitates & takes a run at New Highs.
It's about Growth...
B
**********************
***********************
Sorry but I'm only intererested in a couple these days. Gold being one of them.Not hard to say that I am a Gold Bull but like I try to teach...
Entries are Crucial.
I'm not, as yet, Long again but expect to be before the weekend.Hoping for another 5 Bar Bull Statement on the Daily.
My Indies(Although Still High) show Signs of a Turn North
Brake (& apparently held) The Bear Diag @ 1,515 or so.
Attacking recent swing high @ 1,.526.50
Not reallyu in love with the fact that it is not 'Brushing it aside' but I think the Bears know the consequence of losing a grip on this one.
IF the Bull Runs... I see 1,556 before it hesitates & takes a run at New Highs.
It's about Growth...
B
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- #6,755
- May 25, 2011 5:18am May 25, 2011 5:18am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
We are in a pretty good spot here.
Price is in small range above resistance line at 1524 area.
I wouldn't call it exactly violated yet,
YET, it is above it never the less and still in target of bullish flag completion.
Only appx $50 USD off the record.
(Oh, but I forgot we had a major "reversal"
)
Some idiots don't realize the difference between correction ie: Gold dropping 100 USD from a record high, or the AUD/USD for instance dropping 5 to 600 pips and REMAINING BULLISH.
Edit : Chart = HOUR 4 / 240 minute. Both entries long.
Price is in small range above resistance line at 1524 area.
I wouldn't call it exactly violated yet,
YET, it is above it never the less and still in target of bullish flag completion.
Only appx $50 USD off the record.
(Oh, but I forgot we had a major "reversal"
)Some idiots don't realize the difference between correction ie: Gold dropping 100 USD from a record high, or the AUD/USD for instance dropping 5 to 600 pips and REMAINING BULLISH.
Edit : Chart = HOUR 4 / 240 minute. Both entries long.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #6,757
- Edited 6:59am May 25, 2011 6:42am | Edited 6:59am
and its holding firm too pip, good work.
What you see her doing though, I gotta hit the hay before NY open
.
I added @36.75 and have add order @1529 (hope this is decent trading). Love the bullish tone in this thread, even as justified as it is. GL, take us strong thru NY.
What you see her doing though, I gotta hit the hay before NY open
.I added @36.75 and have add order @1529 (hope this is decent trading). Love the bullish tone in this thread, even as justified as it is. GL, take us strong thru NY.
- #6,758
- May 25, 2011 6:43am May 25, 2011 6:43am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #6,759
- May 25, 2011 6:57am May 25, 2011 6:57am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
May depend on Core durable goods / durable goods and crude inventories a bit.
Cable just boosted 100 pips with some poor data and one great no. sooooo....
I'd keep an eye on the majors and the overall risk seeking of the day. Hard to do whilst asleep, yet. With a Bullish break double confirmed with a bullish flag on the MAY symmetrical triangle silver should follow the leader.
Cable just boosted 100 pips with some poor data and one great no. sooooo....
I'd keep an eye on the majors and the overall risk seeking of the day. Hard to do whilst asleep, yet. With a Bullish break double confirmed with a bullish flag on the MAY symmetrical triangle silver should follow the leader.
and its holding firm too pip, good work.
What you see her doing though, I gotta hit the hay before NY open
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #6,760
- May 25, 2011 7:00am May 25, 2011 7:00am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News