XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 344 | Metals Mine

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

  • #6,861
  • May 29, 2011 7:51pm May 29, 2011 7:51pm
Quoting M504
Thx goose beeb and xtrade for the reply's and info. This thread has great content from start to finish, lots of concepts to improve your trading skills for anyone coming up in the trading world in the metals.

Repression of the truth-it is one of the most dangerous things and humans are so good at it.
You have said a mouthful there! Being able to stay objective and honest is a challenge for traders. I think the traders you mentioned above have a handle on every aspect of the game. Lots we can learn for sure. If there is a problem, usually the best place to start looking for the area needing the fix is in the mirror. Easier for some to do at times than others.

All the best to you this week as well,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #6,862
  • May 30, 2011 8:01am May 30, 2011 8:01am
Monthly Candlestick for Gold. It is going to knock the Seller out, And the previous record 1574 USD/Troy ounce.

Still one day to the end of this month and This NFP week could make a painful twist for long position. Happy Trading
Attached Image
  • #6,863
  • May 30, 2011 10:29am May 30, 2011 10:29am
i think we see again 1526 area again (at this time so boring due to holidays liquidity picks up next day)
Trading by EA
  • #6,864
  • May 31, 2011 1:49am May 31, 2011 1:49am
Range appx 5.50

Top 1540 resistance to be broken.
Bottom Appx 1535.xx

Holiday (US) over.

Euro looking up.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,865
  • May 31, 2011 2:36am May 31, 2011 2:36am
my 2 counts.
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  • #6,866
  • May 31, 2011 2:45am May 31, 2011 2:45am
Quoting longshot_nl
my 2 counts.

any clue as to which might be corrrect?

beeb
  • #6,867
  • May 31, 2011 3:02am May 31, 2011 3:02am
Quoting highlander2
Long silver @37.14 after large 1 hr pin bar on the 36.48 level, which was resistance now support. Stoploss 36.10, target 39 ish
Now moved to BE on this trade, Take profits at 38.80 and 39.33. So far so good.

h2
  • #6,868
  • May 31, 2011 5:01pm May 31, 2011 5:01pm
Quoting lilpip
from my angle the pressure is the yearly projected high of 1555 area and breakout of quarterly highs (1480) which again was just retested.
the hold and move up from monthly pivot of 1485 spells bull.
friday she closed like she wants to continue north.
the last time we were at 1555 area was when the threw most everything they had at us .
a friday close with a fake breakout to the north while sending silver south with all the different margin changes.
the retest as we know did not hold as we eventually hit a weekly low at 1469 area with our close...
Thanks Lilpip for that insight.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #6,869
  • May 31, 2011 5:39pm May 31, 2011 5:39pm
Out of power half the day.....

I know we are at the bottom of range. Crude Up. Aud looks like it is ready for comeback.

1535 focus. 1540 necessary to break and sustain.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,870
  • Jun 1, 2011 1:26am Jun 1, 2011 1:26am
I am still probull for gold but do i sense a potential downtrend for some few days?
Less is more...
  • #6,871
  • Jun 1, 2011 2:10am Jun 1, 2011 2:10am
Position squaring for EOM plus NFP on Friday may have something to do with it.....

beeb
  • #6,872
  • Jun 1, 2011 9:50am Jun 1, 2011 9:50am
A Breakout has just happened, 1545,1575, and perhaps 1600 is on its way

Let see how this NFP-week ends...
  • #6,873
  • Jun 1, 2011 9:53am Jun 1, 2011 9:53am
Quoting Jamie2011
A Breakout has just happened, 1545,1575, and perhaps 1600 is on its way

Let see how this NFP-week ends...

imo 1545.5 GC needs to breach and be maintained - from my chart on prev pages - closeup

http://www.screencast.com/t/CM2t4yjPqVo


beeb
  • #6,874
  • Jun 1, 2011 10:08am Jun 1, 2011 10:08am
Looks like a little expansion of range to 1530 as well as the poor US numbers have given us the Juice to crack 1540 resistance.

Spot Gold currently 1543.38 appx.

Now we need to flip this no. 1540 to support and make a run on the record.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,875
  • Jun 1, 2011 10:10am Jun 1, 2011 10:10am
Not much on the way up of true technical resistance. But keep an eye on the
"RNs" 1550 and 1560
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,876
  • Jun 1, 2011 10:22am Jun 1, 2011 10:22am
Great insight on Gold here on this thread. Good trading to all.
  • #6,877
  • Jun 1, 2011 10:33am Jun 1, 2011 10:33am
No signs of resistance at 1550...
what is yours TPs ???

My is 42 for Ag.
  • #6,878
  • Jun 1, 2011 11:11am Jun 1, 2011 11:11am
Quoting fawaol
No signs of resistance at 1550...



beeb
  • #6,879
  • Jun 1, 2011 11:17am Jun 1, 2011 11:17am
First tap on 1550 and price moved lower 4 USD.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,880
  • Jun 1, 2011 11:30am Jun 1, 2011 11:30am
Quoting Leche Mocha
Great insight on Gold here on this thread. Good trading to all.
finally you reached here...!
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