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

  • #7,061
  • Jun 8, 2011 12:47pm Jun 8, 2011 12:47pm
i am not shorting at this time because my 75 percent target of this week has been completed and i am a day trader or some time position trading.so i will do trade by tommorow.dont do over trade because one bad trade can eat you all good profitable trades profit.so now the time to sleep bye bye happy trading to all people
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  • #7,062
  • Jun 8, 2011 3:52pm Jun 8, 2011 3:52pm
cup and handle formation on gold 1hr/4hr?
  • #7,063
  • Jun 8, 2011 4:12pm Jun 8, 2011 4:12pm
Quoting Mitchoss
cup and handle formation on gold 1hr/4hr?

uggghhh......very unreliable imho - too open to misinterpretation......always looks right in retrospect in the same way as elliot wave.....but that's just me.

my advice is to stick to identifiable levels of support and resistance - check out the 240min gc posted earlier

beeb
  • #7,064
  • Jun 8, 2011 4:51pm Jun 8, 2011 4:51pm
Out most of the day....
Gold just hanging on to that LTL.

Possible of a dip - is real.

I see my buy limit was not hit either..... Top entry

Let's see if asia gives a boost.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,065
  • Jun 8, 2011 7:24pm Jun 8, 2011 7:24pm
All Else Aside: {other opiinions which May be Perfect.}

If Daily Gold Closes at or above 1,540 WITHIN THE NEXT 24Hrs...
Then look to 1,48 as the next Bus Stop on Route to All Time Highs.

This move is FAR from over..

B
  • #7,066
  • Jun 8, 2011 7:33pm Jun 8, 2011 7:33pm
1000% agreed.

It "may" take another session or to though IMO Be'

We held the line and the current H4 bar is green. So let's see what The Ausasians say.

Quoting Bemac
All Else Aside: {other opiinions which May be Perfect.}

If Daily Gold Closes at or above 1,540 WITHIN THE NEXT 24Hrs...
Then look to 1,48 as the next Bus Stop on Route to All Time Highs.

This move is FAR from over..

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,067
  • Jun 8, 2011 7:35pm Jun 8, 2011 7:35pm
I'd like to see us above 1543 by midnight or sooner....................
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,068
  • Jun 8, 2011 8:09pm Jun 8, 2011 8:09pm
Morning all,

Have some reading for you guys you might be interested in. I couldn't possibly imagine gold at 5000.. that would be insane proffits for anyone holding physical or being in on the ride.

A new world would be born, a world where gold is king, the US have none. interesting.

On the plus side, the inflation caused by it could potentially help some people, inflated dollar vs very low interest rates on existing loans may aid everyone to pay off there debts easier... provided any workplaces still exist.

Mitch

http://www.martinarmstrong.org/files...05-10-2011.pdf

http://www.martinarmstrong.org/files...03-01-2011.pdf
  • #7,069
  • Jun 8, 2011 8:48pm Jun 8, 2011 8:48pm
anyone else feel like the short term, gold is bearish/correcting?

1530 is looking obtainable.. alot of wicks and failed attempts are getting above 1540 in the past few hours
  • #7,070
  • Jun 8, 2011 9:19pm Jun 8, 2011 9:19pm
Quoting Mitchoss
anyone else feel like the short term, gold is bearish/correcting?

1530 is looking obtainable.. alot of wicks and failed attempts are getting above 1540 in the past few hours
Without explanation; Details avail for the asking.

Gold can Stay in Bullish Terms if 1,520 Holds.
Otherwise a Challenge of 1,500 is in the offing.

More to Follow.

B
  • #7,071
  • Jun 8, 2011 9:39pm Jun 8, 2011 9:39pm
Quoting Bemac
Without explanation; Details avail for the asking.

Gold can Stay in Bullish Terms if 1,520 Holds.
Otherwise a Challenge of 1,500 is in the offing.

More to Follow.

B
Agree with Bemac. Gold has support at 1520 and 1500.
  • #7,072
  • Jun 9, 2011 2:37am Jun 9, 2011 2:37am
Quoting rattyo
1533 now seems everything is a little negative maybe now the americans traders are turning up we will see some upward movement.
Honestly, I can not understant the Gold behavior what brings it up , I do not know, and what brings it down, also, don't know!! is there any ideas
  • #7,073
  • Jun 9, 2011 2:54am Jun 9, 2011 2:54am
Quoting Bemac
All Else Aside: {other opiinions which May be Perfect.}

If Daily Gold Closes at or above 1,540 WITHIN THE NEXT 24Hrs...
Then look to 1,48 as the next Bus Stop on Route to All Time Highs.

This move is FAR from over..

B
Hi Bemac - always interested in your posts....
"1,48" is I assume a 1.48 projection of something...could you expand?

thanks

beeb
  • #7,074
  • Jun 9, 2011 4:25am Jun 9, 2011 4:25am
i found price weakness now i m going long at 1535.80
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  • #7,075
  • Jun 9, 2011 6:38am Jun 9, 2011 6:38am
Quoting beeb
Hi Bemac - always interested in your posts....
"1,48" is I assume a 1.48 projection of something...could you expand?

thanks

beeb
Hey Beeb,

Attached Image (click to enlarge)
Click to Enlarge Name: 1,600 dollar gold daily jun 9.gif Size: 40 KB


B
  • #7,076
  • Jun 9, 2011 6:44am Jun 9, 2011 6:44am
Quoting Bemac
Hey Beeb,

Attachment

B

got it thanks

beeb
  • #7,077
  • Jun 9, 2011 8:01am Jun 9, 2011 8:01am
seeing next supp at 50%Fib at 1519.2 which is just below last swing low o f 1519.35 (02JUN11) and also below the 18DMA.
I have no enemy; I make Incautiousness my Enemy.
  • #7,078
  • Jun 9, 2011 8:06am Jun 9, 2011 8:06am
Quoting jimobiwan
seeing next supp at 50%Fib at 1519.2 which is just below last swing low o f 1519.35 (02JUN11) and also below the 18DMA.

depends on what timeframe - refer you to post #7181 where 240min support for GC coming in around 1526

beeb
  • #7,079
  • Jun 9, 2011 8:13am Jun 9, 2011 8:13am
Quoting beeb
depends on what timeframe - refer you to post #7181 where 240min support for GC coming in around 1526

beeb
Thanks for that.

My post is based on Daily. The 50% is based on H:1575.3/L:1467.7.

Is that the correct way to draw a Fib retrace scale? My H, L is based on all time H and the huge break low of 05MAY11.
I have no enemy; I make Incautiousness my Enemy.
  • #7,080
  • Jun 9, 2011 8:16am Jun 9, 2011 8:16am
Quoting jimobiwan
Thanks for that.

My post is based on Daily. The 50% is based on H:1575.3/L:1467.7.

Is that the correct way to draw a Fib retrace scale? My H, L is based on all time H and the huge break low of 05MAY11.
am seeeing daily support at 1526 as well....below that 1500. currently trying to breach 240min resistance....

beeb
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