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

  • #7,741
  • Jul 6, 2011 9:35am Jul 6, 2011 9:35am
http://kingworldnews.com/kingworldne...er_Shorts.html
  • #7,742
  • Jul 6, 2011 10:01am Jul 6, 2011 10:01am
Stocks open mixed.

Silver adding a few bucks in the prior sessions - coming up on second attempt at 36!

CU WTI and brent slightly down last time I checked.

PGMs
mixed
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,743
  • Jul 6, 2011 10:02am Jul 6, 2011 10:02am
Look at H4

200 sma like a horizontal line. AND that is exactly where we are right now.

price appx 1530. impressive day.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,744
  • Jul 6, 2011 10:04am Jul 6, 2011 10:04am
there is talk of raising the US debt ceiling, in the US.

If it begins to default and the ceiling is not raised look out Beloooooowwwww.

Also - I heard Portugal was downgraded to junk status today.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,745
  • Jul 6, 2011 10:13am Jul 6, 2011 10:13am
Quoting XTrade
Look at H4

200 sma like a horizontal line. AND that is exactly where we are right now.

price appx 1530. impressive day.
so what is the move for gold
reach 1548
or down again to 1511

can you advise me ?

thx
  • #7,746
  • Jul 6, 2011 10:37am Jul 6, 2011 10:37am
target of inverted H&S is 1572. This time it will breach resistance in the 1550's. As I said a while ago, just go long and collect some, after a while (of course if funds permit )
last week's low was the last one for this year... going to 1800 for autumn, and beyond...
  • #7,747
  • Jul 6, 2011 10:57am Jul 6, 2011 10:57am
Quoting XTrade
there is talk of raising the US debt ceiling, in the US.

If it begins to default and the ceiling is not raised look out Beloooooowwwww.

Also - I heard Portugal was downgraded to junk status today.
I'm looking to go long EUR soon if it doesn't breach 42s or low 43s tonight. Gold's bull was a little lagging behind EUR's bull in the past 2 days.
trading is my zen
  • #7,748
  • Jul 6, 2011 11:11am Jul 6, 2011 11:11am
Quoting vioilaunch
target of inverted H&S is 1572. This time it will breach resistance in the 1550's. As I said a while ago, just go long and collect some, after a while (of course if funds permit )
last week's low was the last one for this year... going to 1800 for autumn, and beyond...
can it down to 1520 before up to 1570
  • #7,749
  • Jul 6, 2011 11:50am Jul 6, 2011 11:50am
Quoting ahmed0l0gy
can it down to 1520 before up to 1570
if it needs to go down, it won't be 1520, sweety. it will go down to its pivotal point at 1500s first, and then down to 1480-90. IF YOU BUY - you need to have enuf money to hold if it goes down to 1483 (very important support)

HOWEVER - if it keeps shooting up tonight, or closes at 1528 or above (important point today!) it should resume the uptrend beautifully.

Ones should watch for 1570 and not to be too greedy. you don't want to sit behind the huge fart.

FML. I really wanna see someone <3 at the moment, but instead I'm charting like insane!
Attached Image (click to enlarge)
Click to Enlarge Name: xau fart.jpg Size: 82 KB
trading is my zen
  • #7,750
  • Jul 6, 2011 12:20pm Jul 6, 2011 12:20pm
Quoting ShirleyLo
if it needs to go down, it won't be 1520, sweety. it will go down to its pivotal point at 1500s first, and then down to 1480-90. IF YOU BUY - you need to have enuf money to hold if it goes down to 1483 (very important support)

HOWEVER - if it keeps shooting up tonight, or closes at 1528 or above (important point today!) it should resume the uptrend beautifully.

Ones should watch for 1570 and not to be too greedy. you don't want to sit behind the huge fart.

FML. I really wanna see someone <3 at the moment, but instead I'm charting like insane!...
Dear Shirleylo,

Please tell me any good position that i can hold for long.
I will be great thankful to you. waiting your kind response..
  • #7,751
  • Jul 6, 2011 12:57pm Jul 6, 2011 12:57pm
YES, GOLD going up as expected..

That's why I could not understand last week why some people were saying that gold was going directly to 1400... just because gold went a little below 1500...

I suggest people try to back-up what they say with fundamentals or technicals.

Anyway, next time gold goes back down to 1500, lots of people will start saying again that it will go to 1400.. I suggest then, to back-up what you say, otherwise you make it look like a casino.
The Black Swan: The Impact of the Highly Improbable
  • #7,752
  • Jul 6, 2011 1:11pm Jul 6, 2011 1:11pm
Quoting ShirleyLo
if it needs to go down, it won't be 1520, sweety. it will go down to its pivotal point at 1500s first, and then down to 1480-90. IF YOU BUY - you need to have enuf money to hold if it goes down to 1483 (very important support)

HOWEVER - if it keeps shooting up tonight, or closes at 1528 or above (important point today!) it should resume the uptrend beautifully.

Ones should watch for 1570 and not to be too greedy. you don't want to sit behind the huge fart.

FML. I really wanna see someone <3 at the moment, but instead I'm charting like insane!...
Dera ShirleyLo ,
nop
i'm selling it from 1512 so i ish it down again to 1500
if done i will buy again

also i can't exit noe cause it's a big lot

so it can back again to 1500 or it will up to 1550 and high
  • #7,753
  • Jul 6, 2011 1:51pm Jul 6, 2011 1:51pm
Holding patiently and waiting for the 1577 to close first positions...



Quoting Yousafpk
Dear Shirleylo,

Please tell me any good position that i can hold for long.
I will be great thankful to you. waiting your kind response..
Mate, if you are trading and asking for this kind of "help" at least i hope u do it on the demo account.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 328 KB
  • #7,754
  • Jul 6, 2011 2:46pm Jul 6, 2011 2:46pm
spewing, my buy limit at 1508 missed out by $2.
  • #7,755
  • Jul 6, 2011 3:44pm Jul 6, 2011 3:44pm
xtrade/beeb

you guys got a fork for silver? seemed to have small gains last night compared to gold.

due for a flight?

Mitch
  • #7,756
  • Jul 6, 2011 8:30pm Jul 6, 2011 8:30pm
Quoting Yousafpk
Dear Shirleylo,

Please tell me any good position that i can hold for long.
I will be great thankful to you. waiting your kind response..
any long position at the moment is good for gold. Gold is still a long term bullish.

The question is if it ever goes down to 1480 (my S3), could u avoid ur margin call?

If you can, wait until London opens, if it makes a sharp down correction, maybe a good time to buy during NY.
trading is my zen
  • #7,757
  • Jul 6, 2011 8:44pm Jul 6, 2011 8:44pm
Today is going to be a very volatile day in FX and bonds, and with algorithmic players correlating the market to a 't', I would be very careful about selecting any trades into the rest of the week, especially long ones as most of the risk is to the downside in FX.

If you're not using a stop....

Regards,
xXTrizzleXx
  • #7,758
  • Jul 6, 2011 8:52pm Jul 6, 2011 8:52pm
Quoting ahmed0l0gy
Dera ShirleyLo ,
nop
i'm selling it from 1512 so i ish it down again to 1500
if done i will buy again

also i can't exit noe cause it's a big lot

so it can back again to 1500 or it will up to 1550 and high
beware of little farts... study the historical movements of gold. USUALLY -(unless nothing funny happens on the news) there should be small down correction before it resumes the uptrend (10-20 usd?).

UNLESS - look at my chart for the HUGE FARTS.....if you can handle those (no margin calls) then help urself BUY.

If it goes up to 1537 I assume the downtrend is done and it can shoot up to 1574. play with smaller lots, stop loss a few if it hits certain points...that's just my small advice...
Attached Image (click to enlarge)
Click to Enlarge Name: the little fart.jpg Size: 102 KB
trading is my zen
  • #7,759
  • Jul 6, 2011 9:00pm Jul 6, 2011 9:00pm
Quoting xXTrizzleXx
Today is going to be a very volatile day in FX and bonds, and with algorithmic players correlating the market to a 't', I would be very careful about selecting any trades into the rest of the week, especially long ones as most of the risk is to the downside in FX.

If you're not using a stop....

Regards,
xXTrizzleXx
Yes, a reminder for us all ! I hold no position at the moment , I think there is a chance for sharp downtrend still , i'm keeping an eye on 1480 and 1537

fundamentals are ugly, ugly.
trading is my zen
  • #7,760
  • Edited 11:50pm Jul 6, 2011 11:08pm | Edited 11:50pm
Quoting beeb
http://kingworldnews.com/kingworldne...er_Shorts.html
talk to me.
I hear ya.
In from last years trend guide, of coarse a small partial reward when target was hit both last year and this.
stacked @ $34 in recent move down to test yearly breakout @ 34.60 area.
looking to triple order if we go to $30.
although the way everybody talks they say we probably wont make it to 30.
I say know the playing field and never under estimate the owner of the market.
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