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

  • #8,081
  • Jul 17, 2011 10:27am Jul 17, 2011 10:27am
Quoting ShirleyLo
The US will do everything they can to revive its economy - I mean, if the mega giant superpower can't pay its bill, it'll make the whole world looks bad.

The gold drop will most likely be temporary if they raise the debt ceiling. Even if the US gets some money in (probably from bonds selling, spending cuts), they still need to work out who gets the money and who doesn't, regular unemployed dudes won't just get jobs in a snap etc. Most likely that money goes to pay off some debt to China, wall street bond holders and investors....
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okkk

btw when the save-haven stop?
and Gold have no reason to drop last day,
do you think will raise again at sunday or drop at monday???

plz share thanks
langsung WA aja bro update
  • #8,082
  • Jul 17, 2011 11:26am Jul 17, 2011 11:26am
I simply am bearish on gold based upon the baseline rate change of amongst all other commodities and gold hasn't just had a long session in USD but it's had a long session, in all currencies and in all economys.

240 min chart, in which countries (Importer or Exporter of Gold) currency?

Quoting beeb
OK but are you talking in terms of 240mins, days or weeks?

I agree that gold is looking overstretched on some indicators on 240min charts and possibly dailies and can anticipate some type of pullback to allow the indicators to refresh. However, overbought conditions can stay so for a considerable time and this does not mean (given fundamentals) that it can't continue straight up - however I have tightened up my stops.

But are you talking about a pullback to mid 1500's, mid 1400's or lower? Unless you give an idea of the framework you are...
  • #8,083
  • Edited Jul 18, 2011 12:48am Jul 17, 2011 12:05pm | Edited Jul 18, 2011 12:48am
Quoting KennyZ
some slv supply & demand zones - h4

i mainly scalp on m5
Is their a simple and direct book that helps one to understand supply and demand that I could read ?
Your supply and demand areas line up with what im looking at, Id just like to understand the method of how you get there as it appears simple.
My goal is to have another way to verify on my own what Im seeing.
I can look at fibs, forks, waves etc. of charts posted and understand to a degree but to correctly use, apply, and to understand them along with where we are in the trends whithin them would take to long to develope as I have yet to accomplish.
thanks
although its not a given to continue up as its common to extend out to quarterly highs and rotate back.
bias is with the trend, up from yearly break at 1551 area.
Mondays trend guide up from 1575
daily
1609-13
1575
1548

mon.daily
40.05-30
37.30-75
35.49
  • #8,084
  • Jul 17, 2011 12:27pm Jul 17, 2011 12:27pm
Quoting XTrade
Gold Buys simple dipping method using simple SR and a naked (or nude xxx )
chartski
hey, your speaking a language us simpletons understand and we say thanks.
  • #8,085
  • Jul 17, 2011 5:07pm Jul 17, 2011 5:07pm
Gold and silver exploding out the gate :o!!!
  • #8,086
  • Jul 17, 2011 5:45pm Jul 17, 2011 5:45pm
Quoting lilpip
Is their a simple and direct book that helps one to understand supply and demand that I could read ?
Your supply and demand areas line up with what im looking at, Id just like to understand the method of how you get there as it appears simple.
My goal is to have another way to verify on my own what Im seeing.
I can look at fibs, forks, waves etc. of charts posted and understand to a degree but to correctly use, apply, and to understand them along with where we are in the trends whithin them would take to long to develope as I have yet to accomplish....
--------------------------
master do you think gold will be drop at monday ? plz share

thanks
langsung WA aja bro update
  • #8,087
  • Jul 17, 2011 8:15pm Jul 17, 2011 8:15pm
Does the gap will help to forecast the movement?
  • #8,088
  • Jul 17, 2011 8:56pm Jul 17, 2011 8:56pm
Quoting donny 1986
-----------------------------------------------------------------------------
okkk

btw when the save-haven stop?
and Gold have no reason to drop last day,
do you think will raise again at sunday or drop at monday???

plz share thanks
no market on sunday, and can't really predict the future, no...

From technical point of view it should be a rebound down soon (it should have happened already actually), very simple actually.

safe-haven buying won't stop just yet, at this point maybe doing a huge lots of long is not so wise, while going short without tight stops is very bad too.

I remain neutral, really. Enjoy scalping while it lasts..
trading is my zen
  • #8,089
  • Edited 1:03am Jul 18, 2011 12:42am | Edited 1:03am
Quoting donny 1986
--------------------------
master do you think gold will be drop at monday ? plz share

thanks
im no master but this is what I see from my angle.
silver hit its projected highs area for the day 40.05-40. so I assume she will rotate south although watch what sis is doing.
as long as gold is above 1594 bias is up until she reaches daily highs 1609-13 , I would have eyes open for a rotation bac.k and then watch how 1594 responds then 1575.
a breakout above and Id have to say shes taking a page out of her sisters book of patterns the last 2 years. Add entire 2010 range to 1551.
  • #8,090
  • Jul 18, 2011 1:53am Jul 18, 2011 1:53am
Quoting lilpip
im no master but this is what I see from my angle.
silver hit its projected highs area for the day 40.05-40. so I assume she will rotate south although watch what sis is doing.
as long as gold is above 1594 bias is up until she reaches daily highs 1609-13 , I would have eyes open for a rotation bac.k and then watch how 1594 responds then 1575.
a breakout above and Id have to say shes taking a page out of her sisters book of patterns the last 2 years. Add entire 2010 range to 1551.
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thank you MR.
i assume too, gold will be stay area1594-99 until 6 pm, and then will break 160x and then correction again back to area 159x because no data at sunday. today 1.48 PM high is 1599 low 1593.50>sooo 5 hour from now will be touch 1600.
if rotation back gold must stay under 1580 respon S1.

we just stay watching news and see update cnbc.

could you have new info for gold and EUROPE for today :???

thanks rf-13
langsung WA aja bro update
  • #8,091
  • Jul 18, 2011 2:03am Jul 18, 2011 2:03am
Quoting ShirleyLo
no market on sunday, and can't really predict the future, no...

From technical point of view it should be a rebound down soon (it should have happened already actually), very simple actually.

safe-haven buying won't stop just yet, at this point maybe doing a huge lots of long is not so wise, while going short without tight stops is very bad too.

I remain neutral, really. Enjoy scalping while it lasts..
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i hope gold quick drop again sharply the area rotation is 1580,1567,1555,1530,1508,1490,1478,1457,1444 max.

so today i'm just watching DD
:nerd:do you think gold will be drop on 18 july or this week maybe? hehe
langsung WA aja bro update
  • #8,092
  • Jul 18, 2011 2:16am Jul 18, 2011 2:16am
exact 1600 its hit and now 1594.20 wooww what a make sense
Trading by EA
  • #8,093
  • Jul 18, 2011 2:23am Jul 18, 2011 2:23am
1600 and then small correction to 1595-1596 flat.. only sunday
what do you think ????

share plz
langsung WA aja bro update
  • #8,094
  • Jul 18, 2011 2:25am Jul 18, 2011 2:25am
Quoting mmudasir
exact 1600 its hit and now 1594.20 wooww what a make sense
----------------------
flat area 1594-1595 just watch and be patient he
welcome for gold in the era 1600 hehehe
langsung WA aja bro update
  • #8,095
  • Jul 18, 2011 2:29am Jul 18, 2011 2:29am
Quoting ShirleyLo
no market on sunday, and can't really predict the future, no...

From technical point of view it should be a rebound down soon (it should have happened already actually), very simple actually.

safe-haven buying won't stop just yet, at this point maybe doing a huge lots of long is not so wise, while going short without tight stops is very bad too.

I remain neutral, really. Enjoy scalping while it lasts..
Hi Shirley:

Agreed. Helpful as usual
  • #8,096
  • Jul 18, 2011 2:40am Jul 18, 2011 2:40am
Just to recap my 240min GC chart drawn in late March:

After the almost perfect catch of the gold swoon in early July, price has powered up through the fork to touch the WL just under 1600.

It does look overbought on many indicators from 240min down and with opex approaching there are reasons to see a pullback. However indicators can stay overbought and markets are stressed so one could see price continue North. If price gets through the WL and then finds support above it the rally could continue. Either way I feel it pays to be cautious at the moment.....

http://www.screencast.com/t/Fzbj6UKg58MX

beeb
  • #8,097
  • Edited 2:58am Jul 18, 2011 2:52am | Edited 2:58am
The July 14 top has been broken (not decisively yet) and moves my focus to July 20-21 where the secondary top is supposed to be. As long as 1570 holds Gold is not BEARISH. Closed half my shorts at some loss.

Do You have any expectations at what price POG this new (second) top would be?

resistance at 1600 - 1608 -1620.





2:57 PM
INA RF-13
langsung WA aja bro update
  • #8,098
  • Jul 18, 2011 3:03am Jul 18, 2011 3:03am
Quoting beeb
Just to recap my 240min GC chart drawn in late March:

After the almost perfect catch of the gold swoon in early July, price has powered up through the fork to touch the WL just under 1600.

It does look overbought on many indicators from 240min down and with opex approaching there are reasons to see a pullback. However indicators can stay overbought and markets are stressed so one could see price continue North. If price gets through the WL and then finds support above it the rally could continue. Either way I feel it pays to be cautious at...
thanks beeb. looking like the May North movement on your chart.
trading is my zen
  • #8,099
  • Jul 18, 2011 3:27am Jul 18, 2011 3:27am
Quoting donny 1986
The July 14 top has been broken (not decisively yet) and moves my focus to July 20-21 where the secondary top is supposed to be. As long as 1570 holds Gold is not BEARISH. Closed half my shorts at some loss.

Do You have any expectations at what price POG this new (second) top would be?

resistance at 1600 - 1608 -1620.





2:57 PM
INA RF-13
there is plenty of information in the thread

i respectfully suggest that instead of continuously firing off posts you spend some time reading it

beeb
  • #8,100
  • Jul 18, 2011 3:51am Jul 18, 2011 3:51am
Quoting beeb
there is plenty of information in the thread

i respectfully suggest that instead of continuously firing off posts you spend some time reading it

beeb
-----------------------------------------------------
thank you beeb
trading is fun..
share is fun..
i need more information
langsung WA aja bro update
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