XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 411 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #8,201
  • Jul 20, 2011 1:25pm Jul 20, 2011 1:25pm
Cmon China is already dumping the dollar, they just won't say it publicly, they don't want to be the last seller in the market !

The RMB is become more and more tradable worldwide and China is getting rid of their US Dollars.

http://english.ruvr.ru/2011/07/02/52690021.html
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #8,202
  • Jul 20, 2011 3:53pm Jul 20, 2011 3:53pm
Quoting musclemike
1600 becomes ressistance...hopefully...waiting for another 40-50$ dip to add more long...

musclemike - is that a demo account that you keep showing?

beeb
  • #8,203
  • Jul 20, 2011 3:54pm Jul 20, 2011 3:54pm
Quoting ShirleyLo
YES, got my Kelly bag from gold too! YAY!!!

class....

beeb
  • #8,204
  • Jul 20, 2011 4:22pm Jul 20, 2011 4:22pm
Strong day for gold,good solid bounce off the 100 fib ex,
still on a 55 day breakout,these fibs were drawn 23 weeks ago,
next stop 1755,but it couldn't just keep going till we get there
could it?Mind you it's done it before.
Anyone got any views on how the new metals exchange
due to open in Beijing will effect the price of gold and silver,
sorry haven't read the whole thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: p1.gif Size: 15 KB
Click to Enlarge Name: p2.gif Size: 17 KB
You can remain irrational longer than you can remain solvent.
  • #8,205
  • Jul 20, 2011 4:24pm Jul 20, 2011 4:24pm
Quoting jezek5

Anyone got any views on how the new metals exchange
due to open in Beijing will effect the price of gold and silver,
sorry haven't read the whole thread.


http://kingworldnews.com/kingworldne...w_Maguire.html

enjoy

beeb
  • #8,206
  • Jul 20, 2011 4:26pm Jul 20, 2011 4:26pm
Quoting beeb
http://kingworldnews.com/kingworldne...w_Maguire.html

enjoy

beeb
Cheers ,heard that last week,thanks though.
You can remain irrational longer than you can remain solvent.
  • #8,207
  • Jul 20, 2011 4:32pm Jul 20, 2011 4:32pm
I think gold is making (double tops)
so If it tuch the 1610 and then deflate to 1582 double tops is complite and target price will be 1558
2400 points

Any body has an Idea ???
  • #8,208
  • Jul 20, 2011 5:47pm Jul 20, 2011 5:47pm
Been out all day.

Looks like there wasn't any steam for the shorts.
Just as well, I think this move is far from over and would be looking for

1608 topside breach
1615
1625/30 as a zone

1650

1680

1700

-----

2000 within say 6 months give or take.

See when you own physical, you can appreciate GOLD CONSISTENTLY PARING IT'S GAINS. YOUR STACK just gets worth more.

When all you do is trade, and flip biases on a 5 minute chart, well. You should know what I will say by now.

My AUD and NZD longs doing nicely.

What's the crew up to in here?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,209
  • Jul 20, 2011 5:48pm Jul 20, 2011 5:48pm
[left][/LEFTI see we have some new attendees,
guys speak up - we don't bite introduce yourselves...

Welcome.
XT.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,210
  • Jul 20, 2011 6:13pm Jul 20, 2011 6:13pm
Quoting arash_akhare
I think gold is making (double tops)
so If it tuch the 1610 and then deflate to 1582 double tops is complite and target price will be 1558
2400 points

Any body has an Idea ???
@ XT... Hi! my name is Bemac & I Trade...

@ Arash... No but I have a couple of Clues.
Understand that I can envision Gold Trading Both ways.
South to below 1,500 or North to the Ozone.

This looks Strong to me. Mad Bulls. but being fed by Global Economics.
Attached Image (click to enlarge)
Click to Enlarge Name: july 20 daily poss significaznt rise.gif Size: 50 KB


For a week now, Gold has been in my North Delta. That means something to me. Especially since it has resisted the East Delta after Climbing from the South all the way through the East to arrive at the North.

1,624 & 1,660? I think there is a possibilty East India can get it there but I won't risk a burnt nickle right now.
I'll wait for her to lift her kilt.

B
  • #8,211
  • Jul 20, 2011 6:48pm Jul 20, 2011 6:48pm
Quoting Bemac
@ XT... Hi! my name is Bemac & I Trade...
Hello there fine Sir!

Quoting Bemac
@ Arash... No but I have a couple of Clues.
Understand that I can envision Gold Trading Both ways.
South to below 1,500 or North to the Ozone.
AGREED. Even a test of 1500 is a NICE PARE of GAINS for the Yellow metal this year!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,212
  • Jul 20, 2011 6:50pm Jul 20, 2011 6:50pm
I scared them all away! lol -
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,213
  • Edited 11:26pm Jul 20, 2011 10:56pm | Edited 11:26pm
I was looking at a 3 day chart from ktco before on the phone.

I noticed that gold was ranging ^ and V (couple a dollars here a few there - bias for 2 days)

On the third day, the NY spot session closed around 160X.
Then a few minutes after, after hours GLOBEX trading opened the price just fell out of range creating the dip. Must have been pending sells in anticipation of correction or simple profit taking.

Anyway, price poised to break 1608. Apparently no legs on it.

If you have a good position never let a 10 or 20 usd dip shake you out.

Fear selling is som3thing else all together to watch out for.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,214
  • Jul 21, 2011 12:30am Jul 21, 2011 12:30am
Quoting XTrade
[left][/LEFTI see we have some new attendees,
guys speak up - we don't bite introduce yourselves...

Welcome.
XT.
I'll take this hook. I've been trading/investing in silver on Oanda for the past 2.5 years before they kicked us out. I absolutely made a killing. Take home was 2300% of my original deposit. Swing trading into long term positions. It was pretty much buy and hold and buy some more. Not a short once. I still think it's the investment opportunity of a lifetime.

I stumbled into this thread trying to find an alternative way to trade. Now I got stuck here on loads of good reading. You guys have got me ready to try some gold too.
Wheels
  • #8,215
  • Jul 21, 2011 12:47am Jul 21, 2011 12:47am
Price make bounce off at at around 1580.
Too many support line below.
Hope the price can stand the red trendline
and jerk off.

Fyi...or new comers.
Have a clear direction of which is the long term trend.
You can short...but must pick the right price. You can average your price...but never hold too long. When its time to let go. Cut your loss and let go. I cant imagine many months ago where i pick the 1500 price as the top of turning point. Imagine what would be feeling holding those short and hoping it can go down to 1500 again. It may still go down...but why do that or put yourself in that kind of situation. When will it be?
Likewise if you pick the 1200 or 1300. When will it be...or have it given you the chance.

I see a good bounce off my redline as of now in 5 min.
Attached Image (click to enlarge)
Click to Enlarge Name: xau_usd.JPG Size: 135 KB
  • #8,216
  • Jul 21, 2011 1:51am Jul 21, 2011 1:51am
Quoting XTrade
[left][/LEFTI see we have some new attendees,
guys speak up - we don't bite introduce yourselves...

Welcome.
XT.
Hi XT, you know I don't use nicknames or pet pictures XAU/USD is my most loved pair aside from USD/JPY

I had a look briefly on bloomberg on xau (as soon as I landed at Narita) - no sign of reversal yet. I stood still with my resistance at 1624 from a few days ago. Any drag to 1575 will most likely confirm further downward. Still holding on my buy at 1587....

Have fun on Friday night's gaga, hopefully I don't drink too much radiation tainted water here!
trading is my zen
  • #8,217
  • Jul 21, 2011 2:47am Jul 21, 2011 2:47am
look this charts...bias is still down but any thing can happens i m not suggestion to do this .i only wanna tell all of you this is just my point of view..
and this is one hour head and shoulder anticipated ...with four hour chart rising trendline break
Attached Image (click to enlarge)
Click to Enlarge Name: chart gofld.gif Size: 45 KB
Trading by EA
  • #8,218
  • Jul 21, 2011 3:18am Jul 21, 2011 3:18am
Friday night you are going to see lady gagoo?

Yes , gold is back around the 1600 handle honey sweetheart.


Quoting ShirleyLo
Hi XT, you know I don't use nicknames or pet pictures XAU/USD is my most loved pair aside from USD/JPY

I had a look briefly on bloomberg on xau (as soon as I landed at Narita) - no sign of reversal yet. I stood still with my resistance at 1624 from a few days ago. Any drag to 1575 will most likely confirm further downward. Still holding on my buy at 1587....

Have fun on Friday night's gaga, hopefully I don't drink too much radiation tainted water here!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,219
  • Edited 3:28am Jul 21, 2011 3:24am | Edited 3:28am
MM

I'm sorry but your chart makes no sense to me. (Trendline???)
I don't know where to start. Looking at it, it actually looks like a bullish gartley of some sort at first glance.

Also if that is GLD stock it is not the same as spot Gold.

I certainly do not see any head and shoulders forming on it either.

Quoting mmudasir
look this charts...bias is still down but any thing can happens i m not suggestion to do this .i only wanna tell all of you this is just my point of view..
and this is one hour head and shoulder anticipated ...with four hour chart rising trendline break
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,220
  • Jul 21, 2011 3:34am Jul 21, 2011 3:34am
As of now gold is comfortable around the 1600 level.
If it was not there likely would have been a steeper correction already on profit taking alone.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
83 traders viewing now