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

  • #8,241
  • Jul 21, 2011 9:56am Jul 21, 2011 9:56am
In my opinion its too dangerous to open a long position at these highly over bought levels i m sure it will make a big dip soon but just dont know when my targets for the day are i am shorting @1608 or if it breaks 1590
MMMYYYKKK
  • #8,242
  • Edited 10:42am Jul 21, 2011 10:05am | Edited 10:42am
Quoting Albedo
I have assured a good gift for my son with selling gold in day trading, but do not intend to open buying positions unless a correction to at least 1550 to happen, or this band (1615-1590) is maintained over the next week.
agree.

after the current price action i think MM might be right too in his analysis

@ donny
price action is mostly below 1600 lots of long bearish bars followed by a series of small bulish bars. highs are lower with the bull runs (30min chart)
  • #8,243
  • Jul 21, 2011 10:44am Jul 21, 2011 10:44am
support and resistance level see where price will be break
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  • #8,244
  • Jul 21, 2011 11:05am Jul 21, 2011 11:05am
Obviously you have learned NOTHING on your break and have just come back here to try and disrupt the peace.

If you actually took the time to read and learn something maybe you would have something insightful to say and understand where the real money is made in this game.

Guess not.

Nothing is "forbidden" we are here for the greater good of spreading information and making money.

Wasting my breath again...

Quoting Fmfx
According to my friend's 3 year old, gold will only go up. infinitely.

If you see even a very minor price correction (like $100), the problem is in your charting software. No doubt.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,245
  • Jul 21, 2011 11:07am Jul 21, 2011 11:07am
Much more clear. Doubtful it will turn into HS. In the event though you might catch yourself a $30 usd short on breaking of the NECK.

Good Job on the charts!



Quoting mmudasir
see is this make sense to you
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,246
  • Jul 21, 2011 11:10am Jul 21, 2011 11:10am
Gold not doing much besides bobbing ATM.

The Euro has take center stage with a + 200 pip Burst.

Still long AUD and KIWI.

AUD has broken the month long resistance! (next target re test 1.10)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,247
  • Jul 21, 2011 11:38am Jul 21, 2011 11:38am
Donny, apparently between 1605 and 1590 ... But it is impossible to say what gold will do, that's just the trend, my dear and beautiful model.

Shirley, the next time you travel, come walk in the Rio de Janeiro, instead of going to a site with nuclear contamination. In time, My wife searched "Kelly Bag" in google ... Now I have to give you one.
  • #8,248
  • Jul 21, 2011 11:49am Jul 21, 2011 11:49am
Quoting XTrade
Obviously you have learned NOTHING on your break and have just come back here to try and disrupt the peace.

If you actually took the time to read and learn something maybe you would have something insightful to say and understand where the real money is made in this game.

Guess not.

Nothing is "forbidden" we are here for the greater good of spreading information and making money.

Wasting my breath again...
Calm down, Mr X. You know this thread has generated us all profits, isn't that all we need to know

PS: he/she's probably a surgeon with 5 PhDs you know, trading for fun (or to piss you off? Hehehe. peace bro!)

Meanwhile EUR's fundamental was GREAT. I just opened my MT4 and saw 1.44. A lot of the times gold is lagging behind the rise of Euro (yes, many reasons for it I'm sure y'all experienced traders are aware of the two's romantic mingling), I won't be surprised for a new gold high tomorrow.

In the case of EUR's return as a safe haven, however, I can expect decline in gold. This is the 2nd time in this month that looking at my chart without the fundamentals is wasteful.

@Albedo: I'm aiming for Croc Birkin now. Mind you, 5 years of waiting list! I just hope I will earn the money to buy that before 5 years though! And I'm off to NYC first before other plans!
trading is my zen
  • #8,249
  • Jul 21, 2011 12:14pm Jul 21, 2011 12:14pm
I just spoke in 1605-1590 and gold goes down to 87 ... One surprise after another, but continues its trend of short correction.

Shirley, you're a bad influence for my wife.

The watches are the purses of men. I'm eyeing a Vacheron Constantin a few years ...
  • #8,250
  • Jul 21, 2011 12:40pm Jul 21, 2011 12:40pm
Do not worry, the prices are just numbers, each one interprets it in his way, what matters in the end and if the interpretation makes a profit or loss.

I see almost nobody talking about silver, I really expected her to rise to 42, to travel through the 40, but nothing. I want to buy again in the range of 35 or 36. If it down to 33 would be a great buy. The physical silver in bars or coins this is a great deal.
  • #8,251
  • Jul 21, 2011 1:04pm Jul 21, 2011 1:04pm
gold 1584. i just prediction that...
so if gold stay 1585 untill close . i think friday can up to 1590 and then fall down ..

RANGE 1580-1610
SUPPORT 1570 RESISTANCE 1620

S2 1573 S1 1587.05 PIVOT 1594.60 R1 1608 R2 1616.20

---------------------------------------------------------
GOLD RAISE AGAIN.
IF TODAY GOLD STAY BELOW 1604 IT WILL GO DOWN TO 1580
AND THEN WE JUST WAITING FOE BEARS US DEBT IS HELP FULL FOR BEAR TREND.
and if gold break 1604 i assume will go to 1610.
so today is finally
gold will be up or down side ?
what is your opinion ?
langsung WA aja bro update
  • #8,252
  • Jul 21, 2011 1:11pm Jul 21, 2011 1:11pm
Quoting donny 1986
gold 1584. i just prediction that...
so if gold stay 1585 untill close . i think friday can up to 1590 and then fall down ..

RANGE 1580-1610
SUPPORT 1570 RESISTANCE 1620

S2 1573 S1 1587.05 PIVOT 1594.60 R1 1608 R2 1616.20

---------------------------------------------------------
GOLD RAISE AGAIN.
IF TODAY GOLD STAY BELOW 1604 IT WILL GO DOWN TO 1580
AND THEN WE JUST WAITING FOE BEARS US DEBT IS HELP FULL FOR BEAR TREND.
and if gold break 1604 i assume will go to 1610.
so today is finally
gold will be up or down side ?
what...
see the charts i m looking to see 1558 lower trendline in my charts the next leg can extend these level then we see might be it have further down move or not
did you read my post in your gold thread?
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  • #8,253
  • Jul 21, 2011 1:17pm Jul 21, 2011 1:17pm
Quoting mmudasir
see the charts i m looking to see 1558 lower trendline in my charts the next leg can extend these level then we see might be it have further down move or not
did you read my post in your gold thread?
did u see may chart ??? no 2 is today. 1558 is after fall down today but gold must closed stay below 1580
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langsung WA aja bro update
  • #8,254
  • Jul 21, 2011 1:23pm Jul 21, 2011 1:23pm
To do so it would need to fall another 8 usd without being bought.
unlikely this late in the day.

Anything is possible though, I've seen stranger.

QUOTE=donny 1986;4800179]did u see may chart ??? no 2 is today. 1558 is after fall down today but gold must closed stay below 1580[/quote]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,255
  • Jul 21, 2011 1:25pm Jul 21, 2011 1:25pm
Quoting donny 1986
did u see may chart ??? no 2 is today. 1558 is after fall down today but gold must closed stay below 1580

looks like good but the problem is doonny.confluences can be provide you high level confidence and better trade .tell us more about confluences you are seeing any other chart but i m not recommend to trade base on only with fibo more confluence must be needed to trigger a trade because it not a game one mistake can cost you ?
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  • #8,256
  • Jul 21, 2011 1:26pm Jul 21, 2011 1:26pm
Quoting XTrade
To do so it would need to fall another 8 usd without being bought.
unlikely this late in the day.

Anything is possible though, I've seen stranger.

QUOTE=donny 1986;4800179]did u see may chart ??? no 2 is today. 1558 is after fall down today but gold must closed stay below 1580
[/quote]

yes i'm agree with you
langsung WA aja bro update
  • #8,257
  • Jul 21, 2011 1:27pm Jul 21, 2011 1:27pm
Looks like gold has found a bit of a sideways range
1602
1582

Silver on a dipski.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,258
  • Jul 21, 2011 1:27pm Jul 21, 2011 1:27pm
Quoting XTrade
To do so it would need to fall another 8 usd without being bought.
unlikely this late in the day.

Anything is possible though, I've seen stranger.

QUOTE=donny 1986;4800179]did u see may chart ??? no 2 is today. 1558 is after fall down today but gold must closed stay below 1580
[/quote]

strange to me
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  • #8,259
  • Jul 21, 2011 1:35pm Jul 21, 2011 1:35pm
Today was a kick ass day to trade especially dumping the USD against the majors and minors.

Even with the USD sliding, the Euro rising sharply has kept gold pinned in this area. Wait for pullback and reload.

There were some greeeeaaaat entries early this morning on Fibre and Cable after the dip. Aud broke major resistance. NZD new record.

This "may" may suggest more of an overseas demand due to concerns in the E zone, contagion, etc.
y The USD) Yet, one might think on a day with another horrible Unemployment number out of the US we would have seen a bit more steam.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,260
  • Jul 21, 2011 1:37pm Jul 21, 2011 1:37pm
Is that yu in your avatar?

Quoting donny1986

yes i'm agree with you
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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