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

  • #8,341
  • Jul 24, 2011 7:31pm Jul 24, 2011 7:31pm
Yes market is acting a bit fishy off the start.....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,342
  • Jul 24, 2011 7:43pm Jul 24, 2011 7:43pm
when america’s debt ceiling reports will publish ?
  • #8,343
  • Jul 24, 2011 7:47pm Jul 24, 2011 7:47pm
Quoting Raghu_C
when america’s debt ceiling reports will publish ?
Who Cares? It will be a Temporary Untruth.

B

Forked.
Ni Hao
  • #8,344
  • Jul 24, 2011 8:00pm Jul 24, 2011 8:00pm
My opinion is to book your profit if you are long its gonna get down if they reach the deal n i strongly feel they will today
MMMYYYKKK
  • #8,345
  • Jul 24, 2011 8:21pm Jul 24, 2011 8:21pm
Quoting Bemac
Who Cares? It will be a Temporary Untruth.

B

Forked.
Ni Hao
there was good news for euro zone for Greece debit crisis means euro will up usd will down that will be the reason to gold up so this will be blocked when us debt ceiling not fail.
  • #8,346
  • Jul 24, 2011 8:56pm Jul 24, 2011 8:56pm
Quoting Raghu_C
there was good news for euro zone for Greece debit crisis means euro will up usd will down that will be the reason to gold up so this will be blocked when us debt ceiling not fail.
Well that makes sense. Greece will be forgiven (the money debted.. ) We'll make it.
Europe is gonna be a little tougher. Need more Mirrors & Blinds.
TAINT!
& If it Does...
I'm a Buyer.

B
  • #8,347
  • Jul 24, 2011 11:18pm Jul 24, 2011 11:18pm



Things that make you go... Huh...
If This Holds... Well...
I'll pay more attention to 1,624. & Beyond.

Attached Image (click to enlarge)
Click to Enlarge Name: 1,600 dollar gold weekly 24 july.gif Size: 42 KB


Intended as as an assist


B

  • #8,348
  • Jul 25, 2011 12:02am Jul 25, 2011 12:02am
Euro trades Sharply Higher on Greek Deal – What’s Next?

next is...

$14.3 trillion US borrowing limit now only nine days away.
  • #8,349
  • Jul 25, 2011 4:34am Jul 25, 2011 4:34am
Thanks XTrade,nice breakout,1603 should hold any pullback
to keep this thing going up.
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 16 KB
You can remain irrational longer than you can remain solvent.
  • #8,350
  • Jul 25, 2011 6:20am Jul 25, 2011 6:20am
Looking for a move to 1605-1608 region to go long with SL 1598. Any move below 1598 would remind me of the 2008 march top 1030 ish. Do check out the movement back then. Fundamentals were different but the impact was similar.

We had a bull flag back then and gold was way overbought too. Let's see this time around.
Trends I Love Finding
  • #8,351
  • Jul 25, 2011 7:08am Jul 25, 2011 7:08am
These are the main reason I am bearish on gold and not opening any longs.

These are from 2 brokers . Gold is not able to break this channel . Overall long term trend is bullish but in short term its currently on top of this channel & it usually lose 100 - 150 $ from here so i will wait for 1500 to get in long or short here.

PLUS ALL INDICATORS ARE SURELY OVERBOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: down.jpg Size: 137 KB
Click to Enlarge Name: down down.jpg Size: 174 KB
MMMYYYKKK
  • #8,352
  • Jul 25, 2011 7:22am Jul 25, 2011 7:22am
Post frm someone in another forum (not my idea). Need your thoughts on this guys

Quote
We got the break out earlier today due to no signs of any deal by U.S

One more thing to note here is all the major tops in the EVEN numbers (like 800 - 1000-1200-1400-1600) have been between xx20-xx40 area. Have mentioned this before somewhere in the thread. So if the deal is done then expect Gold to crash through supports and historically any decline from the 20-40 region is about $100 minimum (the immediate target i mean!!).

Let's see this time around. Still hanging on to my short positions.

EDIT: A break below 1598 and also a closing under that would be bearish short term
Trends I Love Finding
  • #8,353
  • Jul 25, 2011 7:34am Jul 25, 2011 7:34am
Quoting Tilf
Post frm someone in another forum (not my idea). Need your thoughts on this guys
I agree u can see my post as well friend .BUt its just my opinion nothing is concrete in these markets but i feel i m very strong on this opinion.
MMMYYYKKK
  • #8,354
  • Jul 25, 2011 7:39am Jul 25, 2011 7:39am
Quoting myk
I agree u can see my post as well friend .BUt its just my opinion nothing is concrete in these markets but i feel i m very strong on this opinion.
I have a similar long term chart as yours. I have attached it here. The only difference is I dont use bar chart candle sticks.

The gap between the 2 red lines has been a selling point and gold comes back to atleast the white line.

Vice versa for the blue lines.

The top red line stands around 1630 to 1635
Attached Image (click to enlarge)
Click to Enlarge Name: LT GOLD.gif Size: 13 KB
Trends I Love Finding
  • #8,355
  • Jul 25, 2011 7:52am Jul 25, 2011 7:52am
Quoting Tilf
I have a similar long term chart as yours. I have attached it here. The only difference is I dont use bar chart candle sticks.

The gap between the 2 red lines has been a selling point and gold comes back to atleast the white line.

Vice versa for the blue lines.

The top red line stands around 1630 to 1635
Yea friend its quite similar only big difference is I am using the time frame from 2008 and you are using from 2010 so slight differences in price but I completely second your chart . and tops are always a bit here n there whatever we do lol
MMMYYYKKK
  • #8,356
  • Jul 25, 2011 7:56am Jul 25, 2011 7:56am
240 min GC chart first shown in March still catching price and providing numerous trades of differing duration:

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: gc240_001.jpg Size: 95 KB
  • #8,357
  • Jul 25, 2011 7:57am Jul 25, 2011 7:57am
Quoting myk
Yea friend its quite similar only big difference is I am using the time frame from 2008 and you are using from 2010 so slight differences in price but I completely second your chart . and tops are always a bit here n there whatever we do lol
Yes the timing also is different. My channel is a little more steep due to that. Is it my platform or the volume suddenly died out on the last move up (from 1613's to 1620).

On the dip every minute had about 48-70 contracts traded and now it shows just 3-5 per minute.
Trends I Love Finding
  • #8,358
  • Jul 25, 2011 8:22am Jul 25, 2011 8:22am
Bemac you forgot the "smoke"

------------------------------


Looks like last nights move outta the gate is here to stay!We had a test on minor resistance @ 1607 now price is 10 higher.

Quoting Bemac
Well that makes sense. Greece will be forgiven (the money debted.. ) We'll make it.
Europe is gonna be a little tougher. Need more Mirrors & Blinds.
TAINT!
& If it Does...
I'm a Buyer.

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,359
  • Jul 25, 2011 8:26am Jul 25, 2011 8:26am
beeb would you mind "Forking" the NZD/USD H O U R 4 (EDIT) 240 min you can post it in here if you don't mind.

I tried something yesterday and got this. THX!

Quoting beeb
240 min GC chart first shown in March still catching price and providing numerous trades of differing duration:

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: NZD CLOSE JUL 22.GIF Size: 32 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,360
  • Jul 25, 2011 8:27am Jul 25, 2011 8:27am
240min kiwi

XTrade - your A seems to be floating rather than anchored to a swing low.......
Attached Image (click to enlarge)
Click to Enlarge Name: k.jpg Size: 103 KB
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