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

  • #8,861
  • Aug 14, 2011 8:42pm Aug 14, 2011 8:42pm
short 1741, SL above the sloping downtrend line which is pretty obvious on lower TF's.

TP 1726

Looking for a good opportunity to go long though if we break out of this sloping downtrend though.
  • #8,862
  • Aug 14, 2011 8:45pm Aug 14, 2011 8:45pm
Quoting Bemac
WOW.
Attention! Attention!
Let it be known across all horizons that all falsified persons shall be identified & exposed for what they are.
Consequences may vary.

I nominate "The Goose" for Control @ Special OPs.

Too totally Cool LVG.

B
Haha! Don't make me breakout the BAN HAMMER!

Yeah, I just call em' like I see em'. Sometimes I'm wrong and sometimes I right, but when it seems suspicious I'm saying something and if needed doing something.

.
http://t3.gstatic.com/images?q=tbn:A...khb5B_ph_6LqJA
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,863
  • Aug 14, 2011 9:03pm Aug 14, 2011 9:03pm
@ XT et al.
I'm Bullish on the 1Hr Support above 1,700 holding. (~ 1,718)
I expect Hiccups (Long Entry Opps) @1,747, 1,766, & 1,794 before popping the top.

B
  • #8,864
  • Aug 14, 2011 9:37pm Aug 14, 2011 9:37pm
1746 seems somewhat protected.. its where we got punched down from this morning, and again just now a couple bucks pretty quickly.. perhaps intraday high and heading lower now?

edit: haha as im typing i see it fly up and bash at 1746 again.. seems to be where the shorts are sitting today and if we clear it.. hopefully back up to 1755-67

Mitch
  • #8,865
  • Aug 14, 2011 10:23pm Aug 14, 2011 10:23pm
Quoting Mitchoss
1746 seems somewhat protected.. its where we got punched down from this morning, and again just now a couple bucks pretty quickly.. perhaps intraday high and heading lower now?

edit: haha as im typing i see it fly up and bash at 1746 again.. seems to be where the shorts are sitting today and if we clear it.. hopefully back up to 1755-67

Mitch
Y'know what Mitch... I think i agree with you.
Needs a little punch though.
Expect a Non Currency News Headline in UK to push investors back to Gold.

B says Hunting 1,765 again.
  • #8,866
  • Aug 14, 2011 10:33pm Aug 14, 2011 10:33pm
I won't be going long unless we belt through 1746, hit something like 1755 then retest and bounce off 1746 to the upside. otherwise im sitting on the side lines.

could be a very quiet afternoon session. UK has a few bank holidays if I'm not mistaken.



Quoting Bemac
Y'know what Mitch... I think i agree with you.
Needs a little punch though.
Expect a Non Currency News Headline in UK to push investors back to Gold.

B says Hunting 1,765 again.
  • #8,867
  • Aug 15, 2011 12:06am Aug 15, 2011 12:06am
She needs to pop 1750 otherwise looks quiet.

to the downside 1730 with a hold on 1720 for further acceleration

Still playing Aussie and Kiwi
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,868
  • Aug 15, 2011 12:24am Aug 15, 2011 12:24am
Quoting XTrade
She needs to pop 1750 otherwise looks quiet.

to the downside 1730 with a hold on 1720 for further acceleration

Still playing Aussie and Kiwi
Anyone think last weeks gap will get filled?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,869
  • Aug 15, 2011 1:44am Aug 15, 2011 1:44am
Quoting Mitchoss
I won't be going long unless we belt through 1746, hit something like 1755 then retest and bounce off 1746 to the upside. otherwise im sitting on the side lines.

could be a very quiet afternoon session. UK has a few bank holidays if I'm not mistaken.
France and some of Europe Bank Holiday - UK is trading normally (whatever that means) and has a BH on 29th Aug.

beeb
  • #8,870
  • Aug 15, 2011 1:52am Aug 15, 2011 1:52am
Quoting Mitchoss
I won't be going long unless we belt through 1746, hit something like 1755 then retest and bounce off 1746 to the upside. otherwise im sitting on the side lines.

could be a very quiet afternoon session. UK has a few bank holidays if I'm not mistaken.

Gold is in a bit of a wedge IMHO - refer you to my last chart in post #8961 which I still think is the one to watch.
Remember it's still very thin summer trading..

beeb
  • #8,871
  • Aug 15, 2011 2:37am Aug 15, 2011 2:37am
well anyone who went long at 1736 woulda made a quick $10 lol.. even that amazing run got hit on the head pretty quick by the shorts... I wonder if 1720 will come into play tonight. Ill be going long there if we reach it.

Mitch
  • #8,872
  • Aug 15, 2011 2:48am Aug 15, 2011 2:48am
to me it actually looks like a decent reversal trade setup, currently ranging and slightly below WP, however once 1746-1752 is cleared I think it's a good idea to get in long. above MP and QP though, so a good sign still.
  • #8,873
  • Aug 15, 2011 3:54am Aug 15, 2011 3:54am
Quoting ruffryders
to me it actually looks like a decent reversal trade setup, currently ranging and slightly below WP, however once 1746-1752 is cleared I think it's a good idea to get in long. above MP and QP though, so a good sign still.
You think that the pullback will be over if it breaks the given price, or you're just suggesting short-term long?
  • #8,874
  • Aug 15, 2011 4:13am Aug 15, 2011 4:13am
Quoting Icosahedron
You think that the pullback will be over if it breaks the given price, or you're just suggesting short-term long?
long until 1790-1810 that's what Im thinking.
  • #8,875
  • Aug 15, 2011 4:36am Aug 15, 2011 4:36am
Quoting ruffryders
long until 1790-1810 that's what Im thinking.
Aha, I see.

Heavily consolidating now on 30min and 1hr charts, you're probably right about the range. Just need that explosion and resistance crush now.
  • #8,876
  • Aug 15, 2011 6:03am Aug 15, 2011 6:03am
It's the middle of August - don't read too much into HFT fluctuations..

beeb
  • #8,877
  • Aug 15, 2011 6:28am Aug 15, 2011 6:28am
Gone short XAU/USD @ 1744 and stop at BE. Going for the GAP fill from Aug. 8th. Sorry no chart to show.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,878
  • Aug 15, 2011 9:36am Aug 15, 2011 9:36am
50 100 and 200 sma coming closer together.

PA is dead. May be looking for that Gap fill Goose!

We'll see. if things keep getting wound up we are bound for explosion.'

Look at the last time.


Sidelined this looks like it could have a potential headfake blast down and then explode up....

Or of course the PA could do nothing and keep moving sideways
It's seems resisted by the 100 and 50 and supported by the 200.

Looking at H1
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,879
  • Aug 15, 2011 9:38am Aug 15, 2011 9:38am
Quoting XTrade
50 100 and 200 sma coming closer together.

PA is dead. May be looking for that Gap fill Goose!

We'll see. if things keep getting wound up we are bound for explosion.'

Look at the last time.


Sidelined this looks like it could have a potential headfake blast down and then explode up....

Or of course the PA could do nothing and keep moving sideways
It's seems resisted by the 100 and 50 and supported by the 200.

Looking at H1
It's straining in the wedge predicted on my last chart in post #8961

beeb
  • #8,880
  • Aug 15, 2011 12:35pm Aug 15, 2011 12:35pm
Hey how do you guys trade Gold?

Do all of you trade on the futures market/stock market?

Or do you guys use some spot forex broker?
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