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

  • #9,641
  • Sep 2, 2011 7:38am Sep 2, 2011 7:38am
Non farm is big 0+it's high impact.

Is it gonna be the rise of gold to $2000?

Thanks
  • #9,642
  • Sep 2, 2011 7:49am Sep 2, 2011 7:49am
http://www.sgtradefx.com/wp-content/...going-down.png

Gold broke out of the $1836 level and is now racing towards its previous high of $1912. Going LONG into gold now would be suicide. It would be best to wait till it re-tests the $1836 level, as highlighted in the chart in yellow, before going LONG into gold.
  • #9,643
  • Sep 2, 2011 7:58am Sep 2, 2011 7:58am
diagonal fib lets see what it does.
Attached Image (click to enlarge)
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  • #9,644
  • Sep 2, 2011 8:00am Sep 2, 2011 8:00am
Quoting longshot_nl
diagonal fib lets see what it does.
i love your chart. good job!
  • #9,645
  • Sep 2, 2011 8:21am Sep 2, 2011 8:21am
Finally a break out in anticipation of the FLAT US NFP.

Unemployment steady at 9.1 pct!!!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,646
  • Sep 2, 2011 8:22am Sep 2, 2011 8:22am
A big Fat Z E R O ( FA T0 ) in change
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,647
  • Sep 2, 2011 8:23am Sep 2, 2011 8:23am
Quoting XTrade
A big Fat Z E R O ( FA T0 ) in change
I'm sure a few traders will remain gainfully employed though
Anything can happen.
  • #9,648
  • Sep 2, 2011 8:25am Sep 2, 2011 8:25am
Quoting XTrade
Finally a break out in anticipation of the FLAT US NFP.

Unemployment steady at 9.1 pct!!!!!!
Any expected movement according to you, Mr. X ?

I think that NFP is slightly suspicious. GU and EU are down.
trading is my zen
  • #9,649
  • Sep 2, 2011 8:25am Sep 2, 2011 8:25am
I can see 1950 as a target coming up.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,650
  • Sep 2, 2011 8:27am Sep 2, 2011 8:27am
I know it's odd. They were probably and look oversold due to expectations of a good no.

Very possible they could snap back at us.

I just went from + 30 to neg 30 on a trade. Market a bit wacky indeed.

Quoting ShirleyLo
Any expected movement according to you, Mr. X ?

I think that NFP is slightly suspicious. GU and EU are down.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,651
  • Sep 2, 2011 8:42am Sep 2, 2011 8:42am
Agree with Shirley..

NFP is weird, big 0K.. But EU+GU is down..

But more data is that Alaska earth quake can be dangerous(tsunami).

Pretty much almost everyone pro bullish.. even though in other thread, said can be bearish to 1753(http://www.forexfactory.com/showthre...221760&page=33)..
  • #9,652
  • Sep 2, 2011 8:47am Sep 2, 2011 8:47am
Is it staying still because everyone's piling into USD?
Anything can happen.
  • #9,653
  • Sep 2, 2011 9:13am Sep 2, 2011 9:13am
I'm a bit concerned that ones that are down are US stocks (check out Dow, S&P, just to be sure) and NOT USD.................just yet.

a move is expected usually in afternoon NY time. Watch your stop and don't be too greedy just yet.

See if we can be a little greedier on Monday after see how the market closes tonight.
trading is my zen
  • #9,654
  • Sep 2, 2011 9:21am Sep 2, 2011 9:21am
I had a silver trade on from 41.50 that I closed out at 42.00 earlier
Anything can happen.
  • #9,655
  • Sep 2, 2011 9:28am Sep 2, 2011 9:28am
Took the long break on an inside bar/inside day at around 1442, will be looking to target the 1900 level at least.
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  • #9,656
  • Sep 2, 2011 11:18am Sep 2, 2011 11:18am
Let's go, let's really break that 43 in silver !
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #9,657
  • Sep 2, 2011 11:19am Sep 2, 2011 11:19am
I'm glad you posted that link. At 1818 we can see what looks like 30 short positions.

Now the price is 55 USD higher.

How do YOU think that ended???

They were on the 26th. That is clearly AFTER the big dip. In fact on the 26th from 1818 the price rose another 50 USD before eventually correcting
3 days later - approximately 30 USD.

Then if you had bought that dip from 1790 and held it until today

you would be sitting on an 81+ usd move. Imagine that trade with 30 longs???

I think it is clear what the more profitable "safer" trade is.

Quoting vp920b
Agree with Shirley..

NFP is weird, big 0K.. But EU+GU is down..

But more data is that Alaska earth quake can be dangerous(tsunami).

Pretty much almost everyone pro bullish.. even though in other thread, said can be bearish to 1753(http://www.forexfactory.com/showthre...221760&page=33)..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,658
  • Sep 2, 2011 11:33am Sep 2, 2011 11:33am
I bought the dip before at 1715.

Unfortunately my leverage is 0 so 30 positions not happening.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,659
  • Sep 2, 2011 12:45pm Sep 2, 2011 12:45pm
1880 today.. great.
The Black Swan: The Impact of the Highly Improbable
  • #9,660
  • Sep 2, 2011 1:07pm Sep 2, 2011 1:07pm
Silver just broke out the 43$... now 43.20... Slowly but surely
US Dollar is trash... Get out of that Ponzi scheme !!!
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