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

  • #11,661
  • Oct 5, 2011 9:12am Oct 5, 2011 9:12am
Hi everyone Im thinking buy gold,what about others opinions?

Nice volone
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  • #11,662
  • Oct 5, 2011 9:14am Oct 5, 2011 9:14am
Quoting CathS
Looks like gold liked the non-farm emp #, lets see what she thinks about the non-manufacturing PMI shortly.....
Yeah...I don't get that.

how does something good for the dollar be good for gold....it has to be because of euro demand for dollar right now.....coz of all their problems.

Everything is opposite.
Life's a bitch....so be a dog and cover it!
  • #11,663
  • Edited 9:25am Oct 5, 2011 9:23am | Edited 9:25am
Quoting Doncex
Hi everyone Im thinking buy gold,what about others opinions?

Nice volone
I would be nervous about that.....it could still go south.

Looking at the daily chart....support 3 is around 1550....also the 200mda is trending towards the 1550....if they all converge....I would think that would be a pretty safe bet to buy....you should at the very least get a strong bounce off of that.
Of course anything can happen....just my 2 pence.

Just noticed the volume is dropping off...that may be a sign in itself that is is about to turn bullish.
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Life's a bitch....so be a dog and cover it!
  • #11,664
  • Oct 5, 2011 9:30am Oct 5, 2011 9:30am
Quoting dogbreath
Yeah...I don't get that.

how does something good for the dollar be good for gold....it has to be because of euro demand for dollar right now.....coz of all their problems.

Everything is opposite.
This is what is happening for the past few days.Gold moves with Dollar may be as you pointed.
  • #11,665
  • Oct 5, 2011 9:39am Oct 5, 2011 9:39am
Just because a news release affects a market at that moment doesn't mean that move will continue.

You have to step back and look at the big picture and not just the knee-jerk reaction.

Where is price a hour later/day later etc.
  • #11,666
  • Oct 5, 2011 9:43am Oct 5, 2011 9:43am
Really tight range on gold today.... it's looking a bit weak IMO
Anything can happen.
  • #11,667
  • Oct 5, 2011 10:27am Oct 5, 2011 10:27am
Gold is getting just a waste of time no direction anywhere i m off for now
  • #11,668
  • Oct 5, 2011 11:55am Oct 5, 2011 11:55am
what is happening now ? from morning it didn't break 1630$. a quick sign hahaha.
  • #11,669
  • Oct 5, 2011 12:05pm Oct 5, 2011 12:05pm
Should have followed my gut instinct at approx. 5:15 am EDT to go long, but still at the sidelines.

Feel like I'm getting a better feel for the ebb and flow now, but with a big potential shift on Friday (and more to come), I am waiting patiently for the right opportunity.
  • #11,670
  • Oct 5, 2011 12:05pm Oct 5, 2011 12:05pm
Looks like they just woke up
  • #11,671
  • Oct 5, 2011 12:22pm Oct 5, 2011 12:22pm
Quoting Doncex
Hi everyone Im thinking buy gold,what about others opinions?

Nice volone
decide to closed gold at 1543.98level

But it is too early to closed long

I think price will reached 1670xx level thats my system shows...
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  • #11,672
  • Oct 5, 2011 12:37pm Oct 5, 2011 12:37pm
A 15 min close above 1643 should at least trigger 1677
  • #11,673
  • Oct 5, 2011 12:43pm Oct 5, 2011 12:43pm
Quoting khan101
A 15 min close above 1643 should at least trigger 1677
too late for long,too late for short.

If you take now long,sl would be wild big....
  • #11,674
  • Oct 5, 2011 12:49pm Oct 5, 2011 12:49pm
For me it has become bullish . 2 strong 1 hour candles price piercing through 1634 resistance it may dance here or anywhere but a bull run normally starts with this velocity .

My personal view we may see some real resistance at 1720 this time
  • #11,675
  • Oct 5, 2011 12:50pm Oct 5, 2011 12:50pm
Quoting Doncex
too late for long,too late for short.

If you take now long,sl would be wild big....
i have longs from 1616 . i was just telling not opening another long
  • #11,676
  • Oct 5, 2011 12:54pm Oct 5, 2011 12:54pm
Quoting GoldenDude
ok now im hoping big time it goes up from here (1600) as im all in
ok i took profit a few mins ago at 1636, and im going short at 1640
  • #11,677
  • Oct 5, 2011 12:56pm Oct 5, 2011 12:56pm
Quoting GoldenDude
ok i took profit a few mins ago at 1636, and im going short at 1640
Best of luck but i would not recommend a short here esp this time of day
  • #11,678
  • Oct 5, 2011 12:59pm Oct 5, 2011 12:59pm
Quoting khan101
Gold is getting just a waste of time no direction anywhere i m off for now
Bullshit.Buy low sell high.When you buy low (1600) you have profit.Waste of time? No dirrection? Dirrection is always up bro
  • #11,679
  • Oct 5, 2011 1:00pm Oct 5, 2011 1:00pm
Quoting GoldenDude
ok i took profit a few mins ago at 1636, and im going short at 1640
Bad decision bro
  • #11,680
  • Oct 5, 2011 1:02pm Oct 5, 2011 1:02pm
Except when it is down. Kinda like day and night.
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