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

  • #11,821
  • Oct 7, 2011 11:39am Oct 7, 2011 11:39am
Might be a fake down side. we can see the real face at the time of US close as the end of the week.
  • #11,822
  • Oct 7, 2011 11:44am Oct 7, 2011 11:44am
Quoting ngr
Might be a fake down side. we can see the real face at the time of US close as the end of the week.
Then a $16 range in a 5 minute bar is very good fake.

Although I agree it matters where each day/week/month closes. That is until the next period's open which could gap either way reversing the previous period's closing sentiment.
  • #11,823
  • Oct 7, 2011 12:15pm Oct 7, 2011 12:15pm
Quoting Doncex
I smell bears silver and gold
You were Correct !
  • #11,824
  • Oct 7, 2011 12:18pm Oct 7, 2011 12:18pm
Quoting forexfacts
You were Correct !
yup
  • #11,825
  • Oct 7, 2011 12:26pm Oct 7, 2011 12:26pm
bulls are back to fight against bears.Let us see how she love to close and open on next week.

happy trading all
  • #11,826
  • Oct 7, 2011 12:43pm Oct 7, 2011 12:43pm
Quoting ngr
bulls are back to fight against bears.Let us see how she love to close and open on next week.

happy trading all
Not so fast,these bears steps can only begining
  • #11,827
  • Oct 7, 2011 12:48pm Oct 7, 2011 12:48pm
im waiting for 1600 to buy!
  • #11,828
  • Oct 7, 2011 12:55pm Oct 7, 2011 12:55pm
Quoting GoldenDude
im waiting for 1600 to buy!
if everyone is waiting for it to drop to 1600 to buy, then i know it wont happen.
  • #11,829
  • Oct 7, 2011 1:04pm Oct 7, 2011 1:04pm
I think that down move might have been news related

http://www.forexfactory.com/news.php?do=news&id=319159
Anything can happen.
  • #11,830
  • Oct 7, 2011 1:13pm Oct 7, 2011 1:13pm
Quoting ddinnov
I think that down move might have been news related

http://www.forexfactory.com/news.php?do=news&id=319159
It was, but commodities will soon rise. I'll know it over the weekend. ECB wants to star bond-purchasing (bad for the USX). There has been so many good pieces of fundamental data lately (bad for the USX). Personally, I think risk appetite is back, we just need to see a little bit more of a correction to the downside and it's done.

We'll know if that will happen next week, or if we will have to wait a little more (over the weekend).

Pbh
  • #11,831
  • Oct 7, 2011 2:07pm Oct 7, 2011 2:07pm
Quoting Pbh
It was, but commodities will soon rise. I'll know it over the weekend. ECB wants to star bond-purchasing (bad for the USX). There has been so many good pieces of fundamental data lately (bad for the USX). Personally, I think risk appetite is back, we just need to see a little bit more of a correction to the downside and it's done.

We'll know if that will happen next week, or if we will have to wait a little more (over the weekend).

Pbh

Agreed
  • #11,832
  • Oct 7, 2011 2:08pm Oct 7, 2011 2:08pm
Quoting Goldmansacks
Agreed
ayo..Goldmanfucks..........
  • #11,833
  • Oct 7, 2011 2:09pm Oct 7, 2011 2:09pm
Quoting grashid
ayo..Goldmanfucks..........
That too.
  • #11,834
  • Oct 7, 2011 2:12pm Oct 7, 2011 2:12pm
more of the same to come.....

http://www.telegraph.co.uk/finance/f...n-more-QE.html

ding ding next up!
  • #11,835
  • Oct 7, 2011 3:21pm Oct 7, 2011 3:21pm
Quoting ddinnov
I think that down move might have been news related

http://www.forexfactory.com/news.php?do=news&id=319159
That down move was low volume also... it was probably Fitch selling Gold after they downgraded! Another intervention of sorts to knock down the price of Gold. It will be hard for the price to recover between the Margin hikes, Fed announcements and downgrades!
  • #11,836
  • Oct 7, 2011 3:45pm Oct 7, 2011 3:45pm
Quoting fawaol
Scenarion of going to 1500...
Not canceled yet
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 19 KB
  • #11,837
  • Edited 6:19pm Oct 7, 2011 6:06pm | Edited 6:19pm
Hi All.

Looks like some end of week profit taking. Still Stuck in range appx
75 USD range and we close right in the middle. Appx 1600- 1675 - 1635 stuck in the middle.
Typical expectation of a range bound trading ground.

Right in the middle again! Well, all and all 80 bucks as a range sure as hell beats 20!

Links;
METALS OUTLOOK: Gold Could Advance As European Concerns Linger
http://www.kitco.com/reports/KitcoNews20111007DeC.html

Higher Prices Expected For Gold Next Week –
http://www.kitco.com/kgs/goldsurvey_october07.2011.html
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,838
  • Oct 7, 2011 6:15pm Oct 7, 2011 6:15pm
We hit the mark here guys!

1,000,000 (1 million) Views! edit + appx 12,000 posts!

Let's go bulls BREAK 1775 next week.

HOPEFULLY this thread has served as A GOLDMINE OF KNOWLEDGE for some and a welcome place to discuss, agree, disagree,
analyze and re-discuss for the elders!

Best of luck to all.

Nice to see after almost 2 weeks of being sick.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,839
  • Oct 7, 2011 7:09pm Oct 7, 2011 7:09pm
Quoting XTrade
We hit the mark here guys!

1,000,000 (1 million) Views! edit + appx 12,000 posts!

Let's go bulls BREAK 1775 next week.

HOPEFULLY this thread has served as A GOLDMINE OF KNOWLEDGE for some and a welcome place to discuss, agree, disagree,
analyze and re-discuss for the elders!

Best of luck to all.

Nice to see after almost 2 weeks of being sick.

I agree, come on bulls!!!

Anyway is a good topic to learn, i look at it every day, thank You all for posts and your comments !!!

Good luck in trading!
  • #11,840
  • Oct 7, 2011 7:17pm Oct 7, 2011 7:17pm
Any end of the week stories>>?

Is everyone "getting along" in here????
_____________________________________
1600 is gaining strength.

I am looking for a breach, breakout, or a daily close above 1700
to seal the deal.

NOTICE: Gold has appx 150 bux over PT spot. This is the widest ratio in history I believe.

NOTICE: Silver is sticking to the 30 Handle.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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