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

  • #12,941
  • Nov 9, 2011 1:47pm Nov 9, 2011 1:47pm
is Gold go short?
Under the WP and R1 line.
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  • #12,942
  • Nov 9, 2011 2:00pm Nov 9, 2011 2:00pm
Quoting tuba84
what going on? 1770 again after big drop... its a good time for long or short ?
Look at round numbers like 1750 to buy.
  • #12,943
  • Nov 9, 2011 2:02pm Nov 9, 2011 2:02pm
Quoting tuba84
what going on? 1770 again after big drop... its a good time for long or short ?
1750 for buy.
  • #12,944
  • Nov 9, 2011 2:03pm Nov 9, 2011 2:03pm
Quoting stevebalmmer
is Gold go short?
Under the WP and R1 line.
i was about to be amazed to see such a lock but no offece what the f--- are u doing?!

buying at high and selling a low?

damn man its the other way around!!!
Have I got something on my face, SOLDIER?
  • #12,945
  • Nov 9, 2011 2:26pm Nov 9, 2011 2:26pm
what you mean?

Quoting bumapatria
i was about to be amazed to see such a lock but no offece what the f--- are u doing?!

buying at high and selling a low?

damn man its the other way around!!!
  • #12,946
  • Nov 9, 2011 2:40pm Nov 9, 2011 2:40pm
Quoting stevebalmmer
what you mean?
you were selling while price goes up and buyign when it goes down... why?
you hedge a loss?
Have I got something on my face, SOLDIER?
  • #12,947
  • Nov 9, 2011 2:50pm Nov 9, 2011 2:50pm
2 orders i have closed, and wait Gold to came back at 1750.or 1730.
Quoting bumapatria
you were selling while price goes up and buyign when it goes down... why?
you hedge a loss?
  • #12,948
  • Nov 9, 2011 3:46pm Nov 9, 2011 3:46pm
Quoting bumapatria
i was about to be amazed to see such a lock but no offece what the f--- are u doing?!

buying at high and selling a low?

damn man its the other way around!!!

i think there was a good bullish trend to buy even at 1790... if gold hits another high of 1915 or even more what will you say? I should short when was 1790 ???

Anyway I think gold will hit no more than 1730 (strong support)
Good luck to all!
  • #12,949
  • Nov 9, 2011 3:50pm Nov 9, 2011 3:50pm
Quoting tuba84
... if gold hits another high of 1915 or even more what will you say? I should short when was 1790 ??? .......
And ...... if it doesn't?

Of course any price is a good price to buy if it keep going higher (no not really) but no matter what the bulls say nothing in this world is guaranteed.
  • #12,950
  • Nov 9, 2011 4:08pm Nov 9, 2011 4:08pm
Quoting tuba84
i think there was a good bullish trend to buy even at 1790... if gold hits another high of 1915 or even more what will you say? I should short when was 1790 ???

Anyway I think gold will hit no more than 1730 (strong support)
Good luck to all!
what sunt said is correct. gold could hit $20 today and any investor would go crying and stop losses would be slipped, that major black swan event could occur, etc, NO ONE KNOWS FOR SURE.

same as limit orders, how do we know how the market is going to react if it reaches a ccertain level in the future? of course we do not know!

i say trade what is in front of you, have no bias whatsoever.

E.g. Gold hits 1920, and u see a supply level and u see an evening star on all timeframes (example), and risk is 50 pips for possible reward till demand of 1870 which is 80 pips short. and u see that evening star and sellers selling, and u bought thinking it would go higher. emotions are killers, fear and greed are our demons in trading. i found that the hard way. best way is to dance with your demons, use them to guide you when trading. shooing them away wont work.

so right now example, i scalped gold few secs ago, and its demo gold for me, im still working out the kinks. i bought gold even though it looks to drop, and stop to BE, (yes xtrade has said many times its not recommended) because i know the trend right now is down, and im buying so i would like to be safe if at any time i am wrong, for i am maybe buying a retracement, or people taking profits, not really buying. so gold, im no pro WHATSOEVER. dont ask me future prices or whatever, currencies im better than gold, and more of my expertise, so gold... yeah im new.

trade price, not emotion i would say mate
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Have I got something on my face, SOLDIER?
  • #12,951
  • Nov 9, 2011 4:24pm Nov 9, 2011 4:24pm
Quoting bumapatria
......... trade price, not emotion i would say mate
There is no emotion with demo trading, which IMHO makes it just about useless.

No evil emoticon this time but I was tempted.
  • #12,952
  • Nov 9, 2011 5:45pm Nov 9, 2011 5:45pm
I trade live with currencies and oil, but gold... yegh.... not yet.
Have I got something on my face, SOLDIER?
  • #12,953
  • Nov 9, 2011 7:47pm Nov 9, 2011 7:47pm
same play
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  • #12,954
  • Nov 9, 2011 8:35pm Nov 9, 2011 8:35pm
options expiration in S Korea tonight could be driving volatility , lots of equities losses holding my gold shorts here looks good
  • #12,955
  • Nov 9, 2011 9:11pm Nov 9, 2011 9:11pm
Quoting Blud4oilPrgm
options expiration in S Korea tonight could be driving volatility .........
You're not serious are you?

IMO risk off = Euro down, Dollar higher which is driving Gold down.
  • #12,956
  • Nov 9, 2011 9:18pm Nov 9, 2011 9:18pm
XAU/USd.


hmm wonder what the 'USD' part means

good luck guys im away from gold for now, but looking at it for correlation
Have I got something on my face, SOLDIER?
  • #12,957
  • Edited 10:00pm Nov 9, 2011 9:42pm | Edited 10:00pm
A correction back sub-1700 may or may not occur in the short term, but what I find more interesting is the fact that gold is not dropping as much when the dollar index rises.

For those playing it for the long haul, there remains a question as to whether precious metals will play a role if the euro fails. ***Definitely an interesting play if they rely on the printing presses to kick the can.

Hilarious hearing analysts stating the uncertainty over Italy has already been priced in a day before the euro slide even lower. Goes to show - nothing is ever "priced in". It's just crap they tell those on the periphery so they look the other way as the next inside deal goes down.

I think gold and silver are still in play for now. Correction/no correction, I am betting the price will eventually rise above where it stands today.

I would wager you, but I already have bets on the table.
  • #12,958
  • Nov 10, 2011 12:46am Nov 10, 2011 12:46am
I dont understand why euro is rising....
  • #12,959
  • Nov 10, 2011 2:08am Nov 10, 2011 2:08am
Quoting Sreym33
Burlusconi resigning... that's the news that we had to wait for. It was all in the chart. The first selling wave is done 1803 to 1777, be careful if you plan to go long here... use your stops or be prepared for the drop to 1742~1727. (50 and 62 fib between 1680 and 1803). Tomorrow should be a down day and then back over 1800 on Friday.

in no way should you trade based on my suggestions, even if I have been correct... I have also been way wrong... just my analysis.
happy trading.
Well, thats true! it happened today! but is it 2morrow on Friday or 2night the gold will ride up again? should we long then?
  • #12,960
  • Nov 10, 2011 6:11am Nov 10, 2011 6:11am
Quoting pipslonging
Well, thats true! it happened today! but is it 2morrow on Friday or 2night the gold will ride up again? should we long then?
It looks to me like the 1753 low may have been the low. 4hr stochastic is coming up... and if you fib from 1724 to 1800, 1753 is right on the 62 fib line. I am thinking long with a stop at 1750, move to BE once price moves in your favour $10. I was probably off on the 1800 by Friday comment but it looks like 1780 is a definite TP point.
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