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

long @1757 TP 1781 no SL
hopefully reach today

man I wish I had the time to keep up with this volcano you created XT.

I'm at the point of posting . . .
My Name is Bemac, I'm almost 60 years old. I've Traded. I mean Traded! for 30 years or so.

I don't care if it is Your First Post at FF. If it makes sense to me I will think about it.

FF has had it's share of Attempted Troll(ing) in the past & (to date) has never failed in sourcing/removing them.
I'll read what FF allows to be posted without checking Poster +V status or even Member Since.
Why?...
I learned to Trade by studying what others were doing.

B.
btw.
I'm aside on gold atm. Currently I find better use for my cargo elsewhere.

Bemac! How are ya brother?!!! That's ok just pop in when you want to post and when you wanna hang.


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Silver, just got a nice boost on H4 - Bear candle > Spinning top > bull candle

THe line at 33.64 support is strong. Worth noting on your chart. Price action tightening, perhaps a breakout is underway... Just a thought.

Gold we are on a little short trend. tf h 4. We must above 1780 to break this.What you think guys, we are go short in the next 2 days ?go long to 1800?

nice better boost for bulls now.

had a nice gold scalp just now.

http://www.moneyandmarkets.com/misc/...to-expect-next

i dont know what to make of it.

What do you see in your charts for today and tomorrow my friends? are we bullish or bearish?

Bearish.look at day chart,it says this was top and we can go down now.
I closed my second long and waiting.

dude where do the chart say that we hit the top already?

Just woke up and see that silver broke through my support line....

Gold still sitting around.

had a fun short on gold held from last night. closing her up now.

Although there is the rest of today and tomorrow to trade before a weekly bar is complete, right now it is bearish engulfing bar - so keep your :nerd: on it.

Also trendline break on daily, lower lows, lower highs.

Yeah, little diperoo to 1740 support area.

It could accelerate further south. OR get bought up. We'll see.

GOLD - Correcting But Biased To The Upside Short Term, Key Resistance At 1,802.75
"GOLD - Although price hesitation has set in, we continue to hold our positive upside outlook on Gold in the short term. This leaves the risk of a return above the 1,802.75 level, its Nov 08’2011 high on the cards with a violation of there allowing for further strength towards the 1,827.85 level, its Sept 19’2011 high. Further out, resistance comes in at the 1,862 level, its Sept 12’2011 high. Alternatively, on any pullbacks, the 1,693.95 level should come in as support. We expect a reversal of roles as support to occur at this level and then turn the pair higher again. However, a break of the 1,693.95 level could see the commodity weakening further towards the 1,595.75 level and then the 1,532.90 level, its Sept’2011 low. All in all, Gold remains biased to the upside in the short term with eyes on the 1,802/27 levels.
"

Right...Hope 1736 resistance will hold. If it breaks a free fall to 1706 area.

i still am not sure about the 2000 thing xt. it all seems asking too much sort of?

Long at 1741

I'm going to wait a few then probably buy this dip and silver as well.

Also took a long in AUD and GBP. SOLD USD/CHF

The Euro weekly is on the Rising Trend line.

The weekly candle is forming a wick. Possible long if it doesn't break the line.

Long 1738.70

Reason, DRange $33.9 already, retest of 10NOV11 day low.