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

I am rly curious what will happen when gold touches 2000$.
i think we can head rly big selloff to 1400.Or rise to 2400 and the selloff...
I think next years will be more faster and more volatile on gold.

psychical?what?

I don't know any store that takes pips but I do know a few that take dollars -

and right now price is $100 lower than previous swing high and $250 lower than alltime swing high.

Contrary to popular belief a trader can go broke taking small profits. Money with a capital M is made by trading the moves, big ones, not by scalping.

Physical gold bullion. not just the ETF's we're all talking about here.
Bought a few ounces of the good stuff

i trade big moves too . so far today market aint doing much, so best to scalp and get a few pips.

From my angle and off the top of my head.
With our major trend we had our yearly breakout, extending from 1550 and hit our target of 1922-36 area, rotating back down retesting our yearly breakout 1550 and she held.
As she extends out we consider the quarterlys our secondary trend guide or pivot and she held @ 1617 as we started the 4th quarter. As she extended out during the quarterly cycle we confirmed direction with the lesser monthly trend guide and they extended up and out.
the new Dec. monthly timeframe started her trendguide was 1741-48 area, our move was noted along with our yet lesser trendguides the weekly,daily confirming dec. trend down.
Considering my limited knowledge of pa, patterns, mannerisms, etc. I have to say shes getting in position for the new yearly time frame and as of today 1648-49 area is a significant price or pivot going into the new year. However we will have a better feel at quarter and yearly close.
Consideration the 2012 single yearly timeframe pivot as of this week (normally I view the last 3 years or 3 of any timeframe of more importance) however the single needs to be considered as most traders only consider the single.
1955
1649
1343
Dec. monthly
1943
1748
1555
As far as today goes staying above 1648-49 area noted. She told us yesterday what she thought of 1668-70, lets see if we can move through and retest mondays daily breakout 1692-96 area and see what she has to say.
tue.daily
1742
1692-96
1642
Silver staying above 30.75-95 area was also noted, seems to me you want to rotate back to weekly pivot, will you?
weekly
33.55
32.15
30.75-95

Depends on money you made by 1pip.

I'm loving this day candle if it close like this then i'm long

What indicator is that for the candles?

When do we enter a trade using this ZUP indicator?

what is the next target? 1614? or 1580? or go long?

When you see a butterfly or bat wings.....They are blue triangles that are side by side.

you should see one on the H4 chart right now....on eurusd

That would be an indication for a buy.....you would wait until you are sure it has finished going down.

Heading down to test LOD - which is also a 2 month low.

Did anyone else find it odd that we got a spike UP in GOLD when the EUR/USD spiked down?

Anyone have any thoughts?

what is the "LOD"

2 month down is the 1600!

Low of the day.

Correct I was not accurate, 2 month low is $48 lower at 1603.45

Though is is only a matter of time.

LOD is pretty close to my sell stop
I always place sellstop like 2$ from the LOD and this made me lot of pips this week.

Pls someone tell me why gold is correlated with eurusd now.
Eurusd can go down more and more...oh my god...