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

  • #14,701
  • Dec 20, 2011 7:23am Dec 20, 2011 7:23am
Quoting XTrade
Here;s an example in a chart.

We are slightly above. ATM. Did not like rejection at 1610.

look at blue line.
lets see what NY session has to say about 1610 and silvers 29.61-91 area.
  • #14,702
  • Dec 20, 2011 7:53am Dec 20, 2011 7:53am
Quoting lilpip
Although you look at the resistance as short term and only a 1 hr., consider and appreciate what you have their.
Your 1740 area was the months trend guide or pivot (1749) at Dec open.
your 1720 was the weekly trend guide or pivot for that week.
your 1645 is a top of a quarterly channel that I also consider.
your 1555 is dec. projected lows.
All the above although picked up on the smaller time frame, they are dealing with Higher timeframes which means stronger trends.
cycles whithin cycles, more than just an hrly on a smaller timeframe.
Nicely analyzed, thanks.
  • #14,703
  • Dec 20, 2011 8:00am Dec 20, 2011 8:00am
Quoting lilpip
this just shows 2011, where the other is back out to 2010, I believe thats the difference.
I said, "looks similiar on a weekly basis" as well. Reason why I didn't bother posting it too.
  • #14,704
  • Dec 20, 2011 8:24am Dec 20, 2011 8:24am
Appears the belated and weak "SantaClaus" rally is underway in stocks which is dragging commodities with them. Gold will probably continue retracing some of the correction till it all loses steam again.
  • #14,705
  • Dec 20, 2011 9:04am Dec 20, 2011 9:04am
"... Italy holds the world’s fourth biggest stockpile of gold, at 2,452 tonnes. That’s even more than France, and more than twice as much as China.
Only the U.S., Germany and the International Monetary Fund hold more.
The question here is whether some of the troubled European countries — such as Italy and France — are going to have to start selling off the national gold pile to meet their bills. ..."


http://www.marketwatch.com/story/wil...old-2011-12-20
I have no enemy; I make Incautiousness my Enemy.
  • #14,706
  • Dec 20, 2011 9:16am Dec 20, 2011 9:16am
Quoting jimobiwan
"... Italy holds the world’s fourth biggest stockpile of gold, at 2,452 tonnes. That’s even more than France, and more than twice as much as China.
Only the U.S., Germany and the International Monetary Fund hold more.
The question here is whether some of the troubled European countries — such as Italy and France — are going to have to start selling off the national gold pile to meet their bills. ..."


http://www.marketwatch.com/story/wil...old-2011-12-20

Kinda like selling your cow to buy milk, eh?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,707
  • Dec 20, 2011 10:08am Dec 20, 2011 10:08am
Gold above the LTL channel line and has taken out 1610 resistance.

Those who followed my call in the longs on AUD GBP and NZD I hope you followed through and kept buying cause today was the payoff.

I love a session like this! THey go straight up 100+ pips and done.

trading over. Now out of the 300 pip day if I tamper with my account I will likely give back 150.

So I have to follow my words. Don't over trade.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,708
  • Dec 20, 2011 10:09am Dec 20, 2011 10:09am
She's climbing.... coming up on 1620 what was support. Let's see how she reacts at that level if hit.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,709
  • Dec 20, 2011 10:10am Dec 20, 2011 10:10am
BTW those that didn't take the

AUD KIWI and Cable longs,

might attempt a 50 pip short with a tight stop NOW>>>>>>>>>>
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,710
  • Dec 20, 2011 10:12am Dec 20, 2011 10:12am
May be under on the daily. Not the weekly.

I am taking all cues from the weekly.

Quoting TheArcher
( for reference )
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,711
  • Dec 20, 2011 11:12am Dec 20, 2011 11:12am
Quoting XTrade
BTW those that didn't take the

AUD KIWI and Cable longs,

might attempt a 50 pip short with a tight stop NOW>>>>>>>>>>
Took my AUD at 0080. Was that about your call? Also closed CAD short at 0300 but kept my NZD and GBP
I have no enemy; I make Incautiousness my Enemy.
  • #14,712
  • Dec 20, 2011 2:48pm Dec 20, 2011 2:48pm
I'm targeting 164x to close long & open short if price pattern warns me to go short.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd1H.jpg Size: 147 KB
  • #14,713
  • Dec 20, 2011 3:33pm Dec 20, 2011 3:33pm
Quoting hbkarakas
I'm targeting 164x to close long & open short if price pattern warns me to go short.
agree.rallypoints works good for supply/demand re-entering for some scalp =)
good work =)
I will watch for it too
  • #14,714
  • Dec 20, 2011 10:28pm Dec 20, 2011 10:28pm
Forming a nice inclining channel. Got through 1622, next stop 1630 then 1640.

Long at 1606.5
SL: BE
TP: 1639.49

Don't know if anyone follows Turd Ferguson at TF Metals Report but he posted an interesting analysis on how after manipulating the price the cartel like to cover their tracks prior to the next CoT survey.

http://www.tfmetalsreport.com/blog/3...-happy-tuesday

Silver is still battling with 30, still holding my longs at 33ish.

Been stacking all week and the vault is looking like a pirate's hoard!! =)

Thanks XTrade for starting this thread it's been invaluable to me. I don't post much as you can see but I'm always on here!!!

Keep stacking!!
  • #14,715
  • Dec 20, 2011 10:38pm Dec 20, 2011 10:38pm
Chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1211211.gif Size: 23 KB
  • #14,716
  • Dec 20, 2011 11:04pm Dec 20, 2011 11:04pm
My call was long AUD NZD and CABLE two days ago. There was a rift in the system and hence I took profits and rebought the dip in line with my original foresight.


Today was the payday that keeps on paying.

I wouldn't short these pairs yet. Especially Cable which bounced off a huge weekly support.
Quoting jimobiwan
Took my AUD at 0080. Was that about your call? Also closed CAD short at 0300 but kept my NZD and GBP
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,717
  • Dec 20, 2011 11:06pm Dec 20, 2011 11:06pm
I welcome you friend and hope you will find a home here as many have. Please feel free to post your thoughts and ideas anytime. I am not the evil dictator some banned may think!!!

WELCOME!
Quoting birons
Thanks XTrade for starting this thread it's been invaluable to me. I don't post much as you can see but I'm always on here!!!

Keep stacking!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,718
  • Dec 20, 2011 11:13pm Dec 20, 2011 11:13pm
Target one AUSSIE 1.0295 resistance
Target one KIWI 7755 breach then takeover of 7825 resistance
Target one cable 5750 then takeover of 5888

Gold target THE MOON!!

Breach on 1660

Silver Target
32.40 then take 35

These are not day trading targets.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,719
  • Dec 20, 2011 11:15pm Dec 20, 2011 11:15pm
Glad you saw fit to become a member instead of a lurker!!!

Quoting birons
Chart attached
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,720
  • Dec 20, 2011 11:23pm Dec 20, 2011 11:23pm
This was the SECOND target to get long.....

Quoting XTrade
aussie and kiwi going for break of mini downward channels right now
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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