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

  • #14,941
  • Jan 1, 2012 5:11pm Jan 1, 2012 5:11pm
Why is market closed? And when it will open?Thx
  • #14,942
  • Jan 1, 2012 5:44pm Jan 1, 2012 5:44pm
Quoting Ravissek
Why is market closed? And when it will open?Thx
In one of my replies when you asked this last week I said market will open after New Years same as Christmas which is: not till Monday 600PM ET.

HTH
  • #14,943
  • Jan 1, 2012 6:29pm Jan 1, 2012 6:29pm
I don't remember your own vote ?

Quoting forexfacts
What do you '"see" for this week, going up or down, share with us what you see

Same goes to Suntrader what do you See

In other words "Vote" as Xtrade has initiated, if you See a direction, share with us.
Patience is magic
  • #14,944
  • Jan 1, 2012 8:57pm Jan 1, 2012 8:57pm
Got a couple of newbie questions here:

1) Which brokers are the most recommended for trading gold?

2) Is trading the XAU/USD different from trading COMEX Gold?

Thanks
  • #14,945
  • Jan 1, 2012 10:45pm Jan 1, 2012 10:45pm
Quoting muntu ntu
I don't remember your own vote ?
yes your own vote, see my vote in post number 14773, you just vote like that, speak your heart out
  • #14,946
  • Jan 1, 2012 10:57pm Jan 1, 2012 10:57pm
VOTE:
ASIDE!

At least until Jan 10th when I hope to have had a glimpse of intention.
Until then... I'm Flat or Scalping (Mainly Flat)

BMc
  • #14,947
  • Jan 1, 2012 11:07pm Jan 1, 2012 11:07pm
Quoting muntu ntu
I don't remember your own vote ?
Maybe because it was ........ I think this but maybe that ......

On the other hand or flip a coin .... Up it is.

I don't vote even when it comes to important stuff like politics.
  • #14,948
  • Jan 1, 2012 11:25pm Jan 1, 2012 11:25pm
Quoting SunTrader
Maybe because it was ........ I think this but maybe that ......

On the other hand or flip a coin .... Up it is.

I don't vote even when it comes to important stuff like politics.
Ok no more crap, give me something without a maybe.

What do you SEE ?

Closing Up or Down this week ?
  • #14,949
  • Jan 1, 2012 11:30pm Jan 1, 2012 11:30pm
Quoting Bemac
VOTE:
ASIDE!

At least until Jan 10th when I hope to have had a glimpse of intention.
Until then... I'm Flat or Scalping (Mainly Flat)

BMc

Agree with you Bemac.

I think you are the only one here who can See

Your advise is Clear, i am standing on your advise Sir.
  • #14,950
  • Jan 1, 2012 11:44pm Jan 1, 2012 11:44pm
I am also out, looking for direction, and this week will probably be more concerned about bushfires than charts (40+ degrees, hot northern winds all week - yuck!!).

Re this:
Quoting SunTrader
I don't vote even when it comes to important stuff like politics.
I take it this means you don't vote in U.S. Federal Elections - can I ask why? I don't understand why you would not want to try to influence who is elected to run your country (and you have %wise more influence in the US than we do in Aust cos the voter turnout is so much lower). Maybe there is something fundamental about US elections that I am missing, but it seems weird when people in many countries would love the chance to vote in democtratic elections, I don't get why so many in the US don't take advantage of that - at least here I can say I TRIED to make sure the idiot woman PM we have didn't get in, I couldn't complain about it had I not voted!

cheers Cath
ps Happy New Year and green pips to all
  • #14,951
  • Jan 1, 2012 11:56pm Jan 1, 2012 11:56pm
Second chart posted here tells the story.

Gold has already deviated upwards out of the channel by almost appx +200$
Thus a deviation below and outside the weekly channel could be justified by the first break.

However, once and IF it breaks below I do not see another 200$ correction.

Thus, I respect profits taken and realize the end of year manipulation and low volume.

We will see what the price is doing by February and make further assessment.

thanks CL for your post.

Happy New year to all!

Quoting clc4x
Gold uptrend still remain. It has broken 1600 important support, but we yet to confirm trend reversal. Based on the negative correlation with USDX (-61), Gold may have tendency to break 1500.


Looking at the daily chart, Gold formed a couple of lower highs. This is a early signal of trend reversal.


http://lcchong.files.wordpress.com/2...ng?w=837&h=379


http://lcchong.files.wordpress.com/2...ng?w=837&h=379
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,952
  • Jan 2, 2012 12:01am Jan 2, 2012 12:01am
Second that. I agree.

My currency trades have been great towards year end.

I am usually keeping two screens. Aussie and Kiwi. reason= dont like to put all my eggs in one basket.
nd Gold n Silver from a different brokkerrr. so really four. but i look at about 10 pairs when trading FX and only majors and DXY when looking at metals

Favorite pairs ATM
Then I go to Swissie nd Loonie for shorting usd.
lastly cable and euro.

Quoting forexfacts
Agree with you Bemac.

I think you are the only one here who can See

Your advise is Clear, i am standing on your advise Sir.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,953
  • Jan 2, 2012 12:07am Jan 2, 2012 12:07am
ForexFacts.

Bemac is a champion trader, yet there are others here who can see.

Wait till the new year as the man said. I had suggested and told the thread no trades till after new year.

It is clear there are bulls and bears.

Yet we are still in a bull run. For Gold and Silver, likely bottoming soon.

Then it will be time to look for stacking positions to breach
2000
in 2012. and breach 2012...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,954
  • Jan 2, 2012 12:11am Jan 2, 2012 12:11am
Gold.

Trend has hit channel bottom, not on daily on weekly.
Both are the same or similar LTL.

YET.

This was YEAR AND QUARTER END.

Gold was the best trade of the year.

Thus, until multiple Weekly SMAs are broken I remain bullish.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,955
  • Jan 2, 2012 12:15am Jan 2, 2012 12:15am
Furthermore.

I see more money in trading a trend that is destined to go higher.

I accept corrections.

I look for opportunities to scalp for 5 usd moves in between.

Going long has been the winning trade.

That is why I trade gold as a bull,
when and if the real trend changes, then we will know it is time to sell.

Calling a further sell at a channel bottom of years could be account suicide if you are going short.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,956
  • Jan 2, 2012 12:17am Jan 2, 2012 12:17am
because it is already decided before the election.

Quoting CathS
I am also out, looking for direction, and this week will probably be more concerned about bushfires than charts (40+ degrees, hot northern winds all week - yuck!!).

Re this: I take it this means you don't vote in U.S. Federal Elections - can I ask why? I don't understand why you would not want to try to influence who is elected to run your country (and you have %wise more influence in the US than we do in Aust cos the voter turnout is so much lower). Maybe there is something fundamental about US elections that I am missing, but it seems weird...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,957
  • Edited 12:33am Jan 2, 2012 12:31am | Edited 12:33am
I may give some pardons to some banned last year in good faith that
during the NEW YEAR they will follow the rules posted in

POST NO 1

thus, if you currently cannot post and would like to, please PM me.

Some of you have been given multiple chances and do nothing besides cause conflict.

.....

u will not see this offer again.
X

edit: depending on the case and IF i get a PM they will be dealt with on an individual basis.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,958
  • Jan 2, 2012 12:37am Jan 2, 2012 12:37am
YES> bc hope, wishing, and wanting, do not exist in the reality of trading.
Quoting muntu ntu
Let me have the honor of the first 2012 post on this thead and welcome you into the brand new year! May we trade what we see and not what we think or hope!

Hotep!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,959
  • Jan 2, 2012 2:31am Jan 2, 2012 2:31am
Hi all...first post here, just arrived. Hopefully my attachment works...

I really does look like trade of the year with a LT Weekly bounce from TL, double fibs, closing above 55 EMA and confirmed by Weekly CCI which has registered as a long opp for the last 7 years.

I'll agree there is a possibility for a further drop, however with the DXY rolling over currently, chances are for instos to re-enter at start of year for the long haul.

Attached Image (click to enlarge)
Click to Enlarge Name: Gold02jan.png.lnk.png Size: 93 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDindex.png Size: 92 KB
  • #14,960
  • Jan 2, 2012 3:54am Jan 2, 2012 3:54am
I actually expressed my opinion more than one time and even illustrated it, if you care to look a couple of pages back.


Quoting forexfacts
yes your own vote, see my vote in post number 14773, you just vote like that, speak your heart out
Patience is magic
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