XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 911 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #18,201
  • Apr 3, 2012 4:23pm Apr 3, 2012 4:23pm
Quoting Ahmed Azzam
Gold 2-Apr-2012


Previous Outlook: Sell near the level of 1669, stop loss of 1681, to target the levels of 1658, 1645, then 1632.

Comment on Previous Outlook: Gold reached the entry level...

Today’s Look: We tend today to hold on the short position.
Less than 3$! It is a shame that your stop loss was triggered before price went your direction.
  • #18,202
  • Apr 3, 2012 7:55pm Apr 3, 2012 7:55pm
Jewellery strike ends as India defers excise duty on non-branded gold
Quote
http://www.mineweb.com/mineweb/view/...ail&pid=102055

Will the defer renew the bull race?


breeze
  • #18,203
  • Apr 3, 2012 9:50pm Apr 3, 2012 9:50pm
Quoting fxbreeze
Jewellery strike ends as India defers excise duty on non-branded gold

Will the defer renew the bull race?


breeze
The bull may only start after this friday NFP. NFP may push the gold price further down before bull can resume. How do u all think?
  • #18,204
  • Edited Apr 4, 2012 12:32am Apr 3, 2012 10:19pm | Edited Apr 4, 2012 12:32am
Quoting farn
The bull may only start after this friday NFP. NFP may push the gold price further down before bull can resume. How do u all think?
I read that government will resort to monetary control etc when they see money is invested in gold and silver and not into equity etc.

Hence, I won't be surprised if it goes down further. But how low will that be? Will it be possible back to 15/14'00? I will find the price absurd if it does.

breeze
  • #18,205
  • Apr 3, 2012 10:22pm Apr 3, 2012 10:22pm
Quoting fxbreeze
I read that government will resort to monetary control etc and they see money is invested in gold and silver and not into equity etc..
What government? India.
  • #18,206
  • Edited 10:46pm Apr 3, 2012 10:25pm | Edited 10:46pm
Quoting lilpip
eye on the primary and secondary trend, the new quarterly cycle and the battle at hand.
single year trendguide or pivot 1600 holding.
1st quarter trendguide 1632 holds on rotation back as quarterly cycle ends. As we move forward onto the 2nd quarter the trendguide is 1688-89. The lesser trendguide of the monthly for april is 1671-74 area which almost lines up with the quarterly.
mind your mm as to the direction she moves from this 1671-89 area.
Heads up to pa and candle formations around the 1671-76 area especially .
weekly
1715
1671
1627
One things for certain dealing with new quarterly cycle and that is we have to get above 2nd quarter trendguide 1688-89 area before we head north.
On the daily, silver reached the daily high area 33.38 and it was south from their as she closed at daily and weekly pivot area 33.59.
Gold couldnt stay above daily, weekly, and monthly trendguide 1671-74 area and dropped to tue daily low area 1647 at close.
With 1st quarter close below 1688-89 area and what she said at the 1671-74 area today, Unless shes lying its south for the week so hang on to your shorts.
wed. daily
1678
1656
1634
eyes open @ 1656 area
wed daily
33.32
32.50-58
31.68
  • #18,207
  • Apr 3, 2012 10:29pm Apr 3, 2012 10:29pm
Quoting SunTrader
What government? India.
Hi SunTrader,

My knowledge is limited. I will think it is India.

But I do wonder if Ben is doing the same thing, curtail the flow of cash into metals.


breeze
  • #18,208
  • Apr 4, 2012 3:17am Apr 4, 2012 3:17am
bot @ 1635.5, sl = 1628.5, tgt = 1648, 1660
  • #18,209
  • Apr 4, 2012 3:20am Apr 4, 2012 3:20am
Quoting nim1984
bot @ 1635.5, sl = 1628.5, tgt = 1648, 1660

2nd TP @ 1660? Is that possible?


breeze
  • #18,210
  • Apr 4, 2012 3:36am Apr 4, 2012 3:36am
GDX looks like its going to breakdown soon and its going to be vicious. I have 8 stocks in my gameplan today, two of them are gold miners (ABX & CDE).
Attached Image
  • #18,211
  • Apr 4, 2012 3:46am Apr 4, 2012 3:46am
I will wait and see the development.

breeze
Attached Image (click to enlarge)
Click to Enlarge Name: xau.JPG Size: 50 KB
  • #18,212
  • Edited 4:50am Apr 4, 2012 4:00am | Edited 4:50am
Quoting fxbreeze
2nd TP @ 1660? Is that possible?


breeze
based on this chart I beleive it is possible

http://www.screencast.com/t/jmFSbNlqj7C
http://www.screencast.com/t/jmFSbNlqj7C
  • #18,213
  • Apr 4, 2012 5:10am Apr 4, 2012 5:10am
http://blogs.wsj.com/marketbeat/2012...-much-happens/
I have no enemy; I make Incautiousness my Enemy.
  • #18,214
  • Apr 4, 2012 6:01am Apr 4, 2012 6:01am
Quote
Gold 2-Apr-2012


Previous Outlook: Sell near the level of 1669, stop loss of 1681, to target the levels of 1658, 1645, then 1632.

Comment on Previous Outlook: Gold reached the entry level...

Today’s Look: We tend today to hold on the short position.


Give this guy another chance X Man
  • #18,215
  • Apr 4, 2012 6:10am Apr 4, 2012 6:10am
Quoting jsr
I think I will trade only what I see, not paying attention to news and fundamentals.

Charts are telling me more dependable stories.

At this point fundamentals are noise.

I'll read forecasts, but gum is chewed, not swallowed.
This H1 chart is the reason i made that statement.

I was expecting price could go down because that was the story my charts were telling me.

1688 was never reached.

Light green channel was in charge and every target was achieved.

Now, they are acting as resistance.

The trendline at the bottom, is from Dec 29 low became a resistance too.

I think, that I think, that I think... that fundamentals are excuses for bringing the price where THEY want it to be and charts tell that story.
Attached Image (click to enlarge)
Click to Enlarge Name: xau-h1-20120404.png Size: 83 KB
  • #18,216
  • Apr 4, 2012 6:15am Apr 4, 2012 6:15am
Quoting lilpip
weekly
1715
1671
1627
will weekly lows give support in ny session?
monthly
1787
1674
1561
  • #18,217
  • Apr 4, 2012 6:51am Apr 4, 2012 6:51am
I'm long at 1626 TP1 1643 TP2 1661 SL 1623
  • #18,218
  • Apr 4, 2012 7:17am Apr 4, 2012 7:17am
Quoting fxbreeze
.....

But I do wonder if Ben is doing the same thing, curtail the flow of cash into metals.
He can only create it. Nothing he can control as to where it goes.
  • #18,219
  • Apr 4, 2012 7:55am Apr 4, 2012 7:55am
Too optimistic. Time to wait and see.
  • #18,220
  • Apr 4, 2012 7:57am Apr 4, 2012 7:57am
Looks like we are at the bottom on the weekly.

has hit the 38.2 fibo fan line.

Still in the yellow down channel.

I am expecting pretty radical move up by the end of the week or starting next week.

If it breaks below the 38.2 fib fan....we are diving into a bear market.
Attached Image (click to enlarge)
Click to Enlarge Name: xau weekly.gif Size: 28 KB
Life's a bitch....so be a dog and cover it!
147 traders viewing now