XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 919 | Metals Mine

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

  • #18,361
  • Apr 10, 2012 10:51am Apr 10, 2012 10:51am
Outside day down and still under the 18DMA (@1654). Does anyone pay attention to the CRB index when trading XAU? CRB trending down

Some telling numbers on thurs and fri. Perhaps holding in range until more direction at the end of this week.
Attached Image (click to enlarge)
Click to Enlarge Name: crb.png Size: 20 KB
I have no enemy; I make Incautiousness my Enemy.
  • #18,362
  • Apr 10, 2012 11:35am Apr 10, 2012 11:35am
Quoting ingmarforex
watching gold verry good this days looking to buy gold for move to 2500$ around here.

Reasons i see gold as a hope thing not so much qe related alweel it will help offcourse. With more unrest on the horizon people central banks buy more gold also some seasonals regarding india marriages etc comming so more demand etc.

Another thing i saw some months ago like 82% analalyst bullis on the metal. Way to much lol. Now there are becoming more bearish. also retail stepping back from gold got hurted couple of times pretty bad on good sell offs.

I...

oke got filled all now see if it plays out going for second plan alwell starting to add when whe close above the 1655.
Nobody responded so tought it might be good then lol
  • #18,363
  • Apr 10, 2012 11:43am Apr 10, 2012 11:43am
Quoting ingmarforex
.... Nobody responded so tought it might be good then lol
You shouldn't look for others approval. Decide for yourself.
  • #18,364
  • Apr 10, 2012 11:45am Apr 10, 2012 11:45am
Quoting SunTrader
You shouldn't look for others approval. Decide for yourself.
was looking for discussion but it is oke whe go to 2500 from here my stuff saying cycle low is in
  • #18,365
  • Apr 10, 2012 12:23pm Apr 10, 2012 12:23pm
Been looking into trading gold for a while, when it tanks it tends to move alot, fast. Looking at the charts for the past few months it seems to adhere well to breaking out and making a high or low, pulling back making a higher low/lower high then continuing on its direction, hmm.
  • #18,366
  • Apr 10, 2012 12:23pm Apr 10, 2012 12:23pm
It is really interesting why Silver does not move
  • #18,367
  • Apr 10, 2012 12:24pm Apr 10, 2012 12:24pm
reversal so now its an outside day up. Didnt take long either. Above 18DMA and $30+ range. Next resistance 1679 (sloping line from recent tops) and near the 38.2% fib at 1681.3.
I have no enemy; I make Incautiousness my Enemy.
  • #18,368
  • Apr 10, 2012 3:28pm Apr 10, 2012 3:28pm
Quoting eugenyk
It is really interesting why Silver does not move
Yeah...that is interesting.

My understanding is the dodd frank bill killed it....margins requirements....no leverage in USA...what else...anybody add to that?
Life's a bitch....so be a dog and cover it!
  • #18,369
  • Apr 10, 2012 4:16pm Apr 10, 2012 4:16pm
Bottom with a daily close above. Let's see if the blue line can act as support now.

That interim support line sure came in handy.
Attached Image (click to enlarge)
Click to Enlarge Name: XAU retakes channel bottom.GIF Size: 21 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,370
  • Apr 10, 2012 4:25pm Apr 10, 2012 4:25pm
it's called price suppression and manipulation.
Quoting eugenyk
It is really interesting why Silver does not move
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,371
  • Apr 10, 2012 6:23pm Apr 10, 2012 6:23pm
Quoting XTrade
it's called price suppression and manipulation.
i think so. still placed my long in silver even she is not moving north as i expected. but i'm sure she will
Price Action
  • #18,372
  • Apr 10, 2012 7:36pm Apr 10, 2012 7:36pm
I think bulls have work to do.

This H4 chart seems to validate the slope of this descending channel.
Attached Image (click to enlarge)
Click to Enlarge Name: xau-h4-20120410.png Size: 76 KB
  • #18,373
  • Apr 10, 2012 7:53pm Apr 10, 2012 7:53pm
Quoting jsr
I think bulls have work to do.

This H4 chart seems to validate the slope of this descending channel.
Nice chart you got there, Jsr


breeze
  • #18,374
  • Apr 10, 2012 8:27pm Apr 10, 2012 8:27pm
Quoting ingmarforex
was looking for discussion but it is oke whe go to 2500 from here my stuff saying cycle low is in
Better have a stop loss in place in case your cycle gets a flat before reaching $2500.

  • #18,375
  • Apr 10, 2012 8:52pm Apr 10, 2012 8:52pm
Quoting eugenyk
It is really interesting why Silver does not move
Ahh except Silver for the year so far is up 13.5% - Gold is up 6% or less than half as much.

If Gold was up that same percent it would be at $1776

So which is the one not keeping up?
  • #18,376
  • Apr 10, 2012 9:03pm Apr 10, 2012 9:03pm
On the daily.....looks like we might have a huge inverse head and shoulders if it goes down to about 1600 next few days??

Anyone see that too?
Attached Image (click to enlarge)
Click to Enlarge Name: xau daily.gif Size: 35 KB
Life's a bitch....so be a dog and cover it!
  • #18,377
  • Apr 10, 2012 9:05pm Apr 10, 2012 9:05pm
Quoting SunTrader
And today?

If Gold jewelry buying in India yesterday had an impact whatsoever it sure was a one day event.
Maybe they heard me, silver under $32 and gold is up

1985 to 2002 Silver's average price was around $5
Gold's average price for the same period $300 - $350

The market should line them up as gold and silver, both have the same uses, one is still used as a reserve, the other is not so.....
  • #18,378
  • Apr 11, 2012 8:31am Apr 11, 2012 8:31am
(RTTNews) - The dollar was generally weaker Wednesday morning in New York, as the Federal Reserve prepared to release its Beige Book, a compilation of anecdotal evidence on economic conditions from each of the 12 Federal Reserve districts.
Traders will be looking for clues about the whether the Fed will conduct further asset purchase programs in support of the nation's economy. The report is out at 2 pm ET.

http://www.rttnews.com/1858064/dolla...pe=fts&Node=B3
I have no enemy; I make Incautiousness my Enemy.
  • #18,379
  • Apr 11, 2012 8:41am Apr 11, 2012 8:41am
we are above 55 into 1661 at current.

fx plans - short swissy

long - cable, aud, kiwi, eur.

possible short u/cad
Quoting ingmarforex
oke got filled all now see if it plays out going for second plan alwell starting to add when whe close above the 1655.
Nobody responded so tought it might be good then lol
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,380
  • Apr 11, 2012 9:37am Apr 11, 2012 9:37am
He owns a shitload of gold and silver don't let him fool you.

Quoting dogbreath
You can't believe anything he says....he is one of the elite puppets....in fact anything he says is more likely "double speak" (1984)....the opposite of what he says.
He is the one who's railroad is benefiting from no keystone pipeline....gee....wonder if it was all those contributions to obummers campaigns.

He is not to be trusted in my humble opinion....although I guess it is not that humble
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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