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

  • #19,841
  • Jul 11, 2012 12:45am Jul 11, 2012 12:45am
Quoting XTrade
Draw some lines on these and you will see what I mean.

http://www.kitco.com/LFgif/au00-pres.gif

Thanks a lot.
  • #19,842
  • Jul 11, 2012 2:17am Jul 11, 2012 2:17am
Gold Staging comeback as we speak.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,843
  • Jul 11, 2012 2:54am Jul 11, 2012 2:54am
GC Daily - still in the wedge.....

http://www.screencast.com/t/SJs2DEZoSoXV

beeb
  • #19,844
  • Jul 11, 2012 3:00am Jul 11, 2012 3:00am
Quoting beeb
GC Daily - still in the wedge.....

http://www.screencast.com/t/SJs2DEZoSoXV

beeb

Can we Consider Triangle also??
Thanks.
  • #19,845
  • Jul 11, 2012 5:01am Jul 11, 2012 5:01am
Quoting Nawas
Can we Consider Triangle also??
Thanks.

You have my permission to call it whatever you want

It's the pattern not the name that is important.

beeb
  • #19,846
  • Jul 11, 2012 5:54am Jul 11, 2012 5:54am
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
Ahead of FOMC Meeting Minutes I would like to share something with you ...

Inserted Video
  • #19,847
  • Jul 11, 2012 7:31am Jul 11, 2012 7:31am
Quoting XTrade
Sun that is CME - I am going by FX factory, unless I transposed the sign that's what it said.

........

All CME is is the Gold Pit in Chicago. U know that though..
X

CME is aggregated globex and pit volume. And it is the standard imo.

All the others are for the most part unobtainable for all but the biggest of traders.

Also the XAU Gold/Silver Miners index confirms what the CME shows.

I can post a chart if you like.
  • #19,848
  • Jul 11, 2012 8:27am Jul 11, 2012 8:27am
No need. I agree with you that it is the standard, I was just trying to add some other factors that affect what happen to Gold in the Global sense, ie: the London Bullion Market.

Quoting SunTrader
X

CME is aggregated globex and pit volume. And it is the standard imo.

All the others are for the most part unobtainable for all but the biggest of traders.

Also the XAU Gold/Silver Miners index confirms what the CME shows.

I can post a chart if you like.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,849
  • Jul 11, 2012 11:00pm Jul 11, 2012 11:00pm
Looks like gold is going to make another attempt at breaking the 50 Hour SMA.


Let's seeeeeeeeeeeeeeeeee where she get's manipulated tonight.

xt
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,850
  • Jul 12, 2012 1:33am Jul 12, 2012 1:33am

"Quiet Market" Leaves Gold Prices "Non Directional", Spain Bailout "May Hit Retail Investors"


Quote
Analysis | Commodity Market Commentaries | Written by BullionVault | Wed Jul 11 12 08:48 ET

Following sharp falls in Tuesday's US session, Gold Prices regained some lost ground Wednesday morning, climbing as high as $1583 per ounce in early London trading, while stocks and commodities were broadly flat and US Treasuries dipped...........
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,851
  • Jul 12, 2012 4:22am Jul 12, 2012 4:22am
Hi guys,i think it almost a year gold in bear direction..what do you think guy?where is bottom of gold and silver..?
  • #19,852
  • Jul 12, 2012 4:33am Jul 12, 2012 4:33am
Quoting kamen
Hi guys,i think it almost a year gold in bear direction..what do you think guy?where is bottom of gold and silver..?

Like, 700. Where it was around Dec 08.
Play the players, not the cards.
  • #19,853
  • Jul 12, 2012 6:59am Jul 12, 2012 6:59am
Market certainly seems to be sliding south slowly....

Some of the recent attempts north have been rejected.

There is a saying that the summer is the doldrums for Gold and Silver and nothing much happens. People are on vacation etc.

Yet, it is inconsistent. This however certainly seems to be one of those summers.

The entire FX market is shifting Towards the USD at the moment. Why? I am not quite sure.

Quoting kamen
Hi guys,i think it almost a year gold in bear direction..what do you think guy?where is bottom of gold and silver..?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,854
  • Jul 12, 2012 7:00am Jul 12, 2012 7:00am
Made new demo to simulate trading smaller amounts of Gold such as micro and mini lots. I figured there are many here that do so.

No trades closed yet.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,855
  • Jul 12, 2012 7:02am Jul 12, 2012 7:02am
Also the direction on the weekly is more sideways than specifically bearish.

2 people may interpret this in different ways yet it is what it is.


Quoting kamen
Hi guys,i think it almost a year gold in bear direction..what do you think guy?where is bottom of gold and silver..?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,856
  • Jul 12, 2012 7:18am Jul 12, 2012 7:18am
I'm hoping it will head north pretty soon . . . .
Attached Image (click to enlarge)
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Education has its reward, ignorance has its price.
  • #19,857
  • Jul 12, 2012 7:36am Jul 12, 2012 7:36am
OK GREAT! The new demo is up and running and I closed a trade just so you can see the action.

Now I want to point out that on today's little morning dip I bought gold and the price immediately fell, (to get account cooking) now the point here is on this little dip 2 micro lots trade or 2000$ worth of Gold/USD the account is already losing 10 USD.

I wanted to make the account a 1000 USD account but again due to my leverage constraints ->NO LEVERAGE<- I need the balance to be 10,000 at least just to put on a few measly micros!....


OKK so I also am mimicking an options trade called a straddle where I have bought and sold silver at basically the same price and will attempt to profit on the long and the short side of the trade. Some of you may call this a hedge.


While writing gold is now losing me on 3 micro lots 18 USD

Thus you can see my rules of thumb for trading what size position with what size equity or avail margin.

You lose a bunch of 50 USD trades on a 1k account and before you know it the hole is down to 600 USD left and you are now stuck in a rut with less equity allowing smaller trades and it is harder to make your money back!

If you guys want I will add a 1k currency demo to the thread as well.

Please participate if you like. For instance if you want me to set an order or buy by market and add a stop or tp on gold or silver JUST SAY SO!!!!!!!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,858
  • Jul 12, 2012 7:39am Jul 12, 2012 7:39am
Looks like some small demand in the 1550 zone...

Who has a good volume indicator for MT4 they can share. I lost mine when I updated platforms
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,859
  • Jul 12, 2012 7:39am Jul 12, 2012 7:39am
Next up - let's see what's on today's new's rack and what the commentators are buzzing about.....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,860
  • Jul 12, 2012 7:41am Jul 12, 2012 7:41am
Actually what can boost gold price?inflation or deflation..seriously this market make me really confuse right now..
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