XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1023 | 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

  • #20,441
  • Aug 22, 2012 9:18pm Aug 22, 2012 9:18pm
just a simple chart
silver
Attached Image (click to enlarge)
Click to Enlarge Name: xag_usd_daily.jpg Size: 62 KB
  • #20,442
  • Aug 22, 2012 9:23pm Aug 22, 2012 9:23pm
possible EW count.
silver
Attached Image (click to enlarge)
Click to Enlarge Name: xag_usd_daily2.jpg Size: 55 KB
  • #20,443
  • Aug 22, 2012 11:06pm Aug 22, 2012 11:06pm
I KNEW THE THICK SKIN WOULD PROVE TRUE!!! A budding Gold trader in the making! Welcome back.

You are probably the only one to receive such a welcome!

Quoting Zappa
Alright, guys...XTrade, beebs, MuscledMike, all is good now. I appreciate the apologies and I can respect that a full explanation is desired along with every call in this thread. It was my fault in the first place.

As for gold....looks good up to 1761 where the real break occurred. Everything else until then has been tested already. I'd see how it developes on the way up to 1761 before taking any short there. Probably would be best just to wait for a pullback at that point and look to buy at a lower price.

I should add, we might see some...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,444
  • Aug 22, 2012 11:09pm Aug 22, 2012 11:09pm
GASKET BLOWN!!!!!!!!!!!!!!

Live chart..

Where are we now?? This has been a 3000 + pip week.

http://www.kitco.com/images/live/gold.gif
Quoting XTrade
Here we are now, new high made again, 45 should blow it's gasket soon.

support at 35 -- live chart refreshes throughout the day.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,445
  • Aug 22, 2012 11:18pm Aug 22, 2012 11:18pm
is that not them hyping up gold? Or you think it is going to reach 1761 now, without retrace below 1650 ?
VB

Quoting Zappa
Alright, guys...XTrade, beebs, MuscledMike, all is good now. I appreciate the apologies and I can respect that a full explanation is desired along with every call in this thread. It was my fault in the first place.

As for gold....looks good up to 1761 where the real break occurred. Everything else until then has been tested already. I'd see how it developes on the way up to 1761 before taking any short there. Probably would be best just to wait for a pullback at that point and look to buy at a lower price.

I should add, we might see some near-term...
  • #20,446
  • Aug 22, 2012 11:54pm Aug 22, 2012 11:54pm
wait n see
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.jpg Size: 36 KB
  • #20,447
  • Aug 23, 2012 12:21am Aug 23, 2012 12:21am
I beleive there is a strong resistance at 30.40 level for Silver. Can the price move down from here. Can it go till 29.60. What do you guys think.
Xtrader and Beeb. Please put foward your analysis.
  • #20,448
  • Aug 23, 2012 12:33am Aug 23, 2012 12:33am
The longer term target is 2100.

forget, 1700's they are not of much resistance, it's 1850 and 1920 we need to worry about.


Quoting Vikingbarde
is that not them hyping up gold? Or you think it is going to reach 1761 now, without retrace below 1650 ?
VB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,449
  • Aug 23, 2012 12:37am Aug 23, 2012 12:37am
When the price swings you will have dollar moves on silver, you are pointing out a decline in the exact 1.00 USD mark.

Now, without any news catalyst I do not see such a move happening,

Yes, after up --------we can retrace down, yet as said just before, without a market moving catalyst, silver will NOT drop 1 USD in a day. ESPECIALLY in this thin market.


Maybe in september the swings will be one and two and FIVE again. Not yet. hang tight, buy dips.

Quoting Paras4you
I beleive there is a strong resistance at 30.40 level for Silver. Can the price move down from here. Can it go till 29.60. What do you guys think.
Xtrader and Beeb. Please put foward your analysis.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,450
  • Aug 23, 2012 12:40am Aug 23, 2012 12:40am
1664! WHAT!!!!!!!!!!
GOLD

http://www.kitco.com/images/live/gold.gif

SILVER

http://www.kitco.com/images/live/silver.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,451
  • Aug 23, 2012 12:42am Aug 23, 2012 12:42am
NOTICE the Price action in the grey area of the charts.

Completely changed now that stops are popped
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,452
  • Aug 23, 2012 12:45am Aug 23, 2012 12:45am
Fvck, shoulda bought more physical at 26 and 1550
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,453
  • Aug 23, 2012 12:56am Aug 23, 2012 12:56am
Possible resistance between 1665-75

Chart below.

Position trading loooking at 1775 to unload a bit.

Notice the 50 DAY SMA turning from resistance to support!
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 7.png Size: 50 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,454
  • Aug 23, 2012 1:04am Aug 23, 2012 1:04am
Z-

The short in that area 1760, will on prove fleeting, as you have said below, better off to (add) double up-- and go long on the dip for a test of 1800/50

Now you are getting it mate!

Quoting Zappa
Alright, guys...XTrade, beebs, MuscledMike, all is good now. I appreciate the apologies and I can respect that a full explanation is desired along with every call in this thread. It was my fault in the first place.

As for gold....looks good up to 1761 where the real break occurred. Everything else until then has been tested already. I'd see how it developes on the way up to 1761 before taking any short there. Probably would be best just to wait for a pullback at that point and look to buy at a lower price.

I should add, we might see some...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,455
  • Aug 23, 2012 1:22am Aug 23, 2012 1:22am
Quoting XTrade
1664! WHAT!!!!!!!!!!
GOLD

http://www.kitco.com/images/live/gold.gif

SILVER

http://www.kitco.com/images/live/silver.gif
Lol, the strength has just started. The XME should explode sometime soon, cause the sellers before yesterday failed to send prices lower and were met by buying yesterday! I expect a super breakout soon in the XME and my trade in FCX also looks pretty good at this point. SLW still riping the hell out of everything with the GDX which is set to blow past resistance at 48.50. Gj on your trades X! Things should start getting interesting now after weeks of waiting.
  • #20,456
  • Aug 23, 2012 2:16am Aug 23, 2012 2:16am
Hi all thanks to the OP for starting this thread, I have been lurking here for a while and this will be my 1st post in this thread. This is a nice thread, thanks for keeping out the bad eggs.

I took this trade because:

1) It broke the weekly trendline
2) There is a high likelihood of a war with Iran(Iran vs NATO) this coming few months and that will guarantee the closing of the straight of Hormus. If oil goes through the roof, chances are gold will too.
3) Somehow some big shot traders have been loading on gold recently. (eg. Rothchilds, Soros)

PS: I come from the rank of scalpers and trend followers, so this is my 1st long term trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 7157599 Interbank FX Trader 4 - Demo Account - [XAUUSD,Weekly]_2012-08-23_15-08-06.jpg Size: 98 KB
Riding the order flow
  • #20,457
  • Aug 23, 2012 2:18am Aug 23, 2012 2:18am
Yes Split my brother they will!!! -- Nope no where to go for the shorts.....

This really is just the beginning, I'm going to coin shop this weekend without a doubt.


Quoting split_unit
Lol, the strength has just started. The XME should explode sometime soon, cause the sellers before yesterday failed to send prices lower and were met by buying yesterday! I expect a super breakout soon in the XME and my trade in FCX also looks pretty good at this point. SLW still riping the hell out of everything with the GDX which is set to blow past resistance at 48.50. Gj on your trades X! Things should start getting interesting now after weeks of waiting.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,458
  • Aug 23, 2012 2:19am Aug 23, 2012 2:19am
WELCOME!!!!!!!!

Great post!''
Quoting Binyamin
Hi all thanks to the OP for starting this thread, I have been lurking here for a while and this will be my 1st post in this thread. This is a nice thread, thanks for keeping out the bad eggs.

I took this trade because:

1) It broke the weekly trendline
2) There is a high likelihood of a war with Iran(Iran vs NATO) this coming few months and that will guarantee the closing of the straight of Hormus. If oil goes through the roof, chances are gold will too.
3) Somehow some big shot traders have been loading on gold recently. (eg. Rothchilds,...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,459
  • Aug 23, 2012 2:22am Aug 23, 2012 2:22am
New live chart for a new page,

She want's to take out 70

http://www.kitco.com/images/live/gold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,460
  • Aug 23, 2012 2:53am Aug 23, 2012 2:53am
Where we close the week will be v important IMHO. It's not so much the breach of resistance that I'm looking for as opposed to where support manifests itself on any retracement....

beeb
122 traders viewing now