XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1198 | Metals Mine

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

  • #23,941
  • Jul 17, 2013 2:09pm Jul 17, 2013 2:09pm
1278.70 buy gold
  • #23,942
  • Jul 17, 2013 2:32pm Jul 17, 2013 2:32pm
guys,what do you think about gold price whether it will go up or down from1275??i have bought gold at 1285,now what should i do??wait or cut my trades??
  • #23,943
  • Jul 17, 2013 2:56pm Jul 17, 2013 2:56pm
Quoting muhammad1
guys,what do you think about gold price whether it will go up or down from1275??i have bought gold at 1285,now what should i do??wait or cut my trades??
can handle so that it passes above your stop order puts at cost in case if it falls so not lose or win only paid a commission of your plantaforma.
  • #23,944
  • Jul 17, 2013 3:06pm Jul 17, 2013 3:06pm
my view would be a test of the lower descending TL!
Bearish engulfing on daily so far.

Disclaimer:
1. Oanda has a different rollover time for daily candles.
2. I donīt trade virtual Gold, i just care about charts as i try to buy physical in dips!
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just do it
  • #23,945
  • Jul 17, 2013 8:04pm Jul 17, 2013 8:04pm
As expected, no change in channel XAU is ranging in. Possible big change coming as volatility is increasing slightly, maybe today's update
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  • #23,946
  • Jul 17, 2013 8:18pm Jul 17, 2013 8:18pm
I'd say more than a slight pickup in volatility today (Weds).

Daily bar was widest range of the last 5 days, an outside bar engulfing yesterday with over a 100,000 more contracts traded, 159k vs 270k.
  • #23,947
  • Jul 18, 2013 2:11am Jul 18, 2013 2:11am
Gold sold off nicely from Resistance zone. Now back on support zone.
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  • #23,948
  • Jul 18, 2013 2:57am Jul 18, 2013 2:57am
yesterday immediately ,I got out from buy position gold with profit ,then urgently inter to sell ,
to see what will be happen today......,
For gold short trading ,you should be flexible.,All the best....
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  • #23,949
  • Jul 18, 2013 5:08am Jul 18, 2013 5:08am
For the past 22 days, silver had been locked on range between 18.40 and 20.10 having retested the upper barrier
several times already. The zone around 20.10 acted as a resistance since the open of the week, and after Bernanke's testimony yesterday, the PM showed a massive drop with the Daily candle clearing 5 days of Price action and closing as a bearish engulfing bar. This may be the initial indication of the resumption of the predominant bear trend. For now 18.00 is the next realistic target and is broken, then we may see the metal resume to the 2008 levels.
For now I will be short till 18.40.
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Danny
  • #23,950
  • Jul 18, 2013 7:02am Jul 18, 2013 7:02am
Quoting Danny Maina
For the past 22 days, silver had been locked on range between 18.40 and 20.10 having retested ........
Agree and good analysis.
  • #23,951
  • Jul 18, 2013 8:33am Jul 18, 2013 8:33am
I am long from 1244 and 1270.

Weekly RSI breakout.

Target is 1420

p.s. Nice bear trap set yesterday
Trade with what you see, not what you feel.
  • #23,952
  • Jul 18, 2013 10:21am Jul 18, 2013 10:21am
Quoting Basement
I am long from 1244 and 1270. Weekly RSI breakout. Target is 1420 p.s. Nice bear trap set yesterday
Got a chart?
i miss wave 5?
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just do it
  • #23,953
  • Jul 18, 2013 10:36am Jul 18, 2013 10:36am
Quoting SunTrader
{quote} Oh really. Have you seen dollar lately especially against a big gold buyer country India and their rupee? And so many other factors besides maaaaaa nipulation.
I have little doubts there is manipulation. It does help to move price lower, but it's not the only cause.
Fundamentals don't matter for the gold market.
  • #23,954
  • Jul 18, 2013 2:08pm Jul 18, 2013 2:08pm
Closed Longs at 1286.5, profit banked.

Currently Short at 1285.8 for the possibility a retrace before the next big move up.

Short Target = 1254

Will go long again at circa 1254 with a target of 1420.
Trade with what you see, not what you feel.
  • #23,955
  • Jul 18, 2013 4:11pm Jul 18, 2013 4:11pm
Quoting heartless
I have little doubts there is manipulation.
......
Fundamentals don't matter for the gold market.
How about back two years ago when it was going thru the roof.

No maaaaa nipulation there.

Fundamentals matter in every market. You need to look at all of them, not just the ones the permabulls like to point to to justify their call.
  • #23,956
  • Jul 18, 2013 4:14pm Jul 18, 2013 4:14pm
Quoting Basement
Closed Longs at 1286.5, profit banked.....
What happened to Weekly RSI breakout?

Which BTW what breakout. I see currently a reading of around 30 after last week ended around 21.

Were you anticipating the end of week reading ........ before the end of week.
  • #23,957
  • Jul 18, 2013 4:36pm Jul 18, 2013 4:36pm
It's still there as far as I can see.

My short is a short term trade only, and i wanted to bank the profit from my Longs since i missed out on the 1300 test opportunity.
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Trade with what you see, not what you feel.
  • #23,958
  • Jul 19, 2013 1:39am Jul 19, 2013 1:39am
Gold back on Resistance zone. Yesterday the support zone held again. Range mode expected.
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  • #23,959
  • Jul 19, 2013 2:22am Jul 19, 2013 2:22am
Quoting SunTrader
{quote} How about back two years ago when it was going thru the roof. No maaaaa nipulation there. Fundamentals matter in every market. You need to look at all of them, not just the ones the permabulls like to point to to justify their call.
I was not trading gold or anything 2 years ago so I don't know.
  • #23,960
  • Jul 20, 2013 10:23am Jul 20, 2013 10:23am
I think recent support (Apr'13) $1320 is now resistance, boll band is tightening and Gann level around $1346 will be formidable obstacles to get through:
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