XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1212 | Metals Mine

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

  • #24,221
  • Jul 30, 2013 8:13pm Jul 30, 2013 8:13pm
Quoting Bo_fajer
Damn silver make me worry {image}
I believe your concern is warranted. Silver holds the key to understanding the next direction Gold will take -
since Silver is a proxy on the world economy. One of many.
  • #24,222
  • Jul 30, 2013 8:47pm Jul 30, 2013 8:47pm
Quoting SunTrader
{quote} I believe your concern is warranted. Silver holds the key to understanding the next direction Gold will take - since Silver is a proxy on the world economy. One of many.

Good insight... I didn't know that.

I like great posts like that, that can add to my insight!
Luck has no place in trading. Leave that for the poker table.
  • #24,223
  • Jul 30, 2013 8:51pm Jul 30, 2013 8:51pm
Quoting Pair-me-up
Bulls need to make a strong move past resistance at 1328.80 to get to the next level(s) above.
Looks like 13.28.80 has been taken out. If price action continues like this..... well.... looks like 1350 might be broken today. Time will tell. We still have the DP Non-Farm Employment Change tonight from New York.
Luck has no place in trading. Leave that for the poker table.
  • #24,224
  • Jul 31, 2013 7:22am Jul 31, 2013 7:22am
Well looks like the ADP Non-Farm Employment Change was quite strong. So gold is getting crushed for the moment. Good think I took my cash off the table before this report came out. There are some big events on the economic calendar that are making things a bit risky this week.

Safe trading.
Luck has no place in trading. Leave that for the poker table.
  • #24,225
  • Jul 31, 2013 10:07am Jul 31, 2013 10:07am
gold chart still perfect

on the other hand silver is annoying lol
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: SILVER.png Size: 123 KB
  • #24,226
  • Jul 31, 2013 11:10am Jul 31, 2013 11:10am
Alright... I am flat for now.. not gonna stay up all night for the FOMC meeting stuff.

Gold dropped more than 30 dollars today. The bulls seem very quiet.
Luck has no place in trading. Leave that for the poker table.
  • #24,227
  • Jul 31, 2013 12:39pm Jul 31, 2013 12:39pm
Hi all,
As I had mentioned gold between 1308-1350 shall be range till 31 July.
I think after FOMC statement that in next half and hour will be declare ,market bullish round 1370 till 2 August.
I buy 1309 with 150 pip SL .
this is my view but every thing may be wrong.
  • #24,228
  • Jul 31, 2013 4:12pm Jul 31, 2013 4:12pm
I'm in long @ 1307.5

Attached Image (click to enlarge)
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Looked good for an hour then bearish for the next hour. We'll see what happens??
Whats it all about anyway?
  • #24,229
  • Jul 31, 2013 7:20pm Jul 31, 2013 7:20pm
Looks my idea working fine till now i have my stop loss @1280
i'll wait for it to advance more before i move up my stop loss to make sure
  • #24,230
  • Jul 31, 2013 8:16pm Jul 31, 2013 8:16pm
I have a quetion

now that AUD/USD below .9000 now .8960

don't affect gold ??!!
  • #24,231
  • Aug 1, 2013 5:34am Aug 1, 2013 5:34am
at the cross roads ......strong resistance, will it breakout the support or travel up the channel ?
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  • #24,232
  • Aug 1, 2013 8:15am Aug 1, 2013 8:15am
i m new here. already uploaded by my mate. its my long term view.. just experiment it. no positions....
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  • #24,233
  • Aug 1, 2013 8:18am Aug 1, 2013 8:18am
gold chart
rsi suggest another test on 1315-1310
i still feel its good to buy unless break 1290-1285 i have my stop loss below i case if its fake


silver chart not good
i can easy sell silver with this chart and go to 18.00
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD.png Size: 125 KB
Click to Enlarge Name: SILVER.png Size: 199 KB
  • #24,234
  • Aug 1, 2013 9:43am Aug 1, 2013 9:43am
daily silver

the more angles i see it more bearish i get
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  • #24,235
  • Aug 1, 2013 10:28am Aug 1, 2013 10:28am
Quoting Bo_fajer
daily silver the more angles i see it more bearish i get {image}

the reason people are bearish on the metals is mostly due to the fact that they cant get a perspective for their true value on a linear chart.

here is a logarithmic chart of silver.

this is so ridiculously bullish its not even funny (long term value). its a 100% serious matter, huge profits are to be made in the future.

i have an active long from 19.50, buy limit at 17.50 and 15.50...

long term stuff.
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Be hopeful in a winning position, and fearful in a losing position.
  • #24,236
  • Aug 1, 2013 10:30am Aug 1, 2013 10:30am
Quoting Bo_fajer
gold chart rsi suggest another test on 1315-1310 i still feel its good to buy unless break 1290-1285 i have my stop loss below i case if its fake silver chart not good i can easy sell silver with this chart and go to 18.00
Why would you consider Gold bullish worthy of a buy while thinking Silver is bearish and a short?

For the most part they move in tandem, only the degree varies.

BTW no big news to those who have seen my posts for a good long while I am still bearish on both. They are both still in corrective mode with lower lows more than likely to come.
  • #24,237
  • Aug 1, 2013 11:15am Aug 1, 2013 11:15am
Quoting SunTrader
{quote} Why would you consider Gold bullish worthy of a buy while thinking Silver is bearish and a short? For the most part they move in tandem, only the degree varies. BTW no big news to those who have seen my posts for a good long while I am still bearish on both. They are both still in corrective mode with lower lows more than likely to come.

Well there is times when i saw gold advance with astrong bull move

while silver went down with a big move

For me i didnt buy or sell silver

but i did buy gold with a stoploss
  • #24,238
  • Aug 1, 2013 12:45pm Aug 1, 2013 12:45pm
Quoting Rag2RichesFX
{quote} the reason people are bearish on the metals is mostly due to the fact that they cant get a perspective for their true value on a linear chart. here is a logarithmic chart of silver. this is so ridiculously bullish its not even funny (long term value). its a 100% serious matter, huge profits are to be made in the future. i have an active long from 19.50, buy limit at 17.50 and 15.50... long term stuff. {image}

care to elaborate further on the usefulness of logarithmic charts, how accurate can it get ?

would also like to see similar a chart for Gold , thanks .
  • #24,239
  • Aug 1, 2013 12:47pm Aug 1, 2013 12:47pm
Quoting Bo_fajer
Well there is times when i saw gold advance with astrong bull move while silver went down with a big move
....
When?
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  • #24,240
  • Edited 1:03pm Aug 1, 2013 12:50pm | Edited 1:03pm
what pigeon will fly in to tip the balance either way ?

a mini bearish descending triangle and a weak macd ?
Attached Image
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