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

  • #28,841
  • Nov 25, 2013 9:06am Nov 25, 2013 9:06am
Yeah GEMY post please u were correct! And if u could please write when you enter buy/sell
Thanks! :*
  • #28,842
  • Nov 25, 2013 9:06am Nov 25, 2013 9:06am
Gemy, what is your opinion now about Gold, whether it will touch 1250 or take bearish trend.
  • #28,843
  • Nov 25, 2013 9:12am Nov 25, 2013 9:12am
Quoting hamidshah.pk
Gemy, what is your opinion now about Gold, whether it will touch 1250 or take bearish trend.

my friend , give me some time to find out the preice reaction @ 1238 then will give u a direction ... good luck for now just wait and monitor the trend for 30 minutes
  • #28,844
  • Nov 25, 2013 9:13am Nov 25, 2013 9:13am
Quoting hamidshah.pk
Gemy, what is your opinion now about Gold, whether it will touch 1250 or take bearish trend.

now not sure but will not touch 1250 today , 30 minutes will confirm my view and share it with u guys
  • #28,845
  • Nov 25, 2013 9:14am Nov 25, 2013 9:14am
Quoting Kubiasty
Yeah GEMY post please u were correct! And if u could please write when you enter buy/sell Thanks! :*

appreciated your support bro
  • #28,846
  • Nov 25, 2013 9:23am Nov 25, 2013 9:23am
waiting for 1235 to buy , targeting 1245 or higher
  • #28,847
  • Nov 25, 2013 9:26am Nov 25, 2013 9:26am
Quoting gemy
{quote} now not sure but will not touch 1250 today , 30 minutes will confirm my view and share it with u guys
Thanks dear. Today i was about to short Gold at 1235 but after reading ur post i lifted it to 1242. Thanks for ur good analysis.
  • #28,848
  • Nov 25, 2013 9:30am Nov 25, 2013 9:30am
Quoting gemy
waiting for 1235 to buy , targeting 1245 or higher
Fully respect for today . Wish u all good
  • #28,849
  • Nov 25, 2013 9:32am Nov 25, 2013 9:32am
Quoting LaLinea
{quote} Fully respect for today . Wish u all good

thanks lalinea
  • #28,850
  • Nov 25, 2013 9:39am Nov 25, 2013 9:39am
Quoting gemy
waiting for 1235 to buy , targeting 1245 or higher
Close above 1243,we will have a hammer candle.sign of reverse?
  • #28,851
  • Nov 25, 2013 9:44am Nov 25, 2013 9:44am
Quoting gemy
{quote} thanks lalinea
U write down exactly right number !! I'm surprised . I'll not going to ask how to do that but I would like to thank you . Keep going mate with your analyses.
  • #28,852
  • Nov 25, 2013 10:04am Nov 25, 2013 10:04am
the range until tomorrow night will be between 1233 : 1250
  • #28,853
  • Nov 25, 2013 10:40am Nov 25, 2013 10:40am
Quoting TheArcher
(tongue in cheek ) wonder what The Rhodie'e $6million Quantum Mechanics based software's forecast is ? it will add a breath of fresh air in here ! ... all I see (maybe be mistaken) is FA based . ------------------ wonder what the words Rhodie and Thodie mean , if any ? (cheeky )
My opinion on direction is that here we want to see gold hold the current range and trend down gently over time to 680. Rhodie is short for Rhodesian.
You win, you lose. All else is history. The future does not exist.
  • #28,854
  • Nov 25, 2013 10:41am Nov 25, 2013 10:41am
If gold gets excited and viscious, then expect troubled economic times ahead that make 2008 drops look like drips in an ocean.
You win, you lose. All else is history. The future does not exist.
  • #28,855
  • Nov 25, 2013 10:57am Nov 25, 2013 10:57am
Quoting The Rhodie
{quote} My opinion on direction is that here we want to see gold hold the current range and trend down gently over time to 680. Rhodie is short for Rhodesian.
thodie does not mean anything...
just do it
  • #28,856
  • Nov 25, 2013 11:30am Nov 25, 2013 11:30am
Quoting chill085
{quote} I think it is but someone else may think it is useless. The level is normally 38.2 but I seen someone using 40% and it seems to be ok. ...
38.2% rounded to 40% does not make it "ok". It makes it inaccurate. Fib levels are ratios and changing the calculated method means it is no longer a fib level but a coincidence: a co-incidental meeting without historical reference. Fib levels are fixed mathematically and not rounded. They should be as accurate as possible.
1+1+2+3+5+8+13+21+34+55 ad infinitum. You cannot suddenly round 3 to 5 for convenience as it is then the next level up the scale. 4 would be sub-structure 50% frame of 3 and 5 in that example. Is that a fib level, yes. Should it be used on the superstructure measurement? No, unless it references the superstructure from the sub-structure and you are looking at the subsructure in particular for timings.

To use fib levels for analysis means you should have a strong fundamental understanding of their place in nature and pattern recognition skill or you are setting yourself up for failure before you begin to use them correctly. I don't know everything, but I like to imagine that I am pretty good with this area in particular. If I'm wrong, then I will admit to it. There is a very strong case for the cuclical natures of the market. Yes I intended the plural of natures as the markets have a character and different natures almost like schizophrenia. It's not always what you think it is, it's changed to another nature when you were watching the wrong time-frame...
You win, you lose. All else is history. The future does not exist.
  • #28,857
  • Nov 25, 2013 11:57am Nov 25, 2013 11:57am
Thought that yuou might like to read something about hyperinflation and corruption results (prices are USD values)

It’s not just the first, fierce rain storm that’s aroused Zimbabwe’s attention this week. In an ever growing political storm there are incessant reports of infighting within Zanu PF as the succession race reaches fever pitch; we hear of death threats and plots, of rigging and fraud in their provincial party elections.
Meanwhile Zanu PF’s ability to stabilize and expand the economy grow ever shakier. ZBC employees haven’t been paid for five months, MP’s and Senators haven’t been paid since they took office in August and the government owes a year’s worth of school fees for the thousands of disadvantaged children on their BEAM education assistance programme. We are waiting to hear the result of the National Railways of Zimbabwe’s request to retrench six thousand of their workers, representing a staggering 86% of their workforce. Amidst this sorry situation comes news that Zanu PF are undertaking to raise three million US dollars , not to relieve distressed companies or assist retrenched employees, but to host their party’s annual congress.
Their fund raising programme includes a dinner where tables range in price from US$100,000 to $20,000 with ‘general’ tables costing a measly US$2,000.
23rd November 2013.
Copyright Cathy Buckle. www.cathybuckle.com <http://www.cathybuckle.com/>

For information on my latest book: “CAN YOU HEAR THE DRUMS,” or my other books about Zimbabwe: “Innocent Victims,” “African Tears,” “Beyond Tears” and “IMIRE,” or to subscribe/unsubscribe to this letter, please visit my website or contact [email protected] <mailto:[email protected]>
You win, you lose. All else is history. The future does not exist.
  • #28,858
  • Nov 25, 2013 12:00pm Nov 25, 2013 12:00pm
Quoting The Rhodie
{quote} 38.2% rounded to 40% does not make it "ok". It makes it inaccurate. Fib levels are ratios and changing the calculated method means it is no longer a fib level but a coincidence: a co-incidental meeting without historical reference. Fib levels are fixed mathematically and not rounded. They should be as accurate as possible. 1+1+2+3+5+8+13+21+34+55 ad infinitum. You cannot suddenly round 3 to 5 for convenience as it is then the next level up the scale. 4 would be sub-structure 50% frame of 3 and 5 in that example. Is that a fib level, yes....
I know 40% is not a true Fib level but for me it works better than 38.2
It is easier for people to know what I am talking about if I say fib level rather that percentage retracement level.
  • #28,859
  • Nov 25, 2013 3:31pm Nov 25, 2013 3:31pm
Great to see you guys posting, needed a day off.

So who new... As I had mentioned in prior post the BULLS ARE NOT GOING TO GIVE UP SHIP HERE>

this is beginning more and more to look like a short trap to me.

There are people that ride as I have with low leverage, 100 and 200 USD MOVEMENTS, in Price, to take a long term trade with a TP of 500 USD move or exceeding that.

so - here we are, a new low in, DAMN- didn't make it to the coin shop today! - with silver sub 20 - GOOD BUY!

In any case. It seems again, the low was accepted, then rejected, I would venture to imagine

PART OF THIS RISE was from SHORTS GETTING STOPPED OUT.

With lower desks manned = less open interest = larger swings = GREAT DAY TRADING.

To ensure fill I set my order for 1234. With some to hold as this is a discount price, then we moved over 20 USD today from the low 30 to 50!

It is going to remain a push pull like this. Shorts, obviously do not yet have the strength to push the price through 1200 yet,

Yet, the longs, are willing and waiting, to buy and hold at a discount.

KEEP IN MIND THE PHYSICAL MARKET IS MOST ATTACHED TO THE SPOT PRICE,

Charts.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,860
  • Nov 25, 2013 3:43pm Nov 25, 2013 3:43pm
warnings to short positions..
good luck!
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