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

Not see the bottom yet.

No? Gold will not hit $0.00. That is the bottom. What you will see is support for greater prices and wider price ranges. What you will not see is a sub $100 price in your lifetime. Those days are gone from this generation. What you will see is a $2000 price tag. The only question is whether we will all still be trading when that happens...

Here is an update from the bubble trends. What can you see from the current view? It looks like everything is as should bee for a bull run, but has gold bottomed? Not likely, but there is no bottom to be seeking, just a level of support that becomes apparent over time. The market keeps returning to that level very hopefully and in vain leaves it for a time as economic forces dictate that it must.

Gold is not an island refuge from economic storms and unless you can predict the outcome of such a storm, then you would be hard pressed to predict movement in gold prices. You seasoned traders know this and take note. The others have failed already and just don't realise it yet. This is the reason that 98% of traders do not succeed beyond 2 years successfully.

960 and below, that is the bottom.

if i am qualified to give a trade call, i will ask everyone here to buy and TP at 1250. but i am not. i am also not qualified to suggest that gold shall then continue its southward journey to 1138. i only have picture.

My personal view on Gold...



Will look for long at 1230 area.

Yes, I found the same problem, weird (I think it is a license problem with Devexpress) . Since it is the old beta which is quite different from my current version, I delete the old beta from SourceForge and will upload the new version asap.

THANK YOU DEAR

Eventhought most of the major currencies are not in good shape, and expected having a higher inflation rate. So, need to roll/trade the money in stead of keep/deposit gold which has very little flexibility.

What just happened??

many ppl got hit stop loss !

Someone is dumping gold

Dont know, but I was able to catch the whole spike for a very very tasty profit

what an effort by the big boys to clear stops.
so the best they can come up with is push it down to 1213? (crap my limit order at 1213.2 just miss a few points to be filled)
does it mean next stop is 1300+?

yesss nice spike, it is good to have a robot to buy for few accounts when this kind of movement happens

Fat finger. 8,000 futures contracts went through on the Comex and tripped the breaker.

Ransquawk notes 8000 contracts traded in a few seconds and there were reports that circuit breakers were tripped.

Gold dumps USD 30/oz, with reports of circuit breakers tripped as futures volumes surge: 8000 contracts traded in a few seconds

Did each contract carry 100 tons or more?

wow very big finger