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

  • #31,281
  • Jan 6, 2014 10:09pm Jan 6, 2014 10:09pm
Back in action again after visiting inlaws n outlaws. Gold on the way down again.??
Nasty spike that was.....But sometimes spikes can be used to your advantage........
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Money Makes Money
  • #31,282
  • Jan 6, 2014 10:11pm Jan 6, 2014 10:11pm
that spike down today was very nice and informative (sorry for stop losses haunted),

am i the only seeing 1190 revisit again probably next week?
  • #31,283
  • Jan 6, 2014 10:28pm Jan 6, 2014 10:28pm
Quoting acidguy
that spike down today was very nice and informative (sorry for stop losses haunted), am i the only seeing 1190 revisit again probably next week?
I can see Gold levels going way below 1190. I think it'll go down to 1120 or even lower. I'm simply trying to follow the recent trend. There would be a reversal, but, don't think its there yet. It seems Gold will remain erratic and irrational before it peaks out sooner than later.
  • #31,284
  • Jan 6, 2014 10:56pm Jan 6, 2014 10:56pm
Love the handle, yet gold is actually NOT very irrational, people simply refuse to realize the reasons - 1. fundamentals = 2 Techs = 3 News is tricky either 1 or 3... pick your pleasure, YET FOLLOW THEM ALL IF YOU WANT any type of SUCCESS at this trade.................... Luckily for you and others I use all of the above and post them here usu. on a daily basis. for free...

. I ALWAYS GIVE BOTH SIDES OF THE COIN, and make other people simple trades. IE yesterday follow up....

Whatever brother... Nothing to prove here, - WE ARE HERE to discuss GOLD and SILVER spot, price, as well as PT, PD, Brent, WTI and CU.
Later.
XT-


Quoting goldJunkie
{quote} I can see Gold levels going way below 1190. I think it'll go down to 1120 or even lower. I'm simply trying to follow the recent trend. There would be a reversal, but, don't think its there yet. It seems Gold will remain erratic and irrational before it peaks out sooner than later.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,285
  • Jan 6, 2014 11:01pm Jan 6, 2014 11:01pm
ONLY ON MT4 - Here is today on a THIRD PARTY BID SPOT PRICE LIVE.....2 charts..... there was never any spike nto the 1220s..........

Quoting acidguy
that spike down today was very nice and informative (sorry for stop losses haunted), am i the only seeing 1190 revisit again probably next week?
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,286
  • Jan 6, 2014 11:13pm Jan 6, 2014 11:13pm
Quoting XTrade
ONLY ON MT4 - Here is today on a THIRD PARTY BID SPOT PRICE LIVE.....2 charts..... there was never any spike nto the 1220s.......... {quote} {image} {image}
There was definitely a spike lower on the exchange (Comex), I see 1212.6 on my chart.
"Where you want to be is always in control, never wishing, always trading.
  • #31,287
  • Jan 6, 2014 11:18pm Jan 6, 2014 11:18pm
Quoting KiwiOz
Back in action again after visiting inlaws n outlaws. Gold on the way down again.?? Nasty spike that was.....But sometimes spikes can be used to your advantage........ {image}
nice to see you back.......
  • #31,288
  • Jan 7, 2014 1:21am Jan 7, 2014 1:21am
Quoting KiwiOz
Back in action again after visiting inlaws n outlaws. Gold on the way down again.?? Nasty spike that was.....But sometimes spikes can be used to your advantage........ {image}
New year wishes for All,

KiwiOz what's the Blue lines, yellow lines in your chart, is it Trendline

Please explain
Tamizhan
  • #31,289
  • Jan 7, 2014 1:45am Jan 7, 2014 1:45am
On the front month? or a latter?


Please post it... I really want to see... is this an offshore/ NON US futures broker? If you don't mind me asking....




Quoting Spec_And
{quote} There was definitely a spike lower on the exchange (Comex), I see 1212.6 on my chart.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,290
  • Jan 7, 2014 1:49am Jan 7, 2014 1:49am
Know what - I just double checked... No need.

Here is a bar chart straight from CME if that suits your fancy --- IN NO WAY DOES IT TOUCH
1212 today..

But see illusions all if you like. Will not help you trading............


Enjoy.....
DAILY COMEX GOLD/

NOTICE THE DAILY LOW WAS 1239....
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,291
  • Jan 7, 2014 1:52am Jan 7, 2014 1:52am
Quoting XTrade
Know what - I just double checked... No need. Here is a bar chart straight from CME if that suits your fancy --- IN NO WAY DOES IT TOUCH 1212 today.. But see illusions all if you like. Will not help you trading............ Enjoy..... DAILY COMEX GOLD/ NOTICE THE DAILY LOW WAS 1239.... {image}
two of my premium data feed providers reports low of 1215, does the numbers matter so much?
  • #31,292
  • Jan 7, 2014 2:03am Jan 7, 2014 2:03am
Quoting Ulterior
{quote} two of my premium data feed providers reports low of 1215, does the numbers matter so much?
My low was 1215 too, I think everyone's low was 1215, wonder how can that differ much?
  • #31,293
  • Jan 7, 2014 2:03am Jan 7, 2014 2:03am
Yes, especially when you are talking about a 15+ USD fluctuation.

Damn man, that's a stop on a day trade...

I don't know what else to say, if you are trading CFDs or using MT4 to trade gold then I would imagine ALL MT4 feeds got the same
unrealistic stop hunt price.

I just showed your the actual front month futures data from CME.
and Below is three day bid spot from a third party provider.

Even if the three day line or daily line set below 1230 it would show........
or quotes.....

Quoting Ulterior
{quote} two of my premium data feed providers reports low of 1215, does the numbers matter so much?
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,294
  • Jan 7, 2014 2:11am Jan 7, 2014 2:11am
Hi XT

Reuters feed chart has it as well !?!

I chickened out of my H&S short ... I'm pleased I wasn't long or had any position...
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Anyway Gold Futures contract DMA feed... (1H view)
  • #31,295
  • Jan 7, 2014 2:15am Jan 7, 2014 2:15am
Quoting Mahapathy
{quote} New year wishes for All, KiwiOz what's the Blue lines, yellow lines in your chart, is it Trendline Please explain
Nope them's the way I find my targets...
Money Makes Money
  • #31,296
  • Jan 7, 2014 2:28am Jan 7, 2014 2:28am
OK - My last third party feed shows a spike. Stop hunt. But the rejection is pure...
Not trying to argue here. This is now a bit weird as many different third party providers are showing different prices.
Even futures. Something was up in spot then today..

Going to rest but here is the last chart. m30 and daily from netdania. - it didn't affect me, but this was sure fire stop hunting smash and grab......

Quoting JimmyC
Hi XT Reuters feed chart has it as well !?! I chickened out of my H&S short ... I'm pleased I wasn't long or had any position...{image} Anyway Gold Futures contract DMA feed... (1H view)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,297
  • Jan 7, 2014 2:33am Jan 7, 2014 2:33am
Quoting XTrade
OK - My last third party feed shows a spike. Stop hunt. But the rejection is pure... Not trying to argue here. This is now a bit weird as many different third party providers are showing different prices. Even futures. Something was up in spot then today.. Going to rest but here is the last chart. m30 and daily from netdania. - it didn't affect me, but this was sure fire stop hunting smash and grab...... {quote} {image} {image}
I've got this news:

The CME Group CME -0.99% said an erroneous trade in Comex gold futures was not responsible for the February gold contract dropping sharply–by over $30.00 an ounce–in a very short period of time and briefly halting trading action at the Comex at mid-morning Monday. Reports said very heavy volume at the time of the price drop was recorded in gold futures–4,000 contracts in one second’s time, which could have been a big “fund” trader taking a long futures trade off the table. The price of February Comex gold was trading at $1,245.40 an ounce at 10:13 a.m. eastern standard time Monday morning, and then within one minute fell to a low of $1,212.60. Prices at 10:15 a.m. had rebounded to $1,234.50.

Source: http://www.forbes.com/sites/kitconew...ig-spike-down/

Good luck, trust no more of this...

Cheers
  • #31,298
  • Jan 7, 2014 2:35am Jan 7, 2014 2:35am
Quoting XTrade
On the front month? or a latter? Please post it... I really want to see... is this an offshore/ NON US futures broker? If you don't mind me asking.... {quote}
Huge down spike was on all my MT4 charts....1216 to 17...On Plus 500 charts 1216 & on AVA Trader..1223.
Money Makes Money
  • #31,299
  • Jan 7, 2014 2:39am Jan 7, 2014 2:39am
Quoting JimmyC
{quote} I've got this news: The CME Group CME -0.99% said an erroneous trade in Comex gold futures was not responsible for the February gold contract dropping sharply–by over $30.00 an ounce–in a very short period of time and briefly halting trading action at the Comex at mid-morning Monday. Reports said very heavy volume at the time of the price drop was recorded in gold futures–4,000 contracts in one second’s time, which could have been...
I must admit its usually cable that spikes us out of day trades... unusual to see Gold do this...
  • #31,300
  • Jan 7, 2014 2:39am Jan 7, 2014 2:39am
Quoting JimmyC
{quote} I've got this news: The CME Group CME -0.99% said an erroneous trade in Comex gold futures was not responsible for the February gold contract dropping sharply–by over $30.00 an ounce–in a very short period of time and briefly halting trading action at the Comex at mid-morning Monday. Reports said very heavy volume at the time of the price drop was recorded in gold futures–4,000 contracts in one second’s time, which could have been...
4000 lots…hmm
i will not surprise if we see $1080 after that…but its in theory
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