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

  • #31,661
  • Jan 15, 2014 2:56am Jan 15, 2014 2:56am
long guys!!!

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  • #31,662
  • Jan 15, 2014 3:03am Jan 15, 2014 3:03am
Hi guys,

As your forecast. In a long term, suppose at the end of year, what point will gold be lane on?
  • #31,663
  • Jan 15, 2014 3:06am Jan 15, 2014 3:06am
Quoting skassacomput
15m on GOLD. It seems to me an H&S. So I'm going long. {image}
free fall.
  • #31,664
  • Jan 15, 2014 3:09am Jan 15, 2014 3:09am
Quoting Greener
{quote} free fall.
if you see H1 there was bear H&S!!! right now going short!!!
  • #31,665
  • Jan 15, 2014 3:18am Jan 15, 2014 3:18am
Quoting KiwiOz
And patience is rewarded............. {image}
2gud4me
  • #31,666
  • Edited 3:34am Jan 15, 2014 3:22am | Edited 3:34am
Quoting The Rhodie
Gold looks very weak right now and I am looking to short it. The only concerns I have are that it hugs 1240 for more than 30 mins so far on lowish volume and price shows indecision. This is rangebound for now and dangerous (even though I have made some profit from the moves so far!). I think that gold may sell off for the day.
Analysis was 100% correct so far.

UPDATE: made my daily 10% increase. have a good day, I'm done trading guys. See you tomorrow.
You win, you lose. All else is history. The future does not exist.
  • #31,667
  • Jan 15, 2014 3:32am Jan 15, 2014 3:32am
Quoting helmi.you
{quote} 100% with you
Be careful. Don't pay too much attention to anyone who does not have some impact status on forums. They tend not to be correct 90% of the time. Have a look on people's ignore lists to see who may be worth ignoring in their profiles.
You win, you lose. All else is history. The future does not exist.
  • #31,668
  • Jan 15, 2014 3:32am Jan 15, 2014 3:32am
No engine required for this train. It's down hill al the way with a few speed bumps to coast over. Interesting to note the targets coincide nicely with the Daily supports. This could mean all Daily supports may be hit today.............
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Money Makes Money
  • #31,669
  • Jan 15, 2014 3:38am Jan 15, 2014 3:38am
going long again, looks good support 1236
  • #31,670
  • Jan 15, 2014 3:40am Jan 15, 2014 3:40am
Gold locked on 1255-1260 to 1220 range. We have room to rise to test 1260
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  • #31,671
  • Jan 15, 2014 3:42am Jan 15, 2014 3:42am
Quoting KiwiOz
No engine required for this train. It's down hill al the way with a few speed bumps to coast over. Interesting to note the targets coincide nicely with the Daily supports. This could mean all Daily supports may be hit today............. {image} {image}


Quoting goldJunkie
{quote} {quote} I had entered 2 SHORTS at 1251 weird unpredictable & volatile right now. Is it going towards my SL? or headed below 1225?
I got the answer, I think its headed towards 1225 & below
  • #31,672
  • Jan 15, 2014 3:42am Jan 15, 2014 3:42am
In about 15 to 20 mins we have gold fix for the AM. Expect that gold may rally there and fall over some more, but it looks really weak to me. Is 1230 on the race cards today?

What I find interesting is that there are definite drives with strong interest in gold and then indecision for an hour or more then strong interests again in the opposite direction then indecision for an hour or more and another defining move in price and then... speculation? It's goping down hill from here. Enjoy the slide folks.
You win, you lose. All else is history. The future does not exist.
  • #31,673
  • Jan 15, 2014 4:26am Jan 15, 2014 4:26am
Quoting The Rhodie
In about 15 to 20 mins we have gold fix for the AM. Expect that gold may rally there...
So far acting as expected. It has rallied a bit and now in line for a renewed effort to short? Could be, but I suspect that there may be a change insentiment between now and 12h30 UTC
You win, you lose. All else is history. The future does not exist.
  • #31,674
  • Jan 15, 2014 4:38am Jan 15, 2014 4:38am
For those of you who are bored: check out this easter egg in Firefox
as the address, type about:mozilla and see a red screen with a quote from the book of Mozilla...
You win, you lose. All else is history. The future does not exist.
  • #31,675
  • Jan 15, 2014 7:39am Jan 15, 2014 7:39am
Looks to me that 1236 is quite the support level. Will it break support? Time will tell.
Luck has no place in trading. Leave that for the poker table.
  • #31,676
  • Jan 15, 2014 7:44am Jan 15, 2014 7:44am
some guy posted a gold chart with a pitchfork but he's membership got denied. Im happy to have saved that chart of his... i wont post it here cause im might get banned.... lol
Pecuniae obediunt omnia
  • #31,677
  • Jan 15, 2014 8:03am Jan 15, 2014 8:03am
Price has decided....up. 1236 is a very good support
If you do not know who you are, the Forex is the worst place to find you
  • #31,678
  • Edited 8:21am Jan 15, 2014 8:09am | Edited 8:21am
1255 is a good resistance. if price will make a high and fail to break this level, HL will follow and a possible QE taper will make more bearish move. 1218 is Bull killer
Pecuniae obediunt omnia
  • #31,679
  • Jan 15, 2014 8:35am Jan 15, 2014 8:35am
My initial last position was taken around 1190 and half squashed at a the target of 1250. The rest is still semi - safe as of now and certainly will not be a loss.

Further targets would have been 1275 TP for 1280 hit and then a test of 1300.

I am not convinced the upside is over, yet, after a few days basically bobbing up and down from 1245 to 1255 a dip seemed to be in order.

From what I see news is still mediocre some positive some negative releases.

If we start dipping below the 1230's I'll maybe consider a small short. Then be on the lookout for reactions around 1205/1195 areas.

When the market is trending even in a small sense I prefer to just leave the trades on. When it's in range I'll day trade the range but like to be done within a few
hours ie: read a bit - then trade from 8-12pm or if the trade looks like it can ride for the day I'll just leave it on until the close.

Quoting msood
"I have to say I am a Bit confused, - do you mean that you like the way gold moves daily even on slow days as opposed to EUR/USD and thus, you have switched?" yes! "I do want to remind you - if I am correct in what I am deciphering from your post that GOLD is a commodity and ALWAYS needs to be traded and dealt with AS SUCH. XAU/USD - although most times it is the most PURELY SYNTHETIC form of trading gold ie: spread betting or CFDs - (NEVER a chance you are actually trading metal or can take delivery) FX gold is STILL is based off the spot.." if...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,680
  • Jan 15, 2014 8:43am Jan 15, 2014 8:43am
Quoting dric
{quote} Hi XT! As always, thank you for your time and effort to teach newbies like me. Much appreciated! I need to clarify, when you say News and Fundamentals, do you mean that News to be Breaking News? While Fundies mean something like Overall Supply and Demand which relates to Mining Companies and Market Sentiment in Physical gold??? I always thought that News == Fundamentals.. :/ Thank you ! -dric

Hi! You are welcome.

News and Fundamentals are interrelated but do have some differences.

For instance news can consist of anything that may affect markets like war, natural disasters, mining closures, politics, as well as the economic calender "news" releases for the day -- like unemployment and the NFP - where you have a bit of a mix, for instance you can trade the release itself, but in a fundamental overview
if unemployment for example continually rises, this would in turn be bad for the economy and USD and likely help gold.

Fundamentals in the sense of not trading specific news releases are matters like you mentioned, supply and demand, overall dollar strength / weakness, inflation,
interest rates, mining industry, etc, those are some of the typical and major drivers for gold.

For a bit further clarification, below is a shot of today's economic calender, for all currencies and all impact values, less than 1/4 of these releases will have a direct trade able / noticeable effect on gold.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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