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

Broke out of 1267, looks like clear skies above to me?

Hey I got filled... Excellent!?

gold trying to break 50% fibonacy?

If we will have big corettion on us stocks (or trend change) it is possible

Silver still resisted by 20.30, this level has became stronger and stronger over time. Gold broke last week high, lets see if we can have a day close above that high.


At this moment in H4 for Silver and Gold, what a long tail they have formed.

hi
target 1284 1292 and 1343 head &sholders

Ok guys, enough for me, going to take my profits and go, will come see if there's something to do on Monday.

Morning All!!!
Nice waking to a new high (forecast last night and earlier) looks now like she has checked out the support and there and has some quick confirmation,
could be possibly back on the rise to really test 1275+ !!!!


Did my "post that got ruined" publish? I can't find it.

Small bunch in here today, just Friday? Or are all the shorts stopped outski!

was your fill the red line?

if so long finally? and if so Why is it so high up from the flag break?>

Hey there XTrade... I haven't posted a lot lately.. Sorry about that bro.. Anyways... I want to ask you about volume. I hear that forex has no real volume other than tick volume from a broker. How about the XAU/USD pair. Real volume or tick volume. Also, do you feel that volume is a good price action tool for trading?

Hovering within $3 of 1267, can't seem to decide if it wants to breakout decisively. Sitting on hands!

Somehow have a feeling that the upmove few hours ago was a fake move.

Lets see if Gold can close above yesterday high at 1265. Silver still lagging behind. It is either Silver is underpriced or that upmove is fake. Which is which?

No more blah blah from me... nothing not about gold. Helping hand sounds good. I notice that roles are usually but not always reversed in life from what they appear on the surface. Enough philosophy. Good Trading to all. . .

Awesome!

IN LINE for a strong weekly close here. Supported by Thursday's NY close, today was mainly range after the new weekly high came in - Just above 1270!
Let's see how she rolls into the weekend. No steep dips today suggests minor profit taking interest
about an hour left - COMEX floor is already closed.



For 3 day line users/ observers - notice how after today's line made a new high then corrected it gravitated towards yesterday's high the range area,
yet has not broken through it, thus far finding support "if you will." This area of PA should be kept as of interest until it moves away higher, to see if it will gravitate to
back or below.

These two posts are Great! Notice in graph one the US is NOT EVEN on the LIST!!!

Then in the second post graph 1 about scrap gold exports. Notice 2009 when price was at peak levels and everywhere there was (IN THE US) every other TV commercial etc was a place that was looking to "fleece" the unknowing public of their prize heirlooms and such for what they called "the highest prices in gold history"
Sure there was the ALL time high, so it wasn't all a big lie. The lie was the "rub" where an ozt of 14Karat gold which I forget how much I think it's about 70% gold = but I have to look it up. Let's at spot would have gotten them say 1400 instead of 1920 at highest spot price. The shop would only offer like 1000 then if you said WOW on 1400 you just got screwed, yet even if you said well can't you do a bit better - the fat old man behind the desk would say SUre and ad a 50 back like he was being generous and the people get SOOo happy, thinking that was so nice. YEAH!

In any case as the price dropped these places went outta business and FASSST as exactly like they went up. There are still a ton of them, that did survive.

One commercial for a coin shoppe that buys gold has had the line to the effect of "Come sell your gold to us we are trusted to give you the right price as Gold SOARS to new HIGHS" the ENTIRE TIME it was correcting from 1920 and before. Now HOW would te averrage JOke Know the "right price" for sale or even what spot is and means.

50% fibonancy of what?
____Fibonacci______

but seriously of what?

Posted this on the 21 Jan



http://i1116.photobucket.com/albums/...ps2bdb5f17.jpg


Now 25 Jan


http://i1116.photobucket.com/albums/...ps8804a740.jpg


Where's next?