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

  • #2,241
  • Dec 4, 2010 1:52am Dec 4, 2010 1:52am
I see last week prdiction worked perfectly at last 1414. next doing with the help of indicator to see how perfect it can be . predicted target 1475.89 ( old chart 1460 there was line , lost ) , may retrace to 1380( prefer over 1382.35, indicator lower projected level 1357.50 , fit also though with my 2nd down level though but I like first to bull .
lets see how it works & how do others feel about .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #2,242
  • Dec 5, 2010 7:00am Dec 5, 2010 7:00am
JP Morgan has bought for 1.5 billion dollar copper last week
  • #2,243
  • Dec 5, 2010 12:57pm Dec 5, 2010 12:57pm
Quoting fontu
I see last week prdiction worked perfectly at last 1414. next doing with the help of indicator to see how perfect it can be . predicted target 1475.89 ( old chart 1460 there was line , lost ) , may retrace to 1380( prefer over 1382.35, indicator lower projected level 1357.50 , fit also though with my 2nd down level though but I like first to bull .
lets see how it works & how do others feel about .
fontu


Interesting
Pleasure to read your view as always


My perspectives for this week. Since H&S formation failed, bull trend should resume.

My first point to buy in to this bull is at 1400.00.

As always, this is market and anything can happen.

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  • #2,244
  • Dec 5, 2010 1:12pm Dec 5, 2010 1:12pm
Also might be worth to look in to

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  • #2,245
  • Dec 6, 2010 1:02am Dec 6, 2010 1:02am
In the following link there is a weekly outlook for the upcoming week regarding gold and energy,

have good trading week,

http://www.tradingnrg.com/weekly-out...h-10th-of-dec/
  • #2,246
  • Dec 6, 2010 8:01am Dec 6, 2010 8:01am
Not a bad looking fork.

Not much going on besides some consolidation. Currently Gold is in a small six dollar range. Not too bad for scalping. About 1410 o 1416.

One of these will go sooner or later.

Any dips are likely to be bought especially if Gold continues pairing gains of the recent move above 1400....

Quoting ratman
Also might be worth to look in to

Attachment
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,247
  • Dec 6, 2010 8:19am Dec 6, 2010 8:19am
THere's the topside Break. One more pop and we have a new high.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,248
  • Dec 6, 2010 8:22am Dec 6, 2010 8:22am
Gold's breaking out

Able to reach previous record high?

1st attempt
  • #2,249
  • Dec 6, 2010 8:44am Dec 6, 2010 8:44am
silver at 30$
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,250
  • Dec 6, 2010 10:56am Dec 6, 2010 10:56am
Range established earlier has offered us minor support at 1410.

Bought dip. Looking for 1450 next 1500.

1400 may be an entry with a tight stop below the truer resistance which should be flipped minor support now at 1398 area + or - a buck or two always.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,251
  • Dec 6, 2010 10:56am Dec 6, 2010 10:56am
I believe it's already taken out the spot high by a few bucks.

The GC contract I have to check on... hold on/

OK here you go -- looks like 1422 on the most active contract.

GREAT LINK --- For futures --- http://www.barchart.com/commodityfutures/Metals

ChaRT BELOW/.

Quoting Les Lau
Gold's breaking out

Able to reach previous record high?

1st attempt
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,252
  • Dec 6, 2010 11:06am Dec 6, 2010 11:06am
No new spot high yet. Spot or COMEX -- It's coming/
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,253
  • Dec 6, 2010 12:34pm Dec 6, 2010 12:34pm
Guys, be careful with your new longs. The movement in the last two days was relatively steep, just check H1 or higher. Some rebound is possible. In this case, it would be time to open more longs.
"The reason I was born and came into the world is to testify to the truth."
  • #2,254
  • Dec 6, 2010 12:47pm Dec 6, 2010 12:47pm
Quoting XTrade
Buying the physical metal is one way of this trade, the only problem is the lack of being able to use leverage. However, once the metal is yours, you don't have to worry about being stopped out.
Very well said! Actually it makes no real sense being bullish on gold in FX and not holding some of it physically.

Unfortunately I had to invest all my money on FX in order to maximize my profits (some bills to pay ), so there is no way to buy those lovely bullion coins in the next 2-3 months. But I did buy a silver coin last summer (a Maple) - for $18 so you see, it's worth the investment!
"The reason I was born and came into the world is to testify to the truth."
  • #2,255
  • Dec 6, 2010 1:16pm Dec 6, 2010 1:16pm
What brokers offer XAU/USD & XAG/USD? I trade the futures from time to time, but the margins make it difficult to scale in and out.
  • #2,256
  • Dec 6, 2010 1:20pm Dec 6, 2010 1:20pm
1427.68 area is noted and watching how 1423.76 responds.

watching how 30.08 responds in silver.

On the north side the response of 1442.86 and 30.60 is of extra interest.
  • #2,257
  • Dec 6, 2010 1:25pm Dec 6, 2010 1:25pm
THere it is!!!

New High!

Agreed Harvester, now the possibility of correction increases. This was an incredibly sharp move up.

Yet if Gold can manage to move sideways for a few days to up...
Well, the correction gets further away... (Most of the time)

Quoting XTrade
No new spot high yet. Spot or COMEX -- It's coming/
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,258
  • Dec 6, 2010 1:26pm Dec 6, 2010 1:26pm
There are a lot. Do you have a broker and where are you located?
Quoting SugarTrade
What brokers offer XAU/USD & XAG/USD? I trade the futures from time to time, but the margins make it difficult to scale in and out.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,259
  • Dec 6, 2010 1:29pm Dec 6, 2010 1:29pm
Quoting XTrade
This is HYSTERICAL!!! AND informative. Some is true - some may be a bit off.
...
Zerohedge has was saying this for years. There is a big campaing going over the net, started this december, to pump the price up. Starting to look like JPM has completely lost control of the silver market.

I'm not sure why people are celebrating since it will crash the currency market if JP doesn't contain this. And to think how the price will affect the industry.
  • #2,260
  • Dec 6, 2010 1:30pm Dec 6, 2010 1:30pm
Actually looking at the H4 and up, after todays sideways movement, most of this move was fairly typical of Gold's recent price action.

Last Friday was sharp though. It is the sideways movement "pairing gains" and consolidation that is crucial in this uptrend.

Edit: Yet we all know once one shoe drops the other is usually not to far after and the corrections are usually sharp.

Quoting XTrade
THere it is!!!

New High!

Agreed Harvester, now the possibility of correction increases. This was an incredibly sharp move up.

Yet if Gold can manage to move sideways for a few days to up...
Well, the correction gets further away... (Most of the time)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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