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

Quoting XTrade

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{quote} You too buddy, I love trading cable - if you want to share analysis here for it feel free, just not when we are super busy! "you know" Nicely done. PS, I usually don't even bother trying to squeeze out the extra three dollar swings any more even when scalping. ie: entry 1220 target 1240 using rounding, so that's why we flattened at 1238.xx or 1230 to 1240. Once the new year comes we should be getting some nice 50 USD swings a day!!!!!! GET READY!

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Quoting LarryLU

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{quote} Thanks mate! Update: Looks like a double bottom is formed at 1235, will short if it breaks 1240. Cable is massive now, technical analysis do not work well in this situation since it is even very hard to find a trend line... Big names are buying and selling this week, creating new high and low. Right now I am just watching some key levels, like 1.63 and 1.64 (the 100 and 200 Moving average of hourly chart), and downside support maybe at 1.60 which is the 100 Moving average of daily chart. I also keep a eye on BOE rate hike talking, you know......

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Quoting XTrade

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Even if we hit 15.00 for silver and 1080/50 for gold, the next moves up will likely wipe out the last, if indeed history will repeat itself as it has THUS FAR. from way back when there were no charts.

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Quoting XTrade

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LL- The double bottom will be - IF - created more closely to 1200+ or minus 15 USD which means, 1215 or 1185 area. Tapering announcement could drop gold 100 USD in a day, 50% of which would retrace likely in the same. There are other geopolitical economic problems still at hand. Just because it's not "front news GOSSIP" doesn't mean that the EUzone crisis is over, and the USA is FAR from being anywhere close to level. Inflation created by QE will take place it has already started. IE: train fares up, bus fair up, cost of a slice of pizza in NYC...

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Quoting pipcenturion

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Hi all, I suggest buying gold @ 1225.07 I feel strongly that the support would be London session's low. Happy trading!

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Quoting XTrade

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{quote} We dipped down from the recent range top on lack of fundamental support and some positive US data, (an agreement between parties in the USGOV, to avoid another shutdwown, all suggesting that the "taper" may be coming by the next FOMC. There is no doubt in my mind that when it is FINALLY announced, Gold will Drop (silver as well) Yet, as I had made a LONG post about now linked in Post one of the thread about tapering being priced in, may suggest the drop will be short lived. In any case, we are still basically sideways, and I am looking at...

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Quoting XTrade

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Even if we hit 15.00 for silver and 1080/50 for gold, the next moves up will likely wipe out the last, if indeed history will repeat itself as it has THUS FAR. from way back when there were no charts.

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Quoting pipcenturion

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{quote} Remember I called the top and suggested selling gold 2 days ago? Stating clearly that I will re-assess at 1221 area? Well, gold put in a low of 1220.38 I took a buy around 1226 and took profit after a $9.59 advance in price. Enjoy your weekend sir.

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Quoting Lv5758

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{quote} Agreed, so we have to find the buy price for gold. I hope i can catch it

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Quoting XTrade

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{quote} Stick around here long enough and you will for SURE catch it. MONEY BACK GUARANTEE!!! OOPS - THIS IS FREE!!!!!!!!!!!!!!!!!!!

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Quoting Lv5758

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{quote} I will XTrade

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Quoting XTrade

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{quote} We dipped down from the recent range top on lack of fundamental support and some positive US data, (an agreement between parties in the USGOV, to avoid another shutdwown, all suggesting that the "taper" may be coming by the next FOMC. There is no doubt in my mind that when it is FINALLY announced, Gold will Drop (silver as well) Yet, as I had made a LONG post about now linked in Post one of the thread about tapering being priced in, may suggest the drop will be short lived. In any case, we are still basically sideways, and I am looking at...

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Quoting LarryLU

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{quote} Hmmm, very impressive pizza price! Maybe I should be a cooker instead of competing with millions people working in financial markets So what you are saying is investors may add more gold holding to hedge against inflation? Another even I am watching now is the Iran talk, just in case it falls apart suddenly...

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Quoting pipcenturion

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{quote} Remember I called the top and suggested selling gold 2 days ago? Stating clearly that I will re-assess at 1221 area? Well, gold put in a low of 1220.38 I took a buy around 1226 and took profit after a $9.59 advance in price. Enjoy your weekend sir.

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