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

  • #1,421
  • Oct 6, 2010 9:49pm Oct 6, 2010 9:49pm
Quoting XTrade
Well, that was fun!

1350 toasted. 1400 NEXT TARGET
You think 1400 before a pullback ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,422
  • Oct 6, 2010 10:21pm Oct 6, 2010 10:21pm
I added long @1347, but not much, hoping for a dip. If we keep our heads up above 1350 today and tomorrow there could be 1400.
  • #1,423
  • Oct 7, 2010 1:23am Oct 7, 2010 1:23am
Quoting musclemike
I added long @1347, but not much, hoping for a dip. If we keep our heads up above 1350 today and tomorrow there could be 1400.
almost same entry, i'm out at 1400
Hero calls followed by margin calls...
  • #1,424
  • Oct 7, 2010 2:15am Oct 7, 2010 2:15am
XAU is $ 1359... Where is Gold heading? Any suggestion will help. Thanx.
  • #1,425
  • Oct 7, 2010 2:53am Oct 7, 2010 2:53am
Quoting kandi
XAU is $ 1359... Where is Gold heading? Any suggestion will help. Thanx.
Gold suddenly drop to 1356. What happen?
  • #1,426
  • Oct 7, 2010 5:10am Oct 7, 2010 5:10am
I held my long position since 1346ish last night. Planning to continue until at least $1375 with SL at $1350. What about you guys?
  • #1,427
  • Oct 7, 2010 10:29am Oct 7, 2010 10:29am
A decent pullback today... maybe we can go a bit more again but we're going into that pullback sooner than later. That's sound...
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,428
  • Oct 7, 2010 11:02am Oct 7, 2010 11:02am
Quoting Bootleger
A decent pullback today... maybe we can go a bit more again but we're going into that pullback sooner than later. That's sound...
My position had long been closed with a mere 300pip. Which was not bad, I pocketed $300 but wished I had closed sooner when it reached $1360.
I hope a pullback won't happen anytime soon at least until 1375 area. Asian session was doing so good and US had to come and mess it up as expected. Bummer!
  • #1,429
  • Oct 7, 2010 3:50pm Oct 7, 2010 3:50pm
FOUR
TEEN
HUNDRED
FIRST.

Next in about a year 2500

Quoting kandi
XAU is $ 1359... Where is Gold heading? Any suggestion will help. Thanx.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,430
  • Oct 7, 2010 3:53pm Oct 7, 2010 3:53pm
If US data is lackluster as expected tomorrow and the USD continues on it's cliff dive we may see 1400 tomorrow.

Position yourself accordingly and assess risk on both sides.

Even if data is "ok" we may only touch 1300.

1300 may be the new 1050......


Quoting Bootleger
You think 1400 before a pullback ?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,431
  • Oct 7, 2010 3:54pm Oct 7, 2010 3:54pm
you mean a correction? what are you asking here?
Quoting kandi
Gold suddenly drop to 1356. What happen?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,432
  • Oct 7, 2010 3:57pm Oct 7, 2010 3:57pm
See how much more profit potential there is?
Good for you and good luck in your trading.

Quoting XTrade
The long term uptrend is intact and will stay that way
Quoting jimobiwan

wow, i am really glad i switched sides. who would have guessed.

i was thinking, on my hypothesis, it would reach maybe 1334 - 1350, so why stay short or out of the mkt until that time.

i have just taken the other out cuz day range done and just about kissing the upper bb. but not doing shorts.

Thanks xTrade as usual!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,433
  • Oct 7, 2010 8:39pm Oct 7, 2010 8:39pm
Markets are consolidating ahead of LDN and the NFP/US Jobs data tomorrow.

As aforementioned should the figures be abysmal I will look to 1400.

I am currently scalping long from 1330

So far price action seems firm with potential support at 1320
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,434
  • Oct 7, 2010 8:44pm Oct 7, 2010 8:44pm
Should the releases yield favorable data the potential of further correction toward 1300 / 1290 areas increases.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,435
  • Oct 7, 2010 8:50pm Oct 7, 2010 8:50pm
Bootlegger how goes it?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,436
  • Edited 9:10pm Oct 7, 2010 8:53pm | Edited 9:10pm
I don't know whether the employment going to be bad and gold could find some strength... but this move up is coming to an end. So if tomorrow it's going down, then we might have seen a short term top
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,437
  • Oct 7, 2010 9:33pm Oct 7, 2010 9:33pm
Why do you think it's coming to an end?

Today was profit taking and correction day, ahead of major news,
the same dips came in GBP, EUR, AUD / USD etc...

No top in site.

Quoting Bootleger
I don't know whether the employment going to be bad and gold could find some strength... but this move up is coming to an end. So if tomorrow it's going down, then we might have seen a short term top
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,438
  • Edited 9:49pm Oct 7, 2010 9:37pm | Edited 9:49pm
Quoting jacob_ice
I was actually referring to XAGUSD. A trader mentioned '23 is a point of extra interest'. I wasn't particularly sure what he meant by it. Do you know?

Thanks for replying back.
sorry I didnt get back to ya sooner but Im pretty busy.

what i met was that even though the trend is up, as I looked over the charts this past weekend 2321 was an area that I would be paying extra attention to how she responds to that price this week.

As in heads up, to taking some profits off the table.

at the moment, watchin how 22.75 area responds.

have a good one.
  • #1,439
  • Oct 7, 2010 11:16pm Oct 7, 2010 11:16pm
there will be 2 important news. Non farm payroll and jobless rate. NFP is forecasted better than before, but Jobless rate is worst than before. In your opinion, will the nonfarm payroll data and jobless rate released as expected? Considering ADP non-farm employment change was released worse than before.
(Sorry, my English is not good).
  • #1,440
  • Oct 8, 2010 12:29am Oct 8, 2010 12:29am
We are still in the channel, that means we're on track, anyways, now i have to set back and wait for the gold to rise again, i am very patient, i don't scalp, i only "work" on longer terms and i will re-enter with a large buy if the price will drop to 1250 or lower (by then i will be 6000-7000$ shorter) but i will keep my actual positions, i will never close gold positions, the bottom line is: gold means power .
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