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

  • #2,381
  • Dec 14, 2010 6:45am Dec 14, 2010 6:45am
Quoting lilpip
eyes open 1.011
1.011 watch how .9999 responds.
9947
9864
im following along with the others.
gold silver thread...

short gold
Hero calls followed by margin calls...
  • #2,382
  • Edited 11:06am Dec 14, 2010 7:16am | Edited 11:06am
Quoting Al Rez

But since I am a noob I am just wondering what the exact advantages of trading FX Gold over FX currencies, if there are any at all. Could anyone also tell me the disadvantages?
To me no advantage of one over the other except one more ball to juggle as in watching and trading.
To get a complete picture I watch them both and trade both.
less trading balls the easier.
for example although the yearly ,monthly,weekly, trend is up, on the daily, these told me to turn, golds area of interest was not in the area but the group as a whole picture was.
g/u 5914-21
a/u 1.011-.9999
e/u 3468-91
silvr 29.90
uj 82.98

here we are gold 1399 eyes open.
g/u 5807-22,--(weekly pivot 5747)
uj 83.34
  • #2,383
  • Dec 14, 2010 8:40am Dec 14, 2010 8:40am
maybe it's a noob comment, but I will make it anyway (though too late)

I had a slightly bad feeling about that jump over 1400 during the Asian session. The previous session wasn't strong enough to break that psychological level. It seemed to me that the market was still "building a barrier" just below $1400 before crossing it with maximum power and speed. Asia jumped the fence, Europe didn't do anything... and US brought it down again, quite easily.

H8 is showing a channel with three huge waves. The trend is up but some descent is still possible

We should be quite patient and careful with longs, mates...
"The reason I was born and came into the world is to testify to the truth."
  • #2,384
  • Dec 14, 2010 8:43am Dec 14, 2010 8:43am
Beautiful stop at 61.8 fib
Expecting first target @ 1364

H4:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #2,385
  • Edited 10:44am Dec 14, 2010 8:55am | Edited 10:44am
[quote=lilpip;4240965]

tue. silver
30.71
29.39 ..with eye on 29.90--and --2907
28.03-25


29.39 is noted , bias is pivot point.
  • #2,386
  • Dec 14, 2010 11:33am Dec 14, 2010 11:33am
USDCHF fell 250 pips since yesterday.
I thought CHF was about security, like gold, but I don't see any rally like that happening with gold right now.
Very strange...

Any clue, anyone?
"The reason I was born and came into the world is to testify to the truth."
  • #2,387
  • Dec 15, 2010 8:17am Dec 15, 2010 8:17am
Quoting lilpip
should be a interesting tues.
e/u 1.3440 area noted.
the question of the month is will we move up or back down ? Bias for the week is up from 1.3330, partials taken from 1.3194 on the day chart.
e/u monthly
1.4266
1.3415-47
1.2627
maybe we will get a clue from e/u.
heading south on monthly, however watching if 3330 will give support for move up.
weekly
3736
3330
2919
  • #2,388
  • Dec 15, 2010 8:23am Dec 15, 2010 8:23am
Quoting lilpip
silver weekly
30.71
28.58
26.45



gold weekly



(1387.36-88.62)
looking for direction from this area, although last week bias was up from 1385.61 area .
back up, or down ?
showtime.
  • #2,389
  • Edited 11:48am Dec 15, 2010 11:23am | Edited 11:48am
interesting gold, silver just sitting while currencies are moving south.
lets see what they do when currencies move back up.
u/j still also.

currency shorts scaled back.
will be watching how e/u 3257 responds and
a/u 9887
g/u 5565-72
eyes open
  • #2,390
  • Dec 15, 2010 11:52am Dec 15, 2010 11:52am
temporary out of my short from 1406 at 1386
I see some UJ resistance around 84.2 which might hold Gold (a while) from going further south....

UJ-H1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #2,391
  • Dec 15, 2010 7:37pm Dec 15, 2010 7:37pm
Only 2 weeks left before new money coming in the market.
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,392
  • Dec 15, 2010 11:01pm Dec 15, 2010 11:01pm
this is what Im looking at thur. gold
1403
1387-1389 (bias is down from)
1374 with eye on 1369
silver
29.79-86
28.95-29.05
28.00 eye on 28.31

maybe e/u gives clues
3435-60
3300 with eye on 3270
3140-60
  • #2,393
  • Dec 16, 2010 6:42am Dec 16, 2010 6:42am
Silver, M30
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  • #2,394
  • Dec 16, 2010 7:58am Dec 16, 2010 7:58am
looks like the cup and handle was going strong, then decided to fail,

gold needs to get bid otherwise we are in for a dip.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,395
  • Dec 16, 2010 8:00am Dec 16, 2010 8:00am
Yeah... There's still no real certainty in the market.

Quoting lilpip
interesting gold, silver just sitting while currencies are moving south.
lets see what they do when currencies move back up.
u/j still also.

currency shorts scaled back.
will be watching how e/u 3257 responds and
a/u 9887
g/u 5565-72
eyes open
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,396
  • Dec 16, 2010 8:37am Dec 16, 2010 8:37am
10-years US bonds are going up. Maybe some investors prefer to get 3% interest instead of stocking gold. That could mean some drop, unless the Chinese gold rush resumes or fresh money comes...

All my longs get stopped at SL (luckily with some profit). It's becoming frustrating... Now I have some longs from 1370 and 1380, let's see now.
"The reason I was born and came into the world is to testify to the truth."
  • #2,397
  • Dec 16, 2010 8:51am Dec 16, 2010 8:51am
Quoting XTrade
looks like the cup and handle was going strong, then decided to fail
I think that cup and handle couldn't have been considered valid to trade cause its bottom wasn't rounded but with 2 distinctive V bottoms.

Here's my view in Gold.
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  • #2,398
  • Dec 16, 2010 8:53am Dec 16, 2010 8:53am
I've seen in some news some time ago that a retrace to 900! would be possible. Maybe this was what they were talking about... Let's see what happens on the daily with that TL break.
  • #2,399
  • Dec 16, 2010 8:56am Dec 16, 2010 8:56am
Quoting z3r0
Silver, M30
Target met and still going after TL break. =D
  • #2,400
  • Dec 16, 2010 10:35am Dec 16, 2010 10:35am
Quoting lilpip
this is what Im looking at thur. gold
1403
1387-1389 (bias is down from)
1374 with eye on 1369
silver
29.79-86
28.95-29.05
28.00 eye on 28.31

maybe e/u gives clues
3435-60
3300 with eye on 3270
3140-60
areas partials taken for day.
1369
28.31
e/u 31.85 and bounce from 3205 noted.
gold, e,u act like they want to continue south, eyes open.
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