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

  • #2,661
  • Jan 24, 2011 9:05am Jan 24, 2011 9:05am
Quoting XTrade
Gold struggling a bit here. Probably the banksters in London suppressing the price.....


Euro cashed out looking for pullback to buy in again.

..
heading south from 3683 watching how 3658 responds along with silver,gold.
  • #2,662
  • Jan 24, 2011 9:12am Jan 24, 2011 9:12am
Quoting lilpip

area bias is down from 28.60-29.20 and up from there also. Eyes open.
weekly chart
30.67
28.60-29.20
26.53
with eye on how 28.01 area responds.
28.01 noted and heading south with monthly pivot 27.83 in mind, eyes open.
  • #2,663
  • Jan 24, 2011 9:35am Jan 24, 2011 9:35am
Quoting kamen
hi,

i'm junior in gold forex..i have one question..when a good time to buy and sell the order?i always stuck in make decision on this..for example i open 1 order 1344 then the price go to 1350..i didnt close the position but suddenly the price going down to 1343!!

so in this situation what should i do?..cut loss or open another position..if i open another..then if suddenly drop again..how?

please help me..huhuhu
Your question is dificult to understand, but from what your saying it sounds like you are panicking on retracements and dont know what to do.

price is always in motion, moving up and down all the time. you will never know what is going to happen next, you have to make decisions and follow rules and live with the results. sometimes you will make the right decision sometimes it will be wrong. this is the nature of trading, and one of the reasons it is difficult.
  • #2,664
  • Edited 10:26am Jan 24, 2011 10:07am | Edited 10:26am
[quote=lilpip;4336680]
oops,
here we are last week lows , whos has what in mind ?
  • #2,665
  • Jan 24, 2011 10:35am Jan 24, 2011 10:35am
I dumped the 1343 lot around 1350 after the fail to push through.

Now we hit lows again 1343 no lower though... So scooped up again and trying to push out 1350. Let's see...

If 1340 area holds as intermediate support and we can close above 1350 we may be looking goood for upmove...

[quote=lilpip;4339359]
Quoting lilpip
oops,
here we are last week lows , whos has what in mind ?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,666
  • Jan 24, 2011 11:17am Jan 24, 2011 11:17am
20min Spot Gold Fork - next few minutes should be telling.....

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: 20min__spot_gold.jpg Size: 97 KB
  • #2,667
  • Jan 24, 2011 12:19pm Jan 24, 2011 12:19pm
The 4h, daily, & weekly charts are very bearish. It could reach the 1,300 level on the weekly chart before it finds any serious support. I am short 50 ounces on the short term but I also hold (nursing) some small long on a longer time frame.

Good luck which ever way you trade.

Regards
  • #2,668
  • Jan 24, 2011 12:26pm Jan 24, 2011 12:26pm
monday
29.20
28.01
26.82

1374
1353
1332

weekly
30.67
28.60
26.53

1411
1368
1325
for lows looking at 26.53-82 silver
1325-32 gold
  • #2,669
  • Jan 24, 2011 1:30pm Jan 24, 2011 1:30pm
Obviously support did not hold on that 20min chart I posted a while back.......

beeb
  • #2,670
  • Jan 24, 2011 1:41pm Jan 24, 2011 1:41pm
Looks like LP was right.

South it is. Luckily I had a tight stop at 1339.....

Damn...

Looks like this corrective phase is not over yet.

Back to the charts it is....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,671
  • Edited 2:33pm Jan 24, 2011 2:22pm | Edited 2:33pm
gold tue.
1368
1348
1325

silvr
28.60
27.80
26.43-53

Im set to head north from mondays lows to test tue. trend guide.
bias is down from 27.80 area
  • #2,672
  • Jan 25, 2011 1:26am Jan 25, 2011 1:26am
oh god!

can someone tell me why gold price still drop....i almost fed up like this...

what is the recommended amount to open 0.01 order?i lost usd 400 right now...
is it possible gold price go to usd200?
  • #2,673
  • Edited 2:36am Jan 25, 2011 1:30am | Edited 2:36am
Attached Image (click to enlarge)
Click to Enlarge Name: usagolddaily.png Size: 38 KB


well gold is falling as per heads and shoulders pattern
breach of 1322 which is .382% of previous rise gold trend will be down for medium term
below 1322 heads and shoulder target of 1301-1319 coincides with 150 day sma as pointed by fellow trader @ 1306 and also a rising trendline around 1308 for the day
  • #2,674
  • Jan 25, 2011 1:37am Jan 25, 2011 1:37am
Next Destination for gold price could be :

1315 - to hit three months low-
1290 - to hit four months low -

Hoping for the best for all
Happy trading
  • #2,675
  • Jan 25, 2011 2:50am Jan 25, 2011 2:50am
Quoting kamen
oh god!

can someone tell me why gold price still drop....i almost fed up like this...

what is the recommended amount to open 0.01 order?i lost usd 400 right now...
is it possible gold price go to usd200?
Man, stop trading, right now!

Do you have a demo account? Did you use it?

Go to http://www.babypips.com/school and read everything. Twice. Then go to your demo account and make profits there for at least three months. Then you can play with your real money.
"The reason I was born and came into the world is to testify to the truth."
  • #2,676
  • Jan 25, 2011 3:23am Jan 25, 2011 3:23am
Quoting XTrade
Looks like LP was right.
South it is. Luckily I had a tight stop at 1339.....
Damn...
Looks like this corrective phase is not over yet.
Back to the charts it is....
People went to gold for security. Now there is some talks of inflation, bonds are going up, stocks are going up... so those people started to realize that gold doesn't bring neither interests nor dividends. So there you have it! Now they take some profit and reinvest the money somewhere else.

The big guys may will bring gold down to 1300 by the end of this week, just for fun (yes, those guys do such things!). In February we may see a different trend. Maybe.
"The reason I was born and came into the world is to testify to the truth."
  • #2,677
  • Edited 4:15am Jan 25, 2011 4:03am | Edited 4:15am
Quoting lilpip

weekly
30.67
28.60
26.53

1411
1368
1325
for lows looking at 26.53-82 silver
1325-32 gold
right now we are at weekly projected lows .
quarterly charts if needed as we look for the expected support for the new year and (major trend).
silvr
33.20
26.27
19.34
gold
1480
1320
1160
gold monthly
1447
1384
1321
just out of its mannerism I would expect a move up from 1320-21 before any further move down.
  • #2,678
  • Jan 25, 2011 4:51am Jan 25, 2011 4:51am
guys..

gold is always bull trend..when it fall later it will rise back..
so because of this trend, when it touch support i will enter buy and buy..but this time gold keep falling..

so can we make sure after gold touch support line 1300,gold will pull back?
how to know bottom price of gold..which is we can predict after that price there is no bearish anymore..?
  • #2,679
  • Jan 25, 2011 5:15am Jan 25, 2011 5:15am
Quoting harvest3r
Man, stop trading, right now!

Do you have a demo account? Did you use it?

Go to http://www.babypips.com/school and read everything. Twice. Then go to your demo account and make profits there for at least three months. Then you can play with your real money.

use demo account i never lost..maybe the amount too big and i open too small..so every time i make wrong decision, i still can survive due to floating.
is it good strategy for trade gold...what your opinion?
  • #2,680
  • Jan 25, 2011 5:42am Jan 25, 2011 5:42am
Dont ask me from where but one of my study charts I have a Trendline intersecting with

what should be fairly strong Horizontal support at 1323/5 area.. this support goes back to

4 H1 Bars formed on top of the 1325 line. Plus we are at the bottom of the downtrend channel.

I am getting long.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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