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

  • #3,921
  • Mar 29, 2011 7:28am Mar 29, 2011 7:28am
36.6 must be a strong psychological level for non-english speaking traders..... http://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon10.gif
  • #3,922
  • Mar 29, 2011 7:50am Mar 29, 2011 7:50am
Hi guys,

I am long some silver from 37.11, after a hammer bar (daily chart yesterday) off the 36.50 support its not the greatest candle in the world as the close is lower than the open. Have not taken a huge position my stoploss is at 36.34.
  • #3,923
  • Mar 29, 2011 8:00am Mar 29, 2011 8:00am
Quoting fawaol
No

"Buy on dips & hold" (C) XTrade

I think There is a strong supports for Au & Ag, around 1400 & 36

BTW I watch Daily - there was a good spike down yesterday, so i think metals are in a wide range now
& we just touched lower bound on this range (1410 & 36.5)

I just thought, Au week will close at 1433 with high around 1440....
thank you
  • #3,924
  • Mar 29, 2011 2:01pm Mar 29, 2011 2:01pm
If Gold goes down to 1410, I buy with all the power and benefit following the trend bounce.
The Black Swan: The Impact of the Highly Improbable
  • #3,925
  • Mar 29, 2011 3:05pm Mar 29, 2011 3:05pm
Quoting MapleLeaf
If Gold goes down to 1410, I buy with all the power and benefit following the trend bounce.
IMHO 1415 is a support now...
  • #3,926
  • Edited Mar 30, 2011 12:12am Mar 29, 2011 11:58pm | Edited Mar 30, 2011 12:12am
Quoting lilpip
well we took our scalps and made it to 33.61 area last week.
with a daily close above 37.03, will be watching how 36.77-96 area responds as she test today the projected monthly highs area for a 2nd time in a more convincing matter as this time its for support .

question in my mind is if shes getting ready to follow gold to 1450 area which would seem to be the next step.
weekly gold
1447-50
1415
1383
monthly
1450
1389
1328
she tested her projected monthly highs area early (37.03 area) March 7th and the 23rd.
she did up it a buck to 38.16 as she follow gold to its projected monthly highs @ 1450 area.
shes been waiting for the new quarter and month and its about showtime.
which way ya goin girl ?
moving with the trend, strait up like last quarters $12 move from $26-38?
thats $2 more than the previous quarter and the same goes for the entire range of 2009.

or looking down for quarterly, monthly support before hand ?
  • #3,927
  • Mar 30, 2011 12:35am Mar 30, 2011 12:35am
seems like gold just going sideways with heavy resistance around 1420+ area and support at around 1410+. I'm thinking of going long at 1400. anyone doing the same thing?
  • #3,928
  • Mar 30, 2011 1:03am Mar 30, 2011 1:03am
b o r i n g.

May not make it there, the dollar has to continue rally which seems to be fading or fall. In turn it will help boost gold.

We may have some liftoff soon it looks like. H4 is sideways, yet looks about ready to pop up.

EUR is in consolidation triangle
GBP oversold.
AUD kicking major A$$!!!
Swissy, looks ready to correct lower.

If the dollar continues strengthening than opposite all those except maybe AUD.

Brent crude ranging as well.
Quoting llrickkll
seems like gold just going sideways with heavy resistance around 1420+ area and support at around 1410+. I'm thinking of going long at 1400. anyone doing the same thing?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,929
  • Mar 30, 2011 2:51am Mar 30, 2011 2:51am
Yes, I agree with u Xtrade. Xau seems to be breaking the 1420. As im typing they are 1422. Are you holding any longs now? I am hoping to jump into the "long" train if it continues to go bull above 1425. What do you think of the Xau range today?

Quoting XTrade
b o r i n g.

May not make it there, the dollar has to continue rally which seems to be fading or fall. In turn it will help boost gold.

We may have some liftoff soon it looks like. H4 is sideways, yet looks about ready to pop up.

EUR is in consolidation triangle
GBP oversold.
AUD kicking major A$$!!!
Swissy, looks ready to correct lower.

If the dollar continues strengthening than opposite all those except maybe AUD.

Brent crude ranging as well.
  • #3,930
  • Mar 30, 2011 3:03am Mar 30, 2011 3:03am
Quoting llrickkll
Yes, I agree with u Xtrade. Xau seems to be breaking the 1420. As im typing they are 1422. Are you holding any longs now? I am hoping to jump into the "long" train if it continues to go bull above 1425. What do you think of the Xau range today?

i don't always want to be the voice of doom - but be careful because as well as being rollover, it's end of month/end of quarter which can always mean a bit of "window dressing"......

but referring back to my post #4043, things ain't doing too bad.....

beeb
  • #3,931
  • Mar 30, 2011 3:38am Mar 30, 2011 3:38am
Ratio passed 38.00 mark.
  • #3,932
  • Mar 30, 2011 5:59am Mar 30, 2011 5:59am
range bound.

first objective down would be

  1. 1406 would touch the up trend line starting from 28JAN and tested on 16MAR, and 17MAR; followed by
  2. 1397 38.2%Fib.

Did a short just now at 1421.2 and closed 18.7 as i was leaving the computer a while.

Its been playing around the 18 DMA for three days now. Based on history (numbers of days phafing around the 18DMA when coming down from new high), looking for gold to break range tomorrow. Inside day today so far. No big news tonight.

Myself I am hoping for a spurt up to 1438 to go short again.

This month we opened at 1411. Interesting if it closes the month at about this place.

I have no enemy; I make Incautiousness my Enemy.
  • #3,933
  • Mar 30, 2011 6:10am Mar 30, 2011 6:10am
Yeah, I've been getting my ass handed to me in my demo account. Quite the battle in Gold.

Practice, Practice, Practice.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #3,934
  • Mar 30, 2011 6:56am Mar 30, 2011 6:56am
Will we see 1437 today???

What bets????
  • #3,935
  • Edited 7:12am Mar 30, 2011 6:59am | Edited 7:12am
1
  • #3,936
  • Mar 30, 2011 7:05am Mar 30, 2011 7:05am
Quoting highlander2
Hi guys,

I am long some silver from 37.11, after a hammer bar (daily chart yesterday) off the 36.50 support its not the greatest candle in the world as the close is lower than the open. Have not taken a huge position my stoploss is at 36.34.
added some more silver at 37.42, I am looking to the high 30's for a profit target, no exact figure selected, but i wil probably scale out as per usual

highlander2
  • #3,937
  • Mar 30, 2011 7:11am Mar 30, 2011 7:11am
Quoting beeb
refer you to post #4054

beeb

if you want to bet - do it by buying the market - probably not a good idea to tempt others to do the same......
Wise words http://www.forexfactory.com/images/icons/icon10.gif

I'm just affraid to stay alone
  • #3,938
  • Mar 30, 2011 7:23am Mar 30, 2011 7:23am
Quoting fawaol
Will we see 1437 today???

What bets????

good luck
Attached Image
  • #3,939
  • Mar 30, 2011 7:28am Mar 30, 2011 7:28am
Quoting LasVahGoose
Yeah, I've been getting my ass handed to me in my demo account. Quite the battle in Gold.

Practice, Practice, Practice.
good luck gentleman
please share with us your findings
  • #3,940
  • Mar 30, 2011 8:29am Mar 30, 2011 8:29am
Finally some lift off! need to take 1429/30 area then X marks the spot 1440

Here is an example of how the line chart shows support and resistance.

same chart same time frame.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xau_liftoff3_30_11_H4.GIF Size: 53 KB
Click to Enlarge Name: xau_liftoff3_30_11_H4_line.GIF Size: 42 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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