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

  • #3,941
  • Mar 30, 2011 8:46am Mar 30, 2011 8:46am
DXY still going strong.

If this beast doesnt break the double top in the next week i reckon its curtains for Au for the next few months.

We've had some big down months in APR MAY.
I have no enemy; I make Incautiousness my Enemy.
  • #3,942
  • Mar 30, 2011 8:48am Mar 30, 2011 8:48am
Quoting jimobiwan
DXY still going strong.

If this beast doesnt break the double top in the next week i reckon its curtains for Au for the next few months.

We've had some big down months in APR MAY.

Fundamentals disagree with you but we follow the charts.....

beeb
  • #3,943
  • Mar 30, 2011 8:51am Mar 30, 2011 8:51am
Quoting XTrade
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.

Thanx.


Gold must continue growth after 1423 touch...

Target = 1437
  • #3,944
  • Mar 30, 2011 9:31am Mar 30, 2011 9:31am
mmm.... outside day down? Broken back through the upper range of the past 2 days.

It may test support further down. 1406?
I have no enemy; I make Incautiousness my Enemy.
  • #3,945
  • Mar 30, 2011 10:16am Mar 30, 2011 10:16am
Quoting fawaol
Thanx.


Gold must continue growth after 1423 touch...

Target = 1437
Booms....

Anybody catching dips????
  • #3,946
  • Mar 30, 2011 10:18am Mar 30, 2011 10:18am
Quoting fawaol
Booms....

Anybody catching dips????

short from 1426. Break 1410 and we have outsidedaydown and probably close below 18dma
I have no enemy; I make Incautiousness my Enemy.
  • #3,947
  • Mar 30, 2011 10:19am Mar 30, 2011 10:19am
Quoting fawaol
Booms....

Anybody catching dips????
me
added small at 1414
  • #3,948
  • Mar 30, 2011 10:19am Mar 30, 2011 10:19am
What the ... $10 down in 10 minutes!?!?!?

Quoting jimobiwan
mmm.... outside day down? Broken back through the upper range of the past 2 days.

It may test support further down. 1406?
I don't think so. 1410 was very well defended and the only barrier broken in the last hours was the upper one, when we touched 1430.

Since there was no recognizable important news, it seems that we had some profit-taking (again...) or pure price manipulation.

Ops, 1413... c'mon market, wait until I finish my post! Are you going to embarass me again?
"The reason I was born and came into the world is to testify to the truth."
  • #3,949
  • Mar 30, 2011 10:28am Mar 30, 2011 10:28am
Now 1418 will be tough to get through.
  • #3,950
  • Edited 10:58am Mar 30, 2011 10:34am | Edited 10:58am
Quoting SunTrader
Now 1418 will be tough to get through.
Why 1418 ????

Any pics????

Here is 1419...
  • #3,951
  • Mar 30, 2011 10:48am Mar 30, 2011 10:48am
Waiting 1400 to add long....
  • #3,952
  • Edited Mar 31, 2011 9:22am Mar 30, 2011 11:04am | Edited Mar 31, 2011 9:22am
As suggested earlier - it might be a bit volatile....

Here's 20min GC fork showing my two trades today:

and in closeup:



The yellow fork has been working perfectly with two buys along the dotted yellow quartile and one sell at the yellow ML. Am currently long from "BUY 2" though have moved stop to B/E....

beeb
  • #3,953
  • Mar 30, 2011 11:17am Mar 30, 2011 11:17am
small closed at 1420 fawaol
  • #3,954
  • Mar 30, 2011 11:22am Mar 30, 2011 11:22am
Quoting riko2705
small closed at 1420 fawaol
Ag short from ~37.3, sl 37.45
  • #3,955
  • Mar 30, 2011 11:30am Mar 30, 2011 11:30am
LOL, great price manipulation boyz!
  • #3,956
  • Mar 30, 2011 11:39am Mar 30, 2011 11:39am
Quoting musclemike
Waiting 1400 to add long....
That's what I call optimism...

I wouldn't say we will never see 1400 again, but it took one new war (Lybia) and a huge tragedy (Japan) in order to bring gold down below 1400. Even the manipulation-like sell-offs didn't manage to cross the 1410 line, even though they tried it 3 times in the last days.

Of course it can happen, but as the time goes, it becomes less and less probable.
"The reason I was born and came into the world is to testify to the truth."
  • #3,957
  • Mar 30, 2011 12:36pm Mar 30, 2011 12:36pm
Quoting fawaol
Ag short from ~37.3, sl 37.45
stopped out?
seems it goes higher....
good luck
  • #3,958
  • Mar 30, 2011 1:29pm Mar 30, 2011 1:29pm
Quoting riko2705
stopped out?
seems it goes higher....
good luck
ugu
  • #3,959
  • Mar 30, 2011 2:19pm Mar 30, 2011 2:19pm
Quoting fawaol
ugu
I think during the upcoming Asian session AG might fall to 34.10-20 again.
Anyway, this is a disappointing day...

Good luck
  • #3,960
  • Mar 30, 2011 2:37pm Mar 30, 2011 2:37pm
Quoting jazzmeow
I think during the upcoming Asian session AG might fall to 34.10-20 again.
that's quite a fall......any reason (other than mis-type?)


beeb
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