XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 324 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #6,461
  • May 15, 2011 4:00pm May 15, 2011 4:00pm
Thanks for the fork beeb. will keep it in mind.

still holding longs from 34.4, closed my long on gold at 1490 waiting for a decent breakout and pullback before re-loading.

On a side note, how are we feeling this debt ceiling problem will affect gold/silver this week? If they refuse to increase the cap, could we see gold/silver take off north once again?

Mitch
  • #6,462
  • May 15, 2011 6:23pm May 15, 2011 6:23pm
possible setup silver.
Attached Image (click to enlarge)
Click to Enlarge Name: xag_usd_021.jpg Size: 72 KB
  • #6,463
  • May 15, 2011 10:14pm May 15, 2011 10:14pm
is we are still in up trend ?can we see to move again up.?actually i read a news on bloomberg today in this news some one senior predict gold will be reach 1200 in June?
Trading by EA
  • #6,464
  • May 15, 2011 10:29pm May 15, 2011 10:29pm
Quoting mmudasir
is we are still in up trend ?can we see to move again up.?actually i read a news on bloomberg today in this news some one senior predict gold will be reach 1200 in June?
what's the url reference?
  • #6,465
  • May 15, 2011 11:01pm May 15, 2011 11:01pm
http://www.bloomberg.com/news/2011-0...n-history.html



‘Buying Opportunity’

“If we get a rise in the dollar because the Fed is exiting QE2 in June, gold could hit $1,200,” said Michael Pento, a senior economist at Euro Pacific Capital Inc. in New York who has correctly predicted the high in gold for the past two years. “It would be a buying opportunity.”
The Dollar Index fell to a two-year low of 72.7 on May 4 and was at 75.71 on May 13. It will drop to 73.57 at the end of this year and 70.81 at the end of 2012, according to data compiled by Bloomberg from analysts’ forecasts.
Investment overtook jewelry as the biggest source of demand for the first time in three decades in 2009, according to GFMS Ltd., a London-based research company. Investor demand will climb 9.9 percent to 1,597 tons this year and another 11 percent in 2012, Morgan Stanley estimates. Of the 31 people surveyed by Bloomberg, 25 expect the bull market to continue next year.
Trading by EA
  • #6,466
  • May 15, 2011 11:03pm May 15, 2011 11:03pm
Quoting yurijap
what's the url reference?

check my post i give the link
Trading by EA
  • #6,467
  • May 15, 2011 11:21pm May 15, 2011 11:21pm
Quoting mmudasir
http://www.bloomberg.com/news/2011-0...n-history.html



‘Buying Opportunity’

“If we get a rise in the dollar because the Fed is exiting QE2 in June, gold could hit $1,200,” said Michael Pento, a senior economist at Euro Pacific Capital Inc. in New York who has correctly predicted the high in gold for the past two years. “It would be a buying opportunity.”
The Dollar Index fell to a two-year low of 72.7 on...
I believe that gold would still go up unless US getting better <---- which is impossible for the current year. Correction will always happen as it is healthy for the bull trend to go up. Look at 1300-1500 bull trend. We have a correction like 4 times (when gold go down from 1428 to 1308) before we manage to break 1450 and then to 1570. And now, we came down again to a 1476 correction (which is now).

Bernanke did not give definite time as when they will tighten monetary policy even when QE 2 ends, which is in June.

The way i see is: Unless the fed raise interest rate, I would see that gold would continue to go up as Dollar is not a safe haven anymore

Ricky~
  • #6,468
  • May 15, 2011 11:29pm May 15, 2011 11:29pm
Quoting llrickkll
I believe that gold would still go up unless US getting better <---- which is impossible for the current year. Correction will always happen as it is healthy for the bull trend to go up. Look at 1300-1500 bull trend. We have a correction like 4 times (when gold go down from 1428 to 1308) before we manage to break 1450 and then to 1570. And now, we came down again to a 1476 correction (which is now).

Bernanke did not give definite time as when they will tighten monetary policy even when QE 2 ends, which is in June.

The way i see is: Unless the...
if the bernake define a tighten monetary policy then what happened next year how much gold loose strength i see the monthly chart it is all the way up.
Trading by EA
  • #6,469
  • Edited 12:15am May 16, 2011 12:04am | Edited 12:15am
this silver market is so bloody ruthless at the moment. hours of gains destroyed in minutes.

my longs are being stop hunted pretty much to the pip. annoying the $@# out of me.
  • #6,470
  • Edited 12:42am May 16, 2011 12:21am | Edited 12:42am
My daily and 1Hour chart silver
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 20 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 26 KB
Keep Simple...!
  • #6,471
  • Edited 2:34am May 16, 2011 12:47am | Edited 2:34am
Quoting fontu
Ok ,thanks , I expected all the bear be over by this weekend & real start resume bull next week in eu & gold or at least real real retracement as b wave in eu & so to gold also . but serious manipulation also expecting at the same time .
gold fell very limited within the triangle while eu down the channel to apparently ending 5th wave down exactly to my tp area set before & not traded today though 1.406* , another fall to 1.4048 ok, before not & so gold may false spike down to the low to fail c, yes another leg down with eu ,gold should do now if...
breakout up expected but the down not over yet ,ok. will wtach .

limit 1502.45 , breaks with no instance down as expected but limit may apply at 1512perhaps for breakout with confirmation 1516,50 only or may fall back again to those lows again .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 10 KB
Click to Enlarge Name: eu2.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #6,472
  • May 16, 2011 4:58am May 16, 2011 4:58am
Getting down to scooping territory for the longs, where you guys pulling the trigger on silver?
  • #6,473
  • May 16, 2011 5:47am May 16, 2011 5:47am
I Wont add any more longs at the moment, I will probably wait till the daily close and see where we are then. At the moment I only have a small position from 1485.
  • #6,474
  • May 16, 2011 5:58am May 16, 2011 5:58am
Quoting highlander2
I Wont add any more longs at the moment, I will probably wait till the daily close and see where we are then. At the moment I only have a small position from 1485.
Things are cycling - lows factionally higher, highs fractionally higher.
It is an uptrend but only just.
  • #6,475
  • May 16, 2011 6:13am May 16, 2011 6:13am
not adding any more longs, still holding a 34.4 long. no gold at the moment.
  • #6,476
  • May 16, 2011 6:21am May 16, 2011 6:21am
Quoting Mitchoss
not adding any more longs, still holding a 34.4 long. no gold at the moment.
each 5dolar dropping, i'll keep buying..my next target is 30,25,20,15,10,and 5....
  • #6,477
  • May 16, 2011 6:53am May 16, 2011 6:53am
Difficult time to add any long-term position. Trend in May is down, long-term trend is up

Besides that, next week we have the option expiry again and it might be choppy... It will be fun for those who like to hit moving targets.

I'm following this quick-and-dirty fork on silver:
Attached Image (click to enlarge)
Click to Enlarge Name: fork.jpg Size: 30 KB
"The reason I was born and came into the world is to testify to the truth."
  • #6,478
  • May 16, 2011 7:01am May 16, 2011 7:01am
Quoting harvest3r
Difficult time to add any long-term position. Trend in May is down, long-term trend is up

Besides that, next week we have the option expiry again and it might be choppy... It will be fun for those who like to hit moving targets.

I'm following this quick-and-dirty fork on silver:
This is my version on the 4H silver fork.
I have a sliding parallel above the upper parallel.
Seems to fit nicely enough - very down facing fork here.

Price might of course move out the right side of the fork, having three times come to the sliding parallel.
Attached Image
  • #6,479
  • May 16, 2011 7:08am May 16, 2011 7:08am
Quoting six gun
This is my version on the 4H silver fork.
I have a sliding parallel above the upper parallel.
Seems to fit nicely enough - very down facing fork here.

Price might of course move out the right side of the fork, having three times come to the sliding parallel.

critical area for silver - if you put in an upfork you'll see we're just above LP

beeb
  • #6,480
  • May 16, 2011 7:10am May 16, 2011 7:10am
http://img863.imageshack.us/img863/4850/silverm30.png

I think right now it's hard to tell which way we will break out, two times PA was rejected @ upwards sloping ML, is the third retest coming up? Or 33 won't hold as support and we will see breakout to the 30-32 area.
26 traders viewing now