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

  • #10,121
  • Sep 15, 2011 8:24am Sep 15, 2011 8:24am
Make a buy at the trend line.

Seem like nice place to make a buy trade.
Now in breakeven. Will closed at the next upper resistance
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  • #10,122
  • Sep 15, 2011 8:25am Sep 15, 2011 8:25am
I'm short from 1805 and it missed my TP of 1780 by $0.25!!

I have a feeling it might still get hit though possible then some more
Anything can happen.
  • #10,123
  • Sep 15, 2011 8:30am Sep 15, 2011 8:30am
Errr ..umm, I think its on on up from here. M15 showing very strong Uptrend.

Scratch that.
  • #10,124
  • Sep 15, 2011 8:38am Sep 15, 2011 8:38am
Missed the buy at 1780.65
  • #10,125
  • Sep 15, 2011 8:42am Sep 15, 2011 8:42am
Quoting ddinnov
I'm short from 1805 and it missed my TP of 1780 by $0.25!!

I have a feeling it might still get hit though possible then some more
Turns out it didn't miss it - closed out at 1780
Anything can happen.
  • #10,126
  • Sep 15, 2011 8:43am Sep 15, 2011 8:43am
Quoting KinG-Solomon
Missed the buy at 1780.65
Does it look like a good buy signal? I'm tempted to call it a day now..
Anything can happen.
  • #10,127
  • Sep 15, 2011 8:57am Sep 15, 2011 8:57am
I have Opened 1845$ price...so I will wait long
  • #10,128
  • Sep 15, 2011 9:04am Sep 15, 2011 9:04am
Quoting ddinnov
Does it look like a good buy signal? ...
Hardly.
  • #10,129
  • Sep 15, 2011 9:23am Sep 15, 2011 9:23am
Fundamentally, it is a good buy signal.
  • #10,130
  • Sep 15, 2011 9:29am Sep 15, 2011 9:29am
Quoting Pbh
Fundamentally, it is a good buy signal.

Could you please explain why....

And could everyone please get into the habit of substantiating claims as required in the thread rules....

Thanks

beeb
  • #10,131
  • Sep 15, 2011 9:36am Sep 15, 2011 9:36am
Quoting beeb
Could you please explain why....

And could everyone please get into the habit of substantiating claims as required in the thread rules....

Thanks

beeb
Well, risk appetite is returning to the market. Many central banks want to weaken the USD. And a weaker USD Index means, higher gold. Doesn't it?
  • #10,132
  • Sep 15, 2011 9:39am Sep 15, 2011 9:39am
Quoting Pbh
Well, risk appetite is returning to the market. Many central banks want to weaken the USD. And a weaker USD Index means, higher gold. Doesn't it?
People have been talking about 'higher gold' for weeks now but it just aint happening.

Not entering any longs until I see some big green bars with strong closes on at least the 4H.
Anything can happen.
  • #10,133
  • Sep 15, 2011 9:41am Sep 15, 2011 9:41am
Quoting Pbh
Well, risk appetite is returning to the market. Many central banks want to weaken the USD. And a weaker USD Index means, higher gold. Doesn't it?

The implication was that THAT LEVEL was fundamentally a good buy......that's all.

Are you just saying that gold is a good buy on fundamentals unconnected with the level?


beeb
  • #10,134
  • Sep 15, 2011 9:50am Sep 15, 2011 9:50am
opened small long at 1785, stop loss soon maybe or not.

USDX looks unchanged a.k.a doesn't get higher from this morning.
ECB decides to liquify some USD. lost their savers and investors. Some central banks unite together to revive the world from an end..........

I'm waiting here for some pop UP.
trading is my zen
  • #10,135
  • Sep 15, 2011 9:58am Sep 15, 2011 9:58am
My reason for saying "hardly" to the question whether it was a good time/level to buy was because Gold was already down -1% for the day and the day is far from done. Better to wait to see where the close is.

Also fib related daily, weekly and monthly pivot numbers I have all line up in the 1764.40 - 1767.90 area that I'm expected to possibly see - soon.
  • #10,136
  • Sep 15, 2011 10:05am Sep 15, 2011 10:05am
does anyone know rumor about Libya's Bank planing to sell their gold?
if it's true then gold will bearish dramatically,,
  • #10,137
  • Sep 15, 2011 10:08am Sep 15, 2011 10:08am
Quoting theredzonez
does anyone know rumor about Libya's Bank planing to sell their gold?
if it's true then gold will bearish dramatically,,

You don't think China would just lap that up and ask for more?

beeb
  • #10,138
  • Sep 15, 2011 10:13am Sep 15, 2011 10:13am
Just when the Euro banks were thinking they got a breather. UBS =

http://www.usatoday.com/money/indust...der/50411164/1

Keep this and other similar stories from the past in mind when someone talks of the so-called "smart money".
  • #10,139
  • Sep 15, 2011 10:14am Sep 15, 2011 10:14am
I'm just scalping the short term trend for 10-20$ until something big happens.

The last few weeks have tought me a lot about anticipating and waiting for "impending big moves"..
Anything can happen.
  • #10,140
  • Sep 15, 2011 10:17am Sep 15, 2011 10:17am
Libyans (possibly) selling gold.

http://www.reuters.com/article/2011/...7KE51520110915

Not any time soon from the looks of it.
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