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

  • #11,901
  • Oct 10, 2011 2:21pm Oct 10, 2011 2:21pm
Quoting Sreym33
I agree, should fall...4 Hr stochastic has been pretty accurate as of late and it's ready to turn over, but this could stay overbought for a while and keep rising during the asian session, wait and see.
Looking for 1650.
  • #11,902
  • Edited 5:39pm Oct 10, 2011 5:13pm | Edited 5:39pm
monday she extended out from daily pivot 1634 hitting daily highs @ 1678 .
should be an interesting day after that very steady, controled move up.
tue. daily
1691
1650
1609
although she extended out to daily highs monday and a normal pattern would be to rotate back to daily pivot however with the weekly pivot 1664, and monthly @ 1674 its hard to pinpoint an entry for tue as she could start the days trend anywhere between 1650-1674. Keep eyes open on the 5 min. in this area.
Mind your money management.
  • #11,903
  • Oct 10, 2011 6:40pm Oct 10, 2011 6:40pm
price touch 1677 what should be the next move . more up or down . plz suggest
  • #11,904
  • Edited 7:18pm Oct 10, 2011 7:06pm | Edited 7:18pm
Quoting shazi_nib
price touch 1677 what should be the next move . more up or down . plz suggest
sorry I didnt make it back to ya , you seen candle formation on the 5 min. from 1670-72 and on to above 1674.
watch how 1684 - 1691 respond maybe a scalp in order, this is no place to be adding longs in my mind.
One thing that stands out to me is that this up move since yesterdays open is just to orderly.

silvers weekly pivot is $32.62
  • #11,905
  • Oct 10, 2011 7:48pm Oct 10, 2011 7:48pm
HI all - glad to see your posts....

A bit tied up still, yet I got my gap and my break of range,
I expect more to the upside, yet, patience is the key,
sure a trade opened at the bottom and closed at the top
could have made you 3k - 3 hundred 0r 3 bucks, leave the trades on,

then you will start winning and beating market makers. They bet that your skin aint thick enough to hold a losing 50 USD position,

well if u are over leveraged they win,

If you stay out and hand pick your entries when it benefits YOU (like Warren Buffet) to be in the market - THEN YOU WIN.
Nite.
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,906
  • Oct 10, 2011 7:49pm Oct 10, 2011 7:49pm
Already long... In anticipation of retest 1750 for physical sell.

paper sell 2000 plus/.
Quoting tuba84
i think the best way is to wait for a while.... if it breaks the 1675 and then 1695 then enter a long... if it goes to about 1600 it a good moment for... long
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,907
  • Oct 10, 2011 10:18pm Oct 10, 2011 10:18pm
Quoting ruffryders
http://img641.imageshack.us/img641/4...0101020112.png

some hints for TPing those longs on gold at least initially.
TPed and time to move on to the next one.
  • #11,908
  • Oct 10, 2011 10:56pm Oct 10, 2011 10:56pm
http://img810.imageshack.us/img810/2...3011102011.png

...and probably time to reverse, Dollar found support @ MP.
  • #11,909
  • Edited 11:37pm Oct 10, 2011 11:29pm | Edited 11:37pm
Just drew some fibs on the daily and we're at a key level if these are valid. *If* I've drawn it correctly the UTL lines up around 1700 so I'm cautious about anything further than that.

I'm watching EUR/USD as a leading indicator, my GFT news feed just touted 1.4000 in the near term which is usually a sign to go in the other direction. However I'm holding my AUD/USD long for now with some nice profit locked in from yesterday looking fo another 180-200 pips or so before any risk off reversals. It just takes one rumour/downgrade though doesn't it.. *EDIT* AUD/USD just got stopped out.

I'm still looking for silver @ $34 some time soon, this week would be nice
Attached Image (click to enlarge)
Click to Enlarge Name: goldfibs.gif Size: 18 KB
Anything can happen.
  • #11,910
  • Oct 10, 2011 11:29pm Oct 10, 2011 11:29pm
Quoting ruffryders
http://img810.imageshack.us/img810/2...3011102011.png

...and probably time to reverse, Dollar found support @ MP.
I agree with you bro

bears into the road
  • #11,911
  • Oct 11, 2011 12:59am Oct 11, 2011 12:59am
Hi,

is the coming event for GBP will effect gold price as well.

can some body explain the relationship between these events and gold

Thanks
  • #11,912
  • Oct 11, 2011 1:09am Oct 11, 2011 1:09am
Quoting ruffryders
http://img810.imageshack.us/img810/2...3011102011.png

...and probably time to reverse, Dollar found support @ MP.
56-58 cashing out and awaiting next setup.
  • #11,913
  • Oct 11, 2011 1:13am Oct 11, 2011 1:13am
iam short since last night @ 1673.
  • #11,914
  • Oct 11, 2011 1:19am Oct 11, 2011 1:19am
Silver is at a good support area, wonder if it will hold and bounce..
Attached Image (click to enlarge)
Click to Enlarge Name: silverfibs.gif Size: 17 KB
Anything can happen.
  • #11,915
  • Oct 11, 2011 1:22am Oct 11, 2011 1:22am
Quoting ddinnov
Silver is at a good support area, wonder if it will hold and bounce..
@ 31.40 it probably could.
  • #11,916
  • Oct 11, 2011 1:25am Oct 11, 2011 1:25am
This is how I'm seeing silver on the weekly and daily. It looks to be clawing it's way up through various fib levels, currently in a daily ascending triangle pattern with the next big resistance at $34 if it can break above daily highs around $32.50ish.

This is just my interpretation of the charts - of course anything can happen
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silverfibsweekly.gif Size: 20 KB
Click to Enlarge Name: silverfibdaily.gif Size: 21 KB
Anything can happen.
  • #11,917
  • Oct 11, 2011 1:28am Oct 11, 2011 1:28am
Quoting ruffryders
@ 31.40 it probably could.
Let's have a nice green pinbar or something like that - I'm a bit underwater here
Anything can happen.
  • #11,918
  • Oct 11, 2011 1:35am Oct 11, 2011 1:35am
Quoting ddinnov
Let's have a nice green pinbar or something like that - I'm a bit underwater here
BRENT going down and need to see reaction @ MP @ 106.80. If we can reverse there, metals should be supported as well.
  • #11,919
  • Oct 11, 2011 1:41am Oct 11, 2011 1:41am
Quoting Doncex
I agree with you bro

bears into the road
gold 2 trades,all tp reached

told ya, bears in the road
Attached Image (click to enlarge)
Click to Enlarge Name: gold reached tp.gif Size: 19 KB
  • #11,920
  • Oct 11, 2011 1:51am Oct 11, 2011 1:51am
GLD seems to wave in the 4 hour Fibonacci range 23.6%- 38.2%.
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