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

  • #12,121
  • Edited 8:21am Oct 17, 2011 8:01am | Edited 8:21am
Quoting Goldmansacks
Buys in at

1657
1672
1678
1678.xx

SL's between 1500-1595 , with one at 1629

TP's set at 1702 (for now) at which point I will take stock and look to reload.

ALL positions mentioned above CLOSED OUT MANUALLY at 1685- took the $300ish and run, even though I feel the price COULD still very shortly hit 1702 even 1706+ 1714+ but to be honest I got tired of waiting for now and even though my SL's were down in the sub 1600's area I have decided to take the $$ and run... take my profits and wait for another re-entry point, would not surpise me to see Gold move to $1730ish v soon, and then I would be a little sad, but still...... better to be out and wishing you were in, than in wishing you were out, I will live to trade another day...



Patience again....

ps Still got my older lower leveraged longs going from $1600-$1620 with SL's down in the $1200-$1300's looking for a drop to add more... and may enter a few smaller scalps Long or Short as and when....

but geez this Gold market is making me itch atm


Happy trading guys !
  • #12,122
  • Oct 17, 2011 8:02am Oct 17, 2011 8:02am
October 17th 2005: Gold US $ 475 / oz.

October 17th 2006: Gold US $ 588 / oz.

October 17th 2007: Gold US $ 759 / oz.

October 17th 2008: Gold US $ 782 / oz.

October 17th 2009: Gold US $ 1052 / oz.

October 17th 2010: Gold US $ 1368 / oz.

September 6th 2011: Gold US $ 1920 / oz.

October 17th 2011: Gold US $ 1685 / oz.

Its not very easy to figure out what future holds!
  • #12,123
  • Oct 17, 2011 8:09am Oct 17, 2011 8:09am
http://www.forexfactory.com/attachme...1&d=1318856879
Attached Image (click to enlarge)
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  • #12,124
  • Oct 17, 2011 8:18am Oct 17, 2011 8:18am
Quoting forexfacts
October 17th 2005: Gold US $ 475 / oz.

October 17th 2006: Gold US $ 588 / oz.

October 17th 2007: Gold US $ 759 / oz.

October 17th 2008: Gold US $ 782 / oz.

October 17th 2009: Gold US $ 1052 / oz.

October 17th 2010: Gold US $ 1368 / oz.

September 6th 2011: Gold US $ 1920 / oz.

October 17th 2011: Gold US $ 1685 / oz.

Its not very easy to figure out what future holds!
? October 17 2012 : Gold US $ $2106- $2137 ?
  • #12,125
  • Oct 17, 2011 8:23am Oct 17, 2011 8:23am
Quoting Goldmansacks
? October 17 2012 : Gold US $ $2106- $2137 ?
no.It will be around 2300-2700$
  • #12,126
  • Oct 17, 2011 8:28am Oct 17, 2011 8:28am
Quoting Ravissek
no.It will be around 2300-2700$
Yep I could see that too, say $2400 ...but I like to be conservative.

What got you to the figure $2300-$2700 ?

Nothing flash at all in my prediction just based on a average (not including 08) 25% ish gain over a year, though I took the 25% from where I feel gold should have been in Oct 2011 (around $1710)

and before you all laugh I know there are more assumptions in my prediction than you coud shake a gold stick at... and it is not a trade reccomendation, or even something I will base any trades on myself, just a fun prediction/observation...
  • #12,127
  • Oct 17, 2011 8:38am Oct 17, 2011 8:38am
Quoting CathS
I love it Goldman, thanks for relieving some frustrations!!

no worries... pays to just relax sometimes
  • #12,128
  • Oct 17, 2011 8:47am Oct 17, 2011 8:47am
Quoting forexpr0
Who do you think is the most powerful gold mover?

Both Newmont and Barrick release their earnings data next week.
Bernanke
  • #12,129
  • Oct 17, 2011 9:12am Oct 17, 2011 9:12am
Quoting ventin75
Bernanke
Only Bernanke is speaking tomorrow @ 115pm ET, not Wednesday.
  • #12,130
  • Edited 9:59am Oct 17, 2011 9:44am | Edited 9:59am
Quoting ddinnov
I'm feeling more bearish now, Asia sold the EUR down a bit and that was before Germany came out this morning saying that this weekend would not be a difinitive solution to the debt crisis. I wonder what NY will do, I feel some risk off/correction/pullback to last week's bull run might be on the cards.

How this will affect gold I'm not sure. Wouldn't suprise me at all to see stocks/EUR/AUD etc take a hit and gold...
-------------

Do you not think that this is already priced in? I get the feeling that there is not really going to be a difinitive solution, not this weekend, or the one after that, nor the one after that, because as I see it there is not a actual solution to be offered, not until the pthb actually start getting real, and the markets I think must already be pricing this in... I do see a difinitive continuation of more "kicking the can down the road" which is what we are all expecting ? personally I CAN also see a dip occuring before the "solution" (aka mass QE) is announced, but I think there may be USD rally first (before it drops hard) which is when gold will take its dip, at which time I am looking to buy, closer to $1600 from there I think we are all set to go... once the printers get revved up I want to be on the right side of the trade...
  • #12,131
  • Oct 17, 2011 10:54am Oct 17, 2011 10:54am
So we hit 1695 and now slid back down below, 1680...........
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,132
  • Oct 17, 2011 11:11am Oct 17, 2011 11:11am
Get the feeling PA is saying wide range outside day down.
  • #12,133
  • Oct 17, 2011 11:51am Oct 17, 2011 11:51am
Wondering if it will pick up later during asia into london.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,134
  • Oct 17, 2011 1:12pm Oct 17, 2011 1:12pm
It really depends on what the all-powerful Benny boy says and how the big players respond, but this push down may be a good opportunity to get in the market.

As a small fry, I will await his comments. Generally speaking, I have been biding my time for November's Fed policy decision (or lack thereof) and as new regulations in the futures market take effect later in the month.

At the same time, it is starting to look like 1700 will be broken and a new range will be established. Getting in a buy at these levels may be a solid opportunity that won't last forever.

Cheers
  • #12,135
  • Oct 17, 2011 1:41pm Oct 17, 2011 1:41pm
S&P 500 cash broke 1200 level.
  • #12,136
  • Oct 17, 2011 2:18pm Oct 17, 2011 2:18pm
4H divergence on MACD and volume. 1665ish and the ascending trendline look like key support areas. I think the bears might be out for a bit.
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Anything can happen.
  • #12,137
  • Oct 17, 2011 3:14pm Oct 17, 2011 3:14pm
Buy At 1671.7
I dont think that gold will drop .Its Overcorrected
Time to move up
  • #12,138
  • Edited 7:40pm Oct 17, 2011 7:05pm | Edited 7:40pm
Quoting lilpip
Also, fri direction came up from daily trendguide 1662 , weekly guide 1668 and closed above monthly pivot 1674.
monthly
1895
1674
1452
monday daily
1696
1668
1640
daily highs reached @ 1696 with her rotation back to daily trend guide 1668 area with daily close above @ $1670. Silver turned around at the time gold did.
Eyes open to candle formation and pa on the 5 min. @ the 1672-74 area and silvers $32.00.
tue. daily
1693
1672
1651
tue. silver daily
32.90
32.00
31.10
  • #12,139
  • Oct 17, 2011 8:50pm Oct 17, 2011 8:50pm
Quoting lilpip
daily highs reached @ 1696 with her rotation back to daily trend guide 1668 area with daily close above @ $1670. Silver turned around at the time gold did.
Eyes open to candle formation and pa on the 5 min. @ the 1672-74 area and silvers $32.00.
tue. daily
1693
1672
1651
tue. silver daily
32.90
32.00
31.10
Its almost accurate, excellent work
  • #12,140
  • Oct 18, 2011 1:30am Oct 18, 2011 1:30am
Gold is LAZY bastard right now.
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