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

  • #14,341
  • Dec 14, 2011 8:18am Dec 14, 2011 8:18am
Quoting giantgroup
I think there's little doubt now that 1600 is going to be breached on or before the NY session. interesting to see what happens after the breach
Although monthly trend is down, no assumptions, take it a day at a time lets first see what 1595-1605 area has to say for the day.
  • #14,342
  • Dec 14, 2011 8:19am Dec 14, 2011 8:19am
Quoting Ravissek
One way to make money on gold hold your short

ravissek

you are finally making money, eh ?

iam on a sell from 1627.


does anyone know why gold is falling so heavily ~?
  • #14,343
  • Dec 14, 2011 8:24am Dec 14, 2011 8:24am
Quoting whatfx
ravissek

you are finally making money, eh ?

iam on a sell from 1627.


does anyone know why gold is falling so heavily ~?
Yeas i am,i was planning to short on 1640 but i waited till my selstop on 1622 is broken.
I think only reason to gold drop is euro crysis now.euro falling dollar rising gold falling.
Only my opinion...
  • #14,344
  • Dec 14, 2011 8:24am Dec 14, 2011 8:24am
Appears 1620 provided little or no support. Things are getting very interesting. Eye on 1600
  • #14,345
  • Dec 14, 2011 8:24am Dec 14, 2011 8:24am
Quoting lilpip
Although monthly trend is down, no assumptions, take it a day at a time lets first see what 1595-1605 area has to say for the day.
1607 now.
  • #14,346
  • Dec 14, 2011 8:25am Dec 14, 2011 8:25am
out for +20 pips
  • #14,347
  • Dec 14, 2011 8:31am Dec 14, 2011 8:31am
Been short from 1635. Stop loss now at break even. Wanted to take profit at 1608 but considering the little weakness at 1620, There might still be some degree of downward momentum. I think Bulls are a bit cautious now
  • #14,348
  • Dec 14, 2011 8:32am Dec 14, 2011 8:32am
Platinum trading at Year Low ??
  • #14,349
  • Dec 14, 2011 8:36am Dec 14, 2011 8:36am
short entry 1655. sl 1629.
Run Gold run to the 1520
  • #14,350
  • Dec 14, 2011 8:51am Dec 14, 2011 8:51am
Quoting forexfacts
1607 now.
10-4
and back to 1617 and the response is noted.
  • #14,351
  • Dec 14, 2011 8:53am Dec 14, 2011 8:53am
Quoting giantgroup
Been short from 1635. Stop loss now at break even. Wanted to take profit at 1608 but considering the little weakness at 1620, There might still be some degree of downward momentum. I think Bulls are a bit cautious now
take partials and if she breaks below 1595 let the rest ride, besides we dont need the entire days range only a third or so.
  • #14,352
  • Dec 14, 2011 8:54am Dec 14, 2011 8:54am
Will look to open a small buy here assuming support @ 1600
  • #14,353
  • Edited 9:01am Dec 14, 2011 8:55am | Edited 9:01am
Quoting forexfacts
Platinum trading at Year Low ??
Yes Platinum is at 1 year low !

Correction:

Platinum is at 2 Year Low.
  • #14,354
  • Dec 14, 2011 9:02am Dec 14, 2011 9:02am
Quoting lilpip
10-4
and back to 1617 and the response is noted.
That could be just profit taking.
  • #14,355
  • Dec 14, 2011 9:10am Dec 14, 2011 9:10am
Quoting lilpip
take partials and if she breaks below 1595 let the rest ride, besides we dont need the entire days range only a third or so.
Wise Advise. Just moved SL to 1624 and closed 1/3 position @ 1603. Thanks
  • #14,356
  • Dec 14, 2011 9:15am Dec 14, 2011 9:15am
hy giant,
i am too.
sl at 162

Quoting giantgroup
Wise Advise. Just moved SL to 1624 and closed 1/3 position @ 1603. Thanks
  • #14,357
  • Dec 14, 2011 9:19am Dec 14, 2011 9:19am
And now 1600! Will watch out for the shape of 5 minute that breaches it. That could tell us how far down we'll go. Reluctant to add to my shorts though
  • #14,358
  • Dec 14, 2011 9:22am Dec 14, 2011 9:22am
Good prices, very crucial period, are "they" going to pump it from here or dump it, is a multi billion dollar question at the moment
  • #14,359
  • Dec 14, 2011 9:30am Dec 14, 2011 9:30am
Quoting forexfacts
Good prices, very crucial period, are "they" going to pump it from here or dump it, is a multi billion dollar question at the moment
Cerntainly a moment of caution. Closed a further third of my position. And tightened SL to 1612.
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  • #14,360
  • Dec 14, 2011 9:30am Dec 14, 2011 9:30am
Quoting giantgroup
And now 1600! Will watch out for the shape of 5 minute that breaches it. That could tell us how far down we'll go. Reluctant to add to my shorts though
A commodity selloff...interesting.

Nearly everything in decline except soy and wheat. http://money.cnn.com/data/commodities/

I'm going to stick with my strategy of holding out. Not taking a profit on my sell and expose my buy to further downside.

If I were out of the market (and adequately funded), I would start with a tiny buy here, and have a grid of buy limits increasing in size going down to 1000.

Not sure if there is blood in the streets just yet, but I wouldn't wait too long to get in on the action.

Gauging the across the board sell-offs in all commodities, this drop is paper-based. Price rises are fundamentally sound, while sells seem to be technical and quite sudden.
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