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

  • #15,981
  • Jan 31, 2012 11:25pm Jan 31, 2012 11:25pm
Quote
No-one should put you under this pressure unless they are paying you as an adviser in which case you need to earn that $ by making the decision yourself.

You don't know any of these people that you are asking to make a decision for you - sorry to sound harsh but no-one should have to take responsibility for someone else winning or losing because of something that they have said...

No pressure Miss, actually he is a dear friend of mine, and he is asking for my advise
  • #15,982
  • Jan 31, 2012 11:59pm Jan 31, 2012 11:59pm
Quoting birons
Hi all,

Inclining channel established. See Feb as another bull month at this point. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited imo. Anticipating 1660 by weeks end.

On the weekly we see a possible rounding up and cross over on the MACD and Stochs. A breakout of the channel is possible.

Don't know if anyone has noticed but over the last year or so on a day when silver drops a little and the gold price rises a little, it is often followed by a day when both shoot up.

Yesterdays spike...

So it took 6 months for Venezuela to get their gold back, hmm, good piece of information there, Thanks
  • #15,983
  • Feb 1, 2012 2:03am Feb 1, 2012 2:03am
Quoting forexfacts
Now here is a situation, and it is not mine, i have to advise someone who is going to jump in on my recommendation, so i am Double cautious, if its my loss i can bear it but if its someone else's i'll hold myself guilty, for sure.
So should i tell him to buy at these prices or not, because he'll do it right away whatever i tell him, i need a Yes or No.
Bemac's Yes is clear, i want Lilpip, Xtrade and Suntrader's Yes, a clear Yes or No please.
My advice is to not put yourself in this position. Tell your friend you don't do prediction, but just follow the price.

It is also unfair on the traders here to bluntly ask for a yes or no answer, the answers will always be conditional.
  • #15,984
  • Feb 1, 2012 2:08am Feb 1, 2012 2:08am
Quoting lilpip
Bias for feb. is up from 1687.
feb monthly
1827
1687
1547
Where do these numbers come from, please?

They are exactly $140 apart.

I recognise 1827 and 1547 as fibs from the 1921-1523 move (76.4 and 5.9%) - 1687 is in the middle of these, but does it have other significance? S/R maybe?
  • #15,985
  • Feb 1, 2012 2:23am Feb 1, 2012 2:23am
Big spike on AG when London opened. AU not to shabby either. Should be an interesting day hopefully after ranging for so long!
  • #15,986
  • Feb 1, 2012 4:43am Feb 1, 2012 4:43am
Price finding some resistance at R1
Attached Image (click to enlarge)
Click to Enlarge Name: Gold1feb12.png Size: 40 KB
  • #15,987
  • Feb 1, 2012 5:47am Feb 1, 2012 5:47am
Quoting fuse
Price finding some resistance at R1
although I have 1761 as mon. highs Im looking at 1748 as an area of extra interest and response .
eyes open on the 5 min.
  • #15,988
  • Feb 1, 2012 5:53am Feb 1, 2012 5:53am
Quoting ikdenk
Where do these numbers come from, please?

They are exactly $140 apart.

I recognise 1827 and 1547 as fibs from the 1921-1523 move (76.4 and 5.9%) - 1687 is in the middle of these, but does it have other significance? S/R maybe?
floor traders pivot
using last 3 timeframes considerd.
I also use single.
just as your following your last 3 bars on the 5 min. for direction, I do the same on timeframes above.
  • #15,989
  • Feb 1, 2012 6:53am Feb 1, 2012 6:53am
Quoting forexfacts
........i have to advise someone who is going to jump in on my recommendation, .......... i need a Yes or No. .....
No.

As in don't advise them either way.
  • #15,990
  • Feb 1, 2012 6:58am Feb 1, 2012 6:58am
Quoting birons
Yesterdays spike to 1645 may have been attributed to this:......
What spike?

Yesterday or today.
  • #15,991
  • Feb 1, 2012 7:57am Feb 1, 2012 7:57am
Nice overnight HIGH at 1750! Gold
Silver - Still in the 33.60 area. Good cause I'm going to the coin shop today...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,992
  • Feb 1, 2012 9:14am Feb 1, 2012 9:14am
Quoting XTrade
Nice overnight HIGH at 1750! Gold
Silver - Still in the 33.60 area. Good cause I'm going to the coin shop today...
ah gold , me likeyyyyyyyyyyyyyyyyyyyyyyyyyyy~~~~~
trading is my zen
  • #15,993
  • Feb 1, 2012 9:56am Feb 1, 2012 9:56am
Take a look at Aussie and Kiwi, G R E A T moves.

GBP and Euro nice indeed.

Let's see if we can close out gold above 1750
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,994
  • Feb 1, 2012 10:10am Feb 1, 2012 10:10am
Quoting ShirleyLo
ah gold , me likeyyyyyyyyyyyyyyyyyyyyyyyyyyy~~~~~
I likey you Long Time. Where ya been Shirley?

B
  • #15,995
  • Feb 1, 2012 10:19am Feb 1, 2012 10:19am
Quoting Bemac
I likey you Long Time. Where ya been Shirley?

B
around US for the whole month. It's been weird, I spent all my spare changes on beggers in Chicago. Crazy! But you know, customers still flooded Harry Winston for Christmas.

I think US isn't THAT screwed, just a few desperate humans...

and how are you, Uncle Bemac ? Any new views on Gold/Euro/USD? I get the sense something bad is gonna happen to EUR really soon....which usually drags gold down with it (maybe temporarily ... )..
trading is my zen
  • #15,996
  • Feb 1, 2012 10:46am Feb 1, 2012 10:46am
It looks to me like Gold has had it's run...having a tough time with 1750. $228 in just over a month is a great run but I feel a pullback/profit taking coming. I'm starting to hear people say "you better buy Gold", "I just got the buy signal on Gold". Usually the time for a drop. 1690-1710 looks like a good area to target.

(I will be like the forex commentators now with really no opinion) Although, we could push through higher on more poor US news etc.... LOL.
  • #15,997
  • Feb 1, 2012 12:06pm Feb 1, 2012 12:06pm
Quoting ShirleyLo
around US for the whole month. It's been weird, I spent all my spare changes on beggers in Chicago. Crazy! But you know, customers still flooded Harry Winston for Christmas.

I think US isn't THAT screwed, just a few desperate humans...

and how are you, Uncle Bemac ? Any new views on Gold/Euro/USD? I get the sense something bad is gonna happen to EUR really soon....which usually drags gold down with it (maybe temporarily ... )..
& Serym:
"It looks to me like Gold has had it's run...having a tough time with 1750. $228 in just over a month is a great run but I feel a pullback/profit taking coming. I'm starting to hear people say "you better buy Gold", "I just got the buy signal on Gold". Usually the time for a drop. 1690-1710 looks like a good area to target.

(I will be like the forex commentators now with really no opinion) Although, we could push through higher on more poor US news etc.... LOL."

Long 3 Entries. Still thinking the 1,775 range.
Attached Image (click to enlarge)
Click to Enlarge Name: _feb 01 daily @1746.gif Size: 34 KB


B
  • #15,998
  • Feb 1, 2012 12:13pm Feb 1, 2012 12:13pm
Quoting Bemac
& Serym:
"It looks to me like Gold has had it's run...having a tough time with 1750. $228 in just over a month is a great run but I feel a pullback/profit taking coming. I'm starting to hear people say "you better buy Gold", "I just got the buy signal on Gold". Usually the time for a drop. 1690-1710 looks like a good area to target.

(I will be like the forex commentators now with really no opinion) Although, we could push through higher on more poor US news etc.... LOL."

Long 3 Entries. Still thinking the 1,775 range.
Attachment

B...
nice longs Bemac sir!

(he wants to trigger my stops clearly...)


are all ure entries based on the daily? or do you squeeze entry with an intraday solution or ... setup or whatever its called?

just wondering

buma
Have I got something on my face, SOLDIER?
  • #15,999
  • Feb 1, 2012 12:15pm Feb 1, 2012 12:15pm
Fulfillment of the WEEKLY Symmetrical Triangle will offer up a target of 2100 USD per ozt.

Above the mid line on the channel I feel a test of the channel top is imminent before any significant pullback.

We will see.

1750 is not really much of an area of interest.
There was a period it may have been interim resistance, although I think it's a bit premature to call this run out of steam after a coiled price for weeks and an 80 USD breakout and close.

Go short, you may grab some cash but be quick incase it reverses,

Quoting Sreym33
It looks to me like Gold has had it's run...having a tough time with 1750. $228 in just over a month is a great run but I feel a pullback/profit taking coming. I'm starting to hear people say "you better buy Gold", "I just got the buy signal on Gold". Usually the time for a drop. 1690-1710 looks like a good area to target.

(I will be like the forex commentators now with really no opinion) Although, we could push through higher on more poor US news etc.... LOL.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,000
  • Feb 1, 2012 12:25pm Feb 1, 2012 12:25pm
Quoting bumapatria
nice longs Bemac sir!

(he wants to trigger my stops clearly...)


are all ure entries based on the daily? or do you squeeze entry with an intraday solution or ... setup or whatever its called?

just wondering

buma
All Trades Based in Daily & UP (Weekly/Monthly). I do use 4 & 1 Hr charts for Timing Entries tho. Less than that is a Noisey Crapshoot.


B
Thanks. If You can handle it, Move your SL to 18.Then exit ~ 1,710.
Yo're gonna be a Guru by the time you are 16. I Love it.
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