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

  • #16,901
  • Feb 29, 2012 10:46am Feb 29, 2012 10:46am
Quoting stevebalmmer
and what bernanke says?
u can search / get it in ff
  • #16,902
  • Feb 29, 2012 10:49am Feb 29, 2012 10:49am
Quoting XTrade

If you want to enter aggressively you could take a chance long now.

Otherwise wait for the dust to settle and see how the PA has reacted by the London close and the NY afternoon start.

I doubt it will stay at these lows.

This is an almost 90 USD discount.
then do u take it long?
  • #16,903
  • Feb 29, 2012 10:50am Feb 29, 2012 10:50am
looking for price to reeturn to 1750
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,904
  • Feb 29, 2012 10:50am Feb 29, 2012 10:50am
Quoting kaka_ht
My system works so good!
http://i39.tinypic.com/2d293jp.png
care to share your system?
thanks
  • #16,905
  • Feb 29, 2012 10:50am Feb 29, 2012 10:50am
wich system, please tell us all traders!

Quoting kaka_ht
My system works so good!
http://i39.tinypic.com/2d293jp.png
  • #16,906
  • Feb 29, 2012 10:51am Feb 29, 2012 10:51am
I did live at 1711 and demo 1714
Quoting sniperfxmy
then do u take it long?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,907
  • Feb 29, 2012 10:51am Feb 29, 2012 10:51am
He has no system
Quoting sniperfxmy
care to share your system?
thanks
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,908
  • Feb 29, 2012 10:55am Feb 29, 2012 10:55am
Quoting XTrade
I did live at 1711 and demo 1714
what a great entry!
I have no enemy; I make Incautiousness my Enemy.
  • #16,909
  • Feb 29, 2012 10:56am Feb 29, 2012 10:56am
dont enter now
now time to draw all lines again
PA can test 1650-1660 as well
my buy still remains open looks like I need to wait another month :'(
  • #16,910
  • Feb 29, 2012 10:57am Feb 29, 2012 10:57am
It looks like there was a dip on the price being stagnant.

The dip accelerated and then a bunch of stops got triggered - creating sell orders - pushing the price further down.

The dust settles when the price is not moving fast. You should know this.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,911
  • Feb 29, 2012 11:03am Feb 29, 2012 11:03am
It is gold's bull market, silver is still inflated.
  • #16,912
  • Feb 29, 2012 11:07am Feb 29, 2012 11:07am
Quoting XTrade
It looks like there was a dip on the price being stagnant.

The dip accelerated and then a bunch of stops got triggered - creating sell orders - pushing the price further down.

The dust settles when the price is not moving fast. You should know this.
Sorry. Mr XTrade.
I got that. It just slipped my mind.

breeze
  • #16,913
  • Feb 29, 2012 11:08am Feb 29, 2012 11:08am
i'm long gold and silver..

i think if gold bull very powerful we may see gold back to 1769 and silver 36.65..but gold area at 1745 very important.
  • #16,914
  • Feb 29, 2012 11:20am Feb 29, 2012 11:20am
Quoting XTrade
What system? you have a naked chart> explain please.
I counted EW for long-term!And I combine this count with other indicator(Math Murray,Fractal)for good entries)
Here is my count at D1 Gold for a quite long time ago!

http://i44.tinypic.com/550xf5.png
  • #16,915
  • Feb 29, 2012 11:22am Feb 29, 2012 11:22am
Quoting XTrade
BUT WAIT FOR THE DUST TO SETTLE first.

ANyone who was short got a lucky trade today.
Sorry Xman, don't agree with the lucky part, sold last night at 1786, MA's had crossed on 4hr and then price came back up to touch resistance, plus Macd divergence. I put TP at 1766 but ended up taking profit around 1772 just to see the bottom drop out. tooo soon!

I do however agree with letting everything cool off especially with tomorrow being the first of the month.

jsr-monthly pin bar- that would be scarishly bearish unless this is just finishing off the weekly inverse H&S.
  • #16,916
  • Feb 29, 2012 11:40am Feb 29, 2012 11:40am
Too soon, but weekly could close with a bearish engulfing.

Let's see.

I have no bias, right now.
  • #16,917
  • Feb 29, 2012 11:42am Feb 29, 2012 11:42am
wow 1715
it time to long?
  • #16,918
  • Feb 29, 2012 11:42am Feb 29, 2012 11:42am
If it can't break 1700 with reinforced support now at 1710 it won't hit 1650.

I would almost welcome 1650 due to the fact that it would be a test of the broken triangle after several days.

However it is a bit late at this point.

So we will see.

Quoting jaimini
dont enter now
now time to draw all lines again
PA can test 1650-1660 as well
my buy still remains open looks like I need to wait another month :'(
This is what dropped the market. Plain and simple. It has little to do with techs. This is why I said always be aware of the news and headlines.
"
Comex Gold Falls On Bernanke Remarks; Profit-Taking Cited Ahead Of $1,800 Region"
http://www.kitco.com/reports/KitcoNe...oldupdate.html

We are a bit late on clearing 1800 and technically it should have happened already. So what do people do? Book profits. But as the price slides due to that some with tight stops got triggered and this further accelerates the decline.

It can be like trying to catch a falling knife.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,919
  • Feb 29, 2012 12:02pm Feb 29, 2012 12:02pm
Quoting XTrade
If it can't break 1700 with reinforced support now at 1710 it won't hit 1650.

I would almost welcome 1650 due to the fact that it would be a test of the broken triangle after several days.

However it is a bit late at this point.

So we will see.

We...
followup http://www.forexfactory.com/showthre...11#post5397711
Hi, XTrade,
I think 1835 is off the table. wave (d) is not completed yet. X-wave should provide support for now.
best, Blythe
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Lehman Sisters Wouldn't Have Failed
  • #16,920
  • Feb 29, 2012 12:48pm Feb 29, 2012 12:48pm
I have to disagree.

I think as long as this move is contained, we should resuming buying at the new discount rate and push forward into the 1800s.

Had the price been above 1800 and this move occurred the scenario may have played out quite differently.

Anything can happen anytime though and I hope this was a good experience for all the Newbies about HOW QUICKLY Gold can move on headlines and news, with complete disregard for all technical interim supports on it's way down.

FEAR, GREED, NEWS, all move gold.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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