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

  • #19,041
  • Jun 3, 2012 7:25pm Jun 3, 2012 7:25pm
Quoting lilpip
The girl says no to monthly close below 1600.
Also eyes on 27.90-95 area.
Areas of extra interest this week
1650
1580
1540
You mean weekly's close, right?

May closed @ 1560, Week @ 1622.

Price es near DTL in both gold and silver.
  • #19,042
  • Jun 3, 2012 9:22pm Jun 3, 2012 9:22pm
Quoting mrhb30jr
Hi all,

Gold - 1.600 area..... Time to going down .....
http://www.forexfactory.com/showthre...48#post5702148

cheers
Hi All,

I'm going short at 1615 ....

Cheers
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  • #19,043
  • Jun 3, 2012 9:39pm Jun 3, 2012 9:39pm
Quoting mrhb30jr
Hi All,

I'm going short at 1615 ....

Cheers
So, Will you keep that short until price reaches 1332?
  • #19,044
  • Jun 3, 2012 10:32pm Jun 3, 2012 10:32pm
Quoting jsr
So, Will you keep that short until price reaches 1332?

Hi Jsr,

Yes, Yes, I will keep and maintain SELL Order for my long term target .....133x,x Area .....

Cheers
  • #19,045
  • Jun 3, 2012 10:41pm Jun 3, 2012 10:41pm
Quoting jsr
So, Will you keep that short until price reaches 1332?
If only it were that simple...
  • #19,046
  • Jun 3, 2012 11:01pm Jun 3, 2012 11:01pm
Quoting mrhb30jr
Hi Jsr,

Yes, Yes, I will keep and maintain SELL Order for my long term target .....133x,x Area .....

Cheers

You are very brave but I have to respect your decision.
  • #19,047
  • Jun 4, 2012 12:04am Jun 4, 2012 12:04am
Quoting multi888
You are very brave but I have to respect your decision.
Hi multi888,

I'm sorry, I can't explain to you very detail, but i have my own risk and my entry base on the my plan on weekly and monthly TF,


Cheers
Attached Image(s) (click to enlarge)
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  • #19,048
  • Jun 4, 2012 1:10am Jun 4, 2012 1:10am
It would be good if we could enter the channel again (that means - breaking the 1640 barrier) and stay there.

P.S. I thought XT gave up on us, nice to have him back .
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  • #19,049
  • Jun 4, 2012 3:39am Jun 4, 2012 3:39am
Quoting mrhb30jr
Hi multi888,

I'm sorry, I can't explain to you very detail, but i have my own risk and my entry base on the my plan on weekly and monthly TF,


Cheers
Two questions - do you not take any notice of fundamentals eg the growing likelihood of QE? Do you not feel that a secure bottom has been found in the low 1500s?

Pleas try and explain your thinking some more

Thank you
  • #19,050
  • Jun 4, 2012 4:58am Jun 4, 2012 4:58am
closed my longs and am scalping within the read lines. Waiting what happens at 1630
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  • #19,051
  • Jun 4, 2012 6:18am Jun 4, 2012 6:18am
Quoting fibbonix
closed my longs and am scalping within the read lines. Waiting what happens at 1630
I am doing a SELL on 1622.15. Is it ok? T/P at 1612.15.
  • #19,052
  • Edited 7:39am Jun 4, 2012 6:48am | Edited 7:39am
Quoting nicholasds
I am doing a SELL on 1622.15. Is it ok? T/P at 1612.15.
I don't mean to be rude but there are 19,000+ comments on this thread to help YOU decide what to do. How many have you read? Nobody knows your circumstances, risk tolerances or objectives so nobody can advise you. If you are fool enough to take the advice of people you don't know anything about then you will certainly lose your money - if not this time then sometime in the future....

If you don't know what to do then I would suggest you employ a professional money manager to look after things for you.

Good luck

beeb
  • #19,053
  • Edited 9:37am Jun 4, 2012 9:20am | Edited 9:37am
Potential wedge on M15


edit: wedge appears to have broken to the bearish side on the M5
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  • #19,054
  • Edited 10:37am Jun 4, 2012 10:16am | Edited 10:37am
Despite London being out today and tomorrow am seeing GC Daily at an interesting place. If it can find support here and remain above the red UP as alluded to in post #19240 and then proceed to move up I would view that as potentially v bullish.

http://www.screencast.com/t/4Mwrfo61HsYI

beeb

EDIT = green fork is so far untested and should not yet be relied on......
EDIT 2 = btw it's important not to get "wedded" to your technical analysis - if a line that should hold breaches, that sometimes tells me more than if it held. I will change my analysis in a heartbeat if the charts tell me to do so - a comment plagiarised off a friend.......
  • #19,055
  • Jun 4, 2012 10:18am Jun 4, 2012 10:18am
Quoting cg uno
Two questions - do you not take any notice of fundamentals eg the growing likelihood of QE? Do you not feel that a secure bottom has been found in the low 1500s?

Pleas try and explain your thinking some more

Thank you
hi cg uno,

i have notice b4
just check
http://www.forexfactory.com/showthre...48#post5702148
http://www.forexfactory.com/showthre...48#post5702148

my key point 1600 resistance of the previous monthly TL
and the old support at 1527 ..... So far, the support shelf at $1527 remains intact. There are now five touch points of this shelf, indicating its importance. When it breaks, gold prices should cascade lower. Today's high of $1630.02 is at the .382 retracement of the decline from the wave 2 high at $1791.16. Prices could turn down now or after an attempt to retrace 50% of the prior decline, which occurs at $1660. I just entry from the resistance level and now let see ....

cheers
  • #19,056
  • Jun 4, 2012 10:50am Jun 4, 2012 10:50am
Sold the rally on Friday 3hrs till market close. Held through the weekend. Scaled out 1/2 for +5% profit today and moved sl to b/e. Great start of the week for me and I wish everyone luck in the upcoming days. Trade safe ,)
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  • #19,057
  • Jun 4, 2012 11:52am Jun 4, 2012 11:52am
Anybody can tell me why gold is not high right now with the usd weakness ???
  • #19,058
  • Jun 4, 2012 11:57am Jun 4, 2012 11:57am
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
http://www.reuters.com/article/2012/...8H43OJ20120604

Quoting Peet91
Anybody can tell me why gold is not high right now with the usd weakness ???
  • #19,059
  • Jun 4, 2012 12:17pm Jun 4, 2012 12:17pm
thanks fib for the press article you bring , but I need to know that's mean gold will still in consolidation till other news or wait for what " Bernanke " ??
any idea guys ?
  • #19,060
  • Jun 4, 2012 12:33pm Jun 4, 2012 12:33pm
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
Quoting Peet91
thanks fib for the press article you bring , but I need to know that's mean gold will still in consolidation till other news or wait for what " Bernanke " ??
any idea guys ?
Hello Peet,

I think it will not be any big moves till Bernanke and Draghi start to sing ..
For me I'm waiting to go long at 1600, 1597 .
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