XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1097 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #21,921
  • Dec 19, 2012 8:27am Dec 19, 2012 8:27am
Quoting vunamhung
Hi every one
Gold will come back 1622 at the end of Dec, what do you think about it?
I don't know how that works, but I can see gold at that price.

Quoting jsr
...
I see a descendent channel, so I'm waiting to see gold recover some strenght to buy dips.

1691-1698 is my first expected support

two more zones:

1645-1676 for a double bottom

1623-1629 test of ascending triangle broken last august.
Attached Image (click to enlarge)
Click to Enlarge Name: xau-h4-20121219.png Size: 89 KB
  • #21,922
  • Dec 19, 2012 8:58am Dec 19, 2012 8:58am
Quoting forexmnstr
traders ... is there any one knows why the sudden drop ... yesterday ... from 1703 down to 1660 in a matter of hours
I like these guys for analysis
http://www.gata.org/
to see their track record you need to go back to 2007 or even earlier . solid I think
http://www.gata.org/node/4843
When I checked several of their references they were spot on
Here is an example
Easily verified and a shocking to say the least
http://www.gata.org/node/5606

The same folks that brings us QEP allow paper gold to be "printed" with blatant disregard for actual supply.
I read last night among the many resources that if the actual gold quantity being traded daily were to require delivery price would necessarily approach $10,000USD per oz or even higher.

As long as there are central banks and the brokers who can create something out of thin air we will have such drops as they can always overwhelm either supply or demand and then in the chaos that insures cover their position at profit. The best advice to to do what they do when they do it . Never fight them or try to rationalize with solid fundamental analysis . Its like "peeing" in the ocean....the action does not raise the water level nor does it impact the color of the water .
/goldsilverworlds.com/gold-silver-general/central-banks-paper-gold-vs-physical-gold-is-the-dust-settling/http://

http://www.gata.org/node/5606http://
Trading Consultants Inc JJG
  • #21,923
  • Dec 19, 2012 9:13am Dec 19, 2012 9:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-19_ARL-53946.jpg Size: 170 KB


here is the basic grid to draw

1 andrews pitchfork,
2 shiff,
3 mod shiff

perhaps along with the blind punts,we could have a chart or too

thanks

Pike
  • #21,924
  • Dec 19, 2012 11:42am Dec 19, 2012 11:42am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
The settlement date for December 2012 Comex gold and silver futures is Dec. 27th, and since gold seems to be behaving more like it did last year than the 20 year seasonal average this will likely be the last sell-off of this year and herald the gold price reversal back upwards.

Take note that last year gold fell $100 from Dec 19th to the low on Dec 27th with a $25 false breakout to the upside on Dec 20th. Though we don't seem to have the same volatility as last year, if you're placing advance orders at certain price targets, be certain to place stops that you can afford to lose just in case.
You can always make money tomorrow provided you don't lose it today.
  • #21,925
  • Dec 19, 2012 12:17pm Dec 19, 2012 12:17pm
Quoting beeb
Thanks for the compliment - My chart and my lines....

Further info in Xtrade's opening comment or check out www.coghlancapital.com - I have no financial or other interest in the site...

beeb
Hello Beeb and all traders on this thread.
My first post but Ive been following the thread for couple of months.
Beeb your charting skills stay on high level I checked the service you recomended
and I think both Paul and Andrew are top specialist in what they doing and you ve got
a good learn from them.
Im going to sign for Paul service but I think about Andrew Metals trades service too.
Have you used the service before or know someone who was using it and was succesful or not.
Im just concern if I can be able to copy Andrews trades quick enough to get a similar results.

thanks in advance
  • #21,926
  • Dec 20, 2012 4:08am Dec 20, 2012 4:08am
It is really amazing forum, I am new in the commodity market, unfortunetly enter the gold long position at $1681 any suggestion either to close it or stay

regards
  • #21,927
  • Dec 20, 2012 7:58am Dec 20, 2012 7:58am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting kshahzad
It is really amazing forum, I am new in the commodity market, unfortunetly enter the gold long position at $1681 any suggestion either to close it or stay

regards
I hope you had the good sense to close this position before it dropped another $15 from where it was when you made this post. What was your reasoning behind opening a long at $1681?
You can always make money tomorrow provided you don't lose it today.
  • #21,928
  • Dec 20, 2012 8:21am Dec 20, 2012 8:21am
Quoting KADC
I hope you had the good sense to close this position before it dropped another $15 from where it was when you made this post. What was your reasoning behind opening a long at $1681?
may down to 1642 after philly fed.
Forex Trading is like Fitness: the Key is Patience.
  • #21,929
  • Dec 20, 2012 8:37am Dec 20, 2012 8:37am
Quoting KADC
I hope you had the good sense to close this position before it dropped another $15 from where it was when you made this post. What was your reasoning behind opening a long at $1681?
How much more do you think Gold/Silver may drop before resuming the uptrend.. Gold has already fallen more than $100 in less than a month and Silver by $4...
  • #21,930
  • Dec 20, 2012 8:38am Dec 20, 2012 8:38am
Ok boys, now 1600-1650 is ideal target to take long. I taking now, don't have patience to play this nerve game.
  • #21,931
  • Dec 20, 2012 8:49am Dec 20, 2012 8:49am
Quoting vaidas7777
Ok boys, now 1600-1650 is ideal target to take long. I taking now, don't have patience to play this nerve game.
just few minutes before philly fed? I am still waiting.
Forex Trading is like Fitness: the Key is Patience.
  • #21,932
  • Dec 20, 2012 8:53am Dec 20, 2012 8:53am
Quoting vaidas7777
Ok boys, now 1600-1650 is ideal target to take long. I taking now, don't have patience to play this nerve game.
Seriously? That's the kind of call you are going to make without any justification and a 50 dollar range? Such calls should be kept to yourself. There are many who are new to gold and might get wiped out just because they took your advise. What a d**k.
Education has its reward, ignorance has its price.
  • #21,933
  • Dec 20, 2012 8:56am Dec 20, 2012 8:56am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting Pratik
How much more do you think Gold/Silver may drop before resuming the uptrend.. Gold has already fallen more than $100 in less than a month and Silver by $4...
As I posted yesterday, last year gold fell another $100 from where it was at this date. It fell $250 for the month. Will it happen this year, I don't know, but I certainly wouldn't go long until after the 27th.
You can always make money tomorrow provided you don't lose it today.
  • #21,934
  • Dec 20, 2012 9:28am Dec 20, 2012 9:28am
Quoting Uneek
Seriously? That's the kind of call you are going to make without any justification and a 50 dollar range? Such calls should be kept to yourself. There are many who are new to gold and might get wiped out just because they took your advise. What a d**k.
Anyway newbies will loose... But for seasoned and beaten people thats a good bet.
  • #21,935
  • Dec 20, 2012 9:39am Dec 20, 2012 9:39am
Quoting vaidas7777
Anyway newbies will loose... But for seasoned and beaten people thats a good bet.
Yeah I must have missed that disclaimer cause the font was so small.
Education has its reward, ignorance has its price.
  • #21,936
  • Dec 20, 2012 9:47am Dec 20, 2012 9:47am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting vaidas7777
Anyway newbies will loose... But for seasoned and beaten people thats a good bet.
No, it isn't a good bet. It's unreasoned, unfounded, and undisciplined. This may be fun and games to you playing with your demo account, but most of the people in this forum have invested real money, so please only make posts when you can back up your statements with genuine technical analysis.
You can always make money tomorrow provided you don't lose it today.
  • #21,937
  • Dec 20, 2012 9:49am Dec 20, 2012 9:49am
can someone gie me open mind for trade, last day im lbig loss my balance.. hahahahaaa
ahdts
  • #21,938
  • Dec 20, 2012 10:16am Dec 20, 2012 10:16am
Quoting ahdts
can someone gie me open mind for trade, last day im lbig loss my balance.. hahahahaaa
If you are looking to go long then I would wait for gold to settle and find support which at the moment it hasn't. If you are looking to go short, you might be a bit too late as we could be near a bottom. So my suggestion would be to sit on the side and watch to see what happens.
Education has its reward, ignorance has its price.
  • #21,939
  • Dec 20, 2012 10:26am Dec 20, 2012 10:26am
Quoting Uneek
If you are looking to go long then I would wait for gold to settle and find support which at the moment it hasn't. If you are looking to go short, you might be a bit too late as we could be near a bottom. So my suggestion would be to sit on the side and watch to see what happens.
Patience is the key, that's why i didn't long when it touched 1645, market manipulation and green us news number, too risky for long atm.
Forex Trading is like Fitness: the Key is Patience.
  • #21,940
  • Dec 20, 2012 10:32am Dec 20, 2012 10:32am
thats right.
you can see on my trade explorer.. can you give me suggest to trading again?

Quoting Uneek
If you are looking to go long then I would wait for gold to settle and find support which at the moment it hasn't. If you are looking to go short, you might be a bit too late as we could be near a bottom. So my suggestion would be to sit on the side and watch to see what happens.
ahdts
78 traders viewing now