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

  • #31,861
  • Jan 21, 2014 7:23am Jan 21, 2014 7:23am
met some support at 1238
Gold Annihilation System
  • #31,862
  • Jan 21, 2014 7:24am Jan 21, 2014 7:24am
Quoting LarryLU
I expect price to go south (large swing) in next two weeks, but before that it has to reach 1260-1268, to satisfy the technical pre-requirements. Large selling order is accumulating around 1268. If 1275 breaks, then it will head to 1300.
It is still a little early than I expect, so didnt load enough short position. But still good to have some profit while most of the day time I have to work...
  • #31,863
  • Jan 21, 2014 7:34am Jan 21, 2014 7:34am
bounced from 1235
Gold Annihilation System
  • #31,864
  • Jan 21, 2014 7:35am Jan 21, 2014 7:35am
Quoting LarryLU
Im still holding my shorts, thinking it might reach 1225 or even lower. set SL to 1245.
1225 not today
Gold Annihilation System
  • #31,865
  • Jan 21, 2014 7:35am Jan 21, 2014 7:35am
Quoting goldJunkie
{quote} Closed these two shorts @ 1252, I think this could be going up.
closed untimely :-(

there is always another day, hope I get a ride up or down, fingers crossed. I'll wait for my signal.
  • #31,866
  • Jan 21, 2014 7:41am Jan 21, 2014 7:41am
long from 1236 to 1241
Gold Annihilation System
  • #31,867
  • Jan 21, 2014 7:45am Jan 21, 2014 7:45am
heads up ,long very risky ,did you see h4 ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #31,868
  • Jan 21, 2014 7:45am Jan 21, 2014 7:45am
Quoting Hunterrus
{quote} 1225 not today

possible if 1234 level taken out.
  • #31,869
  • Jan 21, 2014 7:47am Jan 21, 2014 7:47am
Volume is too high to go further down
Gold Annihilation System
  • #31,870
  • Jan 21, 2014 7:54am Jan 21, 2014 7:54am
Quoting Hunterrus
met some support at 1238

Yeah was expecting continuation south into new york city.
She was already in the Red before session opened.

If 1235/7 holds I may add there, with an short term target of 1260 for no. 2 - for today into tonight on hold I would be looking at
If not and they break I could see the negative extended into
USDX is up - not too much though.

If it stays like this and the aforementioned 1237 area holds I'll look for a close around 1240/1245 with potential to whipsaw back to at best 1250 area, which I am doubting, but today is a day the market can be pushed by large institutional orders.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,871
  • Jan 21, 2014 7:56am Jan 21, 2014 7:56am
Quoting kumaramy
{quote} http://www.forexfactory.com/showthre...96#post7222596
Great target , that is my fibo 50 target too
  • #31,872
  • Jan 21, 2014 8:11am Jan 21, 2014 8:11am
USDXXX is losing gains, possible that it's made the daily high already is over for it.

- - - - - - - - - - -

1239 is being a little thorn - If it turns todays PA from when London tanked the price, I may close all longs out. (well not have to but) want to book them inside at least mid 1240s.

Come to think of it, 1237 (Greenstar mentioned before ) is a minor support so far, with London selling and the day still young, NY may begin buying if she doesn't go any lower soon.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,873
  • Jan 21, 2014 8:13am Jan 21, 2014 8:13am
Quoting Hunterrus
Volume is too high to go further down
That H4 candle looks ugly for bulls though.
The true fact is market doesn't care, risk mgt is important.
  • #31,874
  • Jan 21, 2014 8:23am Jan 21, 2014 8:23am
Quoting Hunterrus
{quote} 1225 not today
Hi Hunterrus, I didnt mean it could happen today. I was expecting it to happen in two weeks but it comes earlier.

Btw, on the mid/long term, we are still in range and the lowest price to me is 1100 before end of March 2014. Which is unchanged from the statement I made at the beginning of this year.
  • #31,875
  • Jan 21, 2014 8:26am Jan 21, 2014 8:26am
for sure I believe it will be at 1000 soon
Gold Annihilation System
  • #31,876
  • Jan 21, 2014 8:29am Jan 21, 2014 8:29am
bouncing from 35 - can go to 41
Gold Annihilation System
  • #31,877
  • Jan 21, 2014 8:34am Jan 21, 2014 8:34am
Quoting Hunterrus
for sure I believe it will be at 1000 soon
I don't think 1000 is an easy target right now.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,878
  • Jan 21, 2014 8:36am Jan 21, 2014 8:36am
just for now I have nice bullish volume pattern if 35 holds today

nice spread UP
Gold Annihilation System
  • #31,879
  • Jan 21, 2014 9:22am Jan 21, 2014 9:22am
Quoting Hunterrus
just for now I have nice bullish volume pattern if 35 holds today nice spread UP

She is "ask" price back at 1240 - Thinking by days end we will see 1245 again. Technically just looking at New York it has only been a 5 USD drop so far.


London is what killed the price. Interesting too because it seems like lately, the bigger moves have been occuring during
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,880
  • Jan 21, 2014 9:35am Jan 21, 2014 9:35am
Quoting Hunterrus
just for now I have nice bullish volume pattern if 35 holds today nice spread UP
Are people buying or selling? What kind of pattern is it? I would be grateful if you guide me. You sound like a very smart guy to me.
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