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

  • #32,041
  • Jan 23, 2014 9:24am Jan 23, 2014 9:24am
Quoting Spec_And
Looks weak, stocks are selling off but gold isn't catching a bid, 1262 could be the top of this correctional wave (although I was targeting 1267).
Finally touched 1267 (session high), placed a couple of limit sell orders @1266.9 and it worked very well for a nice $5 scalp.
"Where you want to be is always in control, never wishing, always trading.
  • #32,042
  • Jan 23, 2014 9:24am Jan 23, 2014 9:24am
sold my longs 1265, time to wait for a new setup
  • #32,043
  • Jan 23, 2014 9:28am Jan 23, 2014 9:28am
Quoting Vachus
I'm still on Gold short side , selling 126X and looking for gains towards 1200 ... i won't use a stoplose on this one, i'll hedge it with Sliver longs if necessary.

Good luck mates! Still waiting your reasoning? Besides making another new high that's obvious.

You might take a look at this 30 day and see how the last little cup down is now almost complete by a new high, yet there needs to be a topside Peak which spells 1275 for it to retrace down again. Even in that case if the trend stays on track 1200 will not happen. Leave the stop off maybe but take profits often..
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,044
  • Jan 23, 2014 9:29am Jan 23, 2014 9:29am
Quoting Ulterior
sold my longs 1265, time to wait for a new setup

Nice job! I'm staying in at this rate. Half is already taken of last week.

Looking for my target 2 in last post.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,045
  • Jan 23, 2014 9:39am Jan 23, 2014 9:39am
@whichBanker - I get your reasoning just not the rest.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,046
  • Jan 23, 2014 9:43am Jan 23, 2014 9:43am
Quoting XTrade
{quote} Nice job! I'm staying in at this rate. Half is already taken of last week. Looking for my target 2 in last post.
thanks, that was purely technical trade, a wild ride
  • #32,047
  • Jan 23, 2014 9:49am Jan 23, 2014 9:49am
Quoting Ulterior
sold my longs 1265, time to wait for a new setup
well done !
I was wondering if you stayed in it !

nice


shane
  • #32,048
  • Jan 23, 2014 10:05am Jan 23, 2014 10:05am
Good day XT Sir,

I'm watching this pullback, nice shooting star ... want an entry for long long

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Gold (FEB-14).png 1H.png Size: 13 KB
  • #32,049
  • Jan 23, 2014 10:10am Jan 23, 2014 10:10am
Just come back to my desk. Last week's short order triggered @ 1265. SL 1271.
  • #32,050
  • Jan 23, 2014 10:10am Jan 23, 2014 10:10am
watch out for the divergences, be careful.

It's my opinion that it will go down , down, down....

Quoting JimmyC
Good day XT Sir, I'm watching this pullback, nice shooting star ... want an entry for long long Cheers {image}
If you do not know who you are, the Forex is the worst place to find you
  • #32,051
  • Jan 23, 2014 10:20am Jan 23, 2014 10:20am
Quoting LarryLU
Just come back to my desk. Last week's short order triggered @ 1265. SL 1271.
Have to mention again, it is a pure technical trade, betting on large amount of short order accumulating around 1268.
  • #32,052
  • Jan 23, 2014 10:26am Jan 23, 2014 10:26am
Can't resist myself to sell just now 1264 SL 1277 Tp today low 1231
  • #32,053
  • Jan 23, 2014 10:27am Jan 23, 2014 10:27am
@ XTrade:

How big is the possiblity it comes near 1260 again in the next few hours?

I had almost a heartinfarct when i saw the fall, a moment after i take another long @ 1264
  • #32,054
  • Jan 23, 2014 10:35am Jan 23, 2014 10:35am
Quoting shanemc
{quote} well done ! I was wondering if you stayed in it ! nice shane
yeah,.. I do have some unfinished business at higher levels, so I can say I am always long
  • #32,055
  • Jan 23, 2014 10:38am Jan 23, 2014 10:38am
Quoting Ulterior
{quote} thanks, that was purely technical trade, a wild ride
Gotta run buddies! Just remember since 1187 we have been "trending" North.

Trend is your friend! Why try to outsmart it? When it is so much easier to just get on and ride.

We are in a larger range and still multi year uptrend, but it seems every one here day trades or especially the NOOBS

think they are "pro scalpers" I am SOOO Glad that kid was NOT live this morning with the short at 1400!!! Damn I mighta saved an account!

LOL

G/l
All trade SMART.

XT-


KEEP an eye on this close......
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,056
  • Jan 23, 2014 10:46am Jan 23, 2014 10:46am
for anyone patient enough I would wait for continuation signal on a pullback, but it might keep soaring regardless

heres my chart which I will follow for confirmation if it gets a pullback
Attached Image (click to enlarge)
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  • #32,057
  • Jan 23, 2014 10:54am Jan 23, 2014 10:54am
it will run to 1280 !!!
  • #32,058
  • Jan 23, 2014 11:07am Jan 23, 2014 11:07am
Not every day you see a gravestone doji followed by strength
Attached Image (click to enlarge)
Click to Enlarge Name: 1H Gold (FEB-14).png Size: 11 KB
  • #32,059
  • Jan 23, 2014 11:07am Jan 23, 2014 11:07am
Quoting JimmyC
Not every day you see a gravestone doji followed by strength {image}
Clearly fundamentally strong...
  • #32,060
  • Jan 23, 2014 11:10am Jan 23, 2014 11:10am
Quoting Ulterior
for anyone patient enough I would wait for continuation signal on a pullback, but it might keep soaring regardless heres my chart which I will follow for confirmation if it gets a pullback {image}

may i know what indicator is that ya?


the bottom.
Gold is my pleasure.
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