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

  • #1,241
  • Aug 24, 2010 10:12am Aug 24, 2010 10:12am
Getting a nice boost here from last night's dip on poor US data.

Next target is 1240.

We need a close above this area, yet I am not expecting too much until after labor day.

http://www.kitco.com/images/live/nygold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,242
  • Aug 24, 2010 10:15am Aug 24, 2010 10:15am
I'm buying again at 1238 after securing profits this morning. Didn't expect such a fast correction. We'll see if it takes out the fractal of 08/19 soon ... I am in this for the longer haul though (daily tf) ..

good trading!
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #1,243
  • Aug 24, 2010 11:30pm Aug 24, 2010 11:30pm
Quoting Slight
I'm buying again at 1238 after securing profits this morning. Didn't expect such a fast correction. We'll see if it takes out the fractal of 08/19 soon ... I am in this for the longer haul though (daily tf) ..

good trading!
I did not read this thread before I replied to your response in my thread. It looks like that our tradings are in sync!
  • #1,244
  • Aug 25, 2010 12:18am Aug 25, 2010 12:18am
Yeah, I was eying up 1215 for an entry. The housing data really helped out today, all we need is poor unemployment next month!!!

Plus I believe Indian Seasonal buying begins again soon. Once September gets into swing we should see some more action.

Anyone else holding?

Quoting Slight
I'm buying again at 1238 after securing profits this morning. Didn't expect such a fast correction. We'll see if it takes out the fractal of 08/19 soon ... I am in this for the longer haul though (daily tf) ..

good trading!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,245
  • Aug 25, 2010 2:46am Aug 25, 2010 2:46am
i am long from 1215, 1221 & 1226. i have a feeling that gold willl make a new high soon. any thoughts.
  • #1,246
  • Aug 25, 2010 8:37am Aug 25, 2010 8:37am
Quoting XTrade
Yeah, I was eying up 1215 for an entry. The housing data really helped out today, all we need is poor unemployment next month!!!

Plus I believe Indian Seasonal buying begins again soon. Once September gets into swing we should see some more action.

Anyone else holding?
i had a S@1245 and B@1210 set yesterday.

i just missed on the 1210 and was out so i couldnt run after the bus.

Re set S@1249 and manually just entered tippy toe a [email protected].

Yesterday we broke pattern of higher lows and today higher high. Could be in for some volatility. Yesterdays nice fall stopped just at 18DMA thats why i set a B there at 1210.

With volatility, maybe it doesnt go where most people think it will.
I have no enemy; I make Incautiousness my Enemy.
  • #1,247
  • Aug 25, 2010 8:51am Aug 25, 2010 8:51am
could be forming R shoulder (L shoulder on 14MAY10).

Looking for perhaps 1165 although H maybe be in yet in this phase.
I have no enemy; I make Incautiousness my Enemy.
  • #1,248
  • Aug 25, 2010 1:45pm Aug 25, 2010 1:45pm
Silver doing great today. Now flirting with the 19$ level !
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,249
  • Aug 25, 2010 5:35pm Aug 25, 2010 5:35pm
Target hit. I'd say we are poised for the move to 1300. Once things get into full swing.

The chart below is live in the original post, yet should be frozen now.
Let's take a look at the string, I will post it below.

I am certain the bears will try to assert some force around levels closer to 1250 / 1260.
Other hurdles include 1275 and 1295.

There may be an entry in here tonight on dip. Watch the PA and keep up on news.

Quoting XTrade
Getting a nice boost here from last night's dip on poor US data.

Next target is 1240.

We need a close above this area, yet I am not expecting too much until after labor day.

http://www.kitco.com/images/live/nygold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,250
  • Aug 25, 2010 5:39pm Aug 25, 2010 5:39pm
Yes that is a nice thing to see. If we can take 20 it will be even better
Quoting Bootleger
Silver doing great today. Now flirting with the 19$ level !
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,251
  • Aug 26, 2010 12:39am Aug 26, 2010 12:39am
Quoting Nomi1
i am long from 1215, 1221 & 1226. i have a feeling that gold willl make a new high soon. any thoughts.
I personally would hold in this order

1215 - Safe for now - Add to this - may be a base
1221 - First TP
1226 - Second TP


We ARE GOING TO hit 1300

and higher

I would advise always holding some physical gold as well
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,252
  • Aug 26, 2010 12:40am Aug 26, 2010 12:40am
I have to add to the string, we are almost at a 100 dollar move here.

Quoting XTrade
Nice Close At 1215 Target....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,253
  • Aug 26, 2010 12:56am Aug 26, 2010 12:56am
1240 HIT. .And here we are!!! Patience 1250 next yet I want a test of 1260 then correction to pop the resistance



Quoting XTrade
Getting a nice boost here from last night's dip on poor US data.Next target is 1240.
Quoting XTrade
targetstake out 1227
next 1235 / 1240 we should hit some resistance at 1240/5 areas
Quote:
Originally Posted by XTrade
Nice Close At 1215 Target. Slow But steady.
Quote:
Originally Posted by XTrade
Next target 1215/18
Quote:
Originally Posted by XTrade
1190 breached looking to test 1200 next
Quote:
Originally Posted by XTrade
Looks like Gold wants to rise above 1190.
Quote:
Originally Posted by XTrade
spot Gold currently around 1185 coming down from test of 1190 and up from 1180.
Quote:
Originally Posted by XTrade
Gold is climbing up nicely from 1158 area.A firm break and hold of this current 1165 area should suggest further upward momentum.Will be watching closely
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,254
  • Aug 26, 2010 12:59am Aug 26, 2010 12:59am
Quoting XTrade
Yes that is a nice thing to see. If we can take 20 it will be even better
I totally agree. If we can clear that level, it would be wonderful !
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,255
  • Aug 26, 2010 7:37am Aug 26, 2010 7:37am
We are hanging tough around 1240... There is some talk of deflation hitting the US.

Yet with all the uncertainty , I am not sure of the how staggering an affect this will have on the price of gold. I will hang in there for plus 1300.

The US Jobless number just came out below forecast yet is still POOR.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,256
  • Aug 26, 2010 7:39am Aug 26, 2010 7:39am
May be an entry here. Live chart from the dip on the jobs number


.....


http://www.kitco.com/images/live/nygold.gif

watch the PA and Keep an eye on Light crude.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,257
  • Aug 26, 2010 10:33pm Aug 26, 2010 10:33pm
Is the revision of the US GDP going to be bullish for gold tomorrow ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,258
  • Aug 31, 2010 8:29am Aug 31, 2010 8:29am
Hey where is everybody?

Outside day up today on no news.

Not convinced this is ready to run. This is probably test up - to be followed by test down.

Ready to go long @ 1222 - 1207. I have set L@1207
I have no enemy; I make Incautiousness my Enemy.
  • #1,259
  • Aug 31, 2010 9:18am Aug 31, 2010 9:18am
I disagree. Intact uptrend running to top out above 1265 area ... then down from there.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #1,260
  • Aug 31, 2010 11:08am Aug 31, 2010 11:08am
hEY Guys, still moving and have been un-able to post much.


Seems silly to me that you guys are waiting for Gold to drop off. We corrected and now are 15 or so dollars below the record high.

The dollar is getting tossed aside for safe haven's ie: Gold and CHF.

Take a look at Swissy.

After labor day get ready for 1300.

What argument is there supporting this fall?



Quoting jimobiwan
Hey where is everybody?

Outside day up today on no news.

Not convinced this is ready to run. This is probably test up - to be followed by test down.

Ready to go long @ 1222 - 1207. I have set L@1207
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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