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

  • #3,001
  • Feb 21, 2011 7:32am Feb 21, 2011 7:32am
Quoting XTrade


Today should be slow it is a US Bank Holiday.

Yes even Canadian markets are closed
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #3,002
  • Feb 21, 2011 8:01am Feb 21, 2011 8:01am
Quoting XTrade


Today should be slow it is a US Bank Holiday.
yeah it should but, some gold and silver traders obvously woke up and thought is shouldnt!
  • #3,003
  • Edited 8:32am Feb 21, 2011 8:12am | Edited 8:32am
Gold Has CRUSHED 1390 resistance.

Yes, well London is still trading. This afternoon will be. (was thinking more of currencies)

THe tension in the Middle East is helping push prices higher on safe haven buying.

Price at top of channel we could see a break.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,004
  • Edited 9:11am Feb 21, 2011 8:46am | Edited 9:11am
Just shorted Swissy.

Looking to test 9430 first. If it stays the ultimate target for now is retest of 9300 and below.

I'd like to see a topside break of range on EUR and GBP but won't expect much today. Watching AUD for LONG entry.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,005
  • Feb 21, 2011 8:46am Feb 21, 2011 8:46am
I was only just away for holiday for the past week. and now there is absolutely no retracement for me to enter silver......... .....
  • #3,006
  • Feb 21, 2011 9:08am Feb 21, 2011 9:08am
possible correction before 1425
pending short at 1410
good trading
Attached Image (click to enlarge)
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  • #3,007
  • Feb 21, 2011 9:12am Feb 21, 2011 9:12am
Question,
why are you not LONG from below???

Guys the trend is Clearly up! Buy dips and HOLD them.

Looking to take little shorts off the top (which you can't pick) is not going with the trend which is your FRIEND!

Stop fighting the trend.

You could have bought 1400 today and been up 8 BUCKS already! which is a nice intraday move to catch.

Quoting riko2705
possible correction before 1425
pending short at 1410
good trading
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,008
  • Feb 21, 2011 9:13am Feb 21, 2011 9:13am
WOW this is SERIOUS silver is testing the 34USD zone! Should have bought more!
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,009
  • Feb 21, 2011 9:18am Feb 21, 2011 9:18am
Quoting XTrade
WOW this is SERIOUS silver is testing the 34USD zone! Should have bought more!
i should have bought in the first place! took the gold pin bar instead. hasn't worked out too bad either.

Nice trading.
  • #3,010
  • Feb 21, 2011 9:24am Feb 21, 2011 9:24am
I took profits on my Gold trades last week to reduce the chance of losing some on dip.

below are my re entries. One never got hit.... No problem though the others are working nicely!


Quoting highlander2
i should have bought in the first place! took the gold pin bar instead. hasn't worked out too bad either.

Nice trading.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,011
  • Feb 21, 2011 9:41am Feb 21, 2011 9:41am
This afternoon may be good for scalping currencies.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,012
  • Feb 21, 2011 10:58am Feb 21, 2011 10:58am
http://kingworldnews.com/kingworldne..._Nonsense.html
  • #3,013
  • Feb 21, 2011 11:33am Feb 21, 2011 11:33am
Quoting XTrade
Question,
why are you not LONG from below???

Guys the trend is Clearly up! Buy dips and HOLD them.

Looking to take little shorts off the top (which you can't pick) is not going with the trend which is your FRIEND!

Stop fighting the trend.

You could have bought 1400 today and been up 8 BUCKS already! which is a nice intraday move to catch.
closed all longs from 1370 at 1405...
ı will reload after pullback
goodluck
  • #3,014
  • Feb 21, 2011 12:38pm Feb 21, 2011 12:38pm
Ahhh good stuff.

Do as you like, I just prefer buying dips and holding. If the trend were in reverse then sell tops. But we are on the way to 1500 fellas!

Currencies are DEAD right now. See you guys later going out for a bit.

Quoting riko2705
closed all longs from 1370 at 1405...
ı will reload after pullback
goodluck
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,015
  • Feb 21, 2011 12:52pm Feb 21, 2011 12:52pm
http://kingworldnews.com/kingworldne..._73_Cents.html
  • #3,016
  • Feb 21, 2011 1:04pm Feb 21, 2011 1:04pm
"May you live in interesting times...."

Gonna see how things pan out tonight on the open...could be interesting

Good to get some serious discussion going on this thread...

beeb
  • #3,017
  • Feb 21, 2011 1:15pm Feb 21, 2011 1:15pm
at 1410 there is some resistance. If the situation in the Middle East holds, gold will certainly go up
  • #3,018
  • Feb 21, 2011 1:20pm Feb 21, 2011 1:20pm
Agree Eren - I have that from an ABCD from the 1309 low - is that what you meant?
  • #3,019
  • Feb 21, 2011 1:56pm Feb 21, 2011 1:56pm
I have it from the top 1430 and trendline down , on daily graph
  • #3,020
  • Edited 3:10pm Feb 21, 2011 1:57pm | Edited 3:10pm
Crude oil took more than 7 bucks today, good start
US Dollar is trash... Get out of that Ponzi scheme !!!
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