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  • #5,561
  • Apr 29, 2011 12:06pm Apr 29, 2011 12:06pm
Quoting Euroscum
yeah WTF is all that about, gold up .7% usually means silver up 2.8% but sits on 0.27%. Puzzling picture as that is not the way silver rolls, at least recently.
hahaha! that's exactly what I was wondering. Usually silver skyrockets while gold get stuck in some resistance, and when silver starts to retract, gold follows. I'm really surprised with gold rallying alone.


@Pratik: I don't have tp or sl for specific orders. It would be a long story.

1550, there we have it...
"The reason I was born and came into the world is to testify to the truth."
  • #5,562
  • Apr 29, 2011 12:07pm Apr 29, 2011 12:07pm
why is silver not moving today ?
MMMYYYKKK
  • #5,563
  • Apr 29, 2011 12:11pm Apr 29, 2011 12:11pm
Quoting lilpip
last couple days silver seems to be waiting on gold to do its thing (lets see if she can make it to 1551) while shes been hanging at weekly highs 48.30 area and a daily close above that is noted.
to the north this 48.30 to 51.00 area is going to be interesting.
she did test for response on the daily trend guide @ 4740 area.
thur.daily
49.99
47.40
44.85
friday daily
to the south will be looking at how 47.60 responds
50.19
47.60
45.01
1551 area is being achieved.
Now what girls, a weekly close above 1551, or south ?
.

is it this ?
http://kingworldnews.com/kingworldne...Has_Begun.html
  • #5,564
  • Apr 29, 2011 12:13pm Apr 29, 2011 12:13pm
what do you think guys,

silver maybe close with a drop a few cent while gold close with a new record high.is it possible that silver will not have a big drop again after this because of stabilize for gold/silver ratio?
  • #5,565
  • Apr 29, 2011 12:15pm Apr 29, 2011 12:15pm
Quoting harvest3r

@Pratik: I don't have tp or sl for specific orders. It would be a long story.

1550, there we have it...
You still holding your short @1542 or closed it...
Even i am short @1545
  • #5,566
  • Apr 29, 2011 12:17pm Apr 29, 2011 12:17pm
Now this is MASSIVE, watch gold!!!!
The Black Swan: The Impact of the Highly Improbable
  • #5,567
  • Apr 29, 2011 12:21pm Apr 29, 2011 12:21pm
1556 ?time for the retrace.

Price meets the upper quartile of the 4H fork on gold.
? bounce here
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  • #5,568
  • Apr 29, 2011 12:28pm Apr 29, 2011 12:28pm
Quoting FX4Newbies
Weekly Xau-Usd chart below.

Think price could be approaching an area to be watched closely. Could blast through since it is in a strong uptrend. Lots of energy forces converging around the blue HL area...WL, U-MLH and ML. If it blows through great. If not, beware.

My 2 cents.

FX4
Price just made it to the ML target of the darker green fork. Also at a WL intersection where price could lose steam. Original chart (Weekly) was posted a few days ago. Added the Fib to this H4 chart.

At the ML we could get some sell off, roll around and of course, price could keep going with some force...but an area to observe closely.

Fwiw,

FX4

P.S. 2' is an alternate pivot choice that can be used to draw the fork.
Attached Image (click to enlarge)
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Trade what you see, not what you think or feel. Let the market come to you.
  • #5,569
  • Apr 29, 2011 12:36pm Apr 29, 2011 12:36pm
Very nice to see bull charging this time was a success , going for the target weekly if possible .Not followed usdx pa this time , investors too worrry .

silver still shy in doing but to follow his brother soon.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,570
  • Apr 29, 2011 12:48pm Apr 29, 2011 12:48pm
1560........................!!!!!!
  • #5,571
  • Apr 29, 2011 12:49pm Apr 29, 2011 12:49pm
Certainly this volatility is super

last trades for this month
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  • #5,572
  • Apr 29, 2011 12:54pm Apr 29, 2011 12:54pm
Quoting Pratik
You still holding your short @1542 or closed it...
Even i am short @1545
that one is closed


where is beeb? where is he, when we need him?

there must be something related to the gold market, specifically. London is closed. With less volume, the volatility can get real high. Besides that, we just had the options expired this week. Maybe someone BIG is trying to load gold for the next delivery month or so... but why gold and not silver?

I had to draw an upper warning line on my fork. It would hold at 1562. Man, I thought we would reach that today... real horror show!
"The reason I was born and came into the world is to testify to the truth."
  • #5,573
  • Apr 29, 2011 1:00pm Apr 29, 2011 1:00pm
http://www.forexfactory.com/news.php?do=news&id=292161

May be this is the reason why silver is not rallying...
  • #5,574
  • Apr 29, 2011 1:11pm Apr 29, 2011 1:11pm
Quoting brijon
Certainly this volatility is super

last trades for this month
Congrats but with the lot size you are trading (making $3000 for every $1 move of silver, even if the silver decides to make a small correction, you might watch out a bit... specially that you do not have any stoploss.

Just my 2 cents...
  • #5,575
  • Apr 29, 2011 1:16pm Apr 29, 2011 1:16pm
i think silver is done for the time
MMMYYYKKK
  • #5,576
  • Apr 29, 2011 1:17pm Apr 29, 2011 1:17pm
Quoting Pratik
Even i am short @1545
Why ?
  • #5,577
  • Apr 29, 2011 1:42pm Apr 29, 2011 1:42pm
LOL I wonder where "short-term" GOLD bulls buy now... @ 1570?
  • #5,578
  • Apr 29, 2011 1:43pm Apr 29, 2011 1:43pm
Quoting 4cc
Why ?
Would you buy at these prices?
  • #5,579
  • Apr 29, 2011 1:47pm Apr 29, 2011 1:47pm
Looking at the 4H fork price did not pause at 1566.

Are we actually headed for 1580?

That is heavy progress.

As far as the comments on silver being overheated - these have been mine for at least a couple of weeks.

If price can get back to the longer term trend line it will be more stable.
If progress is orderly it will go much further than an overheated explosion which collapses massively.
  • #5,580
  • Apr 29, 2011 1:51pm Apr 29, 2011 1:51pm
What can we expect in the next week from gold....?
New highs or some profit booking...??
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