market closed for low liquidity.Good for another relax day 
XAU/USD & XAG/USD - Gold & Silver Traders Thread
AUD and NZD had broken up and threaten further impulses...EUR is about to pull up also....all these make for a weaker USD, therefore more likely XAU gains....
Most likely support is 1480-1500 being the base of the last huge rally and elliott channel support.
I am not a Gold bug, but my longs entered last week will be held to 1900, then 2500 ( real inflation adjusted rate ).
Most likely support is 1480-1500 being the base of the last huge rally and elliott channel support.
I am not a Gold bug, but my longs entered last week will be held to 1900, then 2500 ( real inflation adjusted rate ).
- #14,964
- Edited 5:43am Jan 2, 2012 5:20am | Edited 5:43am
AUD and NZD had broken up and threaten further impulses...EUR is about to pull up also....all these make for a weaker USD, therefore more likely XAU gains....
Most likely support is 1480-1500 being the base of the last huge rally and elliott channel support.
Attachment
I am not a Gold bug, but my longs entered last week will be held to 1900, then 2500 ( real inflation adjusted rate ).
Like 1640 downmove as expected.Agree with youAnd still when it dont work we have stoplosses.So its fine =)
- #14,965
- Jan 2, 2012 6:32am Jan 2, 2012 6:32am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
....... at least here I can say I TRIED to make sure the idiot woman PM we have didn't get in, I couldn't complain about it had I not voted!
Let's leave it at Politics and Religion - a personal thing. And always seperate.
- #14,966
- Jan 2, 2012 6:36am Jan 2, 2012 6:36am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
I have been sent this message by a broker:
"Trade online for 5 days without risk! Open and fund an account before end January, choose the five days you want to trade and we will refund any losses you might have during that period, and all profits will be yours to withdraw or continue trading with. Trading instruments allowed are: Eur/Usd, a stock index and gold"
Suppose it is a grade A broker and you already know their platform, how fair does that seem to you ?
Just checked your chart that shows $1415 to be gold's support i agree with you on this because gold to me has to see 1410 or 1425 or 1440 before it shoots up (straight lines) and that opinion of mine is just based upon figures, no charts, so we are basically talking the same prices
But then again they may first raise it before they bring it back to our desired bottom and that also is not guaranteed, so at the end of the day there is a Maybe attached to every forecast and that is the beauty of any business
Good advice, FF, thank you. I will check and phone for more details.
Totally agree that from where we stand everything can happen in gold. We are about 50/50 bullish/bearish. But most important thing IMHO is to be able to arrive at a conclusion by yourself, because you can see afterward what you did wrong and correct it.
Totally agree that from where we stand everything can happen in gold. We are about 50/50 bullish/bearish. But most important thing IMHO is to be able to arrive at a conclusion by yourself, because you can see afterward what you did wrong and correct it.
Too good if it is true, all the losses covered for whole 5 days, please check for any hidden terms.
Just checked your chart that shows $1415 to be gold's support i agree with you on this because gold to me has to see 1410 or 1425 or 1440 before it shoots up (straight lines) and that opinion of mine is just based upon figures, no charts, so we are basically talking the same prices
But then again they may first raise it before they bring it back to our desired bottom and that also is not guaranteed, so at the end of the day there is a Maybe...
Patience is magic
Good advice, FF, thank you. I will check and phone for more details.
Totally agree that from where we stand everything can happen in gold. We are about 50/50 bullish/bearish. But most important thing IMHO is to be able to arrive at a conclusion by yourself, because you can see afterward what you did wrong and correct it.
You are welcome brother, Yes you are absolutely correct about 50 - 50 Bullish - Bearish, in the short term, but in the long term it is 100% Bullish to me (can be completely wrong, no guarantees)
- #14,973
- Jan 2, 2012 4:15pm Jan 2, 2012 4:15pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Great chart of another triangle Symmetrical gold has created....
Mfu
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #14,974
- Jan 2, 2012 4:21pm Jan 2, 2012 4:21pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #14,975
- Jan 2, 2012 4:23pm Jan 2, 2012 4:23pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
An almost 100% correction which hasnt been exceeded and coinciding with major support, the 50% fib from the whole rise and also confirmed by MACD divergence makes for a compelling long...
Watch the open...buy first retrace to 27.30 for agressive or 27.00 for conserv...Overall, fundamentals are still compelling with the Gold/silver ratio still at highs (37:1) and needing to come back to equilibrium (being 15/16:1)
Watch the open...buy first retrace to 27.30 for agressive or 27.00 for conserv...Overall, fundamentals are still compelling with the Gold/silver ratio still at highs (37:1) and needing to come back to equilibrium (being 15/16:1)
- #14,977
- Jan 2, 2012 4:55pm Jan 2, 2012 4:55pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #14,978
- Jan 2, 2012 4:58pm Jan 2, 2012 4:58pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #14,979
- Jan 2, 2012 5:24pm Jan 2, 2012 5:24pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News