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

  • #17,661
  • Mar 14, 2012 12:42pm Mar 14, 2012 12:42pm
Quoting farn
so can this be consider the 2nd fall which will be followed by a shoot? I was wondering how is it possible for gold price to shoot up within one month according to blythe chart? but, anything is possible. just trade according to what we see
I don't know really, from an Investor's point of view $1600 - $1650 is a cool price but from a Trader's point of view who is into buy - sell - buy - sell, the charts maybe the real deal.

But remember those charts and calculations can go wrong when they start drawing straight lines up or down unexpectedly, they don't act like traders following charts at that time
  • #17,662
  • Mar 14, 2012 12:49pm Mar 14, 2012 12:49pm
Quoting whatfx
not sure why, but i have gone the opposite way. bought at 1660.

a gold trade taken after a long while.....

well, out of my short for - 10pips.

no worries, gold will go up immininently . very soon, get ready.

will recover my loss and make more on top.....!
  • #17,663
  • Mar 14, 2012 12:55pm Mar 14, 2012 12:55pm
Quoting forexfacts
$32+ silver is still a hurdle to me !
wow, just went to see the prices, silver has fallen from that times $32.6 to $31.7
  • #17,664
  • Mar 14, 2012 1:05pm Mar 14, 2012 1:05pm
Quoting XTrade
SHE IS HITTING THE CHANNEL BOTTOM NOW ON LOWER TF VIEW>

I am buying and will shoot for 10 USD move but see where she takes me.

I see strong support in this area on the TECHNICAL side.

Market is keep dropping and you keep buying I cannot believe why sticking with bulls if your analysis have gone wrong then you should accept the reality. Never fight with the market.

I see Gold 1610 and below. 1605 bounce then here goes 1500. Market gaped up at 1560 I hope you saw the gap. Market will go 2000 level and above but the fact is that this is market it will retrace and clear all stops all the way then it will get back to north. HEre is everyone saying that market will not touch 1500 level it means you all got stops below this level so for me welcome 1500 and below then I will start buying.
  • #17,665
  • Mar 14, 2012 1:11pm Mar 14, 2012 1:11pm
Quoting whatfx
well, out of my short for - 10pips.

no worries, gold will go up immininently . very soon, get ready.

will recover my loss and make more on top.....!
No way before 1600
  • #17,666
  • Mar 14, 2012 1:14pm Mar 14, 2012 1:14pm
Quoting Jhonypips
No way before 1600
If Gold down to 1620,buy it at this level!
  • #17,667
  • Mar 14, 2012 1:15pm Mar 14, 2012 1:15pm
as to me I think it should bounce of on a Daily chart of 61.8 Fib expansion @1634
  • #17,668
  • Mar 14, 2012 1:15pm Mar 14, 2012 1:15pm
Quoting Jhonypips
Market is keep dropping and you keep buying I cannot believe why sticking with bulls if your analysis have gone wrong then you should accept the reality. Never fight with the market.

I see Gold 1610 and below. 1605 bounce then here goes 1500 area
What do you think about $1050 area?

A member here some time back, during a fall predicted a drop to $1300 and then to $1050 something within 24 hours.

It caused me to panic and i had to call an old time player who advised me to buy more in the $1550 region, gold never went below $1525, it rose to $1800 soon after.

Do you want me to call him again?
  • #17,669
  • Mar 14, 2012 1:18pm Mar 14, 2012 1:18pm
Quoting kaka_ht
If Gold down to 1620,buy it at this level!

For long term Correction Market can take correction upto 1250 area.
  • #17,670
  • Mar 14, 2012 1:19pm Mar 14, 2012 1:19pm
Quoting forexfacts
What do you think about $1050 area?
Do you want me to call him again?
put him on the line to all of us
  • #17,671
  • Mar 14, 2012 1:20pm Mar 14, 2012 1:20pm
Quoting forexfacts
What do you think about $1050 area?

A member here some time back, during a fall predicted a drop to $1300 and then to $1050 something within 24 hours.

It caused me to panic and i had to call an old time player who advised me to buy more in the $1550 region, gold never went below $1525, it rose to $1800 soon after.

Do you want me to call him again?

This is possible but I cannot predict for that area. But Gold is falling knife never try to catch falling knife or if you really want then use a tight stop loss. Never let market open otherwise you will loose whole equity
  • #17,672
  • Mar 14, 2012 1:24pm Mar 14, 2012 1:24pm
1250 is area where I see gold go to complete its corrective phase in long term.
  • #17,673
  • Mar 14, 2012 1:28pm Mar 14, 2012 1:28pm
Quoting Jhonypips
This is possible but I cannot predict for that area. But Gold is falling knife never try to catch falling knife or if you really want then use a tight stop loss. Never let market open otherwise you will loose whole equity
How can a tight SL save me from a falling knife, i better wear this, you should also wear it:

Attached Image
  • #17,674
  • Mar 14, 2012 1:33pm Mar 14, 2012 1:33pm
Quoting Jhonypips
1250 is area where I see gold go to complete its corrective phase in long term.
Only time will tell, keep in touch, you are not a seasonal trader, are you?

Have you seen this chart before, its the 5 year chart, where do you look for your figures?

Attached Image
  • #17,675
  • Mar 14, 2012 1:35pm Mar 14, 2012 1:35pm
Quoting Mr_Anderson
put him on the line to all of us
We have Jhony with us
  • #17,676
  • Mar 14, 2012 1:47pm Mar 14, 2012 1:47pm
When big players who took their gold to trade stocks these couple of days will find that gold is bargain (which it is starting to be now) they will come back strong.
  • #17,677
  • Mar 14, 2012 1:58pm Mar 14, 2012 1:58pm
This happens quite often, price drops and these people who have not been on the forum regularly, come in and proclaim gold will drop to $1000.
This is my analysis right or wrong. EW 'C' correction was done at 1522. wave 1 was done at 1790
25% pullback was 1723
38% - 1688 (I really thought this one would hold and was until the fed)
50% - 1656
62% - 1623
75% - 1589
wave 2 should almost be done btw 1623-1590 so 1600 is realistic and lines up with the channel. draw the lines yourself.
If it drops below there, then gold has issues. If not, look out for wave 3.
  • #17,678
  • Mar 14, 2012 2:02pm Mar 14, 2012 2:02pm
Quoting jhonypips
no way before 1600

sure. I will wait for a buy signal, no matter how long it takes.
Will analyse chart at midnight.

It could very well go up tomorrow.
  • #17,679
  • Mar 14, 2012 2:09pm Mar 14, 2012 2:09pm
Or go up some now. If you look at the last three days, there has been an up trend reversal every afternoon and evening.
  • #17,680
  • Mar 14, 2012 2:22pm Mar 14, 2012 2:22pm
I don't know if it is due to the fact that I only have a few months watching gold price going up and down, but as long as I've seen December sell-off, Feb 29 sell-off, and heard of September sell-off, I allways expect a significant change of direction in the market.

When everyone is bullish it is a wakeup call for me.

Also, this crazy idea I have that there are owners of big accounts who seem to agree to sell or buy @ certain levels using fundamentals as cover-up, makes me be cautious.

Right now my choice is to step aside.

But it is nice to hear people who can see structure in the market and expect levels where price may react. It means that market behaviour can be learned.

This is interesting.
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