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

  • #19,141
  • Jun 7, 2012 9:14pm Jun 7, 2012 9:14pm
What Reuters (http://www.reuters.com/article/2012/...85700Q20120608) and others have speculated matches my sentiment about China releasing poor economic data tomorrow after the markets close.

Should we expect the same size jump in gold as when the interest rate cut was announced when the markets reopen?
You can always make money tomorrow provided you don't lose it today.
  • #19,142
  • Jun 7, 2012 9:47pm Jun 7, 2012 9:47pm
Quoting Kadc
..... Should we expect the same size jump in gold as when the interest rate cut was announced when the markets reopen?
Jump?

No. Not jump.

  • #19,143
  • Edited 10:48pm Jun 7, 2012 9:50pm | Edited 10:48pm
pa and candle formations between 1580 and 1590 noted along with drop.
support noted @ 1549-50 area, lets see if she can get above 1570 .

silvers daily lows support area 27.90-95 area hit .
Lets see if she holds. tight stops.
slvr daily
29.80
28.83
27.90-95
  • #19,144
  • Jun 7, 2012 9:58pm Jun 7, 2012 9:58pm
Quote
DailyFXTeamMember ‏@DailyFXTeam
GOLD (cont): 1,532 has served as strong support in Sept 2011, Dec 2011 and May 2012. A break lower may find support around 1,429 and 1,307.

So, if support of the descending triangle is broken, drop, drop and drop.
  • #19,145
  • Jun 7, 2012 10:56pm Jun 7, 2012 10:56pm
Quoting jsr
So, if support of the descending triangle is broken, drop, drop and drop.
Bias is down from weekly highs 1640-50 and down from monthly and single year pivot 1600-06 area, Im still taking her a day at a time, although that 1300 is in the yearly lows area .
  • #19,146
  • Jun 7, 2012 11:04pm Jun 7, 2012 11:04pm
Quoting mrhb30jr
Hi All,

I'm going short at 1615 ....

Cheers
entry short 1615.... TP. 1332..... SL BE .
patience with trend .....

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDXDaily.png Size: 85 KB
  • #19,147
  • Jun 7, 2012 11:22pm Jun 7, 2012 11:22pm
Will be interesting to see hwat happens around 1535-1520
  • #19,148
  • Jun 7, 2012 11:58pm Jun 7, 2012 11:58pm
I'm scared, once or if this puppy breaks the 1535/1520/1500 area this this is going to soar down overtime. I'm just trying to think is this logical now. Is the US really going to hold up like this? Hmmmmmmmmmmmmmm!!!
  • #19,149
  • Jun 8, 2012 1:10am Jun 8, 2012 1:10am
Quoting Crgone12
I'm scared, once or if this puppy breaks the 1535/1520/1500 area this this is going to soar down overtime. I'm just trying to think is this logical now. Is the US really going to hold up like this? Hmmmmmmmmmmmmmm!!!

This is the only hurdle in metals' steep fall, lack of trust in $
  • #19,150
  • Jun 8, 2012 2:11am Jun 8, 2012 2:11am
Im actually a bit suprised at all the bull action considering the recent onslaught of prices
  • #19,151
  • Jun 8, 2012 2:36am Jun 8, 2012 2:36am
I suspect the recent bull action is a result of short squeezing. Now the price is slammed down as new longs are forced to exit and spec shorts come back in. Once the spec shorts have accumulated again they will be fleeced and the price will go higher. No idea what the time frame will be but as Suntrader says trade the reaction not the news.

Have no illusions this is a manipulated market. Don't fight the cartel, simply follow them!! I for one have scaled back the trading a bit and just been accumulating physical.

Geez, Vlad's caused a bit of a stir in the forum! Not sure what to make of him!

Quoting HotBiscuits
Im actually a bit suprised at all the bull action considering the recent onslaught of prices
  • #19,152
  • Edited 4:25am Jun 8, 2012 3:57am | Edited 4:25am
hedef = target

haftalık = weekly


http://img823.imageshack.us/img823/3274/wo1te.jpg
Never change your position without a good reason
  • #19,153
  • Jun 8, 2012 4:28am Jun 8, 2012 4:28am
For christ's sake!

Vlad only sells at SUPPLY and buys at DEMAND, just look at the numbers and draw horizontals lines on your naked chart, what do you think the big guys do ? They use 24 movering averages crosses and read the stars? right. I am so tired of reading all this garbage day in day out.

Keep it simple and you ll be rewarded. Stop thinking.

EDIT : I'm not after you Birons, I am addressing all the lost souls. Seems there is a unique concentration in FF.
Quoting birons

Geez, Vlad's caused a bit of a stir in the forum! Not sure what to make of him!
Hello.
  • #19,154
  • Jun 8, 2012 5:15am Jun 8, 2012 5:15am
Quoting emene
For christ's sake!

Vlad only sells at SUPPLY and buys at DEMAND, just look at the numbers and draw horizontals lines on your naked chart, what do you think the big guys do ? They use 24 movering averages crosses and read the stars? right. I am so tired of reading all this garbage day in day out.

Keep it simple and you ll be rewarded. Stop thinking.

EDIT : I'm not after you Birons, I am addressing all the lost souls. Seems there is a unique concentration in FF.
I think you're right.

We need to change our mindset.
  • #19,155
  • Jun 8, 2012 5:51am Jun 8, 2012 5:51am
Quoting emene
For christ's sake!

Vlad only sells at SUPPLY and buys at DEMAND, just look at the numbers and draw horizontals lines on your naked chart, what do you think the big guys do ? They use 24 movering averages crosses and read the stars? right. I am so tired of reading all this garbage day in day out.

Keep it simple and you ll be rewarded. Stop thinking.

EDIT : I'm not after you Birons, I am addressing all the lost souls. Seems there is a unique concentration in FF.
totally agree with you..
I'm daily visitor of this thread and reading every single post since last 10 months.

my experience with this thread is when price goes up ppl with bullish sentiment comes here and brag about their analysis..
when price goes down ppl with bearish sentiments comes here and brag about their analysis.

indefinite times I haven't took a position just because some senior member here talking in other direction..
I'm not blaming anyone for loosing profit opportunities but the thing is
here in this thread noise level is so much and you can't learn the basics.

I traded for around 2 mnths based on Supply/Demand principle and made handsome profit.
but since last 6 months i'm stuck with my long @1793 and @1712 hoping price will reach 2000 one day.. but when nobody knows.

again I'm not blaming anyone and I don't use SL and my money mgmt. and risk reward ratio still allow me to hold my longs for next 1 year.

I have decided to stay away from this thread and concentrate on Supply/Demand learning.

Cheers and happy trading
  • #19,156
  • Jun 8, 2012 6:35am Jun 8, 2012 6:35am
Quoting jaimini
totally agree with you..
I'm daily visitor of this thread and reading every single post since last 10 months.

my experience with this thread is when price goes up ppl with bullish sentiment comes here and brag about their analysis..
when price goes down ppl with bearish sentiments comes here and brag about their analysis.

indefinite times I haven't took a position just because some senior member here talking in other direction..
I'm not blaming anyone for loosing profit opportunities but the thing is
here in this thread noise level...
Happy to read you are improving.

After you posted the links to PIE and RTP I went there and now I see there is a lot to learn.

Thanks for that!
  • #19,157
  • Jun 8, 2012 6:42am Jun 8, 2012 6:42am
Quoting jsr
Happy to read you are improving.

After you posted the links to PIE and RTP I went there and now I see there is a lot to learn.

Thanks for that!
Great to see you there
If you reached Red's heaven then I'll suggest you to read intial post of RTP thread. KennyZ have compiled everything well together.

after long time I'm starting again from scratch
catch you in PIE chat room
  • #19,158
  • Jun 8, 2012 7:05am Jun 8, 2012 7:05am
Quoting forexfacts
This is the only hurdle in metals' steep fall, lack of trust in $
Have you looked at a US dollar chart lately?

A year ago it was at 73, now around 83.
  • #19,159
  • Jun 8, 2012 7:07am Jun 8, 2012 7:07am
Quoting birons
.... Don't fight the cartel, simply follow them!!
Then why buy?
  • #19,160
  • Jun 8, 2012 10:11am Jun 8, 2012 10:11am
Quoting SunTrader
Have you looked at a US dollar chart lately?

A year ago it was at 73, now around 83.
$ includes all the currencies of the world, any paper to me is hopeless, nothing on their back, only printing and printing non-stop, gold is not like that
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