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XTrade replied Jan 12, 2014WHY not? it's the weekend we have some time? It shouldn't be too lengthy any way, unless you want to discuss offshoots-
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 11, 2014LL- Unless they make an announcement about a "more aggressive" taper, it shouldn't make much of a difference anymore, it was the initial announcement, that would have "rocked the gold market" yet the FED doesn't want that - no one does, so they talk ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 11, 2014Hello waifong, It doesn't work that way -- meaning you are looking at the results of the releases the same when they are different. A LOW NFP number will usually mean it didn't beat the forecast or was in this case far less than forecast which is ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 11, 2014These are good points though and yes Rhodie we are not picking on you mate! Just making discussion. Which I will add, besides the beginning of QE - Gold soared as the USD rose while the Euro plummeted during the EUzone "crisis" - in part due to what ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014A few quick things on your post Rhodie, Fundamentally if the global financial state is in ruin, which in many ways it is, this would and will be positive for Gold not negative, as people look to diversify out of Fiat paper currencies, hedge against ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014Proceed cautiously, I am expecting further rise next week. Take a look at the closers! And all next weeks, high and mid impact USD news below! Exactly the close I was looking for on Gold and silver again did pretty well!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014Still not letting up. It's likely there were a bunch of TPs set for under 1250 due to the last reaction to the area (that massive spike then a trading halt) still not legitimately explained. so we got a stall in the area...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014Hey Buddy, Did you flatten your trades? I'm holding through to next week. X-
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014Will be interesting to see if the price slides at all after noon. By the looks of right now it is suggesting higher prices for next week. Silver had a nice day as well - back above 20.00
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014Nice clean 20 USD swing off the low before the NFP! As expected once again the number was not positive or in tune with the "ADP" number. Unemployment slightly down but will likely come back up a bit in upcoming releases or at least stay around here ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 10, 2014Any time. I used to do a lot more technical analysis, these days I don't do as much. If you want more specific and smaller targets I'd be happy to add them. Either way, right now it still will remain the same paramount that AUDs could stand to rise ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014I just reviewed Aussie, Kiwi and the cross AUD/NZD. It does seem that just on techs NZD could stand to weaken a bit as it has been basically in range after the last awesome blast north on NZD/USD. AUD/USD has been getting BEAT up it had the massive ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014Why waste the hedge? If you want dollar exposure buy swissy or loonie. Otherwise IMO if you think there will be a retest on 1250 perhaps you might take profit on any small upcoming dip, then ride long to 1250 and flip short there. Just an ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014This is MORE THAN AMUSING ME ATM!!! Damn I think I wrote about this in OVER A MONTH AGO!!! By Allen Sykora of Kitco News Gold Market Awaits U.S. Jobs Report; Is QE Tapering Already Priced in? url Here's the link if anyone wants to read that didn't ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014
I haven't traded that cross in a bit but will pull up the charts now. I did get long Aussie/USD not too long ago. Let me take a look. XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014url does make a valid point however in mentioning the 1220 interim support. Also she (gold) has decided to follow upside as short term price action has been. Nice break here and a plus 7 USD move for AusAsian session already. If not already ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014Welcome aboard!
Certainly all possible ahead of news and even just trading the range. Again why if not in a profitable position already, caution is advised. Why don't you want to trade the NFP though? If the ADP number actually does match ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014Caution is definitely advised in proceeding trades for gold and silver at this juncture indeed, BOTH ways not just long. A. Tomorrow's news for short term. B. Still sideways with overtones of bearish for mid term C. Dips getting scooped up for mid ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014Nice looking triangle there. Although we are Technically sideways to bearish in mid term time spans - I have found these often break north more often than south, especially on the daily. Long term it is still bullish, just in corrective phase, now ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jan 9, 2014Yeah - still waiting on a response for that one, even when the market is absolutely dead, the tick chart will always move - mainly from the actual spread fluctuating in price not necessarily on actual price action or any sort of momentum. Actually ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread