As expected, price made a pull back down to 1681.35, didn't reach my support line 1680.04 I doubt price will go down again, but you never know. If it reaches 1680.04, potential buy, depending on price action. H4 candle opened above 1680.04. image

Gold Mining - Using Each Trading Day's Trend

Yes, this week price gained all back that it has lost previous week. This is H4 chart, on the left side is previous week, right side this week. image

Gold Mining - Using Each Trading Day's Trend

After this growth I don't want to enter any new buy unless price comes back down to 1680.04. That would be very nice.

Gold Mining - Using Each Trading Day's Trend

You sometimes win, sometimes lose. That's Forex. Keep your winnings higher than your losses. Stay alive.

Gold Mining - Using Each Trading Day's Trend

Morning all If price finds support at 1680.04 (100% WS), we go up to the first resistance line 1695.14 (38.2% WR). It is possible that price will go up to 1710.25 (76.4% WR) if there are bad news for USD. image

Gold Mining - Using Each Trading Day's Trend

Did you knit it yourself, or you have a calculation for it?

Gold Mining - Using Each Trading Day's Trend

If price finds support at 1660.27 (50% WS), next target 1670.71 (76.4% WR) . With that target, gold fulfilled 2 times weekly range. image

Gold Mining - Using Each Trading Day's Trend

Price reached 1655.61. image It would be great that we have pull back down to 1649.83 or 1648.00 for another entry.

Gold Mining - Using Each Trading Day's Trend

Thanks. It would be nice for price to reach 1655.61, my 38.2% Week Resistance.

Gold Mining - Using Each Trading Day's Trend

As mentioned in earlier post, price did find support at 1645.00 I did couple of scalp buys. I do them manually on M1 and M5 chart. image

Gold Mining - Using Each Trading Day's Trend

Price did find resistance at 1643.76 and support at 1642.10 and went up. image Possible support at 1645

Gold Mining - Using Each Trading Day's Trend

Price broke 1640.50 with ease. I am expecting 1643.76 (50% QS) and then pull back down to 1642.10/1641.42. Possible buy there. JPY is strong, so does Gold go up.

Gold Mining - Using Each Trading Day's Trend

Agree with you. Still I have difficulties figuring out how big pull back Gold does. So this 1632.57 (23.6% DS) seems ok to me, but also price can go up without reaching that price. If 1632.57 is reached I will probably scalp to 1640.50. Will see the ...

Gold Mining - Using Each Trading Day's Trend

Morning Bite, hope you're well. Looking at charts it looks like nothing has changed since yesterday. Price is again around 1640.50 and again above it buy, below sell. But also price found resistance at 1642.83 (100% Month Resistance) and above is ...

Gold Mining - Using Each Trading Day's Trend

I am done for today. London closed. Will look for new opportunities tomorrow.

Gold Mining - Using Each Trading Day's Trend

Nice, 70 pips. Just be careful, it is possible that price will go more up again if it breaks 1641.42 and finds support there. Otherwise, we go down. Watch the price action.

Gold Mining - Using Each Trading Day's Trend

Price went below 1639.06 (61.8% DS) I expect it go down to 1636.06 (50% DS) and confirm 1639.06 or even 1640.50 as a resistance if going down. Before that no trading, especially shorting, for me. image

Gold Mining - Using Each Trading Day's Trend

Thanks bro. It takes time and courage to start scalping. Sometimes I am still struggling am I going to close the trade or not. So I have decided, every time I think about closing it, I will do that. Sometimes is right, sometimes not, but still I am ...

Gold Mining - Using Each Trading Day's Trend

Price is again above 1640.50. It did find support at 1639.06 (61.8%DS). Still looking prices behavior. No trading before this 1640.50 is confirmed as a support or resistance. 1641.42 is for some reason hard to break. image

Gold Mining - Using Each Trading Day's Trend

From PC

Gold Mining - Using Each Trading Day's Trend