Gold Mining - Using Each Trading Day's Trend | Page 34 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #661
  • Mar 18, 2020 2:02pm Mar 18, 2020 2:02pm
Quoting BiteFX
{quote} Are you already in?
Unfortunately, I didn't enter the trade, can't focus 100% on it this week. But TP reached.
Price went little below and up.
Always expect unexpected.
  • #662
  • Mar 18, 2020 2:05pm Mar 18, 2020 2:05pm
Quoting Skoljkica
{quote} Unfortunately, I didn't enter the trade, can't focus 100% on it this week. But TP reached. Price went little below and up.
Ouk.
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  • #663
  • Mar 18, 2020 2:06pm Mar 18, 2020 2:06pm
Quoting Skoljkica
Looking at the empty chart and my Fibo lines, at this price 1482.03, price should find support. Buy up to 1501.71 {image}
Good call mate.
  • #664
  • Mar 18, 2020 2:08pm Mar 18, 2020 2:08pm
Quoting Sluggazn
{quote} I missed the 5m inverted HS. But there's the potential for one on the 1h . lets wait and see
I will keep an on it...Let's watch it out bro.
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  • #665
  • Mar 18, 2020 2:12pm Mar 18, 2020 2:12pm
Quoting Sluggazn
{quote} Good call mate.
Thanks man
Always expect unexpected.
  • #666
  • Mar 18, 2020 2:31pm Mar 18, 2020 2:31pm
Playing bears advocate. Cant rule out a test of broken neck line
Attached Image (click to enlarge)
Click to Enlarge Name: Capture+_2020-03-18-21-28-56.png Size: 423 KB
  • #667
  • Mar 18, 2020 8:49pm Mar 18, 2020 8:49pm
If we can break 1492 to the upside could be a good ride BUT Friday and nothing is off the table considering coronavirus, I'll just sit in the seats with some Coronas and see how it plays out.
  • #668
  • Mar 18, 2020 11:03pm Mar 18, 2020 11:03pm
Thursday March 19, 2020.

Bears had a selling pressure yesterday that spoiled indicators. Still in the bullish territory but refusing to shift grounds

Today is a wide day, so lets take what comes at various levels.

Trade Idea...Buy S.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200319_001540.jpg Size: 87 KB
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  • #669
  • Mar 18, 2020 11:22pm Mar 18, 2020 11:22pm
Support lines at 1462.36 (61.8% WS), second at 1456.29 (50% WS)
After this huge fall, could these lines hold? With pull back up to 1469.86 (76.4% WR) /1482.03 (100% WR)
Attached Image

Since price already tried to find support on above mentioned lines, it could go more down to 1442.69 (23.6% WS)
Always expect unexpected.
  • #670
  • Mar 18, 2020 11:23pm Mar 18, 2020 11:23pm
Price broke two days low...Gold eyeing S-1421.70
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  • #671
  • Mar 18, 2020 11:26pm Mar 18, 2020 11:26pm
Quoting Skoljkica
Support lines at 1462.36 (61.8% WS), second at 1456.29 (50% WS) After this huge fall, could these lines hold? With pull back up to 1469.86 (76.4% WR) /1482.03 (100% WR) {image}
Yea...I think it will erase three days low before going back up.
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  • #672
  • Mar 18, 2020 11:27pm Mar 18, 2020 11:27pm
Quoting BiteFX
{quote} Yea...I think it will erase three days low before going back up.
Possible, I just added my previous post
Always expect unexpected.
  • #673
  • Mar 19, 2020 1:26am Mar 19, 2020 1:26am
Looking at the chart, I think we are in a down trend. Selling highs wouldn't be a bad idea though.
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  • #674
  • Mar 19, 2020 4:16am Mar 19, 2020 4:16am
Im still waiting for a bounce back to 1498 to open a short position. I might be wrong...
  • #675
  • Mar 19, 2020 5:15am Mar 19, 2020 5:15am
1405.64 is where am looking at my TP...'cos, am tired losing money thinking, I just want to follow the story on the chart.
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  • #676
  • Mar 19, 2020 5:20am Mar 19, 2020 5:20am
Chart looks a falling wedge pattern...
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  • #677
  • Mar 19, 2020 5:22am Mar 19, 2020 5:22am
Quoting BiteFX
Looking at the chart, I think we are in a down trend.
Well, you may be just onto something here.
  • #678
  • Mar 19, 2020 6:56am Mar 19, 2020 6:56am
Market is currently trading below both bearish and bullish trend lines...Bulls are struggling. The bears are giving them no chance for spikes. Let's expect more thrusts.
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  • #679
  • Mar 19, 2020 6:58am Mar 19, 2020 6:58am
Quoting BiteFX
1405.64 is where am looking at my TP...'cos, am tired losing money thinking, I just want to follow the story on the chart.
Still in view...Gold eyeing this, and closer to the 1400 psychological level.
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  • #680
  • Mar 19, 2020 7:01am Mar 19, 2020 7:01am
Quoting BiteFX
{quote} Still in view...Gold eyeing this, and closer to the 1400 psychological level.
1462.75 is the closest support Bears need to break downwards before going down to those levels mentioned.
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