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Gold Mining - Using Each Trading Day's Trend

  • #841
  • Mar 26, 2020 5:42am Mar 26, 2020 5:42am
Price currently dancing around 1620 psychological level...Let's see if it serves as a ceiling to thrust down more.
Otherwise, we are opened to 1700-1800 psychological levels.

We Stay Alive...
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  • #842
  • Mar 26, 2020 6:56am Mar 26, 2020 6:56am
Quoting BiteFX
Price currently dancing around 1620 psychological level...Let's see if it serves as a ceiling to thrust down more. Otherwise, we are opened to 1700-1800 psychological levels. We Stay Alive...
1620 broken... If 1630 is broken likewise, the 1700-1800 levels are opened to us.

Quoting BiteFX
{quote} 1620 broken... If 1630 is broken likewise, the 1700-1800 levels are opened to us.
Almost doing that.
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  • #843
  • Mar 26, 2020 7:56am Mar 26, 2020 7:56am
Quoting BiteFX
{quote} 1620 broken... If 1630 is broken likewise, the 1700-1800 levels are opened to us. {quote} Almost doing that.
Now I know the Bulls are ready...1630 is broken. But, one more huddle is 1640...If that is not broken, then aren't ready yet.
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  • #844
  • Mar 26, 2020 8:31am Mar 26, 2020 8:31am
Quoting BiteFX
{quote} Now I know the Bulls are ready...1630 is broken. But, one more huddle is 1640...If that is not broken, then aren't ready yet.
Possible it will go up to 1645.13 and that we will have some consolidation in the range between 1623.87 and 1645.13
Always expect unexpected.
  • #845
  • Mar 26, 2020 8:45am Mar 26, 2020 8:45am
Quoting BiteFX
{quote} 1620 broken... If 1630 is broken likewise, the 1700-1800 levels are opened to us.
retesting 1670 if break we soaring
rennstimp
  • #846
  • Edited 9:32am Mar 26, 2020 9:05am | Edited 9:32am
I bought at 1623.00 and closed it at 1627.75
This spread is too much for me. I feel better scalping.

Looking to short at 1645.13 with TP 1632.00. I will see is price going to find resistance or support at that price.
Attached Image
Always expect unexpected.
  • #847
  • Mar 26, 2020 10:23am Mar 26, 2020 10:23am
Quoting renNstimpy
{quote} retesting 1670 if break we soaring
Yeah... Gold eyeing 1670...the first neckline of that last two week's head and shoulders massive sell off.
Learn... Work Hard... Trade Alone
  • #848
  • Edited 11:55am Mar 26, 2020 10:29am | Edited 11:55am
Chart giving off bullish flag formation.
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  • #849
  • Mar 26, 2020 10:31am Mar 26, 2020 10:31am
Quoting BiteFX
{quote} Yeah... Gold eyeing 1670...the first neckline of that last two week's head and shoulders massive sell off.
But, I still maintain that until 1640 is broken, have got no serious business till then.
Learn... Work Hard... Trade Alone
  • #850
  • Mar 26, 2020 11:56am Mar 26, 2020 11:56am
Challenging 1640 psychological level...This is where I will know they mean business if broken upwards.
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  • #851
  • Mar 26, 2020 12:40pm Mar 26, 2020 12:40pm
Quoting BiteFX
Challenging 1640 psychological level...This is where I will know they mean business if broken upwards.
On the run away...
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  • #852
  • Mar 26, 2020 3:38pm Mar 26, 2020 3:38pm
Quoting BiteFX
{quote} On the run away...
You didn't follow through on your run. So, the are coming out for you.
Learn... Work Hard... Trade Alone
  • #853
  • Edited 10:19pm Mar 26, 2020 9:49pm | Edited 10:19pm
Friday March 27, 2020.
Today is the last trading day of the week.

Bulls broke 1640 yesterday but were sharply sent back below to 1620-1610 psychological level by the bears. And momentum is ragained as they found support at 1600.

Today, further movement to the upside is expected as they will be challenging the 1700-1800 psychological level.

However, if 1600 is broken downward, more rooms are opened to the the bears around the 1500-1400 psychological level.

With Red trendlines facing up in a broadening formation... And Blue trendlines facing down its a mixed signal. But, who was hit last? Red as support...Plus a break above blue says momentum continues.

Last trading day of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200326_231941_908.jpg Size: 84 KB
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  • #854
  • Mar 27, 2020 2:15am Mar 27, 2020 2:15am
Market is so choppy for now, including wide spread... The perfect plan to blow ignorant traders' accounts.

I will wait for you... I Stay Alive.
Learn... Work Hard... Trade Alone
  • #855
  • Mar 27, 2020 2:46am Mar 27, 2020 2:46am
I've got a short at 1620 psychological level... Let's see what's up next.
Learn... Work Hard... Trade Alone
  • #856
  • Mar 27, 2020 2:52am Mar 27, 2020 2:52am
Quoting BiteFX
I've got a short at 1620 psychological level... Let's see what's up next.
Stop loss 1640...wide stop loss for gold man...
Learn... Work Hard... Trade Alone
  • #857
  • Mar 27, 2020 3:54am Mar 27, 2020 3:54am
Quoting BiteFX
I've got a short at 1620 psychological level... Let's see what's up next.
Choppy market,
Wicked Spread,
Mixed signals,
End of week trading day,
Meeeeeen I had to get out as a scalper...19pips profit.
If there's a better way, I'll ride it off.

For now... I Stay Alive.
Learn... Work Hard... Trade Alone
  • #858
  • Mar 27, 2020 3:57am Mar 27, 2020 3:57am
Quoting Skoljkica
Looking to short at 1645.13 with TP 1632.00. I will see is price going to find resistance or support at that price. {image}
Morning all

Ok, so this scenario is played, as expected price went even lower to 1617.31. I expect for it to become support again. Buy up to 1632.00/1645.13 again.
Attached Image
Always expect unexpected.
  • #859
  • Mar 27, 2020 4:01am Mar 27, 2020 4:01am
When are we likely to get an ease in the financial market?
We need to pray for the well being of the global economy to be better... Dear God, may it be well with the global economy in Jesus name.
Halt every pandemic and threat to human lives all over the world... I believe in you. Amen.
Learn... Work Hard... Trade Alone
  • #860
  • Mar 27, 2020 4:09am Mar 27, 2020 4:09am
Quoting Skoljkica
{quote} Morning all Ok, so this scenario is played, as expected price went even lower to 1617.31. I expect for it to become support again. Buy up to 1632.00/1645.13 again. {image}
Good morning Skoljkica,
Agreed brother let's buy up...Just that, the spread is just a killer for me when I look at it...It's like saying to me"come enter the market, and I'll rip your account to shreds"
Learn... Work Hard... Trade Alone
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