Gold Mining - Using Each Trading Day's Trend | Page 45 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #881
  • Mar 27, 2020 8:50am Mar 27, 2020 8:50am
Gold challenging 1630. After that, 1640 will be the next.
And then, a run away to....? May be 1700.
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  • #882
  • Mar 27, 2020 9:31am Mar 27, 2020 9:31am
Am afraid of heights, but I bought anyway...If it soars higher...Sote, If gravity takes over...Sote.
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  • #883
  • Mar 27, 2020 10:16am Mar 27, 2020 10:16am
Price has difficulties breaking 1623.87
Waiting for possible pull back down to 1615.72 since 1617.31 acted as a support many times.
Attached Image
Always expect unexpected.
  • #884
  • Edited 10:38am Mar 27, 2020 10:20am | Edited 10:38am
friday to next week new xau high stamp it
rennstimp
  • #885
  • Mar 27, 2020 10:53am Mar 27, 2020 10:53am
Quoting renNstimpy
friday to next week new xau high stamp it
It will get higher. Safe haven duty call.
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  • #886
  • Mar 27, 2020 2:14pm Mar 27, 2020 2:14pm
Hey guys! Am gonna be ish till next week Monday...
I stay alive over the weekend.
Love y'all...We Stay Alive.
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  • #887
  • Mar 29, 2020 12:35pm Mar 29, 2020 12:35pm
You know, we read things from the experiences of 20 to 30 years of practical traders yet, we ignore them.

Looking back at this trade that gave me 900pips profit in a twinkle of an eye last week ,
After the thrust, the candle wick was actually deleted/erased.
I learnt a lot. Look at the chart.

1. Brokers don't have you at their interest.
2. A trading account can be blown in a minute, it can also quadruple in a minute. BE CAREFUL OF YOUR LOT SIZE.
3. Always set Take Profit and Stop Loss.
4. Market is always crazy...Stay alive.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: IMG_20200326_090552_774.jpg Size: 116 KB
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  • #888
  • Mar 29, 2020 5:06pm Mar 29, 2020 5:06pm
Market gap up at open was 100 pips plus profit for me... Let me take that first before trading day's analysis comes later.
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  • #889
  • Mar 29, 2020 5:24pm Mar 29, 2020 5:24pm
Quoting BiteFX
Market gap up at open was 100 pips plus profit for me... Let me take that first before trading day's analysis comes later.
Gap was quickly closed by the s... Let's see if the s have enough momentum to push up further.
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  • #890
  • Mar 29, 2020 6:41pm Mar 29, 2020 6:41pm
Monday March 30, 2020.

Last week's Friday market closed under the 1620 psychological level and the bulls seem to be easing off. Bears are finding a reversal. But, with today's gap up, there may be upside potential.

Currently, the chart shows much more confusion as the red trendlines are crossed on themselves...the blue trendlines facing up at the top of the market may be dangerous for the bulls. And lastly the green trendlines crossed on themselves signalling a possible reversal.

If 1620 holds as a support, Bulls may follow up the gap and a bullish run will take place to 1700-1800 psychological level.
Otherwise, the Bears will initiate a reversal down to 1510-1500 psychological level.
Attached Image (click to enlarge)
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  • #891
  • Mar 29, 2020 11:13pm Mar 29, 2020 11:13pm
s are trying really hard to break past the 1620 psych level, but, s are not giving them the chance.
Am waiting for a breakout in any of the directions, and then, I'll follow through on a pullback simple.

They really need to break past all trend lines to show ish seriouness.
Attached Image (click to enlarge)
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  • #892
  • Mar 30, 2020 2:46am Mar 30, 2020 2:46am
Quoting BiteFX
s are trying really hard to break past the 1620 psych level, but, s are not giving them the chance. Am waiting for a breakout in any of the directions, and then, I'll follow through on a pullback simple. They really need to break past all trend lines to show ish seriouness. {image}
Talking about this... The breakout am looking for is 1640 breakout or 1600 breakout.
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  • #893
  • Mar 30, 2020 3:20am Mar 30, 2020 3:20am
Morning all
I'm looking to buy gold at 1613.84 (23.6% WS), but I'm also prepared that price could go lower down to 1599.29 (100% WS)
TP 1646.41 (76.4% WR)
Attached Image
Attached Image
Always expect unexpected.
  • #894
  • Mar 30, 2020 3:38am Mar 30, 2020 3:38am
Quoting Skoljkica
Morning all I'm looking to buy gold at 1613.84 (23.6% WS), but I'm also prepared that price could go lower down to 1599.29 (100% WS) TP 1646.41 (76.4% WR) {image}{image}
Yes, You're right.
Today, the market looks more confused than last week... But, we are prepared for any of its move.
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  • #895
  • Mar 30, 2020 5:09am Mar 30, 2020 5:09am
may be up to something...I've got a limit order at 1620....stop loss at 1600.
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  • #896
  • Mar 30, 2020 7:12am Mar 30, 2020 7:12am
I rather see the market unsure and cautious. High spreads indicate this too. Maybe it is better to skip trading for today and see how much gold Russia will sell as well as the reaction of the US businesses to COVID-19 close downs.
  • #897
  • Mar 30, 2020 7:13am Mar 30, 2020 7:13am
Price returned below 1620 psych level...can the thrust lower? If not, the may very well spike above 1630-1640...
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  • #898
  • Mar 30, 2020 7:16am Mar 30, 2020 7:16am
Quoting jetkoboss
I rather see the market unsure and cautious. High spreads indicate this too. Maybe it is better to skip trading for today and see how much gold Russia will sell as well as the reaction of the US businesses to COVID-19 close downs.
Yes bro...fundamentals plays into chart patterns.
It is not the news, but the reaction of traders to the news.
Let's see what's up next sha.
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  • #899
  • Mar 30, 2020 7:23am Mar 30, 2020 7:23am
Quoting BiteFX
may be up to something...I've got a limit order at 1620....stop loss at 1600.
Am already in...I Stay Alive guys
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  • #900
  • Mar 30, 2020 7:29am Mar 30, 2020 7:29am
Price fell down to 1615.72
I expect one more push down before growth
1613.84/1599.29 on the sight
Always expect unexpected.
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