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Gold Mining - Using Each Trading Day's Trend

  • #1,081
  • Apr 2, 2020 11:23am Apr 2, 2020 11:23am
Market heading straight to 1620...my 3R...Sote
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  • #1,082
  • Apr 2, 2020 11:35am Apr 2, 2020 11:35am
Quoting Mostafamu
{quote} Dear biteFx Am watching ur analyzing and u are so good doing that . But i need to ask you series question . Does forex depents on real market analyze . Or just chart analyze To be direct . In my opinion if the us makes a big deal and the dollar will get high and the gpb will get down . So that must be happen without any resistance for any price the gpbusd must go down without any analyize And i must trade with no risk reward ratio .
From your opinion brother, you seem to be a fundamental analyst.

Ouk...my take on your question.
By real analysis I don't understand what you mean... Unless you are implying real time price movement during a given trading day.

Market depends on just one factor-PRICE(my thoughts). Every other things are confluence(economic indicators).

If you can take a chart apart by analysing previous price movements you will actually see where news might be headed in real time.

I don't know if that is what you might be looking for...
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  • #1,083
  • Apr 2, 2020 12:26pm Apr 2, 2020 12:26pm
Quoting BiteFX
Market heading straight to 1620...my 3R...Sote
Hmmm... We're almost there!
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  • #1,084
  • Apr 2, 2020 12:44pm Apr 2, 2020 12:44pm
1620-1630 sits a bullish gap of Monday March 30, 2020.
This should act as a resistance first. Then tomorrow's parameters will tell us where to go...
I Stay Alive.
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  • #1,085
  • Apr 2, 2020 2:12pm Apr 2, 2020 2:12pm
Alright, I left some minutes ago...
260pips profit today...Market still moving up, but I want to sleep with some money in the bank.
Tommorrow is still there.
Thank you.
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  • #1,086
  • Apr 2, 2020 2:34pm Apr 2, 2020 2:34pm
if cross the golden line, more gold, will be mined
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 56 KB
  • #1,087
  • Apr 2, 2020 2:44pm Apr 2, 2020 2:44pm
Quoting QuantaMath
if cross the golden line, more gold, will be mined {image}
Yes, tomorrow is another gold mining day brother.
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  • #1,088
  • Apr 2, 2020 6:11pm Apr 2, 2020 6:11pm
Friday April 3, 2020.
Yesterday, bulls continued with the trade set up from Wednesday and rallied over 300pips.

Today, we expect them to move price much higher following today's trade parameters.

Red trendlines giving a bullish broadening formation(signifying more bullish movement) the bullish pressure continues. Blue and green trendlines facing upward, and price locked inside shows bears will struggle with the bulls a little today.

Trade idea...I've got a buy limit at 1610 psychological level. My eyes are also on 1600 if price ever reaches there today, I go long from there. Anything is possible!

We Stay Alive dudes... Last trading day of the week + NFP
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  • #1,089
  • Apr 2, 2020 11:54pm Apr 2, 2020 11:54pm
Chart giving off a pennant formation...One thing is sure about the pennant pattern when it holds...It is always a runaway market.
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  • #1,090
  • Apr 3, 2020 12:38am Apr 3, 2020 12:38am
Do you think gold today is growing at least to 1666? But my question is that it is now forming the wave c of abc and should have at least 1500 drops. What do you think?
  • #1,091
  • Apr 3, 2020 12:56am Apr 3, 2020 12:56am
Hi Bite

What is your opinion about the below report:

https://www.forexfactory.com/news/99...ook-far-better

Nano
  • #1,092
  • Edited 1:17am Apr 3, 2020 1:06am | Edited 1:17am
Quoting vahidjafar
Do you think gold today is growing at least to 1666? But my question is that it is now forming the wave c of abc and should have at least 1500 drops. What do you think?
Yes...1500 ia a very strong psychological level agreed... But for today, here is my thought... https://www.metalsmine.com/showthrea...7#post12854787

It may even beat it.
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  • #1,093
  • Apr 3, 2020 1:15am Apr 3, 2020 1:15am
Quoting Nanotech
Hi Bite What is your opinion about the below report: https://www.forexfactory.com/news/99...ook-far-better Nano
Ouk... Nano, thanks for drawing my attention to that report. I am not that good at analysing fundamentals.

But, I think it will still be worse for USD. Coronavirus has kept people away from almost everything in the world except "eating".

Now, even if the news has positive numbers, its move on the chart may be a price trigger of a particular psychological level but not an indication of where the market is headed today.

I hope that was in your light...
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  • #1,094
  • Apr 3, 2020 1:31am Apr 3, 2020 1:31am
I am afraid of heights...but, I had to buy this market at that level.
*My stop loss always is 100 pips i.e 1000 points.
*I don't scalp. It doesn't satisfy my greed level.
*Market can be so deceptive...that is why I learn from every and any lost trade.
*Only the market can judge a position if right or wrong, because that is where your money is at the moment.

First post, First page...Enshrines my basic beliefs about the market.
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  • #1,095
  • Apr 3, 2020 3:13am Apr 3, 2020 3:13am
I am expecting pull back down to 1559.29 (100%WS) and then up to 1660.97 (100% WS) until the end of the day. With that, price fulfilled its daily range.
Price could stop at 1646.41 (76.4% WR) and make a pull back down a little bit and then continue its path to 1660.97.
Also, resistance lines are 1622.85 and 1630.13
Attached Image
Attached Image
Always expect unexpected.
  • #1,096
  • Apr 3, 2020 3:59am Apr 3, 2020 3:59am
Quoting Skoljkica
I am expecting pull back down to 1559.29 (100%WS) and then up to 1660.97 (100% WS) until the end of the day. With that, price fulfilled its daily range. Price could stop at 1646.41 (76.4% WR) and make a pull back down a little bit and then continue its path to 1660.97. Also, resistance lines are 1622.85 and 1630.13 {image} {image}
Nice one brother.
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  • #1,097
  • Apr 3, 2020 4:05am Apr 3, 2020 4:05am
Today is highly deceptive... Because of NFP coming pressure and the uncertain look of things globally caused by coronavirus.
In all these, I Stay Alive...
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  • #1,098
  • Apr 3, 2020 6:14am Apr 3, 2020 6:14am
and are really digging it out around the 1610 psychological level for a huge directional bias.

Who will win? Hmmm...The market will decide that.
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  • #1,099
  • Apr 3, 2020 6:41am Apr 3, 2020 6:41am
Quoting BiteFX
and are really digging it out around the 1610 psychological level for a huge directional bias. Who will win? Hmmm...The market will decide that.
Although, am still alive with my original trade idea...I am still all in.
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  • #1,100
  • Apr 3, 2020 6:44am Apr 3, 2020 6:44am
Quoting BiteFX
{quote} Although, am still alive with my original trade idea...I am still all in.
Until the market says am wrong.
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