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Gold Mining - Using Each Trading Day's Trend

  • #1,301
  • Edited 5:48pm Apr 12, 2020 5:28pm | Edited 5:48pm
Trade idea for tomorrow... Monday April 13, 2020.
The bullish movement is still on. The goal is to clear March 2020 high and perhaps a retracement.

A brief gap lower with no power to follow through and bulls closing the window quickly shows they are still in charge today.

My Chart analysis says market will go even higher.
So, the two entry levels am eyeing are buy limit at 1682.84 and 1675.19

A break below 1659.90 will invalidate the bullish run. While a break above 1690.48 will continue the antigravity.

We Stay Alive...this is Forex, anything is possible!
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  • #1,302
  • Apr 12, 2020 9:10pm Apr 12, 2020 9:10pm
Trade ideas.
Hope you had a great weekend Bitefx and you all. Happy Easter. So I agree with what was said above. Once gold opened up went down to hit 4he support at trendline around 1672. One hour has hit 1hr trendline support at 1680. As stated above if bulls can break above 1692 could continue flying. However a break below 1680 may give bears a chance to take it back to 1671.48. If bears manage to break below 1665 could drive price back to 1657 support on daily trend.
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  • #1,303
  • Apr 12, 2020 10:03pm Apr 12, 2020 10:03pm
Quoting rayoub
Trade ideas. Hope you had a great weekend Bitefx and you all. Happy Easter. So I agree with what was said above. Once gold opened up went down to hit 4he support at trendline around 1672. One hour has hit 1hr trendline support at 1680. As stated above if bulls can break above 1692 could continue flying. However a break below 1680 may give bears a chance to take it back to 1671.48. If bears manage to break below 1665 could drive price back to 1657 support on daily trend. {image} {image} {image}
Easter is great Rayoub...Thank you.
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  • #1,304
  • Apr 12, 2020 10:04pm Apr 12, 2020 10:04pm
Quoting rayoub
Trade ideas. Hope you had a great weekend Bitefx and you all. Happy Easter. So I agree with what was said above. Once gold opened up went down to hit 4he support at trendline around 1672. One hour has hit 1hr trendline support at 1680. As stated above if bulls can break above 1692 could continue flying. However a break below 1680 may give bears a chance to take it back to 1671.48. If bears manage to break below 1665 could drive price back to 1657 support on daily trend. {image} {image} {image}
Your analysis is worth the weight of Gold man.
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  • #1,305
  • Apr 12, 2020 10:06pm Apr 12, 2020 10:06pm
Quoting BiteFX
Trade idea for tomorrow... Monday April 13, 2020. The bullish movement is still on. The goal is to clear March 2020 high and perhaps a retracement. A brief gap lower with no power to follow through and bulls closing the window quickly shows they are still in charge today. My Chart analysis says market will go even higher. So, the two entry levels am eyeing are buy limit at 1682.84 and 1675.19 A break below 1659.90 will invalidate the bullish run. While a break above 1690.48 will continue the antigravity. We Stay Alive...this is Forex, anything is...
1682.84 activated...I await market judgement...I stay alive
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  • #1,306
  • Apr 12, 2020 10:10pm Apr 12, 2020 10:10pm
Quoting BiteFX
{quote} 1682.84 activated...I await market judgement...I stay alive
Oh! I see, it was activated 2 hours ago...I was sleeping then...just woke up not too long ago.
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  • #1,307
  • Apr 12, 2020 10:14pm Apr 12, 2020 10:14pm
Quoting BiteFX
{quote} Your analysis is worth the weight of Gold man.
Thank you sir I appreciate it as is yours!. I had a buy limit placed at 1680, however got a little impatient with the spread and manually activated a buy at 1682.40 lol , but we stay alive. On 4hr Tf and daily tf I see bulls eyeing 1715 quite nicely. of course as I'm learning we will await market confirmation
  • #1,308
  • Apr 13, 2020 2:16am Apr 13, 2020 2:16am
Battle at 1690.48...I Stay Alive
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  • #1,309
  • Apr 13, 2020 4:05am Apr 13, 2020 4:05am
Good day to all, I hope you are well and rested.

Today, bullish mode for Gold, if it finds support at 1682.15. Price can go higher to 1746.64 until the end of the week or even today.
First resistance is at 1706.78

If price doesn't find support at 1682.15, then sell down to 1657.51 and possible buy there.
Attached Image
Always expect unexpected.
  • #1,310
  • Apr 13, 2020 4:07am Apr 13, 2020 4:07am
Quoting BiteFX
Trade idea for tomorrow... Monday April 13, 2020. The bullish movement is still on. The goal is to clear March 2020 high and perhaps a retracement. A brief gap lower with no power to follow through and bulls closing the window quickly shows they are still in charge today. My Chart analysis says market will go even higher. So, the two entry levels am eyeing are buy limit at 1682.84 and 1675.19 A break below 1659.90 will invalidate the bullish run. While a break above 1690.48 will continue the antigravity. We Stay Alive...this is Forex, anything is...
Great analysis!
I agree with you.
Let's see what will happen around 1682
Always expect unexpected.
  • #1,311
  • Apr 13, 2020 5:19am Apr 13, 2020 5:19am
Nevertheless what price does, I will stay out of the trade today. I won't be surprised if price does big movement or if it doesn't move much.
So, I'm expecting tomorrow the same scenario as today. I will see what does the price say.
Always expect unexpected.
  • #1,312
  • Apr 13, 2020 7:08am Apr 13, 2020 7:08am
Quoting BiteFX
Trade idea for tomorrow... Monday April 13, 2020. The bullish movement is still on. The goal is to clear March 2020 high and perhaps a retracement. A brief gap lower with no power to follow through and bulls closing the window quickly shows they are still in charge today. My Chart analysis says market will go even higher. So, the two entry levels am eyeing are buy limit at 1682.84 and 1675.19 A break below 1659.90 will invalidate the bullish run. While a break above 1690.48 will continue the antigravity. We Stay Alive...this is Forex,...
Broken...antigravity continues...
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  • #1,313
  • Edited 7:57am Apr 13, 2020 7:41am | Edited 7:57am
Price is currently in a range between 1693.44 and 1688.27 and have difficulties breaking both.
Daily is in a range between 1693.44 and 1682.15.
Price doesn't have the force to break 1693.44, so I'm still expecting it will test 1682.15/1679.56 again to confirm it as a support.
Attached Image
Attached Image
Always expect unexpected.
  • #1,314
  • Apr 13, 2020 8:03am Apr 13, 2020 8:03am
I def agree with you Skol. A retest at 1682 very possible if price cant close above 1692. However also worth noting is if 4he closes above could potentially use 1692 even as you have marked above 1688 as support to continue its move towards next target.
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  • #1,315
  • Apr 13, 2020 9:11am Apr 13, 2020 9:11am
Quoting rayoub
I def agree with you Skol. A retest at 1682 very possible if price cant close above 1692. However also worth noting is if 4he closes above could potentially use 1692 even as you have marked above 1688 as support to continue its move towards next target. {image}
Agree with you. H4 opened above 1682.15, but below 1693.44.
Price is still struggling to break it. If 1693.44 is broken, then up to 1706.78 as a first resistance.
Always expect unexpected.
  • #1,316
  • Apr 13, 2020 9:51am Apr 13, 2020 9:51am
1698.13 is the current resistance that we are challenging... So, I stay alive...today I remain a stubborn
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  • #1,317
  • Apr 13, 2020 9:59am Apr 13, 2020 9:59am
Quoting BiteFX
1698.13 is the current resistance that we are challenging... So, I stay alive...today I remain a stubborn
I will have to mark these resistances you guys have stated on my charts as well. Seems as if I'm missing some chunks between 1680 and 1715 -__- . But I am right there along with you Bitefx. staying stubborn and true to the trend. I had moments where I was tempted to close out with a decent profit but that would defeat the trading of the trend strategy. Have to follow through with what the market shows us.
  • #1,318
  • Apr 13, 2020 10:24am Apr 13, 2020 10:24am
Market trading above 1705.77... We now have an all time year high going to challenge year 2013 high...
Gold, thank you.
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  • #1,319
  • Apr 13, 2020 10:34am Apr 13, 2020 10:34am
I expect a decent pull back before we continue antigravity...
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  • #1,320
  • Apr 13, 2020 10:44am Apr 13, 2020 10:44am
Quoting BiteFX
I expect a decent pull back before we continue antigravity...
Am talking about 1705.77 here.
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