Gold Mining - Using Each Trading Day's Trend | Page 68 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Scalping Gold using WPR 1,019 replies

Which standard Indicators are most related to each other? 2 replies

Gold Mining II - Using Reference Lines 13 replies

An idea for building wealth...using only gold 9 replies

Trading Gold - An End of Day System 27 replies

Attachments: Gold Mining - Using Each Trading Day's Trend
Exit Attachments

Gold Mining - Using Each Trading Day's Trend

  • #1,341
  • Apr 14, 2020 3:40am Apr 14, 2020 3:40am
Quoting Skoljkica
{quote} Today price can go up to 1771.27 (38.2% WR), especially if USD continues to be weak.
Hmmm...
Learn... Work Hard... Trade Alone
  • #1,342
  • Apr 14, 2020 3:49am Apr 14, 2020 3:49am
If the price will cross the white and golden line at above, it would be possible to meet more than 1750 and maybe 1770
15Min chart and the pattern updated
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 44 KB
  • #1,343
  • Apr 14, 2020 3:49am Apr 14, 2020 3:49am
Quoting Skoljkica
I am looking to enter long at 1717.35 (23.6% DS) if price will retest it.
I'm in and out. Scalped 30 pips.
Attached Image

Possible one more push down to 1714.39
Always expect unexpected.
  • #1,344
  • Apr 14, 2020 5:10am Apr 14, 2020 5:10am
Will price go even lower? What about 1709.66/1709.24?
Or it will stay above 1717.35 and just continue rising?
Or I will finally see those 1714.39 I'm expecting?

I'm so glad I've closed earlier trade. Since then, price didn't move. Boring.
Always expect unexpected.
  • #1,345
  • Apr 14, 2020 5:18am Apr 14, 2020 5:18am
Ya I it has been a crazy day already. I manually closed my trade about 10 mins ago with the smallest amount of profit. Better to stay alive in these market conditions and to reanalyze for the next move. But I def agree with the price movements we've seen recently seems bulls are relentless to let gravity take over and are holding their advantage. as my trend lines show 1731 may be next target of interest and beyond that to 1745 where I have my weekly trendline resistance...but I will just stay on sidelines and watch for now.
  • #1,346
  • Apr 14, 2020 5:22am Apr 14, 2020 5:22am
Quoting rayoub
Ya I it has been a crazy day already. I manually closed my trade about 10 mins ago with the smallest amount of profit. Better to stay alive in these market conditions and to reanalyze for the next move. But I def agree with the price movements we've seen recently seems bulls are relentless to let gravity take over and are holding their advantage. as my trend lines show 1731 may be next target of interest and beyond that to 1745 where I have my weekly trendline resistance...but I will just stay on sidelines and watch for now.
Yeah, maybe something will happen in two hours from now, after USD news.
Always expect unexpected.
  • #1,347
  • Apr 14, 2020 7:36am Apr 14, 2020 7:36am
Stop Loss hit...We Stay Alive for tomorrow...
Learn... Work Hard... Trade Alone
  • #1,348
  • Apr 14, 2020 8:06am Apr 14, 2020 8:06am
Will 1722/1723 act as a support again or price will go more down?
If 1722/1723 is going to be a support, I'm in with bulls.

But it is also possible that price won't even make that big pullback down. I'm expecting it will.
Will see.
Always expect unexpected.
  • #1,349
  • Apr 14, 2020 8:26am Apr 14, 2020 8:26am
do you guys thing Buying gold right here ... is good choice ?
  • #1,350
  • Apr 14, 2020 9:15am Apr 14, 2020 9:15am
Man these bulls aren't playing around. So as I was sleeping price was able to shoot past 1718 and position it above the 4hr trendline I had placed screenshots of yesterday. so it used it as a support and flew looks as if its heading to 1745.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200414-101330_MetaTrader 4.jpg Size: 776 KB
  • #1,351
  • Apr 14, 2020 1:26pm Apr 14, 2020 1:26pm
As Bitefx said it's been a crazy day. Just want to say thanks to Skol and Quanta because I've been trading for about 2 years now really only focus on gold but as most of my trading is done through my phone I am not properly able to analyze the 1700 levels for gold other than my trendlines that reach up there, but I appreciate both of you guys charts and insight into the 1700 levels so I can continue learning and trading successfully. Also to quote quanta the statement that "Trading is WAR, we stay alive" from BITEFX, idk how many times I've recited that to myself in a day to dig it in that the most important thing is to stay alive to fight another day. Its helped me with accepting certain losses that I usually would try to convince myself would go the other way. anyways thanks to all of you guys for your inputs and analysis and I look forward to continue mining gold together and be successful.
  • #1,352
  • Apr 14, 2020 4:55pm Apr 14, 2020 4:55pm
Trade idea for tomorrow... Wednesday April 15, 2020.
Bulls moved the market above 1740 psych level but was quickly rejected by the bears down to 1720-1730 area.
Tommorrow, we expect gravity.

Levels to watch are 1740, 1730, and 1710
*A break above 1740 continues the antigravity. And invalidates the gravity started late yesterday.
*A retest of 1730 from below may continue the gravity started late yesterday.
*A break below 1710 validates the gravity, and may open us up to lower price levels.

Trade idea... A. Sell limit at 1740...stop loss at 1750. B. Sell limit at 1730...stop loss at 1740

We Stay Alive...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200414_222812_510.jpg Size: 98 KB
Learn... Work Hard... Trade Alone
  • #1,353
  • Apr 14, 2020 6:59pm Apr 14, 2020 6:59pm
Trade idea as well... So yesterday bulls drove price to weekly resistance at 1746 but quickly got rejected to 1720. However the daily candle closed above 1725 which as attached picture shows is above a channel gold has been following for quite some time. Possible move would be a retest of 1720-1721 (which I believe has happened) with a push back above 1731. If bulls can take it back above 1731 we may see support found at 1727 where bulls can again have a run back to 1743. As much as a sell is appealing due to the fact that the 4hr has yet to break structure and has followed a nice uptrend as also attached . If bears can drive price below 1714 I believe a sell could be initiated at 1718. if price stays above 1720 I believe we may see new highs for this year.

So I would say potential buy at 1721 sl at 1711,
if price goes above 1731 then buy limit at 1727.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200414-194133_MetaTrader 4.jpg Size: 870 KB
Click to Enlarge Name: Screenshot_20200414-195632_MetaTrader 4.jpg Size: 549 KB
  • #1,354
  • Apr 14, 2020 7:23pm Apr 14, 2020 7:23pm
Is that a head and shoulders on silver m15?
  • #1,355
  • Apr 14, 2020 8:44pm Apr 14, 2020 8:44pm
Quoting BiteFX
Trade idea for tomorrow... Wednesday April 15, 2020. Bulls moved the market above 1740 psych level but was quickly rejected by the bears down to 1720-1730 area. Tommorrow, we expect gravity. Levels to watch are 1740, 1730, and 1710 *A break above 1740 continues the antigravity. And invalidates the gravity started late yesterday. *A retest of 1730 from below may continue the gravity started late yesterday. *A break below 1710 validates the gravity, and may open us up to lower price levels. Trade idea... A. Sell limit at 1740...stop loss at 1750....
Great analysis!! went to try 1730 and was rejected quite nicely!
  • #1,356
  • Apr 15, 2020 12:01am Apr 15, 2020 12:01am
Quoting rayoub
Trade idea as well... So yesterday bulls drove price to weekly resistance at 1746 but quickly got rejected to 1720. However the daily candle closed above 1725 which as attached picture shows is above a channel gold has been following for quite some time. Possible move would be a retest of 1720-1721 (which I believe has happened) with a push back above 1731. If bulls can take it back above 1731 we may see support found at 1727 where bulls can again have a run back to 1743. As much as a sell is appealing due to the fact that the 4hr has yet to break...
You're doing a great job man... Am really enjoying and also learning from your analysis.
Learn... Work Hard... Trade Alone
  • #1,357
  • Apr 15, 2020 12:05am Apr 15, 2020 12:05am
Quoting HDSman
Is that a head and shoulders on silver m15?
Sorry HDSman, we do only GOLD here...Stay Alive
Learn... Work Hard... Trade Alone
  • #1,358
  • Apr 15, 2020 3:00am Apr 15, 2020 3:00am
1710 acting as a support...antigravity after gravity...so so interesting!
Learn... Work Hard... Trade Alone
  • #1,359
  • Apr 15, 2020 3:15am Apr 15, 2020 3:15am
Quoting BiteFX
Trade idea for tomorrow... Wednesday April 15, 2020. Bulls moved the market above 1740 psych level but was quickly rejected by the bears down to 1720-1730 area. Tommorrow, we expect gravity. Levels to watch are 1740, 1730, and 1710 *A break above 1740 continues the antigravity. And invalidates the gravity started late yesterday. *A retest of 1730 from below may continue the gravity started late yesterday. *A break below 1710 validates the gravity, and may open us up to lower price levels. Trade idea... A. Sell limit at 1740...stop loss at 1750....
Great analysis!
Always expect unexpected.
  • #1,360
  • Apr 15, 2020 3:17am Apr 15, 2020 3:17am
Quoting rayoub
Trade idea as well... So yesterday bulls drove price to weekly resistance at 1746 but quickly got rejected to 1720. However the daily candle closed above 1725 which as attached picture shows is above a channel gold has been following for quite some time. Possible move would be a retest of 1720-1721 (which I believe has happened) with a push back above 1731. If bulls can take it back above 1731 we may see support found at 1727 where bulls can again have a run back to 1743. As much as a sell is appealing due to the fact that the 4hr has yet to break...
Great analysis.
It also kind of go in with my fibo lines.
Always expect unexpected.
4 traders viewing now