Gold Mining - Using Each Trading Day's Trend | Page 72 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #1,421
  • Apr 16, 2020 3:01am Apr 16, 2020 3:01am
Yesterday, price was in a range between 1722.00 and 1714.39, which indicates above 1722.00 buy, below 1714.39 sell.
But there is also so many opportunities to trade between those prices.
Today price shows bulls are stronger than bears and that leads to my previous post. I don't think price will test 1714.39 again, but I also might be wrong. Let's see what the market says.
Always expect unexpected.
  • #1,422
  • Apr 16, 2020 3:03am Apr 16, 2020 3:03am
Quoting Skoljkica
Morning all, great analysis there. If bulls are dominating today, it is to expect price will find support at 1722.00. But I'm expecting a little more push down to 1719.45. If price finds support there, buy with TP 1731.42 Even tough, price will go much higher, up to 1746.64 or even higher 1757.98, but first it has to break 1731.42 I didn't go long at 1722.00, let's see if I was right with waiting. {image} {image}
I'm in. But spread was high and I executed my trade at 1721.16 instead 1719.45
Attached Image
Always expect unexpected.
  • #1,423
  • Apr 16, 2020 3:13am Apr 16, 2020 3:13am
Quoting Skoljkica
{quote} I'm in. But spread was high and I executed my trade at 1721.16 instead 1719.45 {image}
As you saw earlier, I don't like to stay long in my trades. I like to catch as much as I can and reenter the trade.
First resistance is at 1726.82, so we can expect price will find resistance there and try to confirm 1722.00 as a support. So there is also scenario I will get out at 1726.82 and see what will price do next. Will see.
Always expect unexpected.
  • #1,424
  • Apr 16, 2020 3:21am Apr 16, 2020 3:21am
Quoting Skoljkica
{quote} I'm in. But spread was high and I executed my trade at 1721.16 instead 1719.45 {image}
Price finds 1723.98 (my 38.2% Fibo Month) as a resistance. I'm out with 30 pips and waiting new opportunity at 1722.00
Always expect unexpected.
  • #1,425
  • Apr 16, 2020 3:31am Apr 16, 2020 3:31am
Quoting Skoljkica
{quote} Price finds 1723.98 (my 38.2% Fibo Month) as a resistance. I'm out with 30 pips and waiting new opportunity at 1722.00
New opportunity, old parameters
Attached Image
Always expect unexpected.
  • #1,426
  • Apr 16, 2020 4:07am Apr 16, 2020 4:07am
Price is stuck in a range 1723.98 and 1722.00
Maybe one more push down to 1719.45?
If price breaks 1723.98 and finds it as a support, then up to 1731.42.
If it can't break 1723.98 then down to 1714.39
Attached Image
Always expect unexpected.
  • #1,427
  • Apr 16, 2020 4:31am Apr 16, 2020 4:31am
Ray and Nano... Thanks! The analysis is for Thursday.
Learn... Work Hard... Trade Alone
  • #1,428
  • Apr 16, 2020 4:34am Apr 16, 2020 4:34am
Quoting Skoljkica
Maybe one more push down to 1719.45?
Attached Image
Always expect unexpected.
  • #1,429
  • Apr 16, 2020 4:53am Apr 16, 2020 4:53am
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 44 KB
  • #1,430
  • Apr 16, 2020 5:08am Apr 16, 2020 5:08am
Quoting QuantaMath
{image}
QuantaMath, what are you saying bro?
Learn... Work Hard... Trade Alone
  • #1,431
  • Apr 16, 2020 5:15am Apr 16, 2020 5:15am
Quoting BiteFX
{quote} QuantaMath, what are you saying bro?
The white dashed trend line crossed and it seem be good support but about 1725 is very stubborn resistant level and i guess if it will break price can move to near 1741
  • #1,432
  • Apr 16, 2020 5:22am Apr 16, 2020 5:22am
Quoting QuantaMath
{quote} The white dashed trend line crossed and it seem be good support but about 1725 is very stubborn resistant level and i guess if it will break price can move to near 1741
I think NY will decide about the direction
  • #1,433
  • Apr 16, 2020 5:40am Apr 16, 2020 5:40am
Quoting QuantaMath
{quote} The white dashed trend line crossed and it seem be good support but about 1725 is very stubborn resistant level and i guess if it will break price can move to near 1741
Ouk... Thanks man... You're on point... We await market judgement.
I've been long since 1715...I Stay Alive.
Learn... Work Hard... Trade Alone
  • #1,434
  • Apr 16, 2020 5:43am Apr 16, 2020 5:43am
Quoting BiteFX
{quote} Ouk... Thanks man... You're on point... We await market judgement. I've been long since 1715...I Stay Alive.
great, I was enter at 1723
  • #1,435
  • Apr 16, 2020 6:17am Apr 16, 2020 6:17am
Quoting BiteFX
Trade ideas for tomorrow... Thursday April 16, 2020. As the last trading day of this week, I suggest we trade with caution and highly conservative risk management. With market bulls and bears battling in a range between 1725 and 1710, The Levels to watch out for are 1730 and 1705. * A break above 1730 shows antigravity. * A break below 1705 show gravity. Definitely a breakout will happen today. Trade ideas...personally I expect antigravity. Hence, A. Long at 1715...stop loss at 1705 B. If 1705 is broken downward and retested from below, short from...
Alright, last candle broke 1730...current candle retesting it for potential support.
Antigravity has come...
Learn... Work Hard... Trade Alone
  • #1,436
  • Apr 16, 2020 6:37am Apr 16, 2020 6:37am
Quoting BiteFX
{quote} Alright, last candle broke 1730...current candle retesting it for potential support. Antigravity has come...
Great analysis, everyday is a new day with a new trend and u got it spot on
  • #1,437
  • Apr 16, 2020 7:13am Apr 16, 2020 7:13am
First take profit taken manually... 220 pips. Thank you.
We await retracement to continue with our antigravity to a new multi year high.

We Stay Alive
Learn... Work Hard... Trade Alone
  • #1,438
  • Apr 16, 2020 7:22am Apr 16, 2020 7:22am
The market should be gracious a little and retrace to 1730...I have a buy limit there... Thank you in advance.
Learn... Work Hard... Trade Alone
  • #1,439
  • Apr 16, 2020 7:34am Apr 16, 2020 7:34am
Quoting Skoljkica
But I'm expecting a little more push down to 1719.45. If price finds support there, buy with TP 1731.42 Even tough, price will go much higher, up to 1746.64 or even higher 1757.98, but first it has to break 1731.42 I didn't go long at 1722.00, let's see if I was right with waiting. {image} {image}
First TP 1731.42 hit.
Now waiting new opportunity to enter trade.
Maybe 1722.00 again or 1724.00?
Attached Image
Always expect unexpected.
  • #1,440
  • Apr 16, 2020 7:37am Apr 16, 2020 7:37am
Quoting BiteFX
The market should be gracious a little and retrace to 1730...I have a buy limit there... Thank you in advance.
Activated... I Stay Alive... Antigravity
Learn... Work Hard... Trade Alone
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