Gold Mining - Using Each Trading Day's Trend

Quoting rayoub

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{quote} Couldn't have said it better. And good day Skol.. I really appreciate your analysis and charts, honestly helps me learn everyday. I've been on the side since the trading day began,, took one too many losses this week to be comfortable with and didnt have a properly executed game plan such as 1r=2r wtc kind of just winged it with losses and profits, not the smartest thing to do but we learn every day. Going back through this weeks analysis MAN we were all spot on!!! I learn from you guys everyday...As I'm finding no greed, no fear" fear of...

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Quoting rayoub

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{quote} Seems bears are controlling the market for now however 1683 has held its ground so far. If we get a break of 1682 I see 1675 as first support then down to 1665, possibly extending to 1657, only if a nice break below 1682. on the flip side if bulls can take it back above 1699.65 might be able to use that as a support back to 1721.50

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Quoting BiteFX

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Well done job guys... We Stay Alive till next week... Happy Weekend to y'all.

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Quoting rayoub

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trade ideas for today is we will see bearish pullback to 1680- 1677. Now that price has broken 1708 which was acting as a neckline to a potential hns on 4he. now that price has broken it. sell limit at 1718.50 safer side would be sell limit at 1725 if bulls can drive price back above 1731 then this move will be invalidated. {image} {image}

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Quoting sharingan9

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{quote} Very nice collapse of gold on the retrace to 1700 round number. I entered short around there. You were right, today gravity was present. Thanks for the help bro. enjoy the weekend and stay safe

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Quoting BiteFX

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Weekends are for... * Studying * Back testing * Trade call reviews * Evaluation and Projection All these are to ensure that we stay alive.

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Quoting BiteFX

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Trade Idea for tomorrow...Monday April 20, 2020. Gravity is upon us... Double top chart pattern is confirmed with the neckline being 1711.00. Resistance is at 1706.50, if price breaks this level upward, gravity will be invalidated. Support is at 1688.50, and already broken downward last week Friday. We expect a retest of that level and then the continuation of gravity to first 1670.50, and then 1639.00. Trade idea... A.Sell limit at 1688.50 B.1706.50 *Between 1702.00 and 1693.00 lies a space...what I call "the free zone" from my recent discovery....

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Quoting rayoub

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{quote} well done sir I couldn't have said that better either. I share the same ideas as you Bitefx. on 30min trend I see 1688.50 on the 4he and daily I see 1690.50 not a huge difference so a sell limit in between there should be golden. if bulls break above 1705 as you said could invalidate the bear run. as for to. I am seeing 1665 potentially 1659 which would be daily support as indicated on charts attached. {image} {image} {image}

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Quoting rayoub

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nice push up from the green trendline as shown with arrows could give us enough juice to get our sell limits activated. {image}

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Quoting BiteFX

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{quote} Yes... We wait for the market to come to us... We won't run after it. Well done job.

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Quoting Skoljkica

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Morning all. Great analysis both. I am looking to enter short at 1689.27, but wouldn't be surprised if price reaches 1698.42, so I will wait with my entry to see where will resistance be. TP1 is at 1664.90 (50%WS) where price previously found support TP2 1647.20 (23.6% WS), price should reach it until the end of the day and possible go even lower. SL 1700.00 {image}{image}

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Quoting BiteFX

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{quote} Yes... We wait for the market to come to us... We won't run after it. Well done job.

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Quoting Rudrax

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{quote} Golden Words Brother!!!!!

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