Gold Mining - Using Each Trading Day's Trend

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 QuantaMath

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Hi great friends I think by crossing the blue trend line at above price direction could be change. but i cannot estimate the next price accurately {image} {image}

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Quoting QuantaMath

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{quote} Oops, the blue trend line crossed at the time of writing the post

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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 1706.86 {image}{image}

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Quoting BiteFX

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{quote} Alright... Trade idea activated... We await market price judgement ...We Stay Alive

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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 1706.86 {image}{image}

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Quoting Skoljkica

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{quote} 1689.27 acted as a resistance. {image} I am expecting one more push towards 1694.70/1698.42

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Quoting BiteFX

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V. 1675.00 level was a reversal earlier today. Now, we expect a downward breakout at B. 1670.50... But, a move into FZ(free zone), and above P. 1697.50 will invalidate this trade idea. For the time being... I Stay Alive. {image}

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Quoting BiteFX

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V. 1675.00 level was a reversal earlier today. Now, we expect a downward breakout at B. 1670.50... But, a move into FZ(free zone), and above P. 1697.50 will invalidate this trade idea. For the time being... I Stay Alive. {image}

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Quoting Skoljkica

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{quote} Nice analysis, I agree with you. If price finds support at 1697.50 (mine 1698.42), price will go up to 1714.24/1724.03 Otherwise, if 1697.50 is reached and acts as a resistance, down to 1672.81/1664.90

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Quoting rayoub

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price is making it's way nicely to that resistance line around 1699/1700 if that is broken antigravity may happen but until then I believe gravity will still kick in. {image}

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Quoting Skoljkica

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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 1706.86 {image}{image}

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Quoting Skoljkica

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{quote} Price reached 1698.42, my sell order is activated TP 1682.60 160 pips SL tight {image}

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