Gold Mining - Using Each Trading Day's Trend | Page 78 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #1,541
  • Apr 20, 2020 10:26pm Apr 20, 2020 10:26pm
I manually closed my 2 sell limits at 1687.50. seems to be acting as quite the support for right now. I will watch and look for a reentry if price goes back to 1697.50
  • #1,542
  • Edited 3:27am Apr 21, 2020 3:16am | Edited 3:27am
Good day to all.
I'm expecting bulls to dominate the market today.
Enter buy above 1693.44 (100% Month Support)
First resistance line 1714.24
Second resistance line 1724.03 (TP)
SL 50 pips
Attached Image
Attached Image
Always expect unexpected.
  • #1,543
  • Apr 21, 2020 3:48am Apr 21, 2020 3:48am
Quoting rayoub
I manually closed my 2 sell limits at 1687.50. seems to be acting as quite the support for right now. I will watch and look for a reentry if price goes back to 1697.50
Wonderful survival instinct in this business... You've got it man.
Learn... Work Hard... Trade Alone
  • #1,544
  • Apr 21, 2020 3:50am Apr 21, 2020 3:50am
Quoting Skoljkica
Good day to all. I'm expecting bulls to dominate the market today. Enter buy above 1693.44 (100% Month Support) First resistance line 1714.24 Second resistance line 1724.03 (TP) SL 50 pips {image}{image}
Nice one Skoljkica...
Learn... Work Hard... Trade Alone
  • #1,545
  • Edited 6:20am Apr 21, 2020 4:25am | Edited 6:20am
Quoting Skoljkica
Good day to all. I'm expecting bulls to dominate the market today. Enter buy above 1693.44 (100% Month Support) First resistance line 1714.24 Second resistance line 1724.03 (TP) SL 50 pips {image}{image}
I'm burned. Not happy with my trading today. Did two more trades, lost on all three of them.
Looking for new entry at 1664.90
Always expect unexpected.
  • #1,546
  • Apr 21, 2020 4:47am Apr 21, 2020 4:47am
Quoting Skoljkica
{quote} I'm burned. Not happy with my trading today. Did two more trades, lost on all three of them. Looking for new entry at 1664.50
I'm sorry brother. I just awoke from a nap and saw that gold did go back to try 1697.50 were it was rejected almost all the way to 1665. I am expecting bears to continue conquering so I am looking for one more possible sell limit at 1682.50 tp at 1665 to 1659.
  • #1,547
  • Apr 21, 2020 4:48am Apr 21, 2020 4:48am
Quoting BiteFX
{quote} Wonderful survival instinct in this business... You've got it man.
the important thing is to stay alive. When alive we can figure out the next move and make it.
  • #1,548
  • Apr 21, 2020 4:50am Apr 21, 2020 4:50am
waiting for a shaping a pattern in the right rectangle:

1- If cross 1970 to lower then possible the price will move more lower
2- If find a suitable pattern and, or reject for getting lower, it will possibly move higher than 1700 because of double bottom pattern in 1H time frame and the neckline is possible the violet line at above
Attached Image (click to enlarge)
Click to Enlarge Name: gold30.png Size: 44 KB
  • #1,549
  • Apr 21, 2020 4:57am Apr 21, 2020 4:57am
Quoting QuantaMath
waiting for a shaping a pattern in the right rectangle: 1- If cross 1970 to lower then possible the price will move more lower 2- If find a suitable pattern and, or reject for getting lower, it will possibly move higher than 1700 because of double bottom pattern in 1H time frame and the neckline is possible the violet line at above {image}
I am seeing the double bottom on 1hr tf but 1697.50 looks as if it tried 4 times almost exactly before dipping back down. Also to note that the March 9th high was 1702.5 which initiated the massive sell off to 1455. bulls were unable to pierce that level yesterday and we are seeing major rejection again. I am seeing 1659 possibly 1642 as next leg down once 1665 is reached.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200421-055523_MetaTrader 4.jpg Size: 1.2 MB
  • #1,550
  • Apr 21, 2020 5:02am Apr 21, 2020 5:02am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200421-060000_MetaTrader 4.jpg Size: 1.4 MB
  • #1,551
  • Apr 21, 2020 5:04am Apr 21, 2020 5:04am
Quoting rayoub
{quote} I am seeing the double bottom on 1hr tf but 1697.50 looks as if it tried 4 times almost exactly before dipping back down. Also to note that the March 9th high was 1702.5 which initiated the massive sell off to 1455. bulls were unable to pierce that level yesterday and we are seeing major rejection again. I am seeing 1659 possibly 1642 as next leg down once 1665 is reached. {image}
Ok, Thanks
  • #1,552
  • Apr 21, 2020 5:14am Apr 21, 2020 5:14am
If price breaks 1682.60 upwards, then up to 1692.23/1698.42 and sell to 1664.90
Always expect unexpected.
  • #1,553
  • Apr 21, 2020 5:17am Apr 21, 2020 5:17am
Quoting BiteFX
Trade Idea for Tuesday April 21, 2020. With bullish fight back against last Friday's gravity, the levels am watching are: 1701.90- continues yesterday's antigravity. 1690.30- was penetrated by the bulls yesterday, we expect a retest and continuous antigravity. 1678.70- neckline of the small double bottom of yesterday's antigravity...a retest and then higher... A break below... THEN, GRAVITY CONTINUES. 1667.10- a break below validates gravity. {image}
This is what is happening right about now.
Learn... Work Hard... Trade Alone
  • #1,554
  • Apr 21, 2020 6:22am Apr 21, 2020 6:22am
Quoting Skoljkica
{quote} Looking for new entry at 1664.90
Price broke 1664.90, but gold still weakens. No entry for now until I see the price action.
If 1664.90 holds, up to 1682.60
Otherwise, down to 1647.20/1631.38
1682.60 or 1687.00 could act as a resistance and move price down to 1647.20/1631.38
Attached Image
Always expect unexpected.
  • #1,555
  • Apr 21, 2020 6:31am Apr 21, 2020 6:31am
As I mentioned in an earlier post with this same picture attached I saw gold breaking below 1665 to go to 1659 where It kissed the trendline. I managed to get a buy in and ride this half way up. I am now closed of all positions and gold did exactly what the analysis said it would 1697 straight to 1665. I will just sit on the side and see if any good opportunities open up. bulls could take over since 1665 is key level but we shall see
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200421-072712_MetaTrader 4.jpg Size: 1.3 MB
  • #1,556
  • Apr 21, 2020 6:33am Apr 21, 2020 6:33am
Gold eyeing 1654.60...gravity is upon us
Learn... Work Hard... Trade Alone
  • #1,557
  • Apr 21, 2020 6:56am Apr 21, 2020 6:56am
I killed some part of my account because of bad exit management(both lost and tp) over multiple instruments from the last two weeks, but I still stay alive and I`m going to take a brain rest and review, I will back tomorrow for trade and mining gold only.


I need to be more pragmatic like BiteFX, Skoljkcia, and rayoub. And thanks to you all for sharing information which they are great study case.
  • #1,558
  • Apr 21, 2020 7:49am Apr 21, 2020 7:49am
Quoting QuantaMath
I killed some part of my account because of bad exit management(both lost and tp) over multiple instruments from the last two weeks, but I still stay alive and I`m going to take a brain rest and review, I will back tomorrow for trade and mining gold only. I need to be more pragmatic like BiteFX, Skoljkcia, and rayoub. And thanks to you all for sharing information which they are great study case.
Brother so good you are still alive... Very very important.
Learn... Work Hard... Trade Alone
  • #1,559
  • Apr 21, 2020 8:08am Apr 21, 2020 8:08am
Quoting Skoljkica
{quote} I'm burned. Not happy with my trading today. Did two more trades, lost on all three of them. Looking for new entry at 1664.90
Market told me I was wrong too trice...Then I joined gravity...Let's just stay alive... More good days are ahead of us brothers.
Learn... Work Hard... Trade Alone
  • #1,560
  • Apr 21, 2020 8:17am Apr 21, 2020 8:17am
Market at 1666.00 at the moment... A break below will open us up to 1645.00 level... I stay alive.
Learn... Work Hard... Trade Alone
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