Gold Mining - Using Each Trading Day's Trend

Quoting BiteFX

Disliked

Market took me out...at S... Chart looking like a double top formation with V2 being the neckline... {image}

Ignored

Quoting Skoljkica

Disliked

Morning all, great analysis from all of you. I am also in a buy mode with Gold as long as it is above 1714. Breaking below makes another scenario. I have a buy limit at 1724.24/1719.46 TP 1749.64, but 1788.54/1791.07 is also reachable as I mentioned it 2 days ago. {image}{image}

Ignored

Quoting BiteFX

Disliked

Market took me out...at S... Chart looking like a double top formation with V2 being the neckline... {image}

Ignored

Quoting BiteFX

Disliked

From a bullish run into the rectangular ranging market, it created a double top chart pattern, and then breaks below the rectangular range. If it is what am thinking, gravity will take over from here on. But, this is Forex, anything is possible! {image}

Ignored

Quoting rayoub

Disliked

{quote} same thoughts we should see 1705 by days end

Ignored

Quoting rayoub

Disliked

Thank you Bite. I wont take credit, a lot I've learned from you guys over the past couple weeks. One thing I've learned is market waits for noone. we have to be ready to react once price tells us where it wants to go. too early and we get burnt too late and we get left behind.. Last day of the trading g week so most important thing is to stay alive. that's why I've closed all positions except for the sell limit I have at 1717.50 which I guess conveniently didnt get activated although I saw price reached. . Anyways you guys great...

Ignored

Quoting rayoub

Disliked

Thank you Bite. I wont take credit, a lot I've learned from you guys over the past couple weeks. One thing I've learned is market waits for noone. we have to be ready to react once price tells us where it wants to go. too early and we get burnt too late and we get left behind.. Last day of the trading g week so most important thing is to stay alive. that's why I've closed all positions except for the sell limit I have at 1717.50 which I guess conveniently didnt get activated although I saw price reached. . Anyways you guys great...

Ignored

Quoting rayoub

Disliked

Hey all hope you guys had a great weekend!!! So this week ahead is very important for gold as it is the last week of the month so I expect a lot of volatility, which essentially equals profits. So i have done my analysis on the larger time frames more for right now as i said because it is the last week of the month. So on friday we saw bears quickly dominate 1738 double top area, quickly pushing price back to 1710 where bulls came back to defend the neckline at 1710 area. . so as for trade ideas for today : 1727.50 is a key level to pay attention...

Ignored

Quoting BiteFX

Disliked

Trade idea for Monday April 27, 2020. There was a downward breakout out of the range last Friday and a quick retest...So, we expect great move in the direction of the green trend line. Levels am watching watching... A. 1723.66 B. 1721.46 Both are daily support, a break below these levels shows gravity, and a retest Sell limit. C. 1736 a break above this level, invalidates gravity. And retest from above buy limit. D. 1706.12 E. 1704.05 Both are weekly support, a break below these levels further establishes gravity. When steady above it again, antigravity...

Ignored

Quoting BiteFX

Disliked

{quote} I slept of while waiting for market to open... Thanks buddie for making analysis available... We all gold miners really needed this... Great job man!

Ignored

Quoting rayoub

Disliked

{quote} thank you sir and not a problem as I said I barely sleep lol but great analysis as well. I am glad bulls got the gap quickly filled as to not worry about it later. bears quickly defending 1727.50 and have taken back below 1723.50 expect further movement with potential first target as 1703 as you said possibly 1698

Ignored