Gold Mining - Using Each Trading Day's Trend

Quoting Skoljkica

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Morning all, great analysis there Bulls and bears are fighting over 1716.21 If price holds that price, I'm expecting bulls to take over the market. So, I'm expecting price to find support at 1716.21 with TP 1751.22, but first major resistance is at 1742.96. However, if bears take over the market and price finds resistance at 1716.21, first support is 1712.70. If broken, down to 1689.46 {image}{image}

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Quoting BiteFX

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{quote} Good morning Skoljkica, well done job! and a happy new week to you.

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Quoting BiteFX

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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...

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Quoting Skoljkica

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Morning all, great analysis there Bulls and bears are fighting over 1716.21 If price holds that price, I'm expecting bulls to take over the market. So, I'm expecting price to find support at 1716.21 with TP 1751.22, but first major resistance is at 1742.96. However, if bears take over the market and price finds resistance at 1716.21, first support is 1712.70. If broken, down to 1689.46 {image}{image}

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Quoting Skoljkica

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Bulls and bears are fighting over 1716.21 If price holds that price, I'm expecting bulls to take over the market. So, I'm expecting price to find support at 1716.21 with TP 1751.22, but first major resistance is at 1742.96.

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Quoting Skoljkica

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{quote} I'm in. Let's see what the market says. {image}

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Quoting Skoljkica

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{quote} I'm out. Price found resistance at 1718.47, we could see 1712.70

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Quoting BiteFX

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I've been since 1726 and 1724. And you know I don't like running out of the market until either stop loss or take profit... The market will always decide our fate.

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Quoting Skoljkica

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{quote} I'm out. Price found resistance at 1718.47, we could see 1712.70

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Quoting Skoljkica

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.{quote} Price found support at 1712.70/1712.31 {image} But I don't think bears are finished. 1718.47 or 1723.13/1723.98 could act as a resistance and price could go down to 1709.24. If broken then down to 1703.38

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Quoting rayoub

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Hey Skol hope you had a great weekend and great job analyzing this morning so far. I am with bite I had been short for sometime closed some with profit and resold about 10 min ago. I believe gold is testing its declining wedge consolidation, if that's the right term for it... I just draw trends not sure the proper names lol, but seems gold is retesting ita breakout point before making another dip to 1703.50-1704 {image}

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Quoting rayoub

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Hey Skol hope you had a great weekend and great job analyzing this morning so far. I am with bite I had been short for sometime closed some with profit and resold about 10 min ago. I believe gold is testing its declining wedge consolidation, if that's the right term for it... I just draw trends not sure the proper names lol, but seems gold is retesting ita breakout point before making another dip to 1703.50-1704 {image}

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Quoting rayoub

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I am keeping an eye out for this below however. {image}

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Quoting BiteFX

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If market breaks and retests from above 1723.66, am going long... Otherwise, today is gravity. {image}

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Quoting BiteFX

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If market breaks and retests from above 1723.66, am going long... Otherwise, today is gravity. {image}

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Quoting Skoljkica

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.{quote} 1718.47 or 1723.13/1723.98 could act as a resistance and price could go down to 1709.24. If broken then down to 1703.38

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