Gold Mining - Using Each Trading Day's Trend

Quoting rayoub

Disliked

quantamath this picture here shows none other than our golden 4hr trendline at the top. i am almost certain price will find a way to return that trend from bottom and see if it can find support off 1727 to go above. my blue trendline refers to your golden one from before. {image}

Ignored

Quoting QuantaMath

Disliked

{quote} But I just think that the gold is going to shape a symmetric triangle pattern in a D1 timeframe but Your opinion is probably correct because if the price find a support of green trend line which I borrow from your chart then the price could cross the above golden trend line {image}

Ignored

Quoting QuantaMath

Disliked

{quote} But I just think that the gold is going to shape a symmetric triangle pattern in a D1 timeframe but Your opinion is probably correct because if the price find a support of green trend line which I borrow from your chart then the price could cross the above golden trend line {image}

Ignored

Quoting Mykamran

Disliked

{quote} U think maybe go more than this?!

Ignored

Quoting rayoub

Disliked

{quote} absolutely correct if 1723 1724 stops it then we could see it start dropping however if gold finds support at 1719 and 1721 we could see 1733 to 1735 soon. Small Note (I always pay attention to the slightest hints market leaves sometimes, gap was left at 1737 last week when dropped.)

Ignored

Quoting rayoub

Disliked

also added 200 ma and stoch with 50 level line as I have seen digger do in other thread and it seems nice tool to use in conjunction with our trends. {image}

Ignored

Quoting QuantaMath

Disliked

{quote} I am just looking for price action, no more indicator except the trend lines, but you seems to be right. The the price corss the orange trend line and the pull back to it in 1713 happened if the price confirm the orange line and the lemon-colored horizontal as a support, then the price could move higher I am watching to price activity inside the left blue triangle based on the right one. {image}

Ignored

Quoting rayoub

Disliked

as you can see yellow trendline would have been a bad buy previously but this time everything lined up perfectly for it to be support. {image}

Ignored

Quoting rayoub

Disliked

{quote} great anlysis brother I see what your talking bout .... so it's safe to say we need to see price maintain its position above 1723 before we see further extension. 1723 would be your yellow line and 1727 would be your orange at the top correct? if so then our trends are matching quite nicely. I will just be on sidelines for rest of trading day.

Ignored

Quoting QuantaMath

Disliked

{quote} Thanks you brother I want to see how strong of a close we get before looking at new long entries Yes, but at first wait for 4h candles in the right blue rectangle I think the market will say what will happens in next hours. I need more candles to be sure.

Ignored

Quoting BiteFX

Disliked

Trade Idea for Friday May 8, 2020. Bulls took over yesterday. Levels am watching ... A. 1709.15 - Buy the bearish pull back there. B. 1705.33 - if bears breaks it down, sell 1709.15 {image}

Ignored

Quoting rayoub

Disliked

Hey all again. Great anlysis quanta and bite. so my trade ideas are as follows. i am expecting bulls to continue and as such will watch for 1709.75 ,1707.50, 1705 as possible reentries for longs. in attached photos the light blue 4hr trendline as shown was broken a retest of this channel on the outside would be 1705. obviously not far off from 1709.75 but I am looking at possible tp of 1735, 1746, 1756. if bears go below 1703 I will start looking for possible short entries. {image} {image} {image}

Ignored