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Gold Mining - Using Each Trading Day's Trend

  • #1,961
  • May 12, 2020 8:27am May 12, 2020 8:27am
3 ABC patterns
Pattern 1
Attached Image (click to enlarge)
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Pattern 2
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Pattern 3
Attached Image (click to enlarge)
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If the market is acting harmonically then the Pattern 3 could be complete.
  • #1,962
  • May 12, 2020 11:12am May 12, 2020 11:12am
Sorry yall haven't posted been having issues following through with my game plan so didn't wanna post until I was seeing the picture clearly once again lol. but I am expecting gold to try 1697 possibly 1688 after nice rejection from 1710.50 area.
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  • #1,963
  • May 12, 2020 12:03pm May 12, 2020 12:03pm
GOLD 4H MULTISWING ANALISYS:

As we can see Gold is a slow surgeon, it's moving from reversal zone to reversal zone......step by step......

A burst will be over 1724 -> 1732/1738
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  • #1,964
  • May 12, 2020 12:21pm May 12, 2020 12:21pm
Quoting rayoub
Sorry yall haven't posted been having issues following through with my game plan so didn't wanna post until I was seeing the picture clearly once again lol. but I am expecting gold to try 1697 possibly 1688 after nice rejection from 1710.50 area. {image}
Great Analysis Brother...
I am agree with you, 1697 is a good support area. But I think 1688 has less probability.
  • #1,965
  • May 12, 2020 4:23pm May 12, 2020 4:23pm
Gold trade idea for today. am watching 1697-1698 area closely. bulls seem to be defending it, if so I expect price to rise to 1708 in the short term and if 1710 breaks we can see 1725

if bears break down 1697 then immediate support is 1688 , extending to 1682 1675.
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  • #1,966
  • May 12, 2020 4:40pm May 12, 2020 4:40pm
Quoting QuantaMath
{quote} Great Analysis Brother... I am agree with you, 1697 is a good support area. But I think 1688 has less probability.
I was being optimistic on closing my sells lol. I fucked up and took a sell at 1701, when price was below 1696, after reanlyazing and watching i see that price is finding great support in this area, however I will not rule out a reversal until price closes above 1710 comfortably. 1710 is a major obstacle for bulls to overcome. although we saw quick rejection from 1700 area, we also saw equally quick rejection from 1710.

(I will still look for buys around 1700 area but 1st target will be 1708. once price breaks 1710 again then possibly reinstate longs from 1709 to 1725)
  • #1,967
  • May 12, 2020 4:40pm May 12, 2020 4:40pm
Quoting BiteFX
{quote} Well said brother... Thanks man.
hope you are okay brother could use you in here with us to set the mood lol
  • #1,968
  • May 13, 2020 12:24am May 13, 2020 12:24am
Quoting rayoub
{quote} I was being optimistic on closing my sells lol. I fucked up and took a sell at 1701, when price was below 1696, after reanlyazing and watching i see that price is finding great support in this area, however I will not rule out a reversal until price closes above 1710 comfortably. 1710 is a major obstacle for bulls to overcome. although we saw quick rejection from 1700 area, we also saw equally quick rejection from 1710. (I will still look for buys around 1700 area but 1st target will be 1708. once price breaks 1710 again then possibly reinstate...
Yesterday I entered sell at 1700 in Sydney`s session but after 3 hours i recognized that the my sell was wrong but unfortunately i did not listen to the market and the stop loss was reached.
And after that i have been long from 1703 with fraction of my typical lot size and I guessed that the price was going to 1717, but 1710 is really stubborn obstacle and two times rejected the price but I did not close my long and I am waiting for another attack and if this is going to fail then I will close the position.
and waiting for lower price for long again. Because I expected that the price tend to move higher even if the price is going to visit 1985, due to another strong support area of between 1690 and 1685 and and the support trend line in daily symmetric triangle. But at first the price need to cross the are between 1697 and 1695.
  • #1,969
  • May 13, 2020 12:29am May 13, 2020 12:29am
Quoting rayoub
{quote} hope you are okay brother could use you in here with us to set the mood lol
Im also looking for his good health hope to see him soon
  • #1,970
  • Edited 1:06am May 13, 2020 12:48am | Edited 1:06am
Quoting rayoub
{quote} hope you are okay brother could use you in here with us to set the mood lol
I am really worry about him , I hope he is OK.
  • #1,971
  • May 13, 2020 2:58am May 13, 2020 2:58am
Good morning to all

Price is stuck in a range between 1706.05 and 1701.71

If it breaks this cluster 1705.16-1705.71-1706.05 and finds it as a support, then bulls could push price higher to 1714.54/1725.04
However, if price can't hold that cluster and finds it as a resistance, bears could push price lower to 1688.08/1687.06 (double support line)
Attached Image
Attached Image
Always expect unexpected.
  • #1,972
  • May 13, 2020 4:14am May 13, 2020 4:14am
Quoting Skoljkica
Good morning to all Price is stuck in a range between 1706.05 and 1701.71 If it breaks this cluster 1705.16-1705.71-1706.05 and finds it as a support, then bulls could push price higher to 1714.54/1725.04 However, if price can't hold that cluster and finds it as a resistance, bears could push price lower to 1688.08/1687.06 (double support line) {image}{image}
Ok ,I saw 4h chart and maybe head and shoulder show in end of price.price may go at 1710 then come down at 1688 then again go up
  • #1,973
  • May 13, 2020 6:02am May 13, 2020 6:02am
Quoting Skoljkica
However, if price can't hold that cluster and finds it as a resistance, bears could push price lower to 1688.08/1687.06 (double support line) {image}{image}
I'm in. Let's see do bears have strength to move price lower.
First support line at 1701.70
Potential TP 1688.08
Attached Image
Always expect unexpected.
  • #1,974
  • May 13, 2020 7:30am May 13, 2020 7:30am
I am in as well. took a sell from 1707.50, which was my hour resistance on trendline, 4hr resistance was 1710.50, both have been hit, i am expecting a drop to 1697.50, as I told quanta yesterday, if this is broken which bears have been poking that area 1699-1700, then 1688 potentially 1682.
  • #1,975
  • May 13, 2020 8:09am May 13, 2020 8:09am
According to what I see we will hit 1730 soon..
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  • #1,976
  • May 13, 2020 8:10am May 13, 2020 8:10am
If the Golden trend line B will cross then and after that the pullback will success then the symmetric triangle in daily Chart is going complete and the price could meet 1741
I would be long after a pullback success
Other wise the price might return to meet blue trend line G and the orange C at least.
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  • #1,977
  • May 13, 2020 8:20am May 13, 2020 8:20am
Quoting QuantaMath
If the Golden trend line B will cross then and after that the pullback will success then the symmetric triangle in daily Chart is going complete and the price could meet 1741 I would be long after a pullback success Other wise the price might return to meet blue trend line G and the orange C at least. {image}
Great analysis bro, bulls definitely took over from 1700 as we expected. 1708 and 1710 both smashed through. I see golden trendline above is around 1719 definitely nice resistance there. but I agree with you if broken we will see most likely see nice rally up.
  • #1,978
  • May 13, 2020 8:28am May 13, 2020 8:28am
Thanks bro,
I am agree with you 1719 has a definitely nice resistant.
1719.59 is also Daily R2 resistant.
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  • #1,979
  • May 13, 2020 8:28am May 13, 2020 8:28am
Quoting finnyjosh
According to what I see we will hit 1730 soon.. {image}
Dude this market r sick no one know what happen.but I wish u say right.
  • #1,980
  • May 13, 2020 8:31am May 13, 2020 8:31am
lol my sell tp was hit at 1703 thank you market!!. now I am going to watch how 4hr candle closes for next move. I will not rule out bears as ive said plenty of times.
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