Gold Mining - Using Each Trading Day's Trend | Page 102 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #2,021
  • May 17, 2020 7:30pm May 17, 2020 7:30pm
Quoting BiteFX
{quote} Stop loss hit. Buying continued.
Market is in an overbought region might drop any moment from now...Multi year resistance from 2013 touched.
Am still selling again.
Learn... Work Hard... Trade Alone
  • #2,022
  • May 17, 2020 7:38pm May 17, 2020 7:38pm
not sure but do you see dollar index at 100038 right now or is it just my broker
  • #2,023
  • May 17, 2020 10:10pm May 17, 2020 10:10pm
I would like to sell at 1771/ 1782.

But right now looking for 1750s to buy again.
  • #2,024
  • May 17, 2020 11:29pm May 17, 2020 11:29pm
Quoting BiteFX
Thanks guys for checking up on me...and for making the thread Stay Alive. Skoljkica, Rayoub, QuantaMath, and other gold miners, well done job guys.
Hi Brother, Happy to see you
  • #2,025
  • May 17, 2020 11:30pm May 17, 2020 11:30pm
Quoting rayoub
not sure but do you see dollar index at 100038 right now or is it just my broker
Hi, you can check Trading View data
https://www.tradingview.com/symbols/TVC-DXY/
  • #2,026
  • May 18, 2020 2:48am May 18, 2020 2:48am
Quoting QuantaMath
{quote} Hi Brother, Happy to see you
Thanks brother...
Learn... Work Hard... Trade Alone
  • #2,027
  • May 18, 2020 3:25am May 18, 2020 3:25am
Quoting BiteFX
Thanks guys for checking up on me...and for making the thread Stay Alive. Skoljkica, Rayoub, QuantaMath, and other gold miners, well done job guys.
I'm glad you're back. Let's mine some Gold together.
Always expect unexpected.
  • #2,028
  • May 18, 2020 3:32am May 18, 2020 3:32am
Quoting BiteFX
{quote} Thanks brother...
Well come back Bro. I'm glad 2 see U.

Ur absence had my mind wondering all sorts. Welcome
Jus tryna be a BILLIONAIRE!
  • #2,029
  • May 18, 2020 3:33am May 18, 2020 3:33am
I'm still bullish with the Gold.
I'm expecting for price to drop down to 1757.41/1750.89 (more convenient) where I will enter buy.
Since price found support at 1758.63 (100% Week Support) looking at H4 chart, until the end of the week price can move up to 1832.88 (100% Week Resistance)
Attached Image
Attached Image

Looking at yearly chart, price has space to move up to 1843.21 (possible until the end of the month)
Attached Image
Always expect unexpected.
  • #2,030
  • May 18, 2020 3:58am May 18, 2020 3:58am
Quoting Skoljkica
{quote} I'm glad you're back. Let's mine some Gold together.
Thanks man.
Learn... Work Hard... Trade Alone
  • #2,031
  • May 18, 2020 4:01am May 18, 2020 4:01am
Quoting Skoljkica
I'm still bullish with the Gold. I'm expecting for price to drop down to 1757.41/1750.89 (more convenient) where I will enter buy. Since price found support at 1758.63 (100% Week Support) looking at H4 chart, until the end of the week price can move up to 1832.88 (100% Week Resistance) {image} {image} Looking at yearly chart, price has space to move up to 1843.21 (possible until the end of the month) {image}
Nicely said brother.
Learn... Work Hard... Trade Alone
  • #2,032
  • May 18, 2020 4:42am May 18, 2020 4:42am
Gold found resistance at 1764...I expect a decent fall from there to help recoup stop loss hit in the early hours of today.
Anything can happen in an overbought territory.
Learn... Work Hard... Trade Alone
  • #2,033
  • May 18, 2020 5:10am May 18, 2020 5:10am
Quoting BiteFX
Gold found resistance at 1764...I expect a decent fall from there to help recoup stop loss hit in the early hours of today. Anything can happen in an overbought territory.
Good morning all, I too am short in gold right now expecting some pullback to around 1750-1752. then will see how prive reacts there. although 1763-1765 is resistance, 1758 is doing good job with support, we need to see that broken before downwards move can continue.
  • #2,034
  • May 18, 2020 5:24am May 18, 2020 5:24am
Reason for my shorts is shown below. weekly and monthly trendline is getting hit right about now, price can rise to 1778-1782, but expect drop unless trendline is broken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200518-062211_MetaTrader 4.jpg Size: 1.7 MB
Click to Enlarge Name: Screenshot_20200518-062302_MetaTrader 4.jpg Size: 1.4 MB
  • #2,035
  • May 18, 2020 6:30am May 18, 2020 6:30am
Quoting rayoub
{quote} Good morning all, I too am short in gold right now expecting some pullback to around 1750-1752. then will see how prive reacts there. although 1763-1765 is resistance, 1758 is doing good job with support, we need to see that broken before downwards move can continue.
Yes that level is very stubborn...acted support early hours of today...Let's see if the can penetrate it wards.
Learn... Work Hard... Trade Alone
  • #2,036
  • May 18, 2020 7:03am May 18, 2020 7:03am
Quoting rayoub
Reason for my shorts is shown below. weekly and monthly trendline is getting hit right about now, price can rise to 1778-1782, but expect drop unless trendline is broken {image} {image}
==============================================
_____ why NOT share huh
Attached Image (click to enlarge)
Click to Enlarge Name: share.png Size: 60 KB
If opportunity doesn't knock, build a door .
  • #2,037
  • May 18, 2020 7:20am May 18, 2020 7:20am
Quoting BiteFX
Gold found resistance at 1764...I expect a decent fall from there to help recoup stop loss hit in the early hours of today. Anything can happen in an overbought territory.
If this fall is confirmed, we should see 1728 visited. Otherwise, more upward spikes.
Learn... Work Hard... Trade Alone
  • #2,038
  • May 18, 2020 7:21am May 18, 2020 7:21am
Quoting BiteFX
{quote} If this fall is confirmed, we should see 1728 visited. Otherwise, more upward spikes.
Like what Rayoub said... 1750-1752 is a critical level.
Learn... Work Hard... Trade Alone
  • #2,039
  • May 18, 2020 7:31am May 18, 2020 7:31am
ahh beautiful went to sleep with all trades negative woke up with tp hit for once lol. 1753 was hit. I will wait now. see what takes place. expecting 1758 to be revised from bottom then maybe a push to 1749, if we can close nicely below 1750 then 1728 as bite said aint looking too bad
  • #2,040
  • May 18, 2020 7:40am May 18, 2020 7:40am
Quoting Skoljkica
I'm still bullish with the Gold. I'm expecting for price to drop down to 1757.41/1750.89 (more convenient) where I will enter buy. Since price found support at 1758.63 (100% Week Support) looking at H4 chart, until the end of the week price can move up to 1832.88 (100% Week Resistance) {image} {image} Looking at yearly chart, price has space to move up to 1843.21 (possible until the end of the month) {image}
Price found support at 1750.89, but I'm expecting one more push down as an opportunity to enter buy.
My prediction is that price will first reach 1770.81 and then bears could take over the market. If not, my previous bullish prediction stays the same.
Attached Image
Always expect unexpected.
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