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Gold Mining - Using Each Trading Day's Trend

  • #2,141
  • May 25, 2020 1:55am May 25, 2020 1:55am
Quoting BiteFX
{quote} S3 now working.... Still got my sell limit at S1 pending.
Another at S2(small lot size)...Am , market may break last week's low...That would be Sote.
Learn... Work Hard... Trade Alone
  • #2,142
  • May 25, 2020 2:54am May 25, 2020 2:54am
Quoting BiteFX
{quote} Another at S2(small lot size)...Am , market may break last week's low...That would be Sote.
Activated, am still expecting S1 to be activated...The real deal.
Learn... Work Hard... Trade Alone
  • #2,143
  • May 25, 2020 4:21am May 25, 2020 4:21am
Good day to all. I hope you had a great weekend.
Great analysis there as always.

I am with bears today.
Looking to put my shorts in a range between 1737.99-1741.46, depending on PA
TP 1713.86 At that price I expect some price reversal and fight between bulls and bears. If bears win and push the price below 1713.86, I expect retest of that price and down to 1696.27
If 1713.86 acts as a support, then I will look PA on 1724.77 (it could act as a resistance)
Attached Image
Attached Image
Always expect unexpected.
  • #2,144
  • May 25, 2020 4:51am May 25, 2020 4:51am
Quoting Skoljkica
Good day to all. I hope you had a great weekend. Great analysis there as always. I am with bears today. Looking to put my shorts in a range between 1737.99-1741.46, depending on PA TP 1713.86 At that price I expect some price reversal and fight between bulls and bears. If bears win and push the price below 1713.86, I expect retest of that price and down to 1696.27 If 1713.86 acts as a support, then I will look PA on 1724.77 (it could act as a resistance) {image}{image}
Well done Skoljkica
...and, congratulations on your yellow tag...you're making impact.
Learn... Work Hard... Trade Alone
  • #2,145
  • May 25, 2020 5:01am May 25, 2020 5:01am
Quoting BiteFX
{quote} Alright, gravity started early. And S1 broken downwards... We expect a retest, Sell Limit there...then down to S4 and more lower levels(nobody knows where market will stop, turn, or continue) I Stay Alive...
Activated... I await market judgement.
Learn... Work Hard... Trade Alone
  • #2,146
  • May 25, 2020 5:03am May 25, 2020 5:03am
Quoting BiteFX
{quote} Well done Skoljkica ...and, congratulations on your yellow tag...you're making impact.
Thanks man!
I like your analysis as well. Also, values kind of match.
Let's mine some gold together.
Always expect unexpected.
  • #2,147
  • May 25, 2020 7:16am May 25, 2020 7:16am
Good morning you guys! I agree with both you guys analysis, I got out of my buys from 1727.50 and have placed sells now, am expecting to see 1714.50-1715 .
  • #2,148
  • May 25, 2020 8:23am May 25, 2020 8:23am
Quoting rayoub
Good morning you guys! I agree with both you guys analysis, I got out of my buys from 1727.50 and have placed sells now, am expecting to see 1714.50-1715 .
You are there!
Learn... Work Hard... Trade Alone
  • #2,149
  • May 25, 2020 10:40am May 25, 2020 10:40am
I'm looking into long term trade and bigger pictures, good luck yaa

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  • #2,150
  • May 25, 2020 10:47am May 25, 2020 10:47am
Quoting Skoljkica
Good day to all. I hope you had a great weekend. Great analysis there as always. I am with bears today. Looking to put my shorts in a range between 1737.99-1741.46, depending on PA TP 1713.86 At that price I expect some price reversal and fight between bulls and bears. If bears win and push the price below 1713.86, I expect retest of that price and down to 1696.27 If 1713.86 acts as a support, then I will look PA on 1724.77 (it could act as a resistance) {image}{image}
Same things goes to me as well. Good luck mate
  • #2,151
  • Edited 11:54am May 25, 2020 10:48am | Edited 11:54am
Hi all, bonne journée

Attached Image (click to enlarge)
Click to Enlarge Name: gold1h.png Size: 67 KB

Here is 1H Chart, Pay attention to three green rectangle:

  1. The Left one is a breakout region of trend line B and it is similar to a gap
  2. The Middle one is the first Pullback which similar to filling gap
  3. The third one was again rejected an did not touch 1720

I guess The first green rectangle was Institutional Long positions and the middle rectangle is first support action and both were happened in NY session, and even the price will move down after the third green rectangle, I guess it will be rejected.
But I should be on caution that the price has trapped below of the bottom line of pink channel.

  • #2,152
  • May 25, 2020 12:38pm May 25, 2020 12:38pm
Quoting miziler
I'm looking into long term trade and bigger pictures, good luck yaa {image}
Well done Miziler
Learn... Work Hard... Trade Alone
  • #2,153
  • May 25, 2020 1:30pm May 25, 2020 1:30pm
Quoting QuantaMath
Hi all, bonne journée {image} Here is 1H Chart, Pay attention to three green rectangle: The Left one is a breakout region of trend line B and it is similar to a gap The Middle one is the first Pullback which similar to filling gap The third one was again rejected an did not touch 1720 I guess The first green rectangle was Institutional Long positions and the middle rectangle is first support action and both were happened in NY session, and even the price will move down after the third green rectangle, I guess it will be rejected. But I should be...
great analysis brother!!! any of you can give me insight into when gold will reopen in US. some are saying gold is still open for them. it closed on me and has gone down to tp according to metalsmine chart not sure what to expect when it opens smh
  • #2,154
  • May 25, 2020 1:36pm May 25, 2020 1:36pm
Hi Is GOLD trading is going.? with my broker is not working.
  • #2,155
  • May 25, 2020 1:58pm May 25, 2020 1:58pm
Quoting Yashir
Hi Is GOLD trading is going.? with my broker is not working.
no sir market is closed for memorial day I too was stuck wondering wtf happened when my trades frozw haha but hoping it opens at 6
  • #2,156
  • May 25, 2020 3:01pm May 25, 2020 3:01pm
Quoting Yashir
Hi Is GOLD trading is going.? with my broker is not working.
There is an early close today... So we watch out for normal opening time for trades.
Just that, most brokers are too lousy to send their clients up to date .
Learn... Work Hard... Trade Alone
  • #2,157
  • May 25, 2020 3:25pm May 25, 2020 3:25pm
expecting tomorrow to continue our trade ideas for today, Quanta I think your pink trendline corresponds to my white one, if so we are in agreement. price broke trend and retested from below rejection tells us we may get 1710-1715 area soon and wait to see price acrion around there.
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  • #2,158
  • May 25, 2020 3:50pm May 25, 2020 3:50pm
Quoting rayoub
expecting tomorrow to continue our trade ideas for today, Quanta I think your pink trendline corresponds to my white one, if so we are in agreement. price broke trend and retested from below rejection tells us we may get 1710-1715 area soon and wait to see price acrion around there. {image}
Of course yhe pink trendline corresponds your white one. And i am agree with you for breakout of the pink/white line, but there is a blue trend line which is draw from the lows of candles after breakout of golden line B and I think if this line will cross by price then the price will visit a neighborhood of golden trendline B near 1711 or 1710.

Attached Image (click to enlarge)
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  • #2,159
  • May 25, 2020 4:10pm May 25, 2020 4:10pm
Trade Idea for Tuesday May 26, 2020.
Gravity continues...
Sell R2, R1, PP, S1...stop loss at R4-at that level trade idea is invalidated.
Potential Take Profit... S4/S5.
Expecting a breakout...we follow accordingly.

We Stay Alive
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Learn... Work Hard... Trade Alone
  • #2,160
  • May 25, 2020 5:26pm May 25, 2020 5:26pm
Quoting BiteFX
Trade Idea for Tuesday May 26, 2020. Gravity continues... Sell R2, R1, PP, S1...stop loss at R4-at that level trade idea is invalidated. Potential Take Profit... S4/S5. Expecting a breakout...we follow accordingly. We Stay Alive {image}
market opened nicely collected profits from a few of the trades i had going earlier left a few in.. agree with you bite, looking to add a couple more sells in around 1728. still expecting market to at least fill that small gap left there, not gap from yesterday's opening. but will await market judgment see how it goes.
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