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Gold Mining - Using Each Trading Day's Trend

  • #2,161
  • May 25, 2020 7:25pm May 25, 2020 7:25pm
Quoting rayoub
{quote} 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.
Well done Rayoub
Learn... Work Hard... Trade Alone
  • #2,162
  • May 25, 2020 8:36pm May 25, 2020 8:36pm
XAUUSD A Great Buying Opportunity

Trade Proposal:
There is a probability of first tp to the proposed (1754.28) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.

Technical analysis:
XAUUSD Waiting for the Range Bound and the beginning of the Ascension Trend.

TP1= 1754.28
Attached Image (click to enlarge)
Click to Enlarge Name: 96.PNG Size: 50 KB
  • #2,163
  • May 26, 2020 12:47am May 26, 2020 12:47am
Quoting Romancan
XAUUSD A Great Buying Opportunity Trade Proposal: There is a probability of first tp to the proposed (1754.28) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: XAUUSD Waiting for the Range Bound and the beginning of the Ascension Trend. TP1= 1754.28 {image}
Nice analysis Romancan
Learn... Work Hard... Trade Alone
  • #2,164
  • May 26, 2020 1:09am May 26, 2020 1:09am
[quote=BiteFX;12962202]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}[/quote]
and digging it out at R2... This is a boss fight for directional bias today.
If bulls can't erase R4, then the bears should see S5.
Learn... Work Hard... Trade Alone
  • #2,165
  • May 26, 2020 2:14am May 26, 2020 2:14am
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}
Well done
Learn... Work Hard... Trade Alone
  • #2,166
  • May 26, 2020 2:29am May 26, 2020 2:29am
Quoting BiteFX
{quote} Well done
Great Analysis.
  • #2,167
  • May 26, 2020 2:48am May 26, 2020 2:48am
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} and digging it out at R2... This is a boss fight for directional bias today. If bulls can't erase R4, then the bears should see S5.
Great analysis. I agree with you. 1733.59 is place for a strong battle between and
Always expect unexpected.
  • #2,168
  • May 26, 2020 2:54am May 26, 2020 2:54am
Quoting Skoljkica
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}
My yesterdays plan is still valid for today.
I am looking to short around 1733.59-1737.99 depending on PA
TP 1715.88/1713.86
Attached Image
Always expect unexpected.
  • #2,169
  • Edited 5:13am May 26, 2020 4:45am | Edited 5:13am
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}
S1 broken downward...Sote
Learn... Work Hard... Trade Alone
  • #2,170
  • May 26, 2020 4:56am May 26, 2020 4:56am
Hello gold traders, here we got for today timeframe H1, watch out its coming from bigger pictures that I post last time. Good lucks guys, corona death but we still alive and healthy

Attached Image (click to enlarge)
Click to Enlarge Name: gold h1.JPG Size: 83 KB
  • #2,171
  • May 26, 2020 5:16am May 26, 2020 5:16am
Bears are very strong today.
1724.77 is on my watch. It can act as a support or resistance. If support, I expect price to go up to 1727.96, potential 1733.59 which looks a bit far.
So potential sell at 1724.77/1727.96
TP the same 1713.86 as a first support line (where I expect strong battle between bulls and bears)
Attached Image
Always expect unexpected.
  • #2,172
  • May 26, 2020 5:17am May 26, 2020 5:17am
Ahh Market has been a blessing today so far. have closed all trades at 1721.50... have placed limits at 1726 and 1727 tps will be around 1715-1717. will await markwy judgement. GREAT JOB YOU GUYS. this is how we mine together all pieces put together nicely and price respected the analysis. time for small nap before US starts going in.
  • #2,173
  • May 26, 2020 5:18am May 26, 2020 5:18am
Quoting Skoljkica
Bears are very strong today. 1724.77 is on my watch. It can act as a support or resistance. If support, I expect price to go up to 1727.96, potential 1733.59 which looks a bit far. So potential sell at 1724.77/1727.96 TP the same 1713.86 as a first support line (where I expect strong battle between bulls and bears) {image}
well done as always Skol.
  • #2,174
  • May 26, 2020 5:23am May 26, 2020 5:23am
Quoting miziler
Hello gold traders, here we got for today timeframe H1, watch out its coming from bigger pictures that I post last time. Good lucks guys, corona death but we still alive and healthy {image}
This is why we call it a magic line, one touch with no candle body pass the line then we know reverse back will happen, do you want to use this magic line let me know ya, maybe will help some others to find a good entry.

Attached Image (click to enlarge)
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  • #2,175
  • May 26, 2020 5:27am May 26, 2020 5:27am
Quoting rayoub
Ahh Market has been a blessing today so far. have closed all trades at 1721.50... have placed limits at 1726 and 1727 tps will be around 1715-1717. will await markwy judgement. GREAT JOB YOU GUYS. this is how we mine together all pieces put together nicely and price respected the analysis. time for small nap before US starts going in.
Great job Rayoub. Closed at perfect time. You know when is enough.
Let's wait for next opportunity.
Always expect unexpected.
  • #2,176
  • May 26, 2020 5:35am May 26, 2020 5:35am
Quoting miziler
{quote} This is why we call it a magic line, one touch with no candle body pass the line then we know reverse back will happen, do you want to use this magic line let me know ya, maybe will help some others to find a good entry. {image}
The best feeling is when your pattern is played perfectly.
Always expect unexpected.
  • #2,177
  • May 26, 2020 7:11am May 26, 2020 7:11am
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}
That spike took my protective stop profit at PP and activated a small lot size short there...Am still alive... Sote
Learn... Work Hard... Trade Alone
  • #2,178
  • May 26, 2020 7:33am May 26, 2020 7:33am
Quoting Skoljkica
Bears are very strong today. 1724.77 is on my watch. It can act as a support or resistance. If support, I expect price to go up to 1727.96, potential 1733.59 which looks a bit far. So potential sell at 1724.77/1727.96 TP the same 1713.86 as a first support line (where I expect strong battle between bulls and bears) {image}
I'm in at 1727.96
TP 1713.86
potential close at 1724.77
SL tight
Attached Image
Always expect unexpected.
  • #2,179
  • May 26, 2020 7:40am May 26, 2020 7:40am
Quoting Skoljkica
{quote} I'm in at 1727.96 TP 1713.86 potential close at 1724.77 SL tight {image}
Scalped.
I expect one more push up to 1730.81/1733.59
Always expect unexpected.
  • #2,180
  • May 26, 2020 8:19am May 26, 2020 8:19am
I closed all postions as I await new 4hr candle to begin. Price gave good range on all sells from 1727 to 1733. Am pleased with progress and our analysis. Bears have maintained control and i expect them to, but i expect 1 more push up to 1726, 1727, which was where all previous sells were so no point holding onto profit turned even then waiting again. I have limits set. Am paying attention to thats 1721-1723. zone though, bears are having extremely tough time breaking so far.
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