Gold Mining - Using Each Trading Day's Trend | Page 130 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Scalping Gold using WPR 1,019 replies

Which standard Indicators are most related to each other? 2 replies

Gold Mining II - Using Reference Lines 13 replies

An idea for building wealth...using only gold 9 replies

Trading Gold - An End of Day System 27 replies

Attachments: Gold Mining - Using Each Trading Day's Trend
Exit Attachments

Gold Mining - Using Each Trading Day's Trend

  • #2,581
  • Jun 18, 2020 9:15am Jun 18, 2020 9:15am
Still watching on the sidelines. As I said waiting for bears to pierce and close below 1717 to show they mean business, and bulls need to pierce and close above 1737 in order to be back in business . but plenty of 20-30 pip scalps have been availble, bouncing off same exact areas everyday so far this week.
  • #2,582
  • Jun 18, 2020 9:43am Jun 18, 2020 9:43am
a little messy but just showing the trendlines that have been dominating on the 4hr.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200618-104743_MetaTrader 4.jpg Size: 1.8 MB
  • #2,583
  • Jun 18, 2020 2:09pm Jun 18, 2020 2:09pm
something big is cooking up in the kitchen lol. 3 days of sideways movements despite Powells messages and covid fears back on the table. us30 on the sideways too. just food for thought, us30 has 2 evident gaps in it. i watch few pairs. but generally gold and us30 will move inverse to one another, not always, but gap up top around 29k and below around 22k. we know gaps generally get filled, if 29k gets filled am expecting golds pullback to be around 1630, 1582, if it goes to 22k am expecting gold to fly.. obviously just putting some thoughts out there to receive feedback. I know we trade only our parameters bite, i just like to watch all over see what pieces are left behind for us
  • #2,584
  • Jun 18, 2020 9:05pm Jun 18, 2020 9:05pm
Quoting rayoub
something big is cooking up in the kitchen lol. 3 days of sideways movements despite Powells messages and covid fears back on the table. us30 on the sideways too. just food for thought, us30 has 2 evident gaps in it. i watch few pairs. but generally gold and us30 will move inverse to one another, not always, but gap up top around 29k and below around 22k. we know gaps generally get filled, if 29k gets filled am expecting golds pullback to be around 1630, 1582, if it goes to 22k am expecting gold to fly.. obviously just putting some thoughts out...
As lines of thoughts too
Did some work based on ruggged curiosity, and the result was stunning. But, if it flies, the better.

Just this week, market has visited M1 and W1 as a resistance from last week turned support this week. Hence, if role reversal plays off beautifully, the market probably should antigravitate from D1.
Otherwise, gravity will be great.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200619_030513.jpg Size: 53 KB
Learn... Work Hard... Trade Alone
  • #2,585
  • Jun 19, 2020 2:55am Jun 19, 2020 2:55am
Few interesting resistance levels coming up - plus a trend line and bollinger band resistance at 1,734
if it breaks 1,734 - look for reversals at the next 3 horizontal lines - if it breaks 1,764 we are going to the moon !
well 1,800 probably
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #2,586
  • Jun 19, 2020 4:25am Jun 19, 2020 4:25am
Price found support at 1725.15 (50% Fibo Month Support)
I expect price to retest it and go up to 1745.09 (100% Day Resistance), with it, price will fulfill its daily range, or even up to 1750.51 (38.2% Week Resistance).
It is also possible we will have pullback deeper than 1725.15, down to 1718.28 (23.6% Quarter Support), but I think it will be a bit overstretch.
Always expect unexpected.
  • #2,587
  • Jun 19, 2020 4:56am Jun 19, 2020 4:56am
Quoting Skoljkica
Price found support at 1725.15 (50% Fibo Month Support) I expect price to retest it and go up to 1745.09 (100% Day Resistance), with it, price will fulfill its daily range, or even up to 1750.51 (38.2% Week Resistance). It is also possible we will have pullback deeper than 1725.15, down to 1718.28 (23.6% Quarter Support), but I think it will be a bit overstretch.
Great Analysis. will see at the NY session. As expected Bull will up the price to 1745.09 (100% Day Resistance).
  • #2,588
  • Jun 21, 2020 5:12pm Jun 21, 2020 5:12pm
Hello everyone, I made a new Gold Market Update. I am expecting prices to move much higher and reach ATH. Please consider taking a look at my analysis and let me know what you think.


Inserted Video
  • #2,589
  • Jun 22, 2020 2:21am Jun 22, 2020 2:21am
Morning all.
I am looking to go long at 1747.87 with possible push down to 1744.99, so I've placed 2 orders on those 2 prices and I'm waiting to activate them.
TP is at 1768.34, there are 4 major Fibo resistance lines, so I'm expecting pullback down from there and I will watch PA.

But if bulls don't have the strength to push price higher, then we could expect 1747.87 to act as a resistance and price can go down to 1735.46/1729.58
Attached Image
Always expect unexpected.
  • #2,590
  • Jun 22, 2020 5:08am Jun 22, 2020 5:08am
Quoting Skoljkica
Morning all. I am looking to go long at 1747.87 with possible push down to 1744.99, so I've placed 2 orders on those 2 prices and I'm waiting to activate them. TP is at 1768.34, there are 4 major Fibo resistance lines, so I'm expecting pullback down from there and I will watch PA. But if bulls don't have the strength to push price higher, then we could expect 1747.87 to act as a resistance and price can go down to 1735.46/1729.58 {image}
H4 entered sell mode.
I will look prices behavior at 1744.99. If price crosses it and find resistance, then I expect bears to take over the market.
But there is still possibility 1747.87 to act as a support and for bulls to continue running the market.
Always expect unexpected.
  • #2,591
  • Jun 22, 2020 7:29am Jun 22, 2020 7:29am
Quoting Skoljkica
Morning all. I am looking to go long at 1747.87 with possible push down to 1744.99, so I've placed 2 orders on those 2 prices and I'm waiting to activate them. TP is at 1768.34, there are 4 major Fibo resistance lines, so I'm expecting pullback down from there and I will watch PA. But if bulls don't have the strength to push price higher, then we could expect 1747.87 to act as a resistance and price can go down to 1735.46/1729.58 {image}
Well done job Skoljkica .
Always on point
Learn... Work Hard... Trade Alone
  • #2,592
  • Jun 22, 2020 7:37am Jun 22, 2020 7:37am
Quoting Skoljkica
{quote} But there is still possibility 1747.87 to act as a support and for bulls to continue running the market.
Pullback down to 1747.87 to confirm it or no pullback....hmmm will see
Always expect unexpected.
  • #2,593
  • Jun 22, 2020 5:11pm Jun 22, 2020 5:11pm
Trade Idea for Tuesday June 23, 2020.
With bulls extending their move further up yesterday Monday, there appeard a Spinning Top candle on the D1 timeframe. Hence, there might be a bearish reversal.

Levels am watching on the chart...
D1, D1, W1...
Acrion: Sell D1-1755

Pro Tip: It is not what the analyst says, it is what the chart is saying to you. If you don't understand its language, don't put your money down.

We Stay Alive
Attached Image
Learn... Work Hard... Trade Alone
  • #2,594
  • Jun 23, 2020 2:44am Jun 23, 2020 2:44am
Good morning to all.

My plan for today is similar to the yesterdays. I am expecting price to reach 1768.34 before any bigger drop. I could be wrong, but I will let for market to decide about that.
So I'm looking 1746.16 as a potential support to go long, with second entry at 1752.00.
Always expect unexpected.
  • #2,595
  • Jun 23, 2020 6:10am Jun 23, 2020 6:10am
Quoting BiteFX
Trade Idea for Tuesday June 23, 2020. With bulls extending their move further up yesterday Monday, there appeard a Spinning Top candle on the D1 timeframe. Hence, there might be a bearish reversal. Levels am watching on the chart... D1, D1, W1... Acrion: Sell D1-1755 Pro Tip: It is not what the analyst says, it is what the chart is saying to you. If you don't understand its language, don't put your money down. We Stay Alive {image}
I am also expecting the same downtrend and my target is 1740ish. Price seems to be unwilling to go to that level. Time will show everything

Best Regards..
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #2,596
  • Jun 23, 2020 7:41am Jun 23, 2020 7:41am
Quoting selym_co
{quote} I am also expecting the same downtrend and my target is 1740ish. Price seems to be unwilling to go to that level. Time will show everything Best Regards..
Yes Time brother.
Learn... Work Hard... Trade Alone
  • #2,597
  • Jun 23, 2020 9:59am Jun 23, 2020 9:59am
Quoting selym_co
{quote} I am also expecting the same downtrend and my target is 1740ish. Price seems to be unwilling to go to that level. Time will show everything Best Regards..
I got stopped....my pending BUY order was activated. Demons inside me are whispering "This is just a fake daily spike for stopping sellers. You shud have never passed to the BUY side. You betrayed us."

On the other side, technically, existence of an Inverse Head and Shoulders formation is putting forth a target around 1814 ish (Now i am aiming that level).

My heart is selling
My brain is buying

Time will show everything

Best Regards
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #2,598
  • Jun 24, 2020 2:44am Jun 24, 2020 2:44am
Morning all.

Yesterday's TP reached (1768.34)
I'm expecting some price reversal from 1768.34/1772.06 down to 1760.96, possible 1754.29/174787 where I placed my buy orders with TP 1788.80
Before that, I don't expect bears to run the market.
Always expect unexpected.
  • #2,599
  • Jun 24, 2020 4:15am Jun 24, 2020 4:15am
Quoting Skoljkica
Morning all. Yesterday's TP reached (1768.34) I'm expecting some price reversal from 1768.34/1772.06 down to 1760.96, possible 1754.29/174787 where I placed my buy orders with TP 1788.80 Before that, I don't expect bears to run the market.
1760.96 seems unrealistic right now.
It would be nice if price returns down to 1768.34 but that is also far, but not impossible.
I expect price to reach 1788.80, then pullback down to 1777.48 and up to 1807.09/1836.70 maybe today, maybe until the end of the week.
Always expect unexpected.
  • #2,600
  • Jun 24, 2020 4:31am Jun 24, 2020 4:31am
Quoting Skoljkica
{quote} 1760.96 seems unrealistic right now. It would be nice if price returns down to 1768.34 but that is also far, but not impossible. I expect price to reach 1788.80, then pullback down to 1777.48 and up to 1807.09/1836.70 maybe today, maybe until the end of the week.
1788 is quite possible imo....

but I doubt whether we can go to that level within just one day. I think it is beyond daily ATR in Gold.

Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 37 KB
Imagination rules the world ...
Selym Hyll Return This Year: na
2 traders viewing now