Gold Mining - Using Each Trading Day's Trend | Page 134 | 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

  • #2,661
  • Jul 2, 2020 6:07am Jul 2, 2020 6:07am
Quoting Skoljkica
Morning all. I've put my sell orders under current price - 1770 so I'm waiting for them to realize. It is possible it will go up to 1772.78 so I will move orders up. My target is 1760.00 but before that, there is 1765.28 which already acted as as support, so it is possible to close one order there and let another one run.
The way I see the market is that above 1722.78 bearish mode is invalid and bulls are ready to take control.
Below it, my trading plan remains the same.
Always expect unexpected.
  • #2,662
  • Jul 2, 2020 7:44am Jul 2, 2020 7:44am
Quoting Skoljkica
Morning all. I've put my sell orders under current price - 1770 so I'm waiting for them to realize. It is possible it will go up to 1772.78 so I will move orders up. My target is 1760.00 but before that, there is 1765.28 which already acted as as support, so it is possible to close one order there and let another one run.
Very satisfied today, my entry was at 1772.41 and got out with protective SL at 1767.00
I'll wait for market to settle down and see what next. I'm still expecting 1757.15 if 1765.28 acts as a resistance
Always expect unexpected.
  • #2,663
  • Jul 2, 2020 9:22am Jul 2, 2020 9:22am
Quoting Skoljkica
{quote} Very satisfied today, my entry was at 1772.41 and got out with protective SL at 1767.00 I'll wait for market to settle down and see what next. I'm still expecting 1757.15 if 1765.28 acts as a resistance
great job brother . I am actually very pleased as well, been taking things slow patiwnt and its getting clearer. had few sells from 1772, had my tp right around 1760, was anticipating the gap down at 1759 getting filled, went down to 1757 which skol had mentioned yesterday. then took a couple buys from 1758, got a little too excited when it bounced up 35 pips so I grabbed it out of there now just watching. expecting gaps up top to start getting filled now.
  • #2,664
  • Jul 2, 2020 11:58pm Jul 2, 2020 11:58pm
trade ideas. looking to go long at 1770, 1773 1777 qhen broken and closed above. 1st tp im looking at is 1784, got a nice gap up there still, 2nd tgt im seeing in my trend lines is 1792. this corresponds to the r2 and r3 for fib and cam respectively..

if bears manage to break down 1770, will look to short down to 1763, possibly 1755
  • #2,665
  • Jul 3, 2020 3:12am Jul 3, 2020 3:12am
Quoting rayoub
trade ideas. looking to go long at 1770, 1773 1777 qhen broken and closed above. 1st tp im looking at is 1784, got a nice gap up there still, 2nd tgt im seeing in my trend lines is 1792. this corresponds to the r2 and r3 for fib and cam respectively.. if bears manage to break down 1770, will look to short down to 1763, possibly 1755
Great analysis Rayoub! Keep doing great work.
Always expect unexpected.
  • #2,666
  • Jul 3, 2020 3:17am Jul 3, 2020 3:17am
Morning to all.

I am looking PA at 1777.73 (my 50% Week Support/Resistance), battlefield of bulls and bears.
I am expecting price to find support at 1774.39 and then one more push up over 1777.73 when I plan to activate my sell order at mentioned price.
TP placed at 1746.95

If 1777.73 acts as a support, I see price could reach 1786.09 again.
Always expect unexpected.
  • #2,667
  • Jul 3, 2020 5:57am Jul 3, 2020 5:57am
Hi Brothers
Great Analysis Skoljkica and Rayoub

H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold1h.png Size: 37 KB

Yesterday I entered in area blue dark blue rectangles by TP at red rectangle unfortunately the price did not reach that

I guess there is another ABC pattern the white lines but

  1. If the price find a resistant under the green horizontal line and cross the blue dotted trend line then it will expected to complete the move C of ABC pattern
  2. If the price find a support above the green horizontal trend line then there is two scenario: 1) moving above to wide blue rectangle area and create a double top and then fall 2) cross the wide blue rectangle and going to meet 1800

  • #2,668
  • Jul 3, 2020 6:11am Jul 3, 2020 6:11am
Quoting QuantaMath
Hi Brothers Great Analysis Skoljkica and Rayoub H1 chart {image} Yesterday I entered in area blue dark blue rectangles by TP at red rectangle unfortunately the price did not reach that I guess there is another ABC pattern the white lines but If the price find a resistant under the green horizontal line and cross the blue dotted trend line then it will expected to complete the move C of ABC pattern If the price find a support above the green horizontal trend line then there is two scenario: 1) moving above to wide blue rectangle area and create a...
Great analysis as well Quanta

Your both TPs, buy and sell, are in a daily range which gold does, so there is a high possibility it will be reached today.
Always expect unexpected.
  • #2,669
  • Jul 3, 2020 6:29am Jul 3, 2020 6:29am
great job skol and quanta. thanks for your analysis brothers looks great!!. 1777 area we can all agree is one of interestabove is most likely a buy below is a sell. from what it looks like.
  • #2,670
  • Jul 3, 2020 6:35am Jul 3, 2020 6:35am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200703-073418_MetaTrader 4.jpg Size: 1.4 MB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200703-073329_MetaTrader 4.jpg Size: 1.1 MB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200703-004340_MetaTrader 4.jpg Size: 1.0 MB
  • #2,671
  • Jul 3, 2020 7:17am Jul 3, 2020 7:17am
Quoting Skoljkica
{quote} Great analysis as well Quanta Your both TPs, buy and sell, are in a daily range which gold does, so there is a high possibility it will be reached today.
Thanks
  • #2,672
  • Jul 6, 2020 4:00am Jul 6, 2020 4:00am
Morning to all.

I am buying gold today.

Price is having difficulties breaking 1777.37.
If it can't break it, I expect price to fall down to 1770.04/1766.08 where I will buy
If price breaks 1777.37 then buy above 1778.60
TP 1786.49
Although, if bulls keep dominating the market, I expect price to reach 1825.16 during the week.
Always expect unexpected.
  • #2,673
  • Jul 6, 2020 6:36am Jul 6, 2020 6:36am
Quoting Skoljkica
Morning to all. I am buying gold today. Price is having difficulties breaking 1777.37. If it can't break it, I expect price to fall down to 1770.04/1766.08 where I will buy If price breaks 1777.37 then buy above 1778.60 TP 1786.49 Although, if bulls keep dominating the market, I expect price to reach 1825.16 during the week.
I'm in with the bulls at 1777.37
Tight SL, TP 1786.49
Always expect unexpected.
  • #2,674
  • Jul 6, 2020 7:47am Jul 6, 2020 7:47am
Too good ,May You shine more , What can you tell more ahead about gold ? (APPRECIATED FOR YOU ALOT ) Will gold go buy more or will make touch the resistance to being sell?
  • #2,675
  • Jul 6, 2020 8:32am Jul 6, 2020 8:32am
Quoting Skoljkica
{quote} I'm in with the bulls at 1777.37 Tight SL, TP 1786.49
great job Skol. i had a few buys from 1770 closed them at 1775 i had daily pivot around there. 1784 gap has now been filled, no more gaps to the top side at the moment.

I have placed some sells in around 1784-85 area, expecting price to pull back to around 1778. potentially 1771 area. 1785 I have as a daily trendline resistance and 1770 is 4hr trendline support.

gaps have been left to the bottom around 1770, 1777.
  • #2,676
  • Jul 6, 2020 9:19am Jul 6, 2020 9:19am
Quoting rayoub
{quote} great job Skol. i had a few buys from 1770 closed them at 1775 i had daily pivot around there. 1784 gap has now been filled, no more gaps to the top side at the moment. I have placed some sells in around 1784-85 area, expecting price to pull back to around 1778. potentially 1771 area. 1785 I have as a daily trendline resistance and 1770 is 4hr trendline support. gaps have been left to the bottom around 1770, 1777.
Great analysis.
Let's see will 1778.60/1776.06 act as a support again
Always expect unexpected.
  • #2,677
  • Edited 9:38am Jul 6, 2020 9:20am | Edited 9:38am
Quoting Itxtaha
Too good ,May You shine more , What can you tell more ahead about gold ? (APPRECIATED FOR YOU ALOT ) Will gold go buy more or will make touch the resistance to being sell?
Nobody knows where price will go. Everybody has their own analysis.
I traded my analysis, now waiting to see PA again.
Always expect unexpected.
  • #2,678
  • Jul 6, 2020 9:56am Jul 6, 2020 9:56am
So nice of you Skol! But also Update us About your # PA ,may ALLAH bless you more
  • #2,679
  • Jul 6, 2020 10:07am Jul 6, 2020 10:07am
Quoting rayoub
{image}{image}{image}
nice.
  • #2,680
  • Jul 6, 2020 10:10am Jul 6, 2020 10:10am
Quoting Skoljkica
Morning to all. I am buying gold today. Price is having difficulties breaking 1777.37. If it can't break it, I expect price to fall down to 1770.04/1766.08 where I will buy If price breaks 1777.37 then buy above 1778.60 TP 1786.49 Although, if bulls keep dominating the market, I expect price to reach 1825.16 during the week.
wow nice 1786.30 hit
1 trader viewing now