price is showing hard time passing 1786 area, with that in mind as well as my daily trendline I am looking to sell 1786-1790 area. with 1st tgt of 1777 ext to 1770. just preliminary analysis will provide charts in a bit.
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Gold Mining - Using Each Trading Day's Trend
- #2,685
- Jul 7, 2020 3:14am Jul 7, 2020 3:14am
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
Good morning to all. So, as I've agreed with Rayoub in previous post, I am looking to short at 1786.49 and 1783.76 after 1786.49 is reached. First major support line is at 1776.06, so I expect pullback up to 1778.00 from there. My TP for today is 1767.67/1765.28 Maybe bulls will take control from there
Well done Skolj.
Learn... Work Hard... Trade Alone
Don't follow blindly SatoshiBill
Cash in some of your huge BTC holdings and make the gold market move !
I think we may go down to a 4H trend cross at 1,766 - I have a buy waiting there - but it could bounce at 1770 or go down further !
PA, TA and FA is the key brother
Cash in some of your huge BTC holdings and make the gold market move !
I think we may go down to a 4H trend cross at 1,766 - I have a buy waiting there - but it could bounce at 1770 or go down further !
PA, TA and FA is the key brother
- #2,690
- Jul 7, 2020 5:39am Jul 7, 2020 5:39am
Hey Skol! Have a great day... I will be thankful to you if you answer my question please? Gold is now at 1776 ,when bearish candle wants To go sell , Bullish dominates and pullback it up ,Is there any chance of buy of gold now?
pullback doesn't necessarily mean, in this case, bulls are taking control, it can be a new opportunity to enter new short.
And vice versa.
My analysis is that before 1766.08 is to early to go long. But, when/if price reaches I will see PA.
Also, my advice is to do your own analysis and if you want post it, don't follow mine or anyone else's. You should know and understand why you entered the trade and how much are you willing to lose and gain on it.
Always expect unexpected.
A legend saying is that , "A wise is whom who survey's other paths To obtain a new mind idea & to use that idea at his path , and a wise again is whom who Survey's both the paths and the middle of both " You have a great analysis Skol! May we all shine more ... I like your all advice ,Keep updating us may I got there an analysis idea And choose the best path 
,Be blessed SKOL!
,Be blessed SKOL!
Don't follow blindly SatoshiBill Cash in some of your huge BTC holdings and make the gold market move !
Don't follow blindly SatoshiBill Cash in some of your huge BTC holdings and make the gold market move !
Fair warning though, trading gold is much different than crypto. You need more capital and will not become a millionaire over night..
careful not to step in a pile of it
{quote} Hi Itxtaha, pullback doesn't necessarily mean, in this case, bulls are taking control, it can be a new opportunity to enter new short. And vice versa. My analysis is that before 1766.08 is to early to go long. But, when/if price reaches I will see PA. Also, my advice is to do your own analysis and if you want post it, don't follow mine or anyone else's. You should know and understand why you entered the trade and how much are you willing to lose and gain on it.
