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Gold Mining - Using Each Trading Day's Trend

  • #2,701
  • Jul 7, 2020 10:30am Jul 7, 2020 10:30am
I'm seeing RSI divergence on 4H from July 1st high to 1796 today
Should be a drop incoming from current levels

Missed the move up as I have a day job #
Moving my buy limit to 1,779 which is a trendline that price has respected since 1670 drop in June and respected earlier today

short from 1794
SL 1801
  • #2,702
  • Jul 7, 2020 12:04pm Jul 7, 2020 12:04pm
Quoting Skoljkica
If price finds resistance at 1788 I will reload my shorts, but above that price bulls should take over the market. Potential TP for short still 1766.08 TP for long 1800
Hi, I follow your opinion since middle of June and I found it useful. Now price is in 1795 area with sharp move from 1775 area, What do you make of it? will there any pullback?
  • #2,703
  • Jul 7, 2020 12:16pm Jul 7, 2020 12:16pm
Quoting rayoub
so I have entered short at 1795, and will short 1802-3 area. tp will be 1781, ext to 1771. should have seen bulls riding this back up, m30 200 ema was smacked, also had trendline there as well as daily s1 at 1773, that did its trick, 1792 was my short area, however I waited for 1795 as the momentum was still there to keep going up. momentum has slowed a bit, as always mentioned US likes to set the highs and lows for the day from what ive seen, highs are made, expecting a low to come into play soon. {image}
Great analysis, we will see where market goes
  • #2,704
  • Jul 7, 2020 12:59pm Jul 7, 2020 12:59pm
If we look at previous highs, we can see about 28$ correction after last two highs. if market wanna repeat its move, I expect 1768-1771 in following day
  • #2,705
  • Jul 8, 2020 2:18am Jul 8, 2020 2:18am
Morning all

I am expecting for price to reach 1800 area (1799.55) and then pullback down to 1795.62/1793.38
If bulls want to dominate the market, I am expecting for price to find support at that area (1795) and price could go up to 1806.91/1810.95
We could also see 1825.16 until the end of the week.

If price can't hold 1793.38, it could go down to 1786.49 as a first support line. Than I will look for PA
Always expect unexpected.
  • #2,706
  • Jul 8, 2020 2:24am Jul 8, 2020 2:24am
Quoting Javegoodman
{quote} Hi, I follow your opinion since middle of June and I found it useful. Now price is in 1795 area with sharp move from 1775 area, What do you make of it? will there any pullback?
Thanks.
There is always a pullback in the market which I look as a new opportunities to enter the market. Sometimes price does it sooner, sometimes it goes further than expected, but I am always expecting a pullback, in both directions.
Always expect unexpected.
  • #2,707
  • Jul 8, 2020 3:47am Jul 8, 2020 3:47am
RSI divergence on every intraday timeframe - cannot see 1800 being defeated just yet - small dip incoming I think / hope
  • #2,708
  • Jul 8, 2020 4:44am Jul 8, 2020 4:44am
Quoting woteverwillb
RSI divergence on every intraday timeframe - cannot see 1800 being defeated just yet - small dip incoming I think / hope
gold touch the 1800
  • #2,709
  • Jul 8, 2020 4:47am Jul 8, 2020 4:47am
Quoting Skoljkica
Morning all I am expecting for price to reach 1800 area (1799.55) and then pullback down to 1795.62/1793.38 If bulls want to dominate the market, I am expecting for price to find support at that area (1795) and price could go up to 1806.91/1810.95 We could also see 1825.16 until the end of the week. If price can't hold 1793.38, it could go down to 1786.49 as a first support line. Than I will look for PA
nice analysis i will follow that.
  • #2,710
  • Jul 8, 2020 5:25am Jul 8, 2020 5:25am
Bells ringingBULLS EYE 1801 Thanks everyone for your analysis and guidance.
Jus tryna be a BILLIONAIRE!
  • #2,711
  • Jul 8, 2020 10:34am Jul 8, 2020 10:34am
Support line lies at 1807 , After a selling Bearish now It is leading to 38.2 Golden line of Fibonacci retracement, If it cross the 1807 S.L then it will go short (sell) ... May it hits 1797 Support line ,And the last predicted 1789 Support line if hits ,The bearish Will dominte the whole Bullish trend of today gold , May Allah bless us all with goodness And put better in this for us ,Ameen
  • #2,712
  • Jul 8, 2020 12:37pm Jul 8, 2020 12:37pm
Quoting Itxtaha
Support line lies at 1807 , After a selling Bearish now It is leading to 38.2 Golden line of Fibonacci retracement, If it cross the 1807 S.L then it will go short (sell) ... May it hits 1797 Support line ,And the last predicted 1789 Support line if hits ,The bearish Will dominte the whole Bullish trend of today gold , May Allah bless us all with goodness And put better in this for us ,Ameen
Well done Itxtaha.
Please make your charts available also to enhance grasp.
Thanks man.
Learn... Work Hard... Trade Alone
  • #2,713
  • Jul 9, 2020 3:14pm Jul 9, 2020 3:14pm
Hi all, I hope you’re well. Today is a bad day for me. I lost 3k$ and my account is in red, ZERO$. I only wanna say that please fight with your greed daily and dont let greed control you, as I did. I hope you do your trade in best way and get profits everyday.
  • #2,714
  • Jul 9, 2020 3:28pm Jul 9, 2020 3:28pm
Quoting Javegoodman
Hi all, I hope you’re well. Today is a bad day for me. I lost 3k$ and my account is in red, ZERO$. I only wanna say that please fight with your greed daily and dont let greed control you, as I did. I hope you do your trade in best way and get profits everyday.
Sorry Javegoodman,
It happens but, if you have been following my thread for a while you should have seen my emphasis on STAYING ALIVE.
We are in this together, we will help you brother.
Learn... Work Hard... Trade Alone
  • #2,715
  • Jul 9, 2020 3:34pm Jul 9, 2020 3:34pm
Where on are my guys?
Ray, Skolj, and Quanta?
Word up?
Learn... Work Hard... Trade Alone
  • #2,716
  • Jul 9, 2020 3:36pm Jul 9, 2020 3:36pm
Quoting Javegoodman
Hi all, I hope you’re well. Today is a bad day for me. I lost 3k$ and my account is in red, ZERO$. I only wanna say that please fight with your greed daily and dont let greed control you, as I did. I hope you do your trade in best way and get profits everyday.
Sorry Bro.

I know you will get back up. I'm not in the best place to give this sort of advice, BUT whenever you're back up, I think 0.01 - 1K and maybe 0.1 - 10k account is recommended. But other PROs here can shed further light on Funds Management.
Just my piece thanks.
Jus tryna be a BILLIONAIRE!
  • #2,717
  • Jul 10, 2020 2:57am Jul 10, 2020 2:57am
Quoting Javegoodman
Hi all, I hope you’re well. Today is a bad day for me. I lost 3k$ and my account is in red, ZERO$. I only wanna say that please fight with your greed daily and dont let greed control you, as I did. I hope you do your trade in best way and get profits everyday.
Yeah, it happens.
But don't let that to discourage you. It can be a lesson.
My advice is to always protect your trade with SL and what I like to do is put several smaller trades (it can be on the same or different price), so I can always leave 1 or 2 trades going and scalp with another one. And I like to put protective SL on profitable trades.
Keep your head up and good luck.
Always expect unexpected.
  • #2,718
  • Jul 10, 2020 2:59am Jul 10, 2020 2:59am
Quoting BiteFX
Where on are my guys? Ray, Skolj, and Quanta? Word up?
It's been a busy day. Where have you been hiding?

My buy has just been activated on 1801.
Potential TP 1825, but I expect first major resistance at 1806.91
Always expect unexpected.
  • #2,719
  • Jul 10, 2020 3:21am Jul 10, 2020 3:21am
Hey afternoon everyone ! May This Friday bring you the most precious happiness of the world , May you got what you planned , May you Find the courage that Shine your all trades next week ,Ameen and in Sha Allah , Be blessed everyone
  • #2,720
  • Jul 10, 2020 3:22am Jul 10, 2020 3:22am
Quoting BiteFX
{quote} Well done Itxtaha. Please make your charts available also to enhance grasp. Thanks man.

Thanks bro ! be blessed And in Sha Allah from Monday I'll share the screenshots Of My ACC. Trades
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