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Gold Mining - Using Each Trading Day's Trend

  • #2,821
  • Jul 15, 2020 8:43am Jul 15, 2020 8:43am
Quoting Skoljkica
I entered sell at 1807. Will see how that is going to work out. TP for first order 1801.60 Potential TP for second order 1798.67 Can price fall down to 1777.94 if bears continue leading the market?
also great anlysis brother!!!

I managed to catch some buys from 1803 daily pp and 30m 200 ema was right there. got couple scalps in, also caught some sells from 1809, now just waiting for more definitive route. looks as bears are dominating though
  • #2,822
  • Jul 15, 2020 9:11am Jul 15, 2020 9:11am
so still scalping mode right now 1807 and 1803 are providing swings, but now I am thinking short here down to 1798
  • #2,823
  • Jul 15, 2020 9:32am Jul 15, 2020 9:32am
Breaking 1810.95 could invalidate sell mode, but I'm still waiting that sell train at 1809.76
If price breaks 1810.95 I will look for buy opportunity.
Always expect unexpected.
  • #2,824
  • Jul 15, 2020 9:36am Jul 15, 2020 9:36am
Alright...
1814.86 and 1813.86 are the resistance levels generated today that I am waiting to sell from.

I Wait Alive.
Learn... Work Hard... Trade Alone
  • #2,825
  • Jul 15, 2020 9:43am Jul 15, 2020 9:43am
Quoting rayoub
so still scalping mode right now 1807 and 1803 are providing swings, but now I am thinking short here down to 1798
Yeahp brother, great one.
Chart actually generated this level but, I had already entered from 1806.
Still had profits though.
Well done brothers.
Learn... Work Hard... Trade Alone
  • #2,826
  • Jul 15, 2020 11:24am Jul 15, 2020 11:24am
Hello everyone, I'm glad to be in a room with like minded individuals. I'm looking for XAUUSD to go down to 1803.60. After that, looking for a potential run up to 1814.00. At 1814, I would like to see the Bears drive XAUUSD down to 1795.
Getting green but seldom seen
  • #2,827
  • Jul 15, 2020 11:42am Jul 15, 2020 11:42am
Quoting Xautrucho
Hello everyone, I'm glad to be in a room with like minded individuals. I'm looking for XAUUSD to go down to 1803.60. After that, looking for a potential run up to 1814.00. At 1814, I would like to see the Bears drive XAUUSD down to 1795.
Welcome Xautrucho,
Great analysis you got there brother.
Let's mine gold together.
Learn... Work Hard... Trade Alone
  • #2,828
  • Jul 15, 2020 12:01pm Jul 15, 2020 12:01pm
Quoting BiteFX
{quote} Welcome Xautrucho, Great analysis you got there brother. Let's mine gold together.
Thanks brother! A pleasure to be here. Please let me know if there's anything I can improve on or should be aware of. I hope to become efficient with gold.
Getting green but seldom seen
  • #2,829
  • Jul 15, 2020 12:15pm Jul 15, 2020 12:15pm
Quoting Xautrucho
{quote} Thanks brother! A pleasure to be here. Please let me know if there's anything I can improve on or should be aware of. I hope to become efficient with gold.
Please, read first page, first post on this thread to get the psychology behind this thread.
We are together in this!
Learn... Work Hard... Trade Alone
  • #2,830
  • Jul 15, 2020 1:17pm Jul 15, 2020 1:17pm
entered premature sell at 1806, as Bite says sote, small lot won't worry too much, entered another sell at 1812,. target will be 1803, then 1798. my trendlines are showing me 1818 is a possibility again as well, so will look to add shorts around that area if we get there. if price breaks and holds above 1815 will look to buy 1810, 1813
  • #2,831
  • Jul 15, 2020 1:38pm Jul 15, 2020 1:38pm
Quoting Xautrucho
Hello everyone, I'm glad to be in a room with like minded individuals. I'm looking for XAUUSD to go down to 1803.60. After that, looking for a potential run up to 1814.00. At 1814, I would like to see the Bears drive XAUUSD down to 1795.
welcome brother we will all mine gold together. great anlysis as well. price is having a hard time passing this whole area, expecting some support to be found.

that m30 200 ema earlier provided a great support on a side note.
I recommend at least adding that ema to everyone very very useful when it comes to scalps. almost always provides some room for profit qhen hitting it below or above.
  • #2,832
  • Jul 15, 2020 1:41pm Jul 15, 2020 1:41pm
Quoting rayoub
entered premature sell at 1806, as Bite says sote, small lot won't worry too much, entered another sell at 1812,. target will be 1803, then 1798. my trendlines are showing me 1818 is a possibility again as well, so will look to add shorts around that area if we get there. if price breaks and holds above 1815 will look to buy 1810, 1813
Exceptional analysis you've got there, brother!
I agree with you. What do you think about this? I'm hoping for a move below 1805.50. If the bears can pull through with some real momentum through 1805.50 (50.0) weekly Fibonacci, then we might secure our profits at 1796.40 (309MA). After that let's hope for a move back up to 1815.70 (0.0) Weekly Fibonacci, then some retrace down to 1805.50 again that (50.0 ) weekly Fibonacci. Finally, a move up above the (0.0) weekly Fibonacci up to 1817.60 and if all goes as planned, we should arrive down to 1791.25.
Getting green but seldom seen
  • #2,833
  • Jul 15, 2020 1:45pm Jul 15, 2020 1:45pm
Quoting rayoub
{quote} welcome brother we will all mine gold together. great anlysis as well. price is having a hard time passing this whole area, expecting some support to be found. that m30 200 ema earlier provided a great support on a side note. I recommend at least adding that ema to everyone very very useful when it comes to scalps. almost always provides some room for profit qhen hitting it below or above.
Gratitude brother! I appreciate your attentiveness! I look forward to throwing that MA into the mix and see how it works with my system. I use at 104MA and a 309MA, both run on linear weight and they account HLCC for a weighted close. I find both to be very practical on virtually every time frame. I also use Fibonacci and Ichimoku on the same system.
Getting green but seldom seen
  • #2,834
  • Jul 15, 2020 3:38pm Jul 15, 2020 3:38pm
Hello Dear Friends, Apologize for the absence

H4 chart

Attached Image (click to enlarge)
Click to Enlarge Name: gold4h.png Size: 35 KB

  1. It seem we have an anti Gartley, harmonic pattern, If it is correct then the price will tend to neighborhood about 1724.00
  2. f the price find a resistant near 1817.74 then it will possible to change a direction of current move and possibly to meet 1791.21 and if it will happening:

  1. The price find a support at 1791.21 so the channel will confirm, and there will a wide range at there
  2. If the price will cross 1791.21 and find it as a new resistant the price will moving more down

  • #2,835
  • Jul 15, 2020 4:19pm Jul 15, 2020 4:19pm
Quoting rayoub
entered premature sell at 1806, as Bite says sote, small lot won't worry too much, entered another sell at 1812,. target will be 1803, then 1798. my trendlines are showing me 1818 is a possibility again as well, so will look to add shorts around that area if we get there. if price breaks and holds above 1815 will look to buy 1810, 1813
Sote...
Learn... Work Hard... Trade Alone
  • #2,836
  • Jul 15, 2020 4:33pm Jul 15, 2020 4:33pm
Quoting QuantaMath
Hello Dear Friends, Apologize for the absence H4 chart {image} It seem we have an anti Gartley, harmonic pattern, If it is correct then the price will tend to neighborhood about 1724.00 f the price find a resistant near 1817.74 then it will possible to change a direction of current move and possibly to meet 1791.21 and if it will happening: The price find a support at 1791.21 so the channel will confirm, and there will a wide range at there If the price will cross 1791.21 and find it as a new resistant the price will moving more down

QUANTAS BACK IN THE BUILDINGGGG!!!! we missed you bro welcome back
  • #2,837
  • Jul 15, 2020 4:37pm Jul 15, 2020 4:37pm
Quoting Xautrucho
{quote} Exceptional analysis you've got there, brother! I agree with you. What do you think about this? I'm hoping for a move below 1805.50. If the bears can pull through with some real momentum through 1805.50 (50.0) weekly Fibonacci, then we might secure our profits at 1796.40 (309MA). After that let's hope for a move back up to 1815.70 (0.0) Weekly Fibonacci, then some retrace down to 1805.50 again that (50.0 ) weekly Fibonacci. Finally, a move up above the (0.0) weekly Fibonacci up to 1817.60 and if all goes as planned, we should arrive down...
Great detailed analysis brother!!! so for the new trading day I will be paying attention to 1803.50 area, if bears can break and remain below we pave the way to 1798, 1788, 1775 and as bite mentioned 1758.

if bears cannot drive price below, then we could potentially see a bounce from 1798-1803 area back towards 1815, 1818 maybe even higher.
  • #2,838
  • Jul 15, 2020 4:39pm Jul 15, 2020 4:39pm
Quoting Xautrucho
{quote} Gratitude brother! I appreciate your attentiveness! I look forward to throwing that MA into the mix and see how it works with my system. I use at 104MA and a 309MA, both run on linear weight and they account HLCC for a weighted close. I find both to be very practical on virtually every time frame. I also use Fibonacci and Ichimoku on the same system.
have not tried those lol I used to have a million and 1 trend lines so couldn't see anything at all but slowly been tweaking the strategy to suit my needs but I'm open to learning as well. not a pro yet
  • #2,839
  • Jul 15, 2020 5:16pm Jul 15, 2020 5:16pm
Quoting rayoub
{quote} QUANTAS BACK IN THE BUILDINGGGG!!!! we missed you bro welcome back
Thanks Borther,
  • #2,840
  • Jul 15, 2020 5:43pm Jul 15, 2020 5:43pm
All of you individuals are very knowledgeable and I am very blessed to be here. I look forward to contributing to the information that is sourced on this forum. Let's become great together, brothers!
Getting green but seldom seen
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