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Gold Mining - Using Each Trading Day's Trend

  • #2,981
  • Jul 21, 2020 11:25am Jul 21, 2020 11:25am
With so many positive cases in USA, Gold can going up again with a chance to break 2011 record (If Covid-19 is yet to over)
More ups than downs
  • #2,982
  • Jul 21, 2020 11:27am Jul 21, 2020 11:27am
Quoting forexdancer
the flag on lower time frame is getting smaller and smaller, dolla index going down and down, eur going up against the dolla, all the same will see what side of the flag this breaks out now london is closed anly the market knows
Broke out the flag above so lets see if a false break out or will it go

if it goes up a bit and then re tests this level i will add another small size same tp as previous post, but do your own due dilligence if you dont see what i see please dont follow
  • #2,983
  • Jul 21, 2020 11:43am Jul 21, 2020 11:43am
The life of a SCALPER is not an easy one, gradually Scalping back my my losses, it requires patience to sell at crazy highs on the those slight reversals, ESPECIALLY ON A BULLISH MARKET, I can't risk going with the Bulls (if that's what you thinking) the reversal could just get very deep, and you know what that means, if you Bullishly aligned...

My own pound of flesh I seek cautiously to recover from Mr. MARKET
Jus tryna be a BILLIONAIRE!
  • #2,984
  • Jul 21, 2020 11:54am Jul 21, 2020 11:54am
so based on what I see think this may be nice small short spot, obviously be very cautious if you choose to follow because bulls have been demolishing bears lol. but if price closes above 1840, I believe we will see 1849-1854
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  • #2,985
  • Jul 21, 2020 11:56am Jul 21, 2020 11:56am
Quoting obatraid
The life of a SCALPER is not an easy one, gradually Scalping back my my losses, it requires patience to sell at crazy highs on the those slight reversals, ESPECIALLY ON A BULLISH MARKET, I can't risk going with the Bulls (if that's what you thinking) the reversal could just get very deep, and you know what that means, if you Bullishly aligned... My own pound of flesh I seek cautiously to recover from Mr. MARKET
agreed I got my ass handed to me trying to scalp yesterday lol. but I agree I believe price is a bit too high to go with bulls now, although if they manage to get a leg above 1840 could get worse before better for us still trying to go. slightly bearish.
  • #2,986
  • Jul 21, 2020 12:11pm Jul 21, 2020 12:11pm
If H4 candle opens at or above 1842.19, price could go up to 1871.35 (I moved my TP there)
There are couple of resistance lines before it, but somehow it seems gold doesn't mind about them.
So I'm expecting for price to hit 1845.45 and come back down to 1842.19 to confirm it as a support.
Always expect unexpected.
  • #2,987
  • Jul 21, 2020 12:12pm Jul 21, 2020 12:12pm
Quoting rayoub
{quote} agreed I got my ass handed to me trying to scalp yesterday lol. but I agree I believe price is a bit too high to go with bulls now, although if they manage to get a leg above 1840 could get worse before better for us still trying to go. slightly bearish.
All technical Indicators are shouting LONG, unfortunately my Brain and Sentiment won't let me, so I may just have to wait out this BULLISH ROUTE, painfully seeing it go up and not being a part, I have to be patient, that's the only panacea for my Bearish sentiment now, it's at 1842 now, it may go up to 1845, from where I wish to short before Market closes.

Quoting Skoljkica
If H4 candle opens at or above 1842.19, price could go up to 1871.35 (I moved my TP there) There are couple of resistance lines before it, but somehow it seems gold doesn't mind about them. So I'm expecting for price to hit 1845.45 and come back down to 1842.19 to confirm it as a support.
I DARE SAY, I HAVE GOTTEN IN BED WITH THE BULLS, I watched a BUY trend from 1837 now at 1842, as quoted by my Broker, also as I said earlier all indicators are signalling BUY. I also learnt it is unwise to ignore a building trend and trade against the market.

I've set a moderate SL, to allow for price action back to 1840, lets see what I can gain from the today, just hope price hits 1845 TP.

Wish I had joined the Bull train earlier though...
Jus tryna be a BILLIONAIRE!
  • #2,988
  • Jul 21, 2020 1:10pm Jul 21, 2020 1:10pm
Screen shot is of dummy account

That was a bit of a text book long,
impulse
squeeze
breakout
consolidation
then up
its not moving as agressive as i thought it might
time will tell
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  • #2,989
  • Jul 21, 2020 3:03pm Jul 21, 2020 3:03pm
Quoting forexdancer
Screen shot is of dummy account That was a bit of a text book long, impulse squeeze breakout consolidation then up its not moving as agressive as i thought it might time will tell {image}
ya i noticed afterwards, gotta stop sleeping lol. Sometimes I wake up and look at peice and place a trade without looking at what the prior hours did beforehand. but strategy analysis and fine tuning will get it done right at some point (hopefully sooner than later for my sake haha)
  • #2,990
  • Jul 21, 2020 8:35pm Jul 21, 2020 8:35pm
if it wasn't apparent before, bulls are tearing shit up lol. might see 1879 to 1900 tomorrow or by end of week
  • #2,991
  • Jul 21, 2020 8:41pm Jul 21, 2020 8:41pm
hard to work and trade ill give you the tip lol
shorts got picked up obviously and added a little one at 1862 see how it is when i get time to look later

looking for low 1800's
  • #2,992
  • Jul 21, 2020 9:08pm Jul 21, 2020 9:08pm
Quoting rayoub
if it wasn't apparent before, bulls are tearing shit up lol. might see 1879 to 1900 tomorrow or by end of week
It is really rare but by checking the historical data of chart, similar behavior was happened at 2019-08-7
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  • #2,993
  • Jul 21, 2020 10:03pm Jul 21, 2020 10:03pm
Quoting QuantaMath
{quote} It is really rare but by checking the historical data of chart, similar behavior was happened at 2019-08-7 {image}
I definitely agree Quanta!!

my analysisfor today is as follows.: I agreed with Skol about buying 1842, it became support and went right to daily trend line resistance around 1862. now I am looking for price to pullback to about 1852 trendline support and go first to 1883, ext to 1900. bulls have shown they mean business so 1900 could very well happen this week if not tomorrow.
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  • #2,994
  • Jul 21, 2020 10:48pm Jul 21, 2020 10:48pm
Quoting rayoub
{quote} I definitely agree Quanta!! my analysisfor today is as follows.: I agreed with Skol about buying 1842, it became support and went right to daily trend line resistance around 1862. now I am looking for price to pullback to about 1852 trendline support and go first to 1883, ext to 1900. bulls have shown they mean business so 1900 could very well happen this week if not tomorrow. {image} {image} {image}
Great Analysis Bro
I like the pink trend line. I guess sooner or later the price will touch again this pink trend line as a pullback.
  • #2,995
  • Jul 21, 2020 11:03pm Jul 21, 2020 11:03pm
thinking I will place one buy limit at 1852.50 the other at 1855.50 both tps qill be 1883
  • #2,996
  • Edited 4:12am Jul 22, 2020 3:46am | Edited 4:12am
Good day to all.

I'm expecting 1846.31/1842.19 as a support line, so I've put my buy orders there.
TP for now 1871.35 as a first serious resistance line.
Possible up to 1880.36 as well.

Edit:
If price breaks 1842.19 downwards, it is possible to find it as a resistance, so bullish mode could be invalid.
Always expect unexpected.
  • #2,997
  • Jul 22, 2020 4:59am Jul 22, 2020 4:59am
Quoting Skoljkica
Good day to all. I'm expecting 1846.31/1842.19 as a support line, so I've put my buy orders there. TP for now 1871.35 as a first serious resistance line. Possible up to 1880.36 as well. Edit: If price breaks 1842.19 downwards, it is possible to find it as a resistance, so bullish mode could be invalid.
Good day all. I expect first and slight rejection at 1855 region, above that price should be another Buy.
I am NEITHER in with the NOR today, just only my Moving Averages/RSI and other solid Technical Analysis.

NO NONSENSE PERSONAL SENTIMENT TODAY!
Jus tryna be a BILLIONAIRE!
  • #2,998
  • Jul 22, 2020 5:21am Jul 22, 2020 5:21am
Quoting thatguy22
Please consider taking a look at my Gold Update. I found a nice Short opportunity on the Daily chart, the retracement would also allow some more long term oriented traders to enter with the Long position later. I also provided Stops and Targets for this trade I upload weekly analysis every Sunday and daily analysis from TUE to FRI. https://www.youtube.com/watch?v=55FJ_9RDzGs
The pattern I was looking at on Monday failed yesterday so I got stopped out of my Short position.
This is what I am looking at now. Consider taking a look at my analysis.

Inserted Video
  • #2,999
  • Jul 22, 2020 8:51am Jul 22, 2020 8:51am
Hello everyone ! Any update about gold????
  • #3,000
  • Jul 22, 2020 8:58am Jul 22, 2020 8:58am
Quoting Itxtaha
Hello everyone ! Any update about gold????
Gold is currently poised for a move up to the 1856 resistance.
From that region, you may have to wait a proper move to 1857 to initiate any Buy, because the 1856 resistance, could also mean a slight reversal, so wait for a move above 1857 to initiate any buys.

My analysis are based on EMA 7, SMA 13, SMA 21, EMA 50, and time frames 5Min (SCALPING) 15Min and 30Min Candle stick Uptrend on MA.

Watch Technicals closely and !!!STAY ALIVE!!!
Jus tryna be a BILLIONAIRE!
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