Pro7 PA trading analysis 28+GOLD | Page 46 | Metals Mine

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Attachments: Pro7 PA trading analysis 28+GOLD
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Pro7 PA trading analysis 28+GOLD

  • #901
  • Jul 28, 2020 2:15am Jul 28, 2020 2:15am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #902
  • Jul 28, 2020 3:00am Jul 28, 2020 3:00am
Good morning to all

Gold did a nice move up and down. So the questions is how deep can it go?
I am looking at 1900.45/1898.48 as a first support line.
If it holds, price could go up to 1927.18. If that acts as a support, then up to 1955.87
If 1927.18 acts as a resistance, then price could go down to 1889.62/1878.78
Always expect unexpected.
  • #903
  • Jul 28, 2020 3:32am Jul 28, 2020 3:32am
sorry folks, I don't see potential setup that will be interesting to trade.

DXY
pay attention to 93.886
if hold than up to 94.105 - 94.173 - 94.325 - 94.460 those are resistance points
if can't than down to 93.666 - 93.599 - 93.447 - 93.311

valid for today
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.png Size: 56 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #904
  • Jul 28, 2020 3:38am Jul 28, 2020 3:38am
Quoting SNF-Complex
{quote} 2048 good ... ========= {image}
you mention trading SNF complex can you enlighten us more about it,i google it found nothing XD
  • #905
  • Jul 28, 2020 4:33am Jul 28, 2020 4:33am
Quoting Nanotech
Hit 1981 and fall to 1933. what it mean? {image}
it doesn't mean anything, this is just heavy PA manipulation. if you are on wrong side it hurts

I call this kind of behavior "Windows dressing" you can find it in every last week of the month for the last xy years for every symbol.
Forex can only be understood backwards, but it must be traded forwards.
  • #906
  • Jul 28, 2020 5:23am Jul 28, 2020 5:23am
Quoting prozor7
{quote} it doesn't mean anything, this is just heavy PA manipulation. if you are on wrong side it hurts I call this kind of behavior "Windows dressing" you can find it in every last week of the month for the last xy years for every symbol.
so @prozor7 you think gold will push high again ???
one more question for the support and resistance zones you display on your charts you manually assign them or you use an indicator/EA ??
  • #907
  • Jul 28, 2020 6:49am Jul 28, 2020 6:49am
Quoting yasserMk
{quote} so @prozor7 you think gold will push high again ??? one more question for the support and resistance zones you display on your charts you manually assign them or you use an indicator/EA ??
hi yasser,
" you think gold will push high again ???"
I don't know, didn't trade gold R:R is to low to enter, pay attention to fantastic analyzing post from Skol where you have targets hit almost to the pip

"support and resistance zones you display on your charts you manually assign them or you use an indicator/EA"
you have answer in post 1, 2 & 3, please read it if you want participate in any thread.
my suggestion to you is read first couple of pages to understand what is thread about
Forex can only be understood backwards, but it must be traded forwards.
  • #908
  • Edited 10:41am Jul 28, 2020 9:59am | Edited 10:41am
Quoting prozor7
DXY never trade or analyze this symbol so be gentle with criticism. PA should go down to 94.158 where it should find support. breaking this PA open a gate for 93.948 - 93.883 if PA find support there up to 94.433 breaking this line 94.578 - 94.708
Quoting prozor7
...DXY pay attention to 93.886 if hold than up to 94.105 - 94.173 - 94.325 - 94.460 those are resistance points if can't than down to 93.666 - 93.599 - 93.447 - 93.311 valid for today {image}
DXY
update
calculations look solid, will keep this setup for DXY
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.png Size: 59 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #909
  • Jul 28, 2020 11:24am Jul 28, 2020 11:24am
Quoting prozor7
GBPUSD pay attention to 1.28212 - 1.28052 as support buy above TP 1.29468
GBPUSD
exit long staying aside
Forex can only be understood backwards, but it must be traded forwards.
  • #910
  • Jul 29, 2020 2:13am Jul 29, 2020 2:13am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #911
  • Jul 29, 2020 3:48am Jul 29, 2020 3:48am
Good morning all.

Gold analysis:
I have a pending buy at 1959.00 which is activated.
I expect price will reach 1984.56 as a first bigger resistance line and then possible pullback to 1976.
If 1984.56 acts as a support, next target is 2002.29 as second bigger resistance line, pullback expected.
If 2002.29 acts as a support as well, 2048 could be reached.


Edit:
Don't forget FOMC minutes today.
Always expect unexpected.
  • #912
  • Jul 29, 2020 3:52am Jul 29, 2020 3:52am
Quoting Skoljkica
Good morning all. Gold analysis: I have a pending buy at 1959.00 which is activated. I expect price will reach 1984.56 as a first bigger resistance line and then possible pullback to 1976. If 1984.56 acts as a support, next target is 2002.29 as second bigger resistance line, pullback expected. If 2002.29 acts as a support as well, 2048 could be reached. Edit: Don't forget FOMC minutes today.
I'm with you on this @ 1958 H1 support for quick scalp to 1964
Forex can only be understood backwards, but it must be traded forwards.
  • #913
  • Jul 29, 2020 4:14am Jul 29, 2020 4:14am
GBPUSD
pay attention to 1.29947 - 1.30124 for potential short
breaking this line PA open gate for 1.30948
Forex can only be understood backwards, but it must be traded forwards.
  • #914
  • Jul 29, 2020 4:28am Jul 29, 2020 4:28am
Quoting prozor7
GBPUSD pay attention to 1.29947 - 1.30124 for potential short breaking this line PA open gate for 1.30948
Im looking to short GBPUSD down to 1.28489
  • #915
  • Jul 29, 2020 4:30am Jul 29, 2020 4:30am
Quoting Skoljkica
Good morning all. Gold analysis: I have a pending buy at 1959.00 which is activated. I expect price will reach 1984.56 as a first bigger resistance line and then possible pullback to 1976. If 1984.56 acts as a support, next target is 2002.29 as second bigger resistance line, pullback expected. If 2002.29 acts as a support as well, 2048 could be reached. Edit: Don't forget FOMC minutes today.
I won't be surprised if price falls down to 1946.08/1944.90
Always expect unexpected.
  • #916
  • Jul 29, 2020 5:58am Jul 29, 2020 5:58am
Quoting prozor7
USDCAD watching 1.33736 there is a potential spike down to 1.33611 - 1.33513 PA should not break this for long
USDCAD
fishing buy @ H4 1.33513 support/resistance line
Forex can only be understood backwards, but it must be traded forwards.
  • #917
  • Jul 29, 2020 6:14am Jul 29, 2020 6:14am
NZDCAD
fishing buy above H4 0.88920 support/resistance line
Forex can only be understood backwards, but it must be traded forwards.
  • #918
  • Jul 29, 2020 6:15am Jul 29, 2020 6:15am
EURGBP
potential buy @ 0.90472 tight SL
Forex can only be understood backwards, but it must be traded forwards.
  • #919
  • Jul 29, 2020 6:20am Jul 29, 2020 6:20am
EURJPY
watching 123.144 - 123.123 H4 - H1 support as potential long
Forex can only be understood backwards, but it must be traded forwards.
  • #920
  • Jul 29, 2020 6:26am Jul 29, 2020 6:26am
EURUSD
watching H4 1.17219 as support for long
Forex can only be understood backwards, but it must be traded forwards.
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