Gold Mining - Using Each Trading Day's Trend | Page 163 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,241
  • Aug 13, 2020 11:21am Aug 13, 2020 11:21am
Quoting tablo998
{quote} Silver just touched 50% fib level and went back
Hi Tablo - was a classic retest of previous resistance - then shot off - expecting Silver to test $30 again tomorrow
  • #3,242
  • Aug 13, 2020 12:09pm Aug 13, 2020 12:09pm
1hr closed above expecring the 4hr to follow suit. if thats the case expecting a retest of 1945-1949 from the top then resuming towards 1982
  • #3,243
  • Aug 13, 2020 1:08pm Aug 13, 2020 1:08pm
Quoting rayoub
1hr closed above expecring the 4hr to follow suit. if thats the case expecting a retest of 1945-1949 from the top then resuming towards 1982
Retest will be my entry, should make a good support
  • #3,244
  • Aug 13, 2020 3:13pm Aug 13, 2020 3:13pm
Quoting Iscarter
{quote} Retest will be my entry, should make a good support
retest went a little deeper but nonetheless seems as if it did in fact make good support. will analyze once market closes and see whats in store for us tomorrow
  • #3,245
  • Aug 13, 2020 11:19pm Aug 13, 2020 11:19pm
analysis from yesterday still holds.
1945-1949 has proven to be good support expecting bullish move towards 1982-1985,
if price falls below 1945 I expect a retest of 1927-1929 area before bullish movement continues.
if we get a close below 1927 I would look for sells down to 1907, potentially 1900, 1893
  • #3,246
  • Aug 14, 2020 5:45am Aug 14, 2020 5:45am
Good day to all.
Target I'm expecting today is 1972.70-1977.04. There is a cluster of 4 resistance lines.
So if price can hold 1946.14 (as Ray mentioned in previous posts), I expect 1972.70 will be reached.
However if price can't hold it, it could go down to 1936.73/1919.58
Always expect unexpected.
  • #3,247
  • Aug 16, 2020 11:42am Aug 16, 2020 11:42am
Quoting Skoljkica
Good day to all. Target I'm expecting today is 1972.70-1977.04. There is a cluster of 4 resistance lines. So if price can hold 1946.14 (as Ray mentioned in previous posts), I expect 1972.70 will be reached. However if price can't hold it, it could go down to 1936.73/1919.58
Hi...

Actually I am still expecting that Bulish Action towards 1980s on Monday. 1930 shall be the Level of Price that will change my Bullish Perspective from bullish into bearish. If 1930 is broken, then I will be aiming for 1900s.

Best Regards

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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,248
  • Aug 16, 2020 10:07pm Aug 16, 2020 10:07pm
Good Morning

My amateur analysis says.
I still think gold is bullish breaking 1966, then expecting it to reach 1988 then next target 2032 area,going down it should break 1921, 1860_1840 should put on a good fight then 1749 next target
  • #3,249
  • Aug 17, 2020 8:23pm Aug 17, 2020 8:23pm
So 1985-1989 was reached.
from what im seeing if price is able to close strong above 1987. price should use it as a support to immediately reach 1994 then 2001-2003, ext to 2015.

if price can't stay above 1987, expecting a retest of 1979 1st and if this fails then 1967, which is around daily pivot
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  • #3,250
  • Aug 18, 2020 4:32am Aug 18, 2020 4:32am
Good day to all. Great analysis there!

I expect pullback from 2004.04 down to 1998.05, maybe 1993.45 and then up to 2031.75. From there, we could have slightly pullback down to 2024.25/2021.16 and up to 2048.87
It could be reached until the end of the day.
Attached Image
Always expect unexpected.
  • #3,251
  • Aug 18, 2020 8:51am Aug 18, 2020 8:51am
Quoting Skoljkica
Good day to all. Great analysis there! I expect pullback from 2004.04 down to 1998.05, maybe 1993.45 and then up to 2031.75. From there, we could have slightly pullback down to 2024.25/2021.16 and up to 2048.87 It could be reached until the end of the day. {image}
great analysis brother!! seems 2003 area did the trick supporting it back to 2015,
still expecting a retwst of this area once more, potentially could find support at 2008 and then go to 2024.
but as for now i have my buy limits at 2003 will adjust as needed
  • #3,252
  • Aug 18, 2020 9:22am Aug 18, 2020 9:22am
Quoting rayoub
{quote} great analysis brother!! seems 2003 area did the trick supporting it back to 2015, still expecting a retwst of this area once more, potentially could find support at 2008 and then go to 2024. but as for now i have my buy limits at 2003 will adjust as needed
moved buys down to 1994 tp is 2024
  • #3,253
  • Aug 18, 2020 9:30am Aug 18, 2020 9:30am
Quoting rayoub
{quote} moved buys down to 1994 tp is 2024
sl was hit 2015 was great resistance
  • #3,254
  • Aug 18, 2020 11:34am Aug 18, 2020 11:34am
Quoting rayoub
{quote} sl was hit 2015 was great resistance
Same here, stop loss knocked me out, thank God it was a 30pip sl
  • #3,255
  • Aug 18, 2020 3:09pm Aug 18, 2020 3:09pm
Hello

I believe that it will continue to resist H1 in 2034
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  • #3,256
  • Aug 18, 2020 4:39pm Aug 18, 2020 4:39pm
Quoting Iscarter
{quote} Same here, stop loss knocked me out, thank God it was a 30pip sl
ya smfh but that launch right after being kicked out was beautiful lol. sadly I was at my sons dr. appt and didn't have that moment needed to catch that entry off the 15m 200ema. sheesh would have been a nice quick complete move. Anyways. will reevaluate in a bit and see. 2008-2015 has been doing a pretty decent job keeping price below, expecting a possible pullback down to 1987, 1979 1967 area if price cant hold that 2k handle.
  • #3,257
  • Aug 19, 2020 6:10am Aug 19, 2020 6:10am
Good day to all.

Gold could reach 1964.69, where it should find support, so possible pullback from 1986.25 up to 1993.93 to place nice sell with target 1964.69
If price hits 1964.69 it could go up to 1974.63. If that acts as a support, then up to 2004.04/2012.60
But my buy target is still 2048.87.
If 1964.69 can't hold, price could go down to 1936.73 maybe even 1898.82

Don't forget FOMC Minutes
Always expect unexpected.
  • #3,258
  • Aug 19, 2020 11:59am Aug 19, 2020 11:59am
Quoting Skoljkica
Good day to all. Gold could reach 1964.69, where it should find support, so possible pullback from 1986.25 up to 1993.93 to place nice sell with target 1964.69 If price hits 1964.69 it could go up to 1974.63. If that acts as a support, then up to 2004.04/2012.60 But my buy target is still 2048.87. If 1964.69 can't hold, price could go down to 1936.73 maybe even 1898.82 Don't forget FOMC Minutes
agreed from what it looks like once price fell below 1994, 1994 acted as great resistance to knock price below 1987, which in turn knocked price down to 1953, i was expecting 1967, but it happens.

I do see bears g control slowly in my opinion. im thinking we may get a retest of 1979 neckline on a big 4hr hns with tgt going down to 1914. 1979 should knock price back below 1953-56 if this is closed below, could potentially go deeper to 1894-1880
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  • #3,259
  • Aug 19, 2020 12:30pm Aug 19, 2020 12:30pm
Quoting rayoub
{quote} im thinking we may get a retest of 1979 neckline on a big 4hr hns with tgt going down to 1914. 1979 should knock price back below 1953-56 if this is closed below, could potentially go deeper to 1894-1880 {image}
I agree, 1979 (in my calculation 1976) can act as a support or resistance.
If price can't hold 1976 and 1964.69, possible down to 1898 or even 1871? That would be very interesting.
But if 1976 holds, maybe price can make HH of all history (2080 and above).
Always expect unexpected.
  • #3,260
  • Aug 19, 2020 7:50pm Aug 19, 2020 7:50pm
Quoting Skoljkica
{quote} I agree, 1979 (in my calculation 1976) can act as a support or resistance. If price can't hold 1976 and 1964.69, possible down to 1898 or even 1871? That would be very interesting. But if 1976 holds, maybe price can make HH of all history (2080 and above).
Thank you for the awesome tips. However i read them too late in the day and lost some money. As a junior trader im glad I found this thread. I shall be following to get tips and insights about trading gold.
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