Gold Mining - Using Each Trading Day's Trend | Page 164 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,261
  • Aug 20, 2020 12:58pm Aug 20, 2020 12:58pm
Gold has been ranging so far today, nice opportunities for swing trading and scalping. stuck between 1944 and 1929 area. 1944 needs to be broken and closed above. 1st tgt would be 1953, 1957, ext to 1967. if 1939 is closed below price should retry 1929 yet again, if broken down then 1914 to 1907 1st tgts.
  • #3,262
  • Aug 20, 2020 1:20pm Aug 20, 2020 1:20pm
I agree with you bro
  • #3,263
  • Aug 20, 2020 3:07pm Aug 20, 2020 3:07pm
Quoting rayoub
Gold has been ranging so far today, nice opportunities for swing trading and scalping. stuck between 1944 and 1929 area. 1944 needs to be broken and closed above. 1st tgt would be 1953, 1957, ext to 1967. if 1939 is closed below price should retry 1929 yet again, if broken down then 1914 to 1907 1st tgts.
1953 reached 1953-57 should be broken now to continue to 1967 if not then 1944 will be retsted to find support.
  • #3,264
  • Aug 21, 2020 5:03am Aug 21, 2020 5:03am
4H chart showing a classic head and shoulders pattern - think it will drop back to 1900s today
would upload a screenshot but not working
  • #3,265
  • Aug 21, 2020 6:01am Aug 21, 2020 6:01am
Quoting woteverwillb
4H chart showing a classic head and shoulders pattern - think it will drop back to 1900s today would upload a screenshot but not working
I am expecting the same within next 6 hours. Waiting is the most boring thing ever ...

Time will show everything - Best Regards
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,266
  • Aug 21, 2020 9:58am Aug 21, 2020 9:58am
Quoting rayoub
{quote} 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 {image}
So as projected 2 days ago, price followed the anlysis pretty well. found support at 1929, went up to 1955 area met resistance and fell towards 1914, and the 4hr 200 ema.

So still paying close attention to the 2 hns patterns illustrated in the 2nd picture,
I will be watching price action around 1944-1953 area if this is broken upwards expect 1966, 1979 to follow
if not will short that area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200821-104235_Gallery.jpg Size: 1,010 KB
Click to Enlarge Name: Screenshot_20200821-104707_MetaTrader 4.jpg Size: 1.6 MB
  • #3,267
  • Aug 21, 2020 2:18pm Aug 21, 2020 2:18pm
Hi

There is still no significant changes in the big picture. Price is moving between two paralell lines. So general trend still appears to be BULLISH.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 39 KB


Maybe Monday we might see some bears, who are gonna attack the lowel resistence of the channel and re-try penetrating it. And according to fundamentals, they do not have that much strength. So, My opinion is:

Trying some small SELLs on monday will make sense
Placing some BUY STOP orders above for any possible BULLs attack would make extra sense

Best Regards

PS: Rayoub, although i understand nothing from your charts, I still look for your comments everyday Thank you very much for your contributions..
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,268
  • Aug 23, 2020 11:52pm Aug 23, 2020 11:52pm
Quoting selym_co
Hi There is still no significant changes in the big picture. Price is moving between two paralell lines. So general trend still appears to be BULLISH. {image} Maybe Monday we might see some bears, who are gonna attack the lowel resistence of the channel and re-try penetrating it. And according to fundamentals, they do not have that much strength. So, My opinion is: Trying some small SELLs on monday will make sense Placing some BUY STOP orders above for any possible BULLs attack would make extra sense Best Regards PS: Rayoub, although i understand...
lol thanks Selym, I apologize my charts are sometimes a bit confusing looking but hopefully my explanations are a little bit easier to get.
And I appreciate your contributions as well! I will post my analysis when I get up would like to see how the next few hours play out
  • #3,269
  • Aug 24, 2020 3:38am Aug 24, 2020 3:38am
Hello gold miners...I trust you guys have been doing terrific.
Now, am back, so lets continue with other gold miners here who have been providing invaluable trading ideas everyday. They have been amazing.
Ray' I see you... Mr. Messy chart, but full of market insight.
And to other great traders here well done Job
Learn... Work Hard... Trade Alone
  • #3,270
  • Aug 24, 2020 3:41am Aug 24, 2020 3:41am
Trade Ideas as on the chart.
Stay Alive...

Pro Tip: No assumptions, trade what you see. Follow the market at key levels.
Attached Image (click to enlarge)
Click to Enlarge Name: 20200824-093312.png Size: 121 KB
Learn... Work Hard... Trade Alone
  • #3,271
  • Aug 24, 2020 5:06am Aug 24, 2020 5:06am
This formation seems to have the potential to carry the price to really upper levels..

Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 174 KB
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,272
  • Aug 24, 2020 6:10am Aug 24, 2020 6:10am
Hi guys, I will be away this week, have some private obligations. I hope I will be back next week.
Keep up the good work.
Always expect unexpected.
  • #3,273
  • Aug 24, 2020 6:13am Aug 24, 2020 6:13am
Quoting selym_co
This formation seems to have the potential to carry the price to really upper levels.. Best regards {image}
Your fine tuning is powerful!!!
Learn... Work Hard... Trade Alone
  • #3,274
  • Aug 24, 2020 6:16am Aug 24, 2020 6:16am
Quoting BiteFX
{quote} Your fine tuning is powerful!!!
I didnt intend to be rude - sorry

Best Regards
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,275
  • Aug 24, 2020 6:18am Aug 24, 2020 6:18am
Quoting Skoljkica
Hi guys, I will be away this week, have some private obligations. I hope I will be back next week. Keep up the good work.
Please do brother...
Learn... Work Hard... Trade Alone
  • #3,276
  • Aug 24, 2020 6:21am Aug 24, 2020 6:21am
Quoting selym_co
{quote} I didnt intend to be rude - sorry Best Regards
No Selym... You're wrong!
We need more of such analysis.
Well done job man
Learn... Work Hard... Trade Alone
  • #3,277
  • Aug 24, 2020 7:18am Aug 24, 2020 7:18am
Quoting BiteFX
Trade Ideas as on the chart. Stay Alive... Pro Tip: No assumptions, trade what you see. Follow the market at key levels. {image}
Looking good at the moment...Sote
Attached Image (click to enlarge)
Click to Enlarge Name: 20200824-131558.png Size: 126 KB
Learn... Work Hard... Trade Alone
  • #3,278
  • Aug 24, 2020 8:11am Aug 24, 2020 8:11am
Market is back to MIDPOINT and BREAKOUT... a good Long re-entry if you were not on board the flight before.
Stay Alive
Learn... Work Hard... Trade Alone
  • #3,279
  • Aug 24, 2020 10:29am Aug 24, 2020 10:29am
Quoting BiteFX
Trade Ideas as on the chart. Stay Alive... Pro Tip: No assumptions, trade what you see. Follow the market at key levels. {image}
Market went to retest lower BREAKOUT, but I will sell only and after SELL LEVEL is reached.
Learn... Work Hard... Trade Alone
  • #3,280
  • Aug 24, 2020 10:47am Aug 24, 2020 10:47am
Quoting rayoub
{quote} So as projected 2 days ago, price followed the anlysis pretty well. found support at 1929, went up to 1955 area met resistance and fell towards 1914, and the 4hr 200 ema. So still paying close attention to the 2 hns patterns illustrated in the 2nd picture, I will be watching price action around 1944-1953 area if this is broken upwards expect 1966, 1979 to follow if not will short that area {image} {image}
So good late morning all!!! Hope were doing well i see you back bite wont lie brother motivation to post diminishes when you leave the thread. although I have honestly been trying to post once a day to keep us alive. Anyways from what I've seen my analysis from Friday is still being followed, I had expected a retest of 1914, and then a bullish movement back towards 1957, this has been completed.

I believe bears will have this unless 1966 is broken and closed nicely above. if not expecting price to go lower to test other support levels.
1907, even potentially down to 1864
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200824-114720_MetaTrader 4.jpg Size: 1.3 MB
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