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Gold Mining - Using Each Trading Day's Trend

  • #3,341
  • Sep 2, 2020 1:32am Sep 2, 2020 1:32am
Trade Idea as on the chart.
The last two H4 candle has given an inside bar formation. The bearish move is pregnant with another thrust to probably 1946.64

We Stay Alive
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  • #3,342
  • Sep 2, 2020 1:46am Sep 2, 2020 1:46am
Quoting BiteFX
{quote} It's QuantaMath in tha building ️️️
Quoting rayoub
{quote} glad to hear from you brother hope all is well
Thanks Brothers
  • #3,343
  • Sep 2, 2020 1:54am Sep 2, 2020 1:54am
Here is an update my last H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold1h.png Size: 29 KB

But in Min15 cahrt
Attached Image (click to enlarge)
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The green gorizontal line are importants
The magenta Trend line, if the price cross it I guess next move will the nearest green horizontal trend line:

  1. Find a resistant at this line then the price tend to green trend line near 1955
  2. If the price will cross this line then price will tend to golden trend line at above near 1982

  • #3,344
  • Sep 2, 2020 2:08am Sep 2, 2020 2:08am
Quoting QuantaMath
Here is an update my last H1 chart {image} But in Min15 cahrt {image} The green gorizontal line are importants The magenta Trend line, if the price cross it I guess next move will the nearest green horizontal trend line: Find a resistant at this line then the price tend to green trend line near 1955 If the price will cross this line then price will tend to golden trend line at above near 1982
Ouk...Absorbed.
Thanks Quanta, your insights are helpful.
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  • #3,345
  • Sep 2, 2020 7:36am Sep 2, 2020 7:36am
Bearish H&S on H4 need to closing H4 below 1954
released data made sideway movement
seems very hard to go down
  • #3,346
  • Sep 2, 2020 10:10am Sep 2, 2020 10:10am
Min15 Chart Update
Well the price have crossed the green horizontal line near 1955 and tend to green trend line No.1 near 1937 so this is current support and if it will cross it then the price could tend to the blue rectangle.
The magenta trend line has updated, If the price cross the magenta trend line it will tend to the green trend line No.2 near 1972
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  • #3,347
  • Sep 2, 2020 10:30am Sep 2, 2020 10:30am
Quoting peyman
Bearish H&S on H4 need to closing H4 below 1954 released data made sideway movement seems very hard to go down
Great eyes...It is still dropping man...Thanks for your input, expecting more.
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  • #3,348
  • Sep 2, 2020 10:31am Sep 2, 2020 10:31am
Quoting QuantaMath
Min15 Chart Update Well the price have crossed the green horizontal line near 1955 and tend to green trend line No.1 near 1937 so this is current support and if it will cross it then the price could tend to the blue rectangle. The magenta trend line has updated, If the price cross the magenta trend line it will tend to the green trend line No.2 near 1972 {image}
Nice one Quanta,
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  • #3,349
  • Sep 2, 2020 10:45am Sep 2, 2020 10:45am
As on the Chart
We might see 1892.12 1st monthly support before bulls will recover from the drop. Till end of this week.
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  • #3,350
  • Sep 2, 2020 11:02am Sep 2, 2020 11:02am
Quoting BiteFX
As on the Chart We might see 1892.12 1st monthly support before bulls will recover from the drop. Till end of this week. {image}
But, if bulls move and close above 1948.12...the long term bullish trend might resurge...Just a line of thought.
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  • #3,351
  • Sep 2, 2020 11:14am Sep 2, 2020 11:14am
Hi Guys, using m MA's on the 15Min and 30Min, Price seems poised to close at or beyond 1931, still watching though.

Today was terribly rough for me, BUT I'm alive and still got fuel for tomorrows fight, hopefully, I'll recover diligently.
Jus tryna be a BILLIONAIRE!
  • #3,352
  • Sep 2, 2020 12:10pm Sep 2, 2020 12:10pm
thanks for the great posts quanta and bite sorry haven't posted my son got a little fever, but on daily it looks like this may be the retest of the breakout but I could be wrong, depending where price closes.
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  • #3,353
  • Sep 2, 2020 12:13pm Sep 2, 2020 12:13pm
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  • #3,354
  • Sep 2, 2020 1:02pm Sep 2, 2020 1:02pm
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Bear power
is it enough to break down valid trend line near the 200EMA(1930-1925) on H4 or bounce like multiple times ago?
  • #3,355
  • Sep 2, 2020 4:32pm Sep 2, 2020 4:32pm
Quoting rayoub
thanks for the great posts quanta and bite sorry haven't posted my son got a little fever, but on daily it looks like this may be the retest of the breakout but I could be wrong, depending where price closes. {image} {image}
So sorry man...he's gonna be just fine. Well done brother
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  • #3,356
  • Sep 2, 2020 4:34pm Sep 2, 2020 4:34pm
Quoting peyman
{image}Bear power is it enough to break down valid trend line near the 200EMA(1930-1925) on H4 or bounce like multiple times ago?
Hmmm...
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  • #3,357
  • Sep 2, 2020 4:42pm Sep 2, 2020 4:42pm
Trade Ideas as on the chart.
Ouk,
We expect a modest bullish pull back to about 1956.54-daily resistance or 1952.52-weekly pivot before the bearish leg extends to weekly support 1914.02 till Friday. Or to Monthly support 1892.12.

Pro Tip: This is forex, anything is possible!

We Stay Alive
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  • #3,358
  • Sep 2, 2020 11:17pm Sep 2, 2020 11:17pm
As on the chart,
From that daily resistance-1956.54 down to Daily pivot-1946.04 are still good sell reentry price area.

Stay Alive guys
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  • #3,359
  • Sep 2, 2020 11:34pm Sep 2, 2020 11:34pm
Quoting BiteFX
Trade Ideas as on the chart. Ouk, We expect a modest bullish pull back to about 1956.54-daily resistance or 1952.52-weekly pivot before the bearish leg extends to weekly support 1914.02 till Friday. Or to Monthly support 1892.12. Pro Tip: This is forex, anything is possible! We Stay Alive {image}
Gold poised to reach these levels?
This is Forex, anything is possible!
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  • #3,360
  • Sep 3, 2020 5:59am Sep 3, 2020 5:59am
Quoting BiteFX
As on the chart, From that daily resistance-1956.54 down to Daily pivot-1946.04 are still good sell reentry price area. Stay Alive guys {image}
Still dropping like gravity...
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