Gold Mining - Using Each Trading Day's Trend
3 times lower high knock the door on trend line and last time there is not strong bounce Seems NY prepare to break down if news comes agree with bear however forex is forex {image}and Trump tweets make it very strange sometimes
Hear is a daily chart I draw the trend line from A to B and then extended to C. The price has kissed this line four-time and did not cross unless today, I think it could a sign to bear pressure for next week. {image}
Chart Update As on the chart, there are two major huddles(trendlines) for the bulls to cross above to validate their move upwards. Failure to do that, gives bears the opportunity to see 1914.02 first weekly support and may be 1892.12 first monthly support. {image}
Trade Idea as on the chart. MACD with parameters as it were on the H4 chart is showing more bearish pressure and that bulls are yet to wake up. (We wait until they wake up) Therefore, with my Tweaked Fibo levels, my decisions are on the chart. The market can be deceptive. So I trade what I see. To Stay Alive in this business, we need razor-like flexibility in decision making. We Stay Alive
Trade Idea as on the chart. MACD with parameters as it were on the H4 chart is showing more bearish pressure and that bulls are yet to wake up. (We wait until they wake up) Therefore, with my Tweaked Fibo levels, my decisions are on the chart. The market can be deceptive. So I trade what I see. To Stay Alive in this business, we need razor-like flexibility in decision making. We Stay Alive
Good morning to all. I'm finally back to business. I am looking to go long if 1931.19 can hold, but real confirmation for bullish mode should be if 1946.35 acts as a support. Then I'm expecting price to reach 1973.08 as first bigger resistance. From there pullback down to 1969.14/1962.86 and then up to 1984.82/1999.80 If price can't hold 1931.19 then I'm expecting it to reach 1919.62, possible 1892.90 {image}
{quote} Sell limit was activated, buy limit deleted...I ride till take profit, but if stop loss is hit, lol... This is forex man.
{quote} I really salute to people like this man. Thank you for this eye opener. The last 4 words crack me up yet when I am one on that situation, sometimes going crazy.
