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Gold Mining - Using Each Trading Day's Trend

  • #3,721
  • Oct 23, 2020 6:08am Oct 23, 2020 6:08am
Quoting Skoljkica
Good morning to all. Pullback down to 1907.70/1905.06/1903.70 would be a nice opportunity to reenter long. If that happens, my targets are: 1910.73 as a first resistance (possible pullback down to 1907.70 from there) 1918.08 as a second resistance and third one I'm expecting today is 1934.85 which seems a little farfetched but is reachable. If price goes straight to 1918.08 without it first makes pullback to 1905.06 I will wait and reconsider my plan.
Selling pressure is rising, so possible down to 1899.31/1897.42. First let's see will 1907.70/1905.06/1903.70 hold.
I started scalp selling at 1911.00.
Always expect unexpected.
  • #3,722
  • Oct 23, 2020 8:57am Oct 23, 2020 8:57am
I'm still selling, no buy for now.
Is price going down to 1878.80? If selling pressure continues, that's my target.

But, if price finds support at 1907.70, I won't sell anymore. I will wait to see where price decided to go.
Always expect unexpected.
  • #3,723
  • Oct 23, 2020 10:35am Oct 23, 2020 10:35am
I'm in buy position at 1906, tp at 1915 but when it reached to 1914, it sharply turned back to 1895
  • #3,724
  • Oct 23, 2020 12:38pm Oct 23, 2020 12:38pm
Quoting Iscarter
Selling from 1905 to 1870 Sl 1913,first entry was at 1925 tp was at 1905 took of well
Re entered after Sl was hit, and now I see a possible drop to 1850
  • #3,725
  • Oct 26, 2020 12:50am Oct 26, 2020 12:50am
Thanks Ray, Skolj and Hon for your concern. We trust that peace be restored and normalcy come back to our economic activity in Nigeria
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  • #3,726
  • Oct 26, 2020 12:52am Oct 26, 2020 12:52am
Bears still mounting pressure at the moment but it's not the end yet looks dicey.
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  • #3,727
  • Oct 26, 2020 1:48am Oct 26, 2020 1:48am
Trade
With the bulls for now, until market proves me wrong.
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  • #3,728
  • Oct 26, 2020 2:53am Oct 26, 2020 2:53am
Quoting BiteFX
Trade With the bulls for now, until market proves me wrong. {image}
1902.58 almost reached, am outta here alive.
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  • #3,729
  • Oct 26, 2020 4:40am Oct 26, 2020 4:40am
Good day to all.

Today I'm prepared for both, buy and sell, but right now I'm more interested in selling gold.

So I'm looking to short at 1897.53 if price finds it as a resistance.
1. target 1889.46
2. target 1872.76
SL tight

However, if price finds 1905.06 as a support I will buy there.
1. target 1912.37
2. target 1921.31
SL tight
Always expect unexpected.
  • #3,730
  • Oct 26, 2020 9:09am Oct 26, 2020 9:09am
Still in buy position on today at 1906, tp 1935, long term position
  • #3,731
  • Oct 26, 2020 9:44am Oct 26, 2020 9:44am
Quoting Skoljkica
Good day to all. Today I'm prepared for both, buy and sell, but right now I'm more interested in selling gold. So I'm looking to short at 1897.53 if price finds it as a resistance. 1. target 1889.46 2. target 1872.76 SL tight However, if price finds 1905.06 as a support I will buy there. 1. target 1912.37 2. target 1921.31 SL tight
I don't see buy option anymore, so I'm looking to short in a range between 1909.27-1904.48
Target remains the same.
Always expect unexpected.
  • #3,732
  • Oct 27, 2020 4:25am Oct 27, 2020 4:25am
Good morning to all

I am shorting gold, I expect one more pullback up to 1901.06/1908.13
My sell orders are at 1899.58
First target 1891.15 from where we could have pullback up to 1894.94
Second target 1881.23

In a range from 1881.23 down to 1872.76 we have a nice cluster support lines.
Since price is already too long in a sell position , I will wait to see is it going to find support around 1872.76, which could be a nice start for tomorrow buy option.
However, if price can't hold 1872.76 I expect 1845.74/1836.30 to be reached.
Always expect unexpected.
  • #3,733
  • Oct 27, 2020 5:43am Oct 27, 2020 5:43am
today scalping gold
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sfc_trade
  • #3,734
  • Oct 28, 2020 4:21am Oct 28, 2020 4:21am
Good morning to all.

I'm expecting pullback up to 1912.24 where I'm planning to short gold.
1. target 1893.17
2. target 1890.23
SL tight

If price can't retest 1912.24 but breaks 1899.79 downwards, I will wait a retest of it or 1902.71 to short.
Always expect unexpected.
  • #3,735
  • Oct 28, 2020 6:01am Oct 28, 2020 6:01am
Gold update:

In my analysis price is currently too stretched in sell mode.
I am looking to buy in a range 1889.46/1893.17

Targets are following:
1896.82
1899.79
1912.24
All those prices can act as a resistance and they are potential short opportunity.

As mentioned in previous post, if price reaches 1912.24 I will look for an opportunity to short, depending on PA. H4 is still in sell mode and that could last couple of hours.
Let's see what market has to offer.
Always expect unexpected.
  • #3,736
  • Oct 28, 2020 8:35am Oct 28, 2020 8:35am
I'm going to try hold out my sells to around 1870 1871 then watch also level for head and shoulder pattern

oops forgot to add
sells at 1921, 1905 and 1900
  • #3,737
  • Oct 28, 2020 8:51am Oct 28, 2020 8:51am
image attached
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  • #3,738
  • Oct 29, 2020 4:25am Oct 29, 2020 4:25am
Good morning to all.

My plan for gold today, I'm prepared for buy and sell, depending on PA:

Price is currently above 1878.80 and if that holds and if price finds 1882.77 as a support I will buy there with TP 1896.40
M15 just turned buy and if that isn't fake signal I'm expecting for my plan to be executed.

If price can't hold 1876.68 I will sell there with TP 1845.74, but first support is at 1872.76

Sell pressure is still strong, so if my buy plan is executed I will look 1896.40 as a sell opportunity, again depending on PA, it is too early to make a decision.
Always expect unexpected.
  • #3,739
  • Oct 29, 2020 5:27am Oct 29, 2020 5:27am
Quoting Skoljkica
Good morning to all. If price can't hold 1876.68 I will sell there with TP 1845.74, but first support is at 1872.76 Sell pressure is still strong, so if my buy plan is executed I will look 1896.40 as a sell opportunity, again depending on PA, it is too early to make a decision.
Let's see will 1876.68 hold. I sold it, now waiting for market to decide the direction.
If price breaks 1878.80, bulls could take over the market. Until then I stick to my sell plan.
Always expect unexpected.
  • #3,740
  • Oct 29, 2020 9:58am Oct 29, 2020 9:58am
Update
Stubborn bulls will try to push back above 1877.13
we take advantage of that before any sell can continue.
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