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Gold Mining - Using Each Trading Day's Trend

  • #3,821
  • Nov 23, 2020 7:23pm Nov 23, 2020 7:23pm
Gold still droping. What a market!
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  • #3,822
  • Nov 24, 2020 5:32am Nov 24, 2020 5:32am
Hey guys, I just wanted to share my opinion and to hear your feedback.
XAU has been falling strong for the past days(or weeks), but I still think that in a big picture he is still a bull, so I have been buying small lots all the way down.
He is now reaching crucial levels, in terms of old resistance and support.
I'm watching closely the 1810 level and the 1795, cause both demonstrated to be strong levels in the past.
Hope you all have a nice day and hope to hear your thoughts
  • #3,823
  • Nov 24, 2020 2:53pm Nov 24, 2020 2:53pm
Quoting tablo998
Hey guys, I just wanted to share my opinion and to hear your feedback. XAU has been falling strong for the past days(or weeks), but I still think that in a big picture he is still a bull, so I have been buying small lots all the way down. He is now reaching crucial levels, in terms of old resistance and support. I'm watching closely the 1810 level and the 1795, cause both demonstrated to be strong levels in the past. Hope you all have a nice day and hope to hear your thoughts
Yes Tablo998, you are actually correct brother, monthly on a bull market, but putting a simple parabolic SAR on the chart shows from H1 to W1 is now turned bearish.
There is yet to be a bullish signal that has held since last Monday.
This is a powerful bear move for now.
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  • #3,824
  • Nov 24, 2020 8:24pm Nov 24, 2020 8:24pm
Gold eyeing 1777.28/~1775 probably as the last Fibonanci Expansion before resuming the uptrend.
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  • #3,825
  • Nov 25, 2020 8:40am Nov 25, 2020 8:40am
Quoting BiteFX
Gold eyeing 1777.28/~1775 probably as the last Fibonanci Expansion before resuming the uptrend.
On the weekly price appear to drop so sharply.

While I believe we may be witnessing an end of the GOLD RUN, as there are conflicting fundamentals, like Vaccines are out BUT widespread distribution may take up till March - June 2021. If the run is to resume, I expect GOLD TO TOUCH or CLOSE near THE 50 EMA on the Weekly
Jus tryna be a BILLIONAIRE!
  • #3,826
  • Edited 5:33pm Nov 29, 2020 5:14pm | Edited 5:33pm
Trade Idea
Gold still droping heavily. Gapping up at open is a short opportunity to 1781 first, then even 1771.
Stay Alive
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  • #3,827
  • Nov 29, 2020 7:08pm Nov 29, 2020 7:08pm
Quoting BiteFX
Trade Idea Gold still droping heavily. Gapping up at open is a short opportunity to 1781 first, then even 1771. Stay Alive
Reached, next we go to 1771.
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  • #3,828
  • Nov 30, 2020 12:01am Nov 30, 2020 12:01am
Quoting BiteFX
{quote} Reached, next we go to 1771.
Reached... Bearish pressure still strong... We might see 1761.
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  • #3,829
  • Nov 30, 2020 1:02am Nov 30, 2020 1:02am
Quoting BiteFX
{quote} Reached... Bearish pressure still strong... We might see 1761.
Now(1774) an opportunity to short to 1761.
Stay Alive
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  • #3,830
  • Nov 30, 2020 2:26am Nov 30, 2020 2:26am
Another short opportunity @1778... Today's low is in trouble.
The asked for it, now they are in trouble.
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  • #3,831
  • Nov 30, 2020 10:20am Nov 30, 2020 10:20am
Chart Update
Bulls are waking up, 1761 couldn't be broken easily.
Up movement might resume shortly above 1781/1800 levels.
Stay Alive
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  • #3,832
  • Dec 2, 2020 5:28am Dec 2, 2020 5:28am
Chart Update
Bulls seriously on the move.
Long 1828 to 1837 first and then 1849.
Stay Alive
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  • #3,833
  • Dec 2, 2020 7:04am Dec 2, 2020 7:04am
These kinds of bearish pull backs on a bullish move are usually very dangerous.
The algorithm is programmed to take SLs.
With the still moving alive.
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  • #3,834
  • Dec 2, 2020 7:06am Dec 2, 2020 7:06am
Chart Update
Long 1833 to 1837/1849.
Stay Alive
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  • #3,835
  • Dec 2, 2020 7:25am Dec 2, 2020 7:25am
Any price between 1816 and 1825 is also a very good price to go long... My old time ANTIGRAVITY.
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  • #3,836
  • Dec 2, 2020 7:27am Dec 2, 2020 7:27am
Quoting BiteFX
Any price between 1816 and 1825 is also a very good price to go long... My old time ANTIGRAVITY.
Target still remains 1837/1849.
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  • #3,837
  • Dec 2, 2020 9:00pm Dec 2, 2020 9:00pm
Chart Update
Bulls are still moving using. They are trying to use 1828 and 1832 as their base for a rally.
Eyeing 1852/1864.

Stay Alive
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  • #3,838
  • Dec 2, 2020 9:30pm Dec 2, 2020 9:30pm
Quoting BiteFX
Chart Update Bulls are still moving using. They are trying to use 1828 and 1832 as their base for a rally. Eyeing 1852/1864. Stay Alive
Well done Gold
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20201203_042846.jpg Size: 83 KB
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  • #3,839
  • Dec 3, 2020 7:59am Dec 3, 2020 7:59am
https://uk.tradingview.com/chart/XAU...be-a-good-buy/

https://uk.tradingview.com/chart/XAU...-plan-Join-me/

Attached Image (click to enlarge)
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  • #3,840
  • Dec 3, 2020 10:39pm Dec 3, 2020 10:39pm
Quoting BiteFX
Chart Update Bulls are still moving using. They are trying to use 1828 and 1832 as their base for a rally. Eyeing 1852/1864. Stay Alive
Still bullish...we fly Alive. Sote !
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