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Gold Mining - Using Each Trading Day's Trend

  • #3,901
  • Dec 17, 2020 11:58pm Dec 17, 2020 11:58pm
CHART UPDATE
Bulls tested upper Bearish channel around 1885 and were rejected sharply. We will see how far this channel can extend.
We would be expecting bulls when the lower channel is invalidated.

We Stay Alive till then.
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  • #3,902
  • Dec 18, 2020 12:57am Dec 18, 2020 12:57am
LEVELS UPDATE
A break and sustained move above 1887 continues bullish movement. While a break and a sustained move below 1876 validates the bearish leg extension.
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  • #3,903
  • Dec 18, 2020 2:30am Dec 18, 2020 2:30am
CHART UPDATE
Bearish channel still valid. And as time goes by, price keeps going down.
But, let's see how far this channel can go.

Stay Alive!
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  • #3,904
  • Dec 18, 2020 7:52am Dec 18, 2020 7:52am
Quoting BiteFX
LEVELS UPDATE A break and sustained move above 1887 continues bullish movement. While a break and a sustained move below 1876 validates the bearish leg extension.
CHART UPDATE
Bulls have managed to break 1887, but what is required next for the bullish continuation is a sustained move above that same level.
Meanwhile, price is currently above our Bearish channel which might come back to hunt the bulls down by breaking and sustaining a move below 1876, otherwise, bears are toasted alive!


Stay Alive and have a great weekend folks.
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  • #3,905
  • Dec 20, 2020 1:42pm Dec 20, 2020 1:42pm
D1 Chart
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** Two dotted horizontal line could be challenging area
** Also there is uncertainty based on new COVID-19 mutation, and maybe this uncertainty will be temporary.
*** I think the market will open at higher price with gap
  • #3,906
  • Dec 20, 2020 2:09pm Dec 20, 2020 2:09pm
Quoting QuantaMath
D1 Chart {image} ** Two dotted horizontal line could be challenging area ** Also there is uncertainty based on new COVID-19 mutation, and maybe this uncertainty will be temporary. *** I think the market will open at higher price with gap
agree, price desire 1905/7.. Mon/Tue i think we will get there.
  • #3,907
  • Dec 20, 2020 5:26pm Dec 20, 2020 5:26pm
HAPPY NEW WEEK FOLKS& COMPLIMENTS OF THE SEASON
LEVELS UPDATE
Nice gap up at market open and running to first resistance at 1884.32. Bearing in mind also that the bears generated a bearish price channel between last week Thursday and Friday together. We expect the bears to close the window and probably return the market into the channel and trend lower by breaking and steadying price below 1878.39

However, a break and steady bullish move above 1888.82 will invalidate bearish pressure and validate the bullish run.

Stay Alive
BiteFX
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  • #3,908
  • Dec 20, 2020 11:20pm Dec 20, 2020 11:20pm
Quoting BiteFX
{quote} CHART UPDATE Bulls have managed to break 1887, but what is required next for the bullish continuation is a sustained move above that same level. Meanwhile, price is currently above our Bearish channel which might come back to hunt the bulls down by breaking and sustaining a move below 1876, otherwise, bears are toasted alive! Stay Alive and have a great weekend folks. {image}
i believe cut the losses by going long... i see this thing going easy 1920...
Extreme gut feeling trader
  • #3,909
  • Dec 21, 2020 12:35am Dec 21, 2020 12:35am
Quoting gatenio
{quote} agree, price desire 1905/7.. Mon/Tue i think we will get there.
done, quick.
let the price do some retrace before scalping long again.
  • #3,910
  • Dec 21, 2020 2:42am Dec 21, 2020 2:42am
H4 chart
If the above trend line will got valid, then personally I will looking for change direction signal pattern in the blue rectangle for instance a double top
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  • #3,911
  • Dec 21, 2020 1:00pm Dec 21, 2020 1:00pm
Quoting BiteFX
HAPPY NEW WEEK FOLKS& COMPLIMENTS OF THE SEASON LEVELS UPDATE Nice gap up at market open and running to first resistance at 1884.32. Bearing in mind also that the bears generated a bearish price channel between last week Thursday and Friday together. We expect the bears to close the window and probably return the market into the channel and trend lower by breaking and steadying price below 1878.39 However, a break and steady bullish move above 1888.82 will invalidate bearish pressure and validate the bullish run....
Hey buddy how are you.
  • #3,912
  • Dec 22, 2020 1:46am Dec 22, 2020 1:46am
Quoting OwaisJam
{quote} Hey buddy how are you.
Am good man...Thank you... already in the spirit of the Season
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  • #3,913
  • Dec 22, 2020 2:00am Dec 22, 2020 2:00am
LEVELS UPDATE
are eyeing 1764. However, they will have to break 1848 first to pave way to 1820 and then 1764.
On the flip side, will be looking to break 1896 first and steady market above 1910 to continue the bullish move.

We Stay Alive
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  • #3,914
  • Dec 22, 2020 2:02am Dec 22, 2020 2:02am
Quoting QuantaMath
H4 chart If the above trend line will got valid, then personally I will looking for change direction signal pattern in the blue rectangle for instance a double top {image}
Yes bro, direction change confirmed...
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  • #3,915
  • Dec 22, 2020 2:10am Dec 22, 2020 2:10am
Quoting BiteFX
{quote} Am good man...Thank you... already in the spirit of the Season
Wish u best of luck...
  • #3,916
  • Dec 22, 2020 11:23pm Dec 22, 2020 11:23pm
LEVELS UPDATE
1870/71 looking to Short there as bulls retrace the market. And then breaking 1864.35 opens the way for today's low to be challenged and go even lower 1848.

However, a break and steady move 1875 will invalidate the bearish movement and validate bull run to 1896, then 1910.

Stay Alive
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  • #3,917
  • Dec 23, 2020 3:25am Dec 23, 2020 3:25am
Quoting BiteFX
LEVELS UPDATE 1870/71 looking to Short there as bulls retrace the market. And then breaking 1864.35 opens the way for today's low to be challenged and go even lower 1848. However, a break and steady move 1875 will invalidate the bearish movement and validate bull run to 1896, then 1910. Stay Alive
Can the continue the thrust from here?
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  • #3,918
  • Dec 23, 2020 3:28am Dec 23, 2020 3:28am
Quoting BiteFX
LEVELS UPDATE 1870/71 looking to Short there as bulls retrace the market. And then breaking 1864.35 opens the way for today's low to be challenged and go even lower 1848. However, a break and steady move 1875 will invalidate the bearish movement and validate bull run to 1896, then 1910. Stay Alive
Got my eyes on you too
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  • #3,919
  • Dec 23, 2020 3:56am Dec 23, 2020 3:56am
Quoting BiteFX
LEVELS UPDATE 1870/71 looking to Short there as bulls retrace the market. And then breaking 1864.35 opens the way for today's low to be challenged and go even lower 1848. However, a break and steady move 1875 will invalidate the bearish movement and validate bull run to 1896, then 1910. Stay Alive
Got a messy chart right about now......but the signal better work.

I Stay Alive...
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  • #3,920
  • Dec 23, 2020 5:41am Dec 23, 2020 5:41am
Quoting BiteFX
{quote} Got a messy chart right about now......but the signal better work. I Stay Alive... {image}
Hey bro could u plz suggest me something where i can read this pivot point spport and resistance daily opens close moving averages all this stuff which traders use.
thank you
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