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Gold Mining - Using Each Trading Day's Trend

  • #3,961
  • Dec 28, 2020 9:22am Dec 28, 2020 9:22am
Quoting BiteFX
CHART UPDATE Bulls have rejected price from 1869.26 and bears fighting back around 1895... Let's see who wins the battle. Bears have to pierce 1885.48 to show they mean business,while the bulls will have to break and continue above today's high to show they are in control. {image}
This kijun-sen looks like a Head and Shoulders pattern...are you thinking what am thinking?
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  • #3,962
  • Dec 28, 2020 9:25am Dec 28, 2020 9:25am
This is Forex, anything is possible
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  • #3,963
  • Dec 28, 2020 10:10am Dec 28, 2020 10:10am
[quote=BiteFX;13332971]CHART UPDATE Bulls have rejected price from 1869.26 and bears fighting back around 1895... Let's see who wins the battle. Bears have to pierce 1885.48 to show they mean business,while the bulls will have to break and continue above today's high to show they are in control.{image}[/quote]

Mean business indeed...but, this is Forex, anything is possible!
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  • #3,964
  • Edited 7:52pm Dec 28, 2020 3:18pm | Edited 7:52pm
LEVELS UPDATE
To continue this bearish pressure, 1867.60 has to be broken with price steadying below and extending further to 1855.02, and then eyeing 1764.02.
Bulls will have to challenge 1882.62 first, and gaining that level to steady price above it will extend the bullish move to 1895.51 first, then probably 1910.00.

Stay Alive
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  • #3,965
  • Dec 28, 2020 6:36pm Dec 28, 2020 6:36pm
D1 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201229_040047.png Size: 35 KB
The market is fluctuating inside the viole channel.
  • #3,966
  • Dec 28, 2020 7:46pm Dec 28, 2020 7:46pm
CHART UPDATE
Bulls are currently challenging 1882.62, but can they secure that area? 1885.48 joins this area as resistance.
Support below that Bears must challenge and dominate first are 1874.91 and 1872.38, then steady price below if any meaningful move is to happen today.

We Stay Alive
Attached Image (click to enlarge)
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  • #3,967
  • Dec 29, 2020 2:19am Dec 29, 2020 2:19am
Quoting BiteFX
CHART UPDATE Bulls are currently challenging 1882.62, but can they secure that area? 1885.48 joins this area as resistance. Support below that Bears must challenge and dominate first are 1874.91 and 1872.38, then steady price below if any meaningful move is to happen today. We Stay Alive {image}
First resistance conquered by the bulls. Aiming for the next.
But, I will be looking to Short 1890 area given price action because, today's gap at open is yet to be closed.
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  • #3,968
  • Dec 29, 2020 2:23am Dec 29, 2020 2:23am
Quoting BiteFX
{quote} First resistance conquered by the bulls. Aiming for the next. But, I will be looking to Short 1890 area given price action because, today's gap at open is yet to be closed.
Or
Go Long after the Window is closed around 1872 area while observing price action.
Either way, I make alive.
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  • #3,969
  • Dec 29, 2020 2:34pm Dec 29, 2020 2:34pm
CHART UPDATE
Today has been very choppy. and fight.
But, with this bullish channel, I hope to squeeze some pips before the month ends on Thursday. 1880-1890.
Might just be a straight runaway market at open tomorrow.

I Stay Alive
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  • #3,970
  • Dec 29, 2020 5:16pm Dec 29, 2020 5:16pm
LEVELS UPDATE
Bulls have defended 1876 region... But, how high can they go?
1931 is projected. Can the achieve that level before month end or in the new year 2021?
I watch alive.
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  • #3,971
  • Dec 29, 2020 5:57pm Dec 29, 2020 5:57pm
Quoting BiteFX
CHART UPDATE Today has been very choppy. and fight. But, with this bullish channel, I hope to squeeze some pips before the month ends on Thursday. 1880-1890. Might just be a straight runaway market at open tomorrow. I Stay Alive {image}
CHART UPDATE
Following the previous bullish channel, another bullish trend line is generated following a failed bearish trend line.
Therefore, I have gone full position on the Long.

I Stay Alive
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  • #3,972
  • Dec 29, 2020 7:43pm Dec 29, 2020 7:43pm
Quoting BiteFX
{quote} CHART UPDATE Following the previous bullish channel, another bullish trend line is generated following a failed bearish trend line. Therefore, I have gone full position on the Long. I Stay Alive {image}
CHART UPDATE
All entries looking good at the moment...Sote
Attached Image (click to enlarge)
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  • #3,973
  • Dec 29, 2020 7:46pm Dec 29, 2020 7:46pm
Quoting BiteFX
{quote} CHART UPDATE All entries looking good at the moment...Sote {image}
Let's see if Bulls can beat it. 1890/1893 on sight.
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  • #3,974
  • Dec 29, 2020 7:57pm Dec 29, 2020 7:57pm
A Line of Thought
Just as the clouds can be deceptive, so is the Ichimoku Kinko Hyo cloud. So, I removed it.

You might want to try it out as well, while studying price relationship with the other guys:- Tenkan-Sen plus Kijun-Sen and thank me later.

Below is the set up on a white background mt4 platform.

BiteFX
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  • #3,975
  • Dec 29, 2020 11:47pm Dec 29, 2020 11:47pm
CHART UPDATE
defending 1885 area with a very sharp drop against the bulls. This might be a strong thrust.
Attached Image (click to enlarge)
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  • #3,976
  • Dec 29, 2020 11:54pm Dec 29, 2020 11:54pm
Quoting BiteFX
CHART UPDATE defending 1885 area with a very sharp drop against the bulls. This might be a strong thrust. {image}
Or
Might just want to scare the feint hearted
I Stay Alive...
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  • #3,977
  • Dec 30, 2020 12:19am Dec 30, 2020 12:19am
Quoting BiteFX
CHART UPDATE defending 1885 area with a very sharp drop against the bulls. This might be a strong thrust. {image}
CHART UPDATE
With chart giving a broadening formation, it means market could go anywhere. Hence, I've gone with the bears @ 1881...They seem to mean business.
But, this is Forex, anything is possible!
Attached Image (click to enlarge)
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  • #3,978
  • Dec 30, 2020 12:34am Dec 30, 2020 12:34am
LEVELS UPDATE
1886 and 1876 are in view.
A break and steady price move above 1886 will invalidate this bearish movement and continue bullish movement.
While a break and steady price movement below 1876 will validate this bearish pressure.

Stay Alive
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  • #3,979
  • Dec 30, 2020 2:21am Dec 30, 2020 2:21am
Quoting BiteFX
{quote} CHART UPDATE With chart giving a broadening formation, it means market could go anywhere. Hence, I've gone with the bears @ 1881...They seem to mean business. But, this is Forex, anything is possible! {image}
Stubborn bulls almost took my safe protected Profit... That's what they always do, this is Forex, anything is possible!
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  • #3,980
  • Dec 30, 2020 3:09am Dec 30, 2020 3:09am
CHART UPDATE
Switched to Long since the bears couldn't break today's low, and the bulls are creeping up on them.
This is Forex, anything is possible man!
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