Gold Mining - Using Each Trading Day's Trend | Page 201 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #4,001
  • Jan 5, 2021 5:46am Jan 5, 2021 5:46am
I guess the bulls will stop at 1950-1960.
in my opinion there is a strong resistance area
confidence is better
  • #4,002
  • Jan 6, 2021 9:15am Jan 6, 2021 9:15am
LEVELS UPDATE
A break and steady move above 1936.09 will expose bulls more to the upside... But bears breaking and steadying price below 1928.73 will see more downside exposure .

Market now ranging...Stay Alive
Learn... Work Hard... Trade Alone
  • #4,003
  • Jan 6, 2021 11:39am Jan 6, 2021 11:39am
Happy New Year

Here is Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210106_205256.png Size: 40 KB

I think the orange line is an obstacle to downtrend , so if the price cross then the price will tend to middle line of blue channel
Monday gap was crossed the golden trend line so it is another notable trend line and i think there is three scenario for it:

  1. the price will cross it and it will act as resistant line
  2. the price find it as guide line for down trend
  3. or the price find it as support line for upward move

Currently the general trend is down trend with gentle slop inside the blue channel
unless the price tries to break the blue trend line above and then the red horizontal line

  • #4,004
  • Jan 6, 2021 12:18pm Jan 6, 2021 12:18pm
I was waiting all day, but now I'm with the bulls
  • #4,005
  • Jan 6, 2021 12:35pm Jan 6, 2021 12:35pm
Quoting tablo998
I was waiting all day, but now I'm with the bulls
What is the reason?
  • #4,006
  • Jan 6, 2021 12:38pm Jan 6, 2021 12:38pm
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  • #4,007
  • Jan 6, 2021 2:54pm Jan 6, 2021 2:54pm
CHART UPDATE
Bulls haven't finished their move yet. At 1934.03, we look for the directional bias. 1914.03 and 1921.67 are Long reentries respectively.
Stay Alive
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Learn... Work Hard... Trade Alone
  • #4,008
  • Jan 6, 2021 2:56pm Jan 6, 2021 2:56pm
Quoting QuantaMath
Happy New Year Here is Daily chart {image} I think the orange line is an obstacle to downtrend , so if the price cross then the price will tend to middle line of blue channel Monday gap was crossed the golden trend line so it is another notable trend line and i think there is three scenario for it: the price will cross it and it will act as resistant line the price find it as guide line for down trend or the price find it as support line for upward move Currently the general trend is down trend with gentle slop inside the blue channel unless the...
This down trend is so so tricky, but it is what it is brother.
Thank you.
Learn... Work Hard... Trade Alone
  • #4,009
  • Jan 6, 2021 2:58pm Jan 6, 2021 2:58pm
Quoting peace1234
{image}
Peace, Happy New Year... It's been a while.
Learn... Work Hard... Trade Alone
  • #4,010
  • Jan 6, 2021 3:33pm Jan 6, 2021 3:33pm
Quoting tablo998
I was waiting all day, but now I'm with the bulls
Tablo, we also need to see what you are seeing too o... We need the also.
Thanks man.
Learn... Work Hard... Trade Alone
  • #4,011
  • Jan 6, 2021 4:49pm Jan 6, 2021 4:49pm
Hey BiteFx buddy could u plz check these levels for me if they are correctly placed.
Attached Image (click to enlarge)
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Those 00,25,50,75 levels are also drawn
  • #4,012
  • Jan 6, 2021 7:06pm Jan 6, 2021 7:06pm
Quoting OwaisJam
Hey BiteFx buddy could u plz check these levels for me if they are correctly placed.{image}Those 00,25,50,75 levels are also drawn
Alright bro.
Let's cross check...
Attached Image
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  • #4,013
  • Jan 6, 2021 7:11pm Jan 6, 2021 7:11pm
Quoting OwaisJam
Hey BiteFx buddy could u plz check these levels for me if they are correctly placed.{image}Those 00,25,50,75 levels are also drawn
Thanks for sharing man.
Learn... Work Hard... Trade Alone
  • #4,014
  • Jan 6, 2021 11:55pm Jan 6, 2021 11:55pm
Quoting BiteFX
{quote} Alright bro. Let's cross check... {image}
what is that mean bro ? how to read that chart ? im new in this forex :#
  • #4,015
  • Jan 7, 2021 3:20am Jan 7, 2021 3:20am
LEVELS UPDATE
Price locked between 1916.95 and 1924.59.
A break and steady move below 1916.95 will expose bears lower, 1909 first. While a break and steady move above 1924.59 take bulls higher 1936 first.

Stay Alive
Learn... Work Hard... Trade Alone
  • #4,016
  • Jan 7, 2021 3:56am Jan 7, 2021 3:56am
CHART UPDATE
Long still valid until stop loss or take profit.
Attached Image (click to enlarge)
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Learn... Work Hard... Trade Alone
  • #4,017
  • Jan 7, 2021 4:21am Jan 7, 2021 4:21am
Quoting ugank106
{quote} what is that mean bro ? how to read that chart ? im new in this forex :#
Market tries to make support or resistance with these levels if correctly placed.
  • #4,018
  • Jan 7, 2021 4:23am Jan 7, 2021 4:23am
Quoting BiteFX
{quote} Alright bro. Let's cross check... {image}
That means daily levels make more sense
  • #4,019
  • Jan 7, 2021 8:27am Jan 7, 2021 8:27am
Last 3 days were very confusing as i tried s\l and patterns with my manual setup hoping to increase accuracy instead i was more confused than ever the only issue now for me is big stop loss 60+ pips my ratio is fine but u know greed of learning and know how to put tight stop loss is turning into curse i think i should give up on this.
  • #4,020
  • Jan 10, 2021 1:42am Jan 10, 2021 1:42am
Quoting OwaisJam
Last 3 days were very confusing as i tried s\l and patterns with my manual setup hoping to increase accuracy instead i was more confused than ever the only issue now for me is big stop loss 60+ pips my ratio is fine but u know greed of learning and know how to put tight stop loss is turning into curse i think i should give up on this.
Don't give up, brother. We have been experiencing very volatile times and that's when proper trading seems to slip through the cracks. The greatest thing about trading properly is the fact that you will always have enough resource to partake on a winning opportunity when it later presents itself. Fibonacci pivots are everything, sometimes we just risk too much in too little time. This think tank is powerful and filled with great info, all of these people are very well informed and as a community this will allow make sense someday. Stay Alive brother!
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