Gold Mining - Using Each Trading Day's Trend

Quoting BiteFX

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Good Morning and a Happy New Week Folks There was a buy reversal signal below S2 major suppport level during the early hours of today, showing the bulls are fighting back. Now we have a sell reversal signal just below S1. As on the chart. Stay Alive {image}

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Quoting selym_co

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{quote} Good Morning, Does anyone know the fundamental reason behind last night's giant move? Why did the market collapse? I really hate it, when I take just a bit and then the market runs like Forest Gump... Best Regards

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Quoting selym_co

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Hi BiteFX... Thanks God we are surviving I was not able to find any fundamental reasons during my search on the internet (regarding that huge fall)... Anyway...at the moment I am on the BUY side with ultra mega mini LOT size What I expect and estimate is: we are gonna go have a bullish pressure until GMT+3 17:00...then something will change and another Bearish move shall start. {image} The Grey Zone in the picture - I am sure there are looooots of SELL LIMIT orders around that level and MarketMakers know it. So most probably they...

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Quoting BiteFX

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But Selym, you really made cool profit on Friday... That's a very good one... Your analysis have helped a lot of folks here. Thank you job.

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Quoting selym_co

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{quote} Thank you very much for your kind words... It just happens sometimes....unfortunately not all the time That day I closed my profits on ABC target...and the price kept running like Forest Gump and it was so annoying... And now...I closed my BUY orders with Loss...and SOLD it... Time will show everything...Best Regards

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Quoting BiteFX

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{quote} That was a good call man. You are a true market chameleon.

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Quoting selym_co

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{quote} Was lucky again But still, thank you... Closed my SELL Order and survived ... Most probably the price is gonna start running like Forest Gump now .... typical annoying market... Best Regards....see you tomorrow

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Quoting BiteFX

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This is now looking like a reversal to continue move at hidden resistance. Stay Alive... {image}

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Quoting selym_co

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Wuuu...you really pick the bottoms and tops... Are the Bulls stronger than the Bears in your point of view? As far as I remember, whenever a huge fall, like this, happens...Price tests that bottom again... So personally, I am expecting Bears to push the price lower and lower. But since I have to be "mechanical", I am one of the BUYERS at the moment I just arrived home, started cooking and I can see that I am still on the negative side and my TP is Average Daily Range Level (1750ish); and, I am gonna give up and SELL if the price falls down...

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Quoting BiteFX

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Last was a bullish reversal signal at below yesterday's pivot. We now have a potential bull flag following that signal positioned sligtly above today's pivot. Fibo levels are compressed. But, I think we may see R6 based on the bull flag. As on the chart. Stay Alive {image}

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