tntsunrise
Short

Gold form a wedge ABCDE WAVE

FX:XAUUSD   Gold/U.S. Dollar
7464 77 146
9 months ago
Gold             form a wedge
ABCDE WAVE
The mearued E point is
around 1248
Pay attention to 1237 level as well

1. Sell the E wave
2. Sell the Break of the Wedge
9 months ago
Comment:
snapshot

GET READY TO SHORT
9 months ago
Trade active: SHORT AT 1247
SL 1255
9 months ago
Comment: NICE REVERSAL
IN MONEY FOR 70 PIPS
Join Projack's Student Group, Learn How to Trade Professionally.
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
Awaisquyyom
9 months ago
Good Idea
Reply
forexmech
9 months ago
Nice one
Reply
CFDTradingo PRO
9 months ago
I'd say it would be a risky trade with so much expectation that it will go up.
+1 Reply
tntsunrise TOP CFDTradingo
9 months ago
if you have such expectation.you can long gold.
+1 Reply
tntsunrise TOP CFDTradingo
9 months ago
it's pointless to guess whether it will go down or go up. if it go up, take the risk of 2%, we exit. if it go down, we earn more than 4%.
Reply
tradeview_dahua tntsunrise
9 months ago
wonderful ....
Reply
CFDTradingo PRO tntsunrise
9 months ago
For sure, it's all good. I'm long from 1220 and so far so good
Reply
bkkogre
9 months ago
could also be interpreted as a bullish flag
+1 Reply
tntsunrise TOP bkkogre
9 months ago
flat normally will be a channel , not a wedge
+1 Reply
Timewise if we go up to E in 3-4 days we will break out or maximum come down to the lower leg of the triangle.
Price will not be able to break down from the triangle at the end of next week.

I think if we break down from the triangle it will break down immediately on Monday , or Tuesday the latest.
GOLD COT UPDATE - bearish
+1 Reply
tntsunrise TOP chartwatchers
9 months ago
agree
Reply
f1l1per. PRO
9 months ago
what you are counting as (A) on this pattern is not (A) but the end of precedent impulsive wave. Sorry, this is wrong.
+2 Reply
f1l1per. PRO
9 months ago
(A) should be what you are calling (B), even though i'm not sure if this is really a triangle.
+3 Reply
f1l1per. PRO
9 months ago
But you can be right about the direction of the price without a right analisys
+2 Reply
tntsunrise TOP f1l1per.
9 months ago
Thank you friend. Appreciated if you can show your couting of wave. I am not a EW user, i am simply counting ABCDE in a wedge.
Reply
f1l1per. PRO tntsunrise
9 months ago
oh, i'm sorry, then. Thought you were counting waves. But even from a non EW point of view, this looks more like a bull flag, which indicates uptrend will resume after this. but anyway sorry, i misunderstood your chart.
Reply
jackdandy tntsunrise
9 months ago
Based on EWT counting this should be wave 4 (correction wave) and a potential C wave that is forming before wave 5.

Also, why focus only short when you can focus both directions in this scenario?
Reply
tntsunrise TOP jackdandy
9 months ago
I will long if the upsdie break.
Reply
Csys
9 months ago
Looks rather like a triangle than a wedge.
Reply
tntsunrise TOP Csys
9 months ago
If a wedge 's extension is long enough. it will become a TRI-ANGLE. right?
Reply
Csys tntsunrise
9 months ago
It depends on how you define a wedge. As far as I know, in the classical chart pattern literature, the wedge should point either up or down in a sharp manner, and cannot be a sideways pattern. But you know many places have their own definitions.
Reply
Hey guys, wether this idea proves wrong or right, (this is a market after all) is not the issue here, the point is we should be thankful this gentleman shares is thoughts with us lesser experienced individuals. I for one learn something from every idea and so I am appreciative of everything he publishes.
Reply
tntsunrise TOP deovolanteptyltd
9 months ago
:) welcome
Trade with care
Reply
deovolanteptyltd PRO tntsunrise
9 months ago
Thank you. I'm sure you have thick enough skin to be unaffected by these knobbish comments but they do irritate me.

Thanks again for sharing and please keep up the flow.
+1 Reply
Roy-C
9 months ago
Hi - your A starting point is not right.. it should be where B is now..
Reply
Roy-C Roy-C
9 months ago
please ignore my comment I agree with f1l1per.
Reply
tntsunrise TOP Roy-C
9 months ago
I also agree. perhaps you can share me a screen shot what is the correct wave counting? many thanks
Reply
Roy-C tntsunrise
9 months ago
Your wedge is correct .. just the starting of your ABCDE count is incorrect. You should move your A to the B and start the count there.. but you are right best to trade the break.. but always make sure you wait for the retest..
Reply
tntsunrise TOP Roy-C
9 months ago
I see. Thanks. You mean the A wave is the one Falls from 1263-1190?
Reply
meshaltrainer
9 months ago
did u see long on 1248 ?
Reply
tntsunrise TOP meshaltrainer
9 months ago
if price close above 1253, i will consider to long
+1 Reply
meshaltrainer tntsunrise
9 months ago
all good luck for you
Reply
JigneshRathod
9 months ago
wht do u think of this?
GOLD the POWER OF WAVE ANALYSIS
+1 Reply
tntsunrise TOP JigneshRathod
9 months ago
HaHa. This is chart is from TOP 1 author right?
very possible senario. this can be the alternative trading plan, buy the break out, if gold close above 1253
Reply
JonGray tntsunrise
9 months ago
I think we are looking at a breakout, as we see the bear markets continue.
Reply
anilmangal TOP JigneshRathod
9 months ago
Hi Guys this is the second time since I am on trading view that i will make a comment on someone's chart. I hope this doesn't starts a war! The above chart was to warn traders to wait for the correction before they buy and not a prediction as what the correction will look like. Here is an up date as i see it .
snapshot
Reply
anilmangal TOP anilmangal
9 months ago
As to comments that wave analysis does not work, well what can I say ? live in your ignorance!
+2 Reply
Don_Corleone PRO anilmangal
9 months ago
Thx for your update man.I was surprise to see you comment under someone else chart-that's for sure)I am currently short and gonna hold my position,cuz I also see gold dropping.GL and keep up the good work guys!
Reply
tntsunrise TOP Don_Corleone
9 months ago
Keep your short position, follow your trading plan. Long or Sell , this doesnt' matter, can be both right. as long as we make money before we are stopped out.
Reply
Don_Corleone PRO tntsunrise
9 months ago
That's for sure
Reply
tntsunrise TOP anilmangal
9 months ago
Relax, If people doesn't know how the Wave work, he won't appreciate your work. Your chart is amazing. I respect.
Reply
Bandarsq PRO anilmangal
8 months ago
'this is the second time since I am on trading view that i will make a comment on someone's chart' .. that says a lot about your personality.
Reply
shahrose.ayankhan
9 months ago
Best price to enter and SL ?
Reply
Don_Corleone PRO shahrose.ayankhan
9 months ago
Please ask Mr Anil this question:)He is gonna love it:)
Reply
tntsunrise TOP shahrose.ayankhan
9 months ago
ALREADY UPDATED when i say trade active
+1 Reply
shahrose.ayankhan tntsunrise
9 months ago
thanks. I m in the trade :) Cheers!
Reply
jangseohee
9 months ago
snapshot
+1 Reply
tntsunrise TOP jangseohee
9 months ago
Higher Low, but Higher High only confirm when 1253 is violated
Reply
jangseohee jangseohee
9 months ago
snapshot
Reply
JonGray
9 months ago
I think this Is a pennant Continuation pattern. LONG.
Reply
hussain9 PRO
9 months ago
I think we are forming a triangle wave (4th) after that we will go up for the 5th wave :
snapshot
Reply
tntsunrise TOP hussain9
9 months ago
NICE E.W ANAYLSIS. AGREE if this is the 4th wave.
Reply
newbie2016
9 months ago
what sl. you are using?
Reply
tntsunrise TOP newbie2016
9 months ago
already updated
Reply
osforex PRO
9 months ago
I'm get ready :D
Reply
Miz
9 months ago
Just gone short, thanks for the analysis! lets target that 1140 area!
Reply
osforex PRO Miz
9 months ago
Hi, what your SL..?
Reply
Miz osforex
9 months ago
Havn't set one as of yet, going to keep an eye on it

Reply
Adrian88
9 months ago
Thanks for sharing!
Reply
bilk29
9 months ago
Thank you
Reply
Miz
9 months ago
great analsis! lets ride it down to 1140 bro!
Reply
tntsunrise TOP Miz
9 months ago
lol. let's see
Reply
FawadJawed
9 months ago
waiting for 1237 area :-)
Reply
Miz FawadJawed
9 months ago
its your area now ;)
Reply
FawadJawed Miz
9 months ago
Yup already took 1 ride from 1239 to 1236 now will wait to break 1230
Reply
EfeAltingunes
9 months ago
Thanks for the chart :) learning a lot from you. What is TP1 and TP2 for your short position?? thanks
Reply
tcp007
9 months ago
Have enjoyed reading this analysis over the last day+. Will you maintain shorting over next week(s)? Cheers to you!
Reply
tntsunrise TOP tcp007
9 months ago
yes I will untill i see some reversal price action
Reply
Miz tntsunrise
9 months ago
a break below the current channel would indicate a nice bearish momentum :) for now, short still looks good and looks as thought it will continue dropping
Reply
matchpilot
9 months ago
wow... I'm speechless-- you guys predicted this... what kind of magic is this??? how the heck??? I wish I can give you more than 1 thumb up. I must learn this technical skill. Question though: If I own AUY, NGD or any other stocks-- should I sell them if this continues to go the way you predicted it?
Reply
Miz
9 months ago
Trade is going very well. who sees the 1180 area?
Reply
nl88 PRO
9 months ago
any updates on this trade?
Reply
tntsunrise TOP nl88
9 months ago
update of what?
Reply
tntsunrise TOP tntsunrise
9 months ago
NO SL, NO TP YET. Still hold short position
Reply
nl88 PRO tntsunrise
9 months ago
still downside view ?
Reply
PeterNoppen
8 months ago
I think what you labeled A should be a Wave 3. B=A, C=B and C is still in it's final down move...
Reply
PeterNoppen PeterNoppen
8 months ago
That should be: E is in it's final wave down. After which Gold will take out the previous high.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out