Gold: A "Golden Opportunity" Is Nearly Upon Us

4 days ago, I published a report on Gold where I said that Gold is "Poised For A Large Move". It was released as a FREE report available to all registered members of my website. I SHORTED Gold as per my analysis. You can get that report here: bit.ly/2amr2wA

It contains a FULL ANALYSIS on Gold from MONTHLY chart on down to the 4HR chart and the reasons why I am seeing it SHORT at this time. But keep in mind as you read that report or are looking at the chart in this post that LONG TERM....I am VERY, VERY BULLISH on Gold! So this is a trade to take some good short term profits while setting up for a MASSIVE opportunity to come later. I will be releasing another comprehensive report on that MASSIVE opportunity when the time comes.

This update chart in this post shows clearly how prices have tested and retested that upper MAJOR DT TL and that TL has held several times. It is again being tested and again it is rejecting prices from advancing further. Prices are also being held in check by the 2.618 crab extension PRZ as well. We should be seeing a nice move down coming soon. A chance to grab some good pips.

I released a similar report on Oil last month before it dropped where I said "USOil: Could We See $30 Again?". And see what happened afterwards? I have other "SPECIAL REPORTS" I have already released as well on GBPUSD and GBPJPY.

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*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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Comment:

Gold post-NFP update:
now looking at a POTENTIAL Bat setting up
but the bat would break the UT TL so may signal for lower prices

Comment:

Gold has dropped just as predicted it would. it has now completed a Bat pattern and should retrace back up somewhat before again dropping:

Comment:

Hope you all stuck with this trade and didn't lose your nerve as it retraced.....now could be starting on the wave (iii) of 3 down....

Comment:

Honestly, how many of you all stuck with this trade through all the whipsaws, price fluctuations and market gyrations? Did you worry? Did you panic? Did your itchy trigger fingers hit your "close order" button as soon as you saw it retrace back up? If you did (and be honest), then you got some work to do on your mental game. Seriously. It's costing you money. Not to mention your sanity.

Anyhow, if you stuck to the trade I gave on this 17 days ago, then you just may be about to be rewarded. Well, you are already being rewarded since you should be in (paper) profit by about +250 pips so far. My members don't panic. I teach the mental game.