tntsunrise
Short

GOLD PRICE ACTION TRADE

FX:XAUUSD   Gold / U.S. Dollar
GOLD             PRICE ACTION TRADE
1331-1343.56 is the previous structure

A very long Pin shows very strong selling pressure

Trump Won the election , gold             rally first then drop.

I am still bearish on gold             and for next few months,
I will keep one strategy only:
Short the pull back
Long term Gold             Target is 1130
Comment: Now is 1222. big winner
Comment: 1208 NOW, remember to take some profit
Comment: Guys, remember, I won't suggest you to buy in this area. coz it may break 1200.
Comment: 1200 break as what I expected.
This is a awsome trade!
Comment:
snapshot
Comment:
snapshot
Comment: Short term Buying Trade hit Break-even Stop loss at 1179.

Now gold makes lower low. exit all long position

Still keep the long term short position.
Join Projack's Student Group:
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
QQ Group: 609224828
Serious question, on what grounds you think the gold will plummet to 1130? Is this purely technical?
+7 Reply
namavar hasansahoglu
@hasansahoglu, i think trump is focusing on industry and expand it, , unemployment decline, stock market will growth due to industry performance and investors will me more interested to leave gold and join to stock market to trade shares.
Reply
AhmedKhattab hasansahoglu
@hasansahoglu, Jack say before that it doesn't matter what is the reason of fall.
fundemantels changes :)
Reply
do you expect it to pullback to 1330? Or theres 61.8 retracement on the down move to 1320?
Thnx!
Reply
Thank u so much Jack :))

Reply
What do you think after trump?
Reply
Sir, is the long Pin your only reason for this conclusion ? i look at your chart see long Pins which were followed by higher highs. Can you please explain?
+5 Reply
Tell us why Gold is short... not on TA view... please... :)
Reply
CuongTran87 m4riovolp3
@m4riovolp3, I think he explained very clear in the picture that very long pin + pullback strategy.
Reply
m4riovolp3 PRO CuongTran87
@CuongTran87, I said, not on a TA (technical analysis) point of view :D Fundamental :)
Reply
mlbo m4riovolp3
@m4riovolp3, in my opinion it is a matter of believe whether you trade along wth fundamentals or technical analysis. what is fundamental? that now trump is a risk to mankind and therefor gold needs to rise in price? is that reasonable? is that fundamental? is it a good reason to buy gold because you look at fundamental gold data telling you that the bigger players on the market have this and that higher or lower interest in accumulating gold? others, - like myself - believe that the gold chart you see is the only truth because it reflects all the lies, all the truth, all the manipulation all the interest and development in gold that happened while "fundamental" data is very much likely to be published in a way the publisher wants it to look like. this cant happen with a chart. and every market has patterns that repeat itself. what is the better / more acurate source of information about a person? a 5 pages asssay his/her friend wrote about you just yesterday or a detailed list of your location/mood/bankaccountbalance tracked for the last 10 years? which is more likely to give you a good hint where to meet him/her tomorrow 11 in the morning and how much money she/he has in her pocket that you could steal (risk to reward....)

this pinbar can be but should not be the only reason to short gold. there are other reasons in the chart. and at least the pinbar gives you a easy idea where to place your stopps.
+1 Reply
@mlbo, nice opinion. Nice statement, but I prefer to avoid debates respectively it's not the answer to my question :) So, please, can someone explain to me, from a fundamental point of view (not TA), why GOLD is a short... What reasons speak for this direction? objectively & factual, please...
Reply
m4riovolp3 PRO m4riovolp3
@m4riovolp3, I just ask & It costs nothing to ask :D
Reply
livethedream m4riovolp3
@m4riovolp3, Think you're asking the wrong crowd :)
Reply
@mlbo, just for your information: Dec. 04, 2016 / Referendum in Italy & possible "Italexit" :D that event will be very funny :D
Reply
livethedream m4riovolp3
@m4riovolp3, ...if that happens...could be the real beginning of the end for euro?
Reply
CuongTran87 m4riovolp3
@m4riovolp3, ah i missed it mate, so my opinion for short is because it rumors Trump win that Gold will up and lots of people believe it. Do you think how about the banks or the fund managers think ? They will take the money of the crowd at the period the people know 100% Trump win.
Reply
I am with you Jack!
Reply
Helluva Call....WoW
Reply
Thank you for your comments and charts
Please refer to the chart attention and all chart me
see you chart
Reply
Still short? Any rebounce ? I thought about small long around 1260-65...
Reply
my point of view - TRUMP will bring the inflation back :D
After Trump XAUUSD Gold up to 1375-80 long
Reply
mlbo m4riovolp3
@m4riovolp3, definitly nothing personal. dont get me wrong bbut the way you plot the I II II IV V waves make no sense to me. you want this to be what? a 5-wave correction? a 5 wave impulse move?
makes few sense in the big picture to me. but maybe i am wrong. again: i am not picking at you. just wondering ...
+1 Reply
@mlbo, this has nothing to do with EW or Wolfes :) it's a new, customized (in a german university developed) TA method - so don't worry if you can't understand :)
Reply
mlbo m4riovolp3
@m4riovolp3, hi again. kannst du mir mehr darüber verraten? ggf literatur im netz dazu? studierst du den kram dort aktiv?
Reply
@mlbo, sry I've only PDF sheets... :D and, by the way: I'm working & enjoying ma life as a professional, since 10-years in trading floors & investment banks... and I love it :D
Reply
@mlbo, It's said that if you let 3 wave traders in one room, they all will come out with different waves! Peace out bro.
+1 Reply
mlbo MetalCruisers
@TPparadigma, yeah. haha. right. whatever works for the trader is good. A good way to find at least the trend change is hidden divergence. have a lok at it.
Reply
Great call. Wonder if we get decent support at 1205 because of previous structure and see bounce back up to 1300 before lower breakdown eventually?
Reply
Amagizg everytime. Oil, Nat Gas, Gold, Copper.
Reply
hi,this is excellent. i like to know why you take target 1130?thank you
Reply
@ahmr, weekly cypher pattern
+4 Reply
LeLMaN tntsunrise
@tntsunrise, You are Best of the Best!!! Tnx.
Reply
Yes, my hero , thank u so much Jack :)
Reply
I fu le you! Awesome gold!!
Reply
awesome call!
Reply
my view
snapshot
Reply
nice chart. if the ABC wave is correct. make sure u have SL below 1200
+1 Reply
Fiboman tntsunrise
@tntsunrise, I have it below the ascending thick black line, which pretty much is around 1200!thanx!
Reply
@Fiboman, I have a similar buy zone based off my Daily & Weekly Technical analysis
$jnug Prev Daily Sell Signal could act as support for gold
Reply
@Fiboman, weekly view
$jnug scaled into Jnug today looking for double bottom on daily
Reply
Very Impressive analysis and charting. Props
Reply
Hi Jack, i'm seeing 1248 for short position with fib retracement on daily chart. What do you think?
Reply
m4riovolp3 PRO m4riovolp3
what do u think about that? does it make sense? :D
Reply
didnt u say tap is 1130
Reply
Do you think it's going to move up now?
Reply
looks like going to 1170and s&p going to 2248?
Reply
Thank u so much Jack. U are my Hero :))
Reply
1200 is getting very close last one reached 1202.5...
Reply
Look Jack $XAGUSD - Posible recorrido para el Oro -
Posible recorrido para el Oro
Reply
Yea Yea ...Thank u Jack :))
Reply
I am on the sidelines, but agree it will go lower. Do you think the next shorting opportunity pullback will be around 1201?
Reply
GoGreen bertcoin
@bertcoin, I think another short entry at 1197
Reply
YEH!
Reply
Hi Jacek could u update pls.
Reply
tntsunrise TOP natkamon2504
@natkamon2504, no need to update. if you already short, just keep it.
+1 Reply
natkamon2504 tntsunrise
@tntsunrise, Thank u so much Jack. :))
Reply
Gold pull back or not ?
Reply
Wishes jack...
Reply
What is your view now, is it heading up to 1200 thereabout? Still some sell pressure this morning and early afternoon,now looks like edging up
Reply
MARGEO FrancisTsui
@FrancisTsui, TNTSUNRISE what do you think is happening now?Is it a pullback up to 1200 and then down?
thank you!
Reply
As always, your work is great and I appreciate it. DXY now shows a triple top on the 15 minute chart and is falling through support at 101.4. EURUSD and AUX are turning up as expected with USD weakness. JPYUSD remains nearly identical to AUX. Can you do posts or give us your thoughts on DXY and EURUSD for us?
Thanks,
Frank
Reply
@haug01, Actually, you have a great DXY post from yesterday/earlier today. I am short DXY and long AUX with modest gains. Stop losses in place for tiny losses.
Reply
Thanks always Master Jack. I came out the Gold earlier in profit.
Reply
Jack, why didnt you long gold at 1272, is it too risky?
Reply
I am planning to take a few long positions:
snapshot

Thx for sharing your view as always Jack.GL!
Reply
trilliondollar Don_Corleone
@Don_Corleone, long-ed at the same price as you :D, theres also a butterfly pattern I think? Am still a newbie by the way
Reply
Don_Corleone PRO trilliondollar
@trilliondollar, There is a bit lower,but I don't trade them.I like this level and was waiting for it for quite some time.If my stop is gonna be hit,then I will revaluate and wait for another long opportunity.GL.
Reply
trilliondollar Don_Corleone
@Don_Corleone, I meant butterfly with X at 1178.50, completion at around 1173.67 like yours
Reply
Don_Corleone PRO trilliondollar
@trilliondollar, I don't see it there.Anways it does not matter to me,cuz I don't trade them.
Reply
jack is short uj and long gold the same?
Reply
Jack do you think it will break 1170 based on the small structure trendline?
Reply
So bullish is that what you are referring to or it is going to make lower low?
Reply
Jack, how could u keep them long term , i found it difficult to keep it long term, i exit xau short and uj long like 1 and half weeks after election
Reply
It is afraid that it is headed to check $1000!
Reply
thanks great master.
Reply
if you have a time just look at what this man did with GOLD orders - https://consiliuminvest.com/strategies/43-long-term-investment only 4 orders, small stop loss - 1-2%. Perfect grid with gold
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out