tntsunrise
Short

GOLD PRICE ACTION TRADE

FX:XAUUSD   Gold/U.S. Dollar
19067 78 277
24 days ago
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
22 days ago
Comment: Now is 1222. big winner
15 days ago
Comment: 1208 NOW, remember to take some profit
15 days ago
Comment: Guys, remember, I won't suggest you to buy in this area. coz it may break 1200.
10 days ago
Comment: 1200 break as what I expected.
This is a awsome trade!
8 days ago
Comment:
snapshot
3 days ago
Comment:
snapshot
2 days ago
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.
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Related Ideas

hasansahoglu
24 days ago
Serious question, on what grounds you think the gold will plummet to 1130? Is this purely technical?
+7 Reply
namavar hasansahoglu
24 days ago
@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
18 days ago
@hasansahoglu, Jack say before that it doesn't matter what is the reason of fall.
fundemantels changes :)
Reply
Rostand
24 days ago
do you expect it to pullback to 1330? Or theres 61.8 retracement on the down move to 1320?
Thnx!
Reply
natkamon2504
24 days ago
Thank u so much Jack :))

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GoGreen PRO
24 days ago
What do you think after trump?
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MartinX
24 days ago
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
24 days ago
@m4riovolp3, I think he explained very clear in the picture that very long pin + pullback strategy.
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m4riovolp3 PRO CuongTran87
23 days ago
@CuongTran87, I said, not on a TA (technical analysis) point of view :D Fundamental :)
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mlbo m4riovolp3
23 days ago
@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
m4riovolp3 PRO mlbo
23 days ago
@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
23 days ago
@m4riovolp3, I just ask & It costs nothing to ask :D
Reply
livethedream m4riovolp3
22 days ago
@m4riovolp3, Think you're asking the wrong crowd :)
Reply
m4riovolp3 PRO mlbo
23 days ago
@mlbo, just for your information: Dec. 04, 2016 / Referendum in Italy & possible "Italexit" :D that event will be very funny :D
Reply
livethedream m4riovolp3
22 days ago
@m4riovolp3, ...if that happens...could be the real beginning of the end for euro?
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CuongTran87 m4riovolp3
23 days ago
@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
pmcllc PRO
24 days ago
I am with you Jack!
Reply
NihalCassim
24 days ago
Helluva Call....WoW
Reply
vahid...
24 days ago
Thank you for your comments and charts
Please refer to the chart attention and all chart me
see you chart
Reply
ja.piotr.bor
24 days ago
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
23 days ago
@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
m4riovolp3 PRO mlbo
23 days ago
@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
23 days ago
@m4riovolp3, hi again. kannst du mir mehr darüber verraten? ggf literatur im netz dazu? studierst du den kram dort aktiv?
Reply
m4riovolp3 PRO mlbo
23 days ago
@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
TPparadigma mlbo
23 days ago
@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 TPparadigma
23 days ago
@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
livethedream
22 days ago
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
THEREALNUGT
22 days ago
Amagizg everytime. Oil, Nat Gas, Gold, Copper.
Reply
ahmr
22 days ago
hi,this is excellent. i like to know why you take target 1130?thank you
Reply
tntsunrise TOP ahmr
22 days ago
@ahmr, weekly cypher pattern
+4 Reply
LeLMaN tntsunrise
22 days ago
@tntsunrise, You are Best of the Best!!! Tnx.
Reply
Yes, my hero , thank u so much Jack :)
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Cathy Shi
22 days ago
I fu le you! Awesome gold!!
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pmcllc PRO
22 days ago
awesome call!
Reply
Fiboman
22 days ago
my view
snapshot
Reply
tntsunrise TOP Fiboman
22 days ago
nice chart. if the ABC wave is correct. make sure u have SL below 1200
+1 Reply
Fiboman tntsunrise
22 days ago
@tntsunrise, I have it below the ascending thick black line, which pretty much is around 1200!thanx!
Reply
MoneyFlowTrader Fiboman
21 days ago
@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
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MoneyFlowTrader Fiboman
21 days ago
@Fiboman, weekly view
$jnug scaled into Jnug today looking for double bottom on daily
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MoneyFlowTrader
21 days ago
Very Impressive analysis and charting. Props
Reply
TanChinZhe
19 days ago
Hi Jack, i'm seeing 1248 for short position with fib retracement on daily chart. What do you think?
Reply
TREND BROKEN! GOLD Short to 1165 with option to 1130
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snapshot
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m4riovolp3 PRO m4riovolp3
16 days ago
what do u think about that? does it make sense? :D
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aqualoop
15 days ago
didnt u say tap is 1130
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Do you think it's going to move up now?
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Calamity
15 days ago
looks like going to 1170and s&p going to 2248?
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natkamon2504
15 days ago
Thank u so much Jack. U are my Hero :))
Reply
pmcllc PRO
14 days ago
1200 is getting very close last one reached 1202.5...
Reply
Pabloeac
11 days ago
Look Jack $XAGUSD - Posible recorrido para el Oro -
Posible recorrido para el Oro
Reply
natkamon2504
10 days ago
Yea Yea ...Thank u Jack :))
Reply
bertcoin PRO
10 days ago
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 PRO bertcoin
10 days ago
@bertcoin, I think another short entry at 1197
Reply
jujiang
10 days ago
YEH!
Reply
natkamon2504
10 days ago
Hi Jacek could u update pls.
Reply
tntsunrise TOP natkamon2504
8 days ago
@natkamon2504, no need to update. if you already short, just keep it.
+1 Reply
natkamon2504 tntsunrise
8 days ago
@tntsunrise, Thank u so much Jack. :))
Reply
natkamon2504
10 days ago
Gold pull back or not ?
Reply
piptamil
10 days ago
Wishes jack...
Reply
FrancisTsui
9 days ago
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
8 days ago
@FrancisTsui, TNTSUNRISE what do you think is happening now?Is it a pullback up to 1200 and then down?
thank you!
Reply
haug01 PRO
8 days ago
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 PRO haug01
8 days ago
@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.
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TadeMark PRO
8 days ago
Thanks always Master Jack. I came out the Gold earlier in profit.
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Calamity
8 days ago
Jack, why didnt you long gold at 1272, is it too risky?
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I am planning to take a few long positions:
snapshot

Thx for sharing your view as always Jack.GL!
Reply
trilliondollar Don_Corleone
3 days ago
@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
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Don_Corleone PRO trilliondollar
3 days ago
@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.
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trilliondollar Don_Corleone
3 days ago
@Don_Corleone, I meant butterfly with X at 1178.50, completion at around 1173.67 like yours
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Don_Corleone PRO trilliondollar
3 days ago
@trilliondollar, I don't see it there.Anways it does not matter to me,cuz I don't trade them.
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Calamity
3 days ago
jack is short uj and long gold the same?
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Calamity
3 days ago
Jack do you think it will break 1170 based on the small structure trendline?
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AshYo
2 days ago
So bullish is that what you are referring to or it is going to make lower low?
Reply
Calamity
2 days ago
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
happyluckydog
2 days ago
It is afraid that it is headed to check $1000!
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happyluckydog
2 days ago
thanks great master.
Reply
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