tntsunrise
Short

GOLD upward momentum is gone.

FX:XAUUSD   Gold/U.S. Dollar
4998 21 120
7 months ago
After the NFP
gold             goes up buy did not make a higher high.
So the resistance level 1290-1300 still HOLD.
RSI already told us the upward momentum is gone.
Look the last 4h Candle, it is a bearish engulfing.
My previous Trade Idea is active, I short at the 0.618
Retracement: 1292.
Most likely Gold             will make a double top here.
6 months ago
Comment: Nice Drop, Now is 1279
Win 130 pips
6 months ago
Comment:
snapshot

Going to break the trend line support
6 months ago
Comment: Now is 1264, almost 300 pips.
can take partial profit
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iamgift19
7 months ago
http://www.resourceinvestor.com/2016/05/06/buy-gold-%E2%80%98get-out-stock-market%E2%80%99-warns-guy

what do you think about this article?
Reply
tntsunrise TOP iamgift19
6 months ago
That is for investor. not for trader.
+1 Reply
TemmyJimoh
7 months ago
Would it be too late to short Gold?
Reply
MaryJane
6 months ago
hey tntsunrise..thx for your Analysis....imo the correction we see this moment has just a shortterm consolidating character. The consolidation down to 1270$ was just the minimum correction of the last upmove (1228-1301)..we hitted the 38,2 fibo-retracement. If xau will not trade below the 0,5 fibo respective 61,8% i exspect new Highs, because i clearly see the bullish flag pattern with TP @ 1420
snapshot

my former Analysis:

https://www.tradingview.com/chart/GC1%21/qnHQBIv8-Gold-with-Bullish-Flag-and-1-2-3-Breakout-Chance/
Reply
tntsunrise TOP MaryJane
6 months ago
Thanks for your chart. Your idea is cool if the wave 1 is coorect.
Reply
BanClassic
6 months ago
Is the target 1240?
Reply
MaryJane BanClassic
6 months ago
no , 1420 ;-)
Reply
tntsunrise TOP BanClassic
6 months ago
let me know when you want to buy and where is your SL.
Reply
VForex
6 months ago
There is a gap on 1 hr timeframe , what do you think about it? Those usually have very very high probability rate meaning gold might go back up to fill the gap.
Reply
tntsunrise TOP VForex
6 months ago
yeah there is a gap but it won't change the overall picture
Reply
sami_theauditer
6 months ago
BUT ACCORDING TO WOLFWAVE IT IS FALSE BREAKOUT IT WILL BE UP
snapshot
Reply
tntsunrise TOP sami_theauditer
6 months ago
where is the wolf wave? can you draw it here? tks
Reply
silar.sk3 tntsunrise
6 months ago
nice bro gold and crude thank you
Reply
SailTheWave
6 months ago
Bullish Pattern Creating
Reply
SailTheWave SailTheWave
6 months ago
Seems very clear. what do you think?
Reply
RJHumphries PRO SailTheWave
6 months ago
looks good to me, I shorted this morning, closed out at 1265. Gonna let it roll for a bit, see how it is
Reply
leeeon
6 months ago
What is your TP sir?
Reply
SmilingSword leeeon
6 months ago
if me i would tp at 1255-50 and 1240
Reply
SmilingSword
6 months ago
nice view. seems like it goes pretty well. good job. cheers
Reply
tntsunrise TOP SmilingSword
6 months ago
tks
Reply
JZA80
6 months ago
Any chance it goes to 1250 tomorrow?
Reply
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