FX:XAUUSD   Gold/U.S. Dollar
18740 59 242
2 months ago
The last trade on Gold             was stopped at 1169
Which is very essential, coz the price went up
another 10 points after the break out.

Right Now I am thinking of 1199 level
to watch and re-enter a short
a month ago
Comment:
snapshot
a month ago
Comment:
snapshot
a month ago
Comment: watch for the wedge to be broken
a month ago
Comment:
snapshot
a month ago
Comment:
snapshot
a month ago
Comment:
snapshot
a month ago
Comment: From 1120 TO 1192, 180 pips gain
a month ago
Comment: Now is 1185 TP1 is 1167
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MertErten
2 months ago
thanks for the update.

major trend change?

I think over 1200, XAU can be considered bullish.
+5 Reply
arif_awan MertErten
a month ago
Reply
amozb arif_awan
a month ago
@arif_awan, What trading style is this?
Reply
dotumza arif_awan
a month ago
@arif_awan, Jackie Chan all round developed trading
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4xgood
2 months ago
Strange, why you're shorting gold when it is clearly trending up now. Isn't it better to buy pullbacks all the way up?
+6 Reply
XiaoLi 4xgood
a month ago
@4xgood, I am a huge fun of projack. But I think you are right this time
Reply
RAZRus
2 months ago
Jack, what's wrong with this gold short ideas?

I remember your old idea, you looking for longs near 1120
Gold Weekly Cypher Pattern tells us when should we buy gold


Why the plan changed?
+14 Reply
DMK8680 RAZRus
2 months ago
@RAZRus, Have you looked at the gold chart since then? Gold's low was 1122.5 (in Dec) - that's pretty f'ing close. I would guess the 1300's is still be his ultimate target (possibly higher) if you're looking to play it long term but in the intermediate term, there will be ups and there will be downs. It rarely goes in a straight line.
+2 Reply
harryexe RAZRus
2 months ago
@RAZRus, Wow indeed
+1 Reply
aLtinCoCuK
2 months ago
why always short ?
+3 Reply
Daniel.T PRO
2 months ago
It's clearly moving up.
Gold moving up
+4 Reply
NinoGaleotti
2 months ago
The PBOC may have intervened today to prop up the CHYUSD exchange rate, selling USD. Fear might have set in, sending XAUUSD higher. This situation may persist. Shorting may be very profitable, but the situation IMHO requires extra prudence.
+2 Reply
FerminNunez
2 months ago
it looks to me this rally is wave No 1 of a 5 sequence , initiating an uptrend, eventually a corrective No 2 wave will be in place this particular wave will be ending with a higher low maybe Jack is waiting to ride that one I will be watching closely how the sequence develops , IF the next low is below the most recent made in Dec then is the continuation of the downtrend I am oriented more to the upside because
the negative rate of change in price ( momentum ) has been slowing down

Reply
AlperCanbaz PRO
2 months ago
realy ?
Reply
FerminNunez AlperCanbaz
2 months ago
@AlperCanbaz, There are many ways to trade , all valid , I have been trading momentum for quite a long time all I can say I am comfortable , 100 % rate of success... definetely NOT !
I have survived due to risk management and money management , placing a stop loss , moving it accordingly , and risking a prudent amount of Dollars has kept me afloat
+1 Reply
naiveme
2 months ago
Always love your sharing. I'm still bearish on gold too.
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Calamity
2 months ago
Jack what do you think short gold now ? it hit the resistance
Reply
pmcllc PRO
2 months ago
Makes sense
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nadtrading
2 months ago
I have been long since 1130 while most people has been negative, a big long since 1130 and my bet seems to be right. We will break 1200 level also when Trump enter the office.
+2 Reply
Simon_says nadtrading
a month ago
@nadtrading, So why you didn't publish any plots about it?!
Reply
nadtrading Simon_says
a month ago
@Simon_says, I did wrote about it long ago it was a BET and as mentioned when also about President elect Trump was also right like I wrote over it will break 1200 level which it did :)
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ReachMy7Goal
a month ago
Ok Jack, we have reached the target, lets see what is happening. When do we know it is safe to enter short again?
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Simon_says ReachMy7Goal
a month ago
@ReachMy7Goal, I think it will continue going up for a while.

Short term correction before Trump
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nadtrading Simon_says
a month ago
@Simon_says, why would you think it will go down to 1000 level when Trump enters the office? I strongly doubt and think Gold will move up.
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Calamity Simon_says
a month ago
@Simon_says, why your BC is so long lol
Reply
Simon_says Calamity
a month ago
@Calamity, I'm still learning.

Reply
Sharky8899. Simon_says
a month ago
@Simon_says, I think people will be disappointed, they do not understand that his plans will take a long time to play out.
+1 Reply
Simon_says Sharky8899.
a month ago
@Sharky8899., I just think commodities will go down and stock market will continue going up as "Trump will soon be begging the Fed for QE4: Marc Faber".

http://www.cnbc.com/2017/01/10/trump-will-soon-be-begging-the-fed-for-qe4-marc-faber.html
Reply
Sharky8899. Simon_says
a month ago
@Simon_says, I dont know about that. The dollar has a 15year cycle and its just having its last bubble phase, once thats over commodities will do well.
+1 Reply
Simon_says Sharky8899.
a month ago
@Sharky8899., Of course, I may be wrong. Let's wait and watch :)
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investment6300 Simon_says
a month ago
@Simon_says, You need to consider yearly cycles and previous YCL with new YCL higher low means the trend turned to bull
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pmcllc PRO
a month ago
it might be a good time to short
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watsonzou26
a month ago
Did you enter your shorts,Jack?
+2 Reply
happyluckydog
a month ago
thanks a lot.
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TipTipse
a month ago
Hi ProJack :)

I'm still waiting for your opinion.

Best wishes & Thanks
+1 Reply
Francis12345b
a month ago
Bullish to 1250 atleast imo but we could see a minor retracement before then
+2 Reply
SageFXTrading Francis12345b
a month ago
@Francis12345b, I'm in agreement with you :)
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natkamon2504
a month ago
Hi Jack I love to see ur chart ,Thank u :))
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420snoop
a month ago
Thank you sir
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Labworx
a month ago
Agree but only sell under certain conditions.
If they will not appear its best to wait for the retrace to be completed and buy along the weekly trend.
https://www.screencast.com/t/UW4uFUiBkezq

I don't see a sell condition yet.
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Wasa_B
a month ago
Oh! my God !!!!!
+1 Reply
BhaktaBasics
a month ago
Gold can easily move to 1240-1250 region before next leg down. Don't short too early.
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tntsunrise TOP BhaktaBasics
a month ago
@BhaktaBasics, need to break up 1220 first.
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BhaktaBasics tntsunrise
a month ago
@tntsunrise, Yes agree but there is a strong possibility of this occurring with further expected weakness of USD. We could come down to lower channel and then have a final surge towards area noted. If this happens I will keep an eye for further divergences to go short in that area as the move lower will be sizeable. Just my opinion :-)
snapshot
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TipTipse
a month ago
Thank you ProJack ^^

+1 Reply
hasansahoglu
a month ago
Channel seem to be broken now Jack!
+1 Reply
tntsunrise TOP hasansahoglu
a month ago
Reply
hasansahoglu tntsunrise
a month ago
@tntsunrise, still waiting for pull back I suppose? I had a chance to enter at 1206 but I didn't. Hope its not too late ;)
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TipTipse
a month ago
nice chart! you great! #teamProjack :)
+1 Reply
USAS_INC
a month ago
Agree
Preparation Before ECB RATE AHEAD GOLD LEVELS and Zones
Reply
ajschmidt100
a month ago
Re-testing channel!
Reply
TipTipse
a month ago
Hello Projack^^
Trade active or not.
I'm looking forward to seeing your chart.
Thanks
+1 Reply
fiany_syam
a month ago
Jack, are you already on Short position ?
Reply
ajawfi PRO
a month ago
Hey Jack, is this setup invalidated already ? or are you still long ?

Thank you !
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montu3281
a month ago
SORRY TO SAY SIR BUT NONE OF THE CALLS ARE HITTING YR TARGET THESE DAYS
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montu3281
a month ago
SEE GOLD SEE S AND P
+1 Reply
hghodsi montu3281
a month ago
snapshot

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Lacin
a month ago
Nice man...
Reply
Frank Cowperwood
a month ago
The last comment should be "from 1220", not "1120" :-)
Reply
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