Quick Update: Gold: A "Golden Opportunity" Is Nearly Upon Us

FX:XAUUSD   Gold / U.S. Dollar
3738 27 70
Twenty days ago, I posted this post:
Gold: A "Golden Opportunity" Is Nearly Upon Us

And 24 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 still get that report here: http://bit.ly/2amr2wA

Were you patient enough to wait for what I said was going to be Gold             falling down, then right now, you have already been rewarded for your patience as it has dropped almost +350 pips in our trade and will still be seeing more drop coming. But be careful! It isn't going to just drop straight down of course. There will be bumps along the way. One of those bumps is coming soon in the form of a POTENTIAL Bat pattern that prices will reach soon. That Bat completion may trigger a retracement back up to retest the broken TL before dropping again and even more.

If you are in this trade along with me, I would suggest moving your stops to lock in profits.

We recently completed trades in GBPJPY, GBPAUD, GBPUSD and banked over +3500 pips! We still have new and ongoing trades in GBPUSD, GBPAUD, NZDUSD, EURUSD and of course Gold as well as others. What is it worth to you if you could've banked +3500 pips? If you just feel you deserve to be given free trades and let others do all the work for you instead, good luck to you!
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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!

THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!

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Comment: bat completion could've been the end of the wave ( iii) of 3. emphasis on COULD'VE BEEN!
any retrace now could be the wave ( iv).
however, there is the ALT count that says that this is NOT the end of the wave (iii) of 3 and that any retrace is the wave iv of (iii) and the wave 3 is NOT done

Comment: in case you are in this trade, I have already pocketed +359 pips (+718 actual) by closing half my positions leaving the other half to keep running (let winners run!).
Comment: Prices have retraced EXACTLY as I said it would. It has now reached the completed bat's TP1 which is also a minor resistance level. Watch the price action in order to SELL again. In any case, I still have 50% of the original trade still active but have already moved my stops to lock in profits.

Comment: Closed the trade at SP. Total Profits: +582 pips (+1164 pips actual)

And that, folks.... is why we closed 50% yesterday and moved our stops to lock in profits before the speech! Hope you all did well on this trade! My members and I just banked $11,640 on this one trade alone. If you ask them...cost of the subscription was worth it! And that is just ONE of the many profitable trades we've had! How did you do?
Comment: Gold is still heading down in a wave (iii). So DON'T try to BUY yet! And yes, it is TOO LATE to try to SELL and get in on the downtrend because this wave (iii) may be coming to an end soon. By my wave count, it should retrace back up soon in a corrective wave (iv). After that is done, I will be looking to trade the wave (v) back down.

Comment: if you look at my last update, you will see that Gold had moved EXACTLY as I said it would. EXACTLY. When it hit that MAJOR SR Structure on my chart and gave a BUY signal, I told my members to go ahead and BUY and we did at 1310.79. And as of now, we are up +146 pips on this move. Did you all follow my chart?

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Do you think we have more down movement here? I am still holding my DUST, I don't want to sell too early... I have a tendency to do that or buy in a little too early (did that on DUST too)... Thanks :)
I see it now, I had a blond moment, it is late in the US
Thank you for the time taken to prepare this chart and educate us.
you're welcome
Your charts hurt my eyes :( seen less decoration on a christmas tree.
+1 Reply
then close your eyes and throw darts at your chart and trade that way since you obviously don't want to take the time to actually...ummm, WORK!
deankenny EverythingForex
Nah it's alright I'll continue to trade the Rat cuts/hikes, and use banks know supply and demand ;) good luck
then no need to lurk around my charts and issue inane comments, dude. good luck.
deankenny EverythingForex
Good point, it's just that 8 years ago when I started I had charts that looked like this, adament this is what institutional traders charts looked like. It was not until I clearted everything off the screen, looked at the fundamentals and a point on the chart I realised exactly where banks placed thier orders for the forthcoming weeks until the next fundamental news release. I have forever been urging aspiring traders to trade with minimal stuff on the chart, as I will urge you to do the same. Remember MT4 was created by the brokers for the retail traders, the indicators placed within mt4 were placed in there by the brokers, and 95% of retail traders lose, makes sense?
again, read my DISCLAIMER! I'm not getting into any "fundamentals vs technicals" argument with you here. it isn't CONSTRUCTIVE and your comments are not helping anyone. You've been trading for 8 years? I've been trading for 26 years! So I think I know a thing or two. Been around the block more times than I care to count. You don't know what you are looking at on my charts. In fact, it is very simple and devoid of too much fluff. I trade using the KISS principle. Anyway, I appreciate if you keep from posting useless comments that are not related to the discussion of what I posted. Otherwise, you are violating the terms of this website.
EverythingForex PRO EverythingForex
If you want to "PROVE" you know what you are talking about, then please go start your own thread, post your own charts and prove you know what you are doing. Otherwise, it's all hot air.
deankenny EverythingForex
Your right, I should chill, I apologise, my username is deankenny21 on FF if you want to see my charts from the past before I started trading a record companies funds and had to stop posting. Again apologies, keep up the good work.
Sir, i want to why you discounted/ didn't count that big move in gold from 1250-1307, in your analysis. where it was biggest correction in the move. Is there any specific reason for that. or any counting technique.
EverythingForex PRO sanjay.prajapat.311
not sure what you are referring to but if you are referring to from 7/27, I did count that as a wave iii move up
1270 or below sounds good...
Well, that is what I am looking for......but always be aware of the price action and alternate wave counts so that if it reverses, you are prepared to act!
Wow! beautiful analysis. I would love to learn to trade using harmonics. It looks like it takes a lot of time and work! Happy trading!
thanks and yes, it takes work. But anyone who trades thinks this is a "get-rich-quick" scheme and you don't need to work at it is fooling themselves or was sold a bunch of snake oil! This is WORK just like any other profession. Put in the hard work, learn how to trade PROPERLY and you'll be rewarded. Don't do the work, just rely on freebies and hand-out trades and you will find yourself sorely disappointed and blaming everyone but yourself for not doing the work!
saif12 PRO EverythingForex
Your char is wonderful, My only comment, save your energy for analysis rather than answering non sense comments. " those who can not do talk" so let them talking :)
thanks! and you are right....
Interesting, I got that 1333 reversal as well
nice job mate!
EverythingForex PRO Alex.Singletary
thanks! Hope you did well on it also. we had similar and even better trades recently on GBPAUD, GBPJPY and GBPUSD! Hit profits on many others as well.
Alex.Singletary EverythingForex
yep i had showed this chart to others in my chat room after forecasting the same thing and they didnt take it! but here we are :D. Yes those paid well. Keep up the great work and dont let the little guys get in the way
Rallying at 1308 is coming
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