tntsunrise
Long

Gold Weekly Cypher Pattern tells us when should we buy gold

FX:XAUUSD   Gold/U.S. Dollar
13051 78 279
8 months ago
Gold             Interesting Discovery
Today I look at the weekly chart of gold             .
and I suddently realize that Gold             may
form this potential Cypher Pattern in a long run

Lots of people asking me:
JACK,what is your view for GOLD             , should I buy it now?

I will use this chart to tell them:
Best Buying Level will be 1116.60

The completion time will be some where in
2017 Feb-Apr
Don't guess what kind of even will drive gold             to that low
but I will be interested to buy gold             at that cheap price.
5 months ago
Comment:
snapshot
4 months ago
Comment:
snapshot

any one who still remember this?
3 months ago
Comment: NOW IS 1140
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profprof
8 months ago
global fundamentals dont support a move going that low, imo
+1 Reply
tntsunrise TOP profprof
8 months ago
yeah, not supporting now, but the global fundamentals may change in the future right?
it's just like before the BREIXT, any fundamental support gold to 1370? but the BREXIT truly happens and drive gold to that high and then peopls start to find the answer, now because the UK is going to leave EU, so the fundamental is supporting gold to be at 1370.
+9 Reply
tntsunrise TOP profprof
8 months ago
As I said, I don't care what kind of fundamental events will drive gold to that level, but I will be the buyer to buy gold at that level.
you see the difference?
I am not concering how and why gold will go to that level, i am conering how I trade the market.
+11 Reply
MichaelNweke tntsunrise
8 months ago
It all depends with the US data and market sentiment towards the US economy based on data and the Federal Reserve's view of the economy. Example, if the US CPI keep rising in the coming months and employment keep improving every month, the "Federal Reserve's view" will change from "somewhat improving" to "improving economy" and that will drop the Gold before december rate desision. Please Jack remember this.
Reply
tntsunrise TOP MichaelNweke
4 months ago
+4 Reply
Nightstar profprof
8 months ago
I agree with profprof on this one and it doesn't matter whether you believe in the Fundamentals or not Jack. Cycle Analysis and Sentiment don't support that move either.. In fact, Gold will not be re-visiting $1200 anytime soon. If anything, this current IC will take us all the way up to $1500 first before we see any significant correction in the precious metals.
Reply
tntsunrise TOP Nightstar
5 months ago
GOLD BREAKS DOWN 1300. any fundamental change?
+2 Reply
tntsunrise TOP Nightstar
4 months ago
@Nightstar,
snapshot
now is 1221
+2 Reply
PhilippeRitchot tntsunrise
4 months ago
@tntsunrise, you let your actions talk jack!!! well done :)
+1 Reply
tntsunrise TOP profprof
5 months ago
what is ur fundamental view now?
+1 Reply
tntsunrise TOP profprof
4 months ago
@profprof,
snapshot
wat u think now? any fundamental change?
+2 Reply
Nightstar tntsunrise
4 months ago
@tntsunrise Gold was consolidating just above the 200 WMA and was headed up to $1400 back in Aug/Sep, and then the Bullion Banks stepped in and manipulated Gold on October 4th with a tremendous contract dump. There have been numerous articles written about it - google it and see for yourself! Manipulation isn't Fundamental.. it's Criminal behaviour! I still doubt $1120 on your chart, but will give you 'kudos' if it happens.

Best of luck and enjoy your winnings my friend :)
Reply
tntsunrise TOP Nightstar
4 months ago
@Nightstar, last time u are sayting ths IC or sentiment won't support gold to revisit 1200. and now it happens. is the IC or sentiment analysis wrong? are they helping you in terms of trading?
Reply
profprof tntsunrise
4 months ago
@tntsunrise, yes huge fundamental change.. did you predict trump win?
Reply
tntsunrise TOP profprof
4 months ago
@profprof, I dun need to predict trump will win or not. My trading is never based on these "news" or "event".

Did I mention anything about the fundamental? No.
It's you who dun blieve the fundamental will support the gold to go down, but the fact is, u dun really need to find a reason from the fundamental to give you a trading idea.
Key Thing is: Trade Idea. go check the fundamental changes all the time, how many of times they are helping you with a good trade?
+2 Reply
tntsunrise TOP profprof
3 months ago
@profprof, I think now you have known what kind of the fundamentals support this .
+1 Reply
arif_awan profprof
3 months ago
Reply
TTGold
8 months ago
TNTSunrise. Golden thoughts written in golden words. Ditto sir.
Reply
jujiang
8 months ago
i will mark this point and always short at the high level. thanks!
Reply
alien
8 months ago
FED aggresive rate hike may force Gold to reach that level.
Reply
ReneK
8 months ago
snapshot

hahaha Best buying ? Why you should wait for that ?
+2 Reply
tntsunrise TOP ReneK
5 months ago
the trend line is broken now.
snapshot
+3 Reply
albertwt tntsunrise
5 months ago
So what does it means by the broken trendline ?
is it going to be bearish until it reversal patterns shown ?
Reply
tntsunrise TOP albertwt
5 months ago
measn the bullish is finished.
Reply
tntsunrise TOP ReneK
5 months ago
did u buy?
Reply
tntsunrise TOP ReneK
4 months ago
@ReneK,
snapshot
i hope u cut ur loss early.
+1 Reply
htgroup1
8 months ago
So looks like now is a pretty good short entry with a SL around 1340?
Reply
Nightstar htgroup1
8 months ago
If you do, you'll lose money.. Gold is about to drop into a DCL and will bounce from there. Keep an eye on $1300 and go LONG!

You can thank me later :)
+1 Reply
SaifurRahman PRO Nightstar
8 months ago
Hi Nightstar.... I guess the way you predicting it doesn't look like a trader.....it feels like you are an astrologer! Most traders waste time trying to predict where it is going....you better off to come up with sound plans for both scenariso ( going up or down). Majority of traders thinking GOLD is going up. And you know what? Majority of traders lose money. You never know what fundamental story is developing next. So in this business expect the unexpected and trade it. Having said all these, I also believe that GOLD is not going below 1200 anytime soon. but again, Market will go where it wants to go. You can watch & pull your hair with complete dismay or you can accept the truth and trade it.
+2 Reply
Nightstar SaifurRahman
8 months ago
I don't do predictions either. I use Cycle Analysis and Sentiment first, Technical Analysis second, and I adapt very quickly. It works! Good luck trading my friend :)
Reply
Sakakikunmakio SaifurRahman
8 months ago
LOL How long you has been trade in gold??? Gold was bullish since January of this year... Where are buyers loose money??? 1200 to 13xx without any parachute??? Do you shorting from 1200??? How many point?? Dont shouting to early when gold down for some buck... Look like you are new trade in gold... I believe when bull phase begin you will become hidden buyers :))) I know it... Just beware :)))
Reply
Nightstar Sakakikunmakio
8 months ago
What in the world are you rambling about?! I've been LONG Gold since the beginning of the year. I'm advising people not to 'Short' but to go LONG at the next DCL. Go practice your English and stop bothering me with your nonsense, Lol!
Reply
Sakakikunmakio Nightstar
8 months ago
Am talking about saifur sirs
Reply
Sakakikunmakio SaifurRahman
7 months ago
So what now @saifurrahman are you shorted this matel for now????? Keep watch its going to RAMP UP... You will recovering your shorted if you not taking profit... Beware... 1444 1525 on its ways
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Woozaa Nightstar
5 months ago
:-)
Reply
jonesrj Nightstar
4 months ago
@Nightstar, Yikes!! are you longing at $1200 too?
Reply
pmcllc PRO
8 months ago
the cypher pattern makes sense...
Reply
den_
8 months ago
Thanks for sharing your ideas/analysis.
Reply
KyleZhang
8 months ago
Mr. Jack, i am wondering if the best buying level will be 1116.60, then why don't short now?
Reply
pring
8 months ago
Hi,
1200 will be the first big test with price action and then why not 1100 because it is more attractive than the yellow zone. "Cypher pattern" is just an expression...
Gold is on 38.20% retracement fibo on monthly chart and candlestick august 2013 is a shooting star on weekly chart : 1430-1380 strong resistance. Don't short now but wait and see guys.
Reply
Sakakikunmakio
8 months ago
LOL how do you can imagine gold can go back below 1200... It cant happened... Look at mothly formation you know wht iam talking about
Reply
pring Sakakikunmakio
8 months ago
Hi,
You don't understand what i say, but it is my fault because it was badly said. If gold will be done, then we will watch 1200 zone but i don't know what he will do...
(you no more anyway) . I look at monthly chart but i prefer expect the July final candlestick . What will do you think if this candlestick is pined bar ?
Friendly guy.
Reply
Nightstar pring
8 months ago
Don't bother trying to explain. This person's English is terrible and they're understanding everything backwards...

Ps: Gold is not going back to $1200. Nothing supports this outrageous claim!
+1 Reply
kidbroge Nightstar
8 months ago
Have a feeling the fed is going to hint at a rate hike again based on the NFP report, along with CPI and stocks going up. If they even hint at it, down we go, 1280 is the 200ma on the weekly.
Reply
jonesrj Nightstar
4 months ago
@Nightstar, HA! You're wishing there was a delete button...
Reply
Nightstar jonesrj
4 months ago
@jonesrj Not at all! 4 months ago Gold was heading up to $1450.. The Fundamentals haven't changed; this is still a bull market. And remember, no one can predict Market manipulation by the Bullion Banks.. not even Jackie Chan haha!
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tntsunrise TOP Sakakikunmakio
4 months ago
@Sakakikunmakio, did it happen?
Reply
akrmelo10
8 months ago
Good support


+1 Reply
keepitsimple
8 months ago
this is such a long term forecast what about short term?
+1 Reply
investment6300
8 months ago
http://www.marketoracle.co.uk/Article55914.html
This is very interesting info for long term bull investors. This relate to the change in the correlation of gold to other instruments of past few years considering the last 70 years. This gives a clear indication that gold in breaking links over resent years seen over last 70 years. We are going into a new era in acceleration where some will make a lot..and other will cry. Deflation is a new era in disguise....changing the outlook of investment with new correlations. Gold longterm bears might just be converted ..interesting stuff
Reply
arif_awan
8 months ago
Don
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lupino
7 months ago
Mr tntsunrise .... I look forward to comment this post ...
Reply
tntsunrise TOP lupino
5 months ago
snapshot
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nbn007 PRO tntsunrise
5 months ago
you are too good:)
Reply
pyromus
5 months ago
you should be crazy
Reply
tntsunrise TOP pyromus
4 months ago
@pyromus, what about now?
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Batman-oz
5 months ago
Keeping my EYES on this with great interest, again thank you Jack, SMTM.
Reply
albertwt
5 months ago
Thanks Jack !
I will take attention on that.
Reply
menyuken PRO albertwt
5 months ago
Cool, really cool idea. I will follow this thread! Thank you JACK!
Reply
watsonzou26
4 months ago
Jack, you are too too good!
+1 Reply
archer08
4 months ago
Master, you're amazing!
+1 Reply
cengineer16
4 months ago
Great call Jack!
Reply
al.calgary
4 months ago
Is it late to short the gold? if not, what level will you add to your short?
Reply
tntsunrise TOP al.calgary
4 months ago
wait for pull back to short. maybe 1240.
+6 Reply
ja.piotr.bor
4 months ago
Nice. Some reverse now maybe (20-30$ up?)
Reply
kidbroge
4 months ago
Gold has a way of humbling people. There are no absolutes in this market.
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Simon_says
4 months ago
Great forecast! Thank you for your work!

Do you see potential for gold to fall below 1120$/oz?
Reply
tntsunrise TOP Simon_says
4 months ago
not sure. it may even touch 1050. but 1120 has a good support
Reply
Nshan
3 months ago
please be careful at 1120 and take a look to this chart
snapshot
Reply
deanferradaz
3 months ago
@tntsunrise Are you buying from 1140 ?
Reply
10X
3 months ago
Well nice study as usual and depending on your trade time frame it may work well. As long as there is no new QE from USA long term gold is bearish. For intra-month treading it is fine but I will be selling till trump is in charge. THis go ve lots of other opportunities as well. Sell USDYPY, buy 10 year bonds. These are all long term (6 months) views and does not imply any comment to above analysis.
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Batman-oz
3 months ago
You have been saying 1120 for weeks now, so lets all join Jack's train ride, yippee
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mohammadrafiee
3 months ago
very good.
Reply
ajschmidt100
2 months ago
I'm not sure you go back this far to revisit ideas you've posted but I am still watching this one and think this idea on gold was correct the whole time. I'd love to see your current thoughts on this one and if you think it's still applicable.
+1 Reply
YD
2 months ago
wow was just looking through TV and saw this you are on point its kinda scary. I remembered most people saying 1400-1500++ blah blah.. I would really like to know your current view on GOLD now or is Trump to unpredictable..
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TipTipse
a month ago
Hi Projack^^ I'm interesting in this chart. very cool chart!
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eskgroup
a month ago
Hey Jack; What's your view in Gold this now? Still bullish?
Reply
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