tntsunrise
Short

GOLD XYAB Pattern and BAT Pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
Bat
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GOLD XYAB Pattern and BAT Pattern

Let's take a short of gold , SL above 1280

TP1: 1269.13 TP2: 1261.97 TP3: 1253 TP4 1244

High Location
High RR ratio
Comment:
Bravo instant 50 pips
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FWIW, I have taken a closer look at the Gold Chart and price history and thought about it.
I think it will continue rising up to $1,330. This could take a while (I think March 2019).
But after that... Who knows... Anyway, as a result, a new gold idea has emerged:
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So it should be evident now for everyone. Like I wrote below, on the day posted the idea, "You're so wrong again. Gold is breaking out like hell and your unable to see." Gold has just reached $1,286.7 still rising
+4 Reply
another fail
+8 Reply
Think about shorting gold only at previous Strong structure level.
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jack thank you for your analysis, the bat pattern worked for a quick short. Precious metals market has bullish fundamentals dues to global recession concerns. Gold specifically as investors seek safe haven assets.
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I won't short GOLD untill I see strong pressure at the former structure ,where the price level above 1286
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gold is going up with events. wait for invest till end of january 2019.
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Thanks for your short positions, it will help us gain more.
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Gold Price can even go 1340 because weekly up wave not complete yet... will share my price as soon as wave over @tntsunrise is a very Good trader.. I myself follow his charts.. but it happens when u follow small time frame charts
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