tntsunrise
Short

Multiple Calculation Implies Gold's rally to the end:

FX:XAUUSD   Gold / U.S. Dollar
6173 44 141
Multiple Calculation
Implies Gold's rally to the end:
The 1.618 EXT at 1297.89
The 200% at 1301.40
The Big AB=CD Complete at 1299
RSI is Overbought
All these tellng me Gold             is facing Daily Resistance
I will look into small time frame to find
any bearish pattern: double top , Pin Bar , Bearish Engulfing
and short
Comment:
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Comment: seems 1h going to be a bearish pin bar
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It's a bull trap at 1300
Comment:
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Trade active:
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Short at 1296.50,
Comment:
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Comment:
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Bearsih Bat Pattern
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Power of bat pattern.
Did you short?
Comment: Short at 1296 and 1300
Now win 170 pips
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Two Target updated

Reminder: For thoese people who believe gold is bullish and want to long gold,
please be careful
Trend can by changed, that's how turning point forms.Dont be trapped.
What I think is: if gold never break up 1307,
we can not say it is bullish.
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Will keep an eye on this for sure. Thanks
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GREAT!
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i think 1307 good for sell
+1 Reply
please public chart
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1307 is previous high. it is also a nice place to short
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thanks
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m1 pinbar + shs
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it looks very toppy to me at this point, maybe a suckers rally?
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snapshot
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I assume this is the same for silver ?
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YUP
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am still waiting
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tntsunrise TOP quantafund1979
SAME
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tntsunrise TOP quantafund1979
haha zhen dong!
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tntsunrise TOP quantafund1979
nice to see you here. Congratulations that you have completed my course. Wish you a great sucess in trading!
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are we good to short now Jack?
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1296 pull back short
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great trade!
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Congratulations.. great trade and great trader. What's your stop? I placed mine a bit above the 127% extension but I'm worried about brokers pushing a spike to hunt stops..
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Nice Analysis - thx a lot....in the shortterm, i have the same opinion, but i don`t think ist time for Shorts....NEVER fight against a bullish FLAG! :-) https://www.tradingview.com/chart/GC1%2521/qnHQBIv8-Gold-with-Bullish-Flag-and-1-2-3-Breakout-Chance/
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snapshot
the shortterm short has just the character of a consolidation for further highs..?
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the short at the actual Level is very risky because it is an anticyclical Setup (never fight against the trend) ... i think Shorts with minimal risk can be opened when we trade below the trend < 1255$ with tp 1226...we will see :-)
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in Addition to the uptrend and the flag, i see a classical 1-2-3 Setup - with a midterm buying Signal
Introduction into 1-2-3 Trading Pattern
snapshot
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Breaks above 1316 negates this view.
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Breaks above 1316 negates this view.

snapshot
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Helo is 1215 or 1315 ? Thanks
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JayM ziosam
1315, sorry for my mistake.
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Great analysis and trade! Thanks
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yeah 1298
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Congrats! 100 pips
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yes... thanks to u sir... ;)
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I think support is on 1280 ....
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JayM grappa01
Yes, me too guess so. Support is at 1277.50 and gold will make a new height (1315).
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Good job Jack.

I wish I joined you, but I did not trade Gold before.
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no worries. wait for the next trade
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bunah2 tntsunrise
Thanks,
:-)
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Thank you very much. So, if I understand you right if Gold breaks 1307 it is bullish, if it does not break 1307 there is a good chance it is turning to be bearish again?
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YES
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You rock man! Lately, you´re the best around here! :)
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Did you close yet, or is your SL on BE? The new trade suggest termination of this one if the SL is on BE...
Thanks
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tntsunrise TOP sketchmaster
Close some profit. if pull back i will use the 2618 or cypher to sell again
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Ok, thank you for your time to explain.
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