tntsunrise
Short

GOLD Daily 2618 Trade 20160905

FX:XAUUSD   Gold Spot / U.S. Dollar
27664 112 367
GOLD             Daily 2618 Trade

After the NFP, Gold             rallyed from the AB=CD
completion Point.

Now I am waiting for Gold             to test 1347.28
and wait for the price action to short from that level.

So guys, Mark this horizontal Line at 1347.28
and let's turn on our radar.
Comment: GETTING CLOSER.
Trade active:
Comment: Price Falls to 1341.
Comment: Price fall to 1320, win 270 pips
Now is good time to take some profit
and find the pull back to short again
Comment: Now is 1311, 360 pips gain.
remember to take partial profit!
Comment:
Comment: FOMC MEETING THIS WEEK
Remember to Take some Profit and make Sl to break even for our short position.
as we dun know whether 1300 will be strong support or not.
dun open new trade before the FOMC meeting.
Trade after the news.
Comment:
FOMC MEETING PUSH GOLD HIGHER, BUT FACING 0.618 RESISTANCE AGAIN
Comment: Now is 1286, nice short
Comment:
Comment: Don't forget to take some profit, turn it into real profit!
Comment:
I won't buy gold untill it touch the cypher completion.
i may keep my short position to that point. (risk free trade now )
Comment:
Comment:


Looks like forming H & S Patteren
Reply
Great
Reply
Hi Jack what is the cypher pattern?
Reply
now what are you looking jack
Reply
My thumb up to you, Jack.
Reply
it drop down to 1273...
Reply
We have these harmonic patterns in play, as well - much shorter timeframe plays than Jack's cypher:

+2 Reply
albertwt JamesBrown
Do you think it will be dropping to the December 2015 level ?
Reply
thank u sir.
Reply
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