tntsunrise
Short

GOLD STILL BEARISH TREND, Sell the pull back

FX:XAUUSD   Gold / U.S. Dollar
4756 23 105
Gold             still Bearish Trend
Sell the pull back
1243 Is the level I would like to short
if i see rally can not break through that area
Comment: this week's webinar time:
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Comment: https://youtu.be/4yEyBpFXadM
the recordings is uploded. I think we just spent a great 1h together !
Comment:
snapshot

AB=CD pattern implies gold may have a rally.
Comment: Reached the resistance zone, watch price action first
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Interesting how you see it...... :)
Reply
Jack, why is the pullback no longer 1237.58? Any other indication on the chart?
Reply
RandR arianto
i assume because 1243 is the previous structure level
Reply
1243 IS BETTER
Reply
are going to post a recording?
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Hi Jack. XABCD Pattern Complate. Long
snapshot
Reply
yeah. a valid pattern.
completeing at 1216
Reply
Thanks again Jack I always enjoy your ideas. Hope to be able to watch the video of your webinar over the weekend I really enjoyed your last one, unfortunately could not interact live because of work. Also hope we can see that 1243 level to short from!
Reply
Hi Jack, thanks for the webinar upload, its great. However the sound cuts out from 39:02 :(
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Yes a great webinar thanks! I did not know how to post a comment. It seemed to be asking me login?
Reply
jack will you buy gold at 1216?
Reply
Hi Jack. XABCD Pattern no complated at 1216. Complateing at 1173.
snapshot
+1 Reply
or will Complate at 1181(AD:XA= 0.786; 0.886; 1.272;1.618)
snapshot
Reply
Jack, are you saying we should start buying now, or wait confirmation? I think you have too many gold thread Jack, I suggest you reorganize it into one thread.
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I think Jack was hit TP complete on this thread.
and it is buying now . :-)
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you are almost right. i have TP 90% of my short position and long it now.
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you can buy for this AB=CD completion, or you can choose to take profit of your short, and wait it pull back and sell at higher price.
Reply
JamesBrown PRO tntsunrise
When I divide gold by EURUSD, I see the EURO being weaker (gold in uptrend in comparison to EURUSD), while it, itself is up against similar resistance. Is it not a safer (higher probability, more likely to have greater reward) short, given this information?

I see the same with gold and silver, for long positions. Silver seems to be in uptrend in comparison to gold, so it appears to be the more logical candidate to long when they both come up against support.
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this trade is now in, right?
Reply
sititin sititin
what's the correct sl for this trade?
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H4 shows a Pinbar at the same level.
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After a Marubozu Candle ... Do u still wanna Short this Jack ???
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It form a bearish pin bar on H4? So it is a sell setup Jack?
Reply
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