Gold Update: Triangle and Fib Level

FX:XAUUSD   Gold Spot / U.S. Dollar
13789 118 188
Gold             Update:
After the NFP, we take profit of the
1200 Long position at 1244.
Now what I see is Gold             is forming a Big
Tri-angle, with a potential rally up to the Edge
of the Tri-Angle.
Use the Structure and Fib Level
to help us identify where will the rally ends?
1263.87 is the Critical Price Level
I would be very interested to watch the price action.
Pay attention to the blue trend line as well
1220.50 will be a very good Target
A trend continuation Pattern is targeting 1263 the 0.618 level
Comment: Tomorrow There will be a live webinar
23:00 PM in Singapore
11:00 AM in NYK
16:00 PM in London
Recommanded to use CHROME as your browser
try not to use firefox.
I will cover some pairs in the webinar
and give an introduction of my weekend's course.
It's coming!
1263.87, Look For Pin Bar or any bearish Pattern!
Trade active:
Comment: Already in money for 60 pips
Trade closed: stop reached: Makes new high. exit first.
To lean Jack's Full Trading System:
Weechat ID: 32114564
are you still short sir ?i will wait for a breakout.
Jack love you technical analysis. I wish you post more often when things are not going right. As you know we look up to you and your knowledge of technical and expert analysis. THANK YOU.
Yes sometimes it does not work.....
jack i think u need to do some hard work on stoploss,as u see all ur last trades whiich was triggred stoploss,all trades reversed after your stoploss,i am not blaming your trades,but check your stoplosses
IAmAgainst fxmoneycontrol
Wouldn't that mean that the entry point is what should be improved, rather than the stop? Anyway, my stop is a price action contrary to my initial prediction, rather than a specific value that can be touched and immediately reverse. I I were to buy, I'd wait for a pullback, right? So if I'm going to wait for a pullback to buy, I'm also using that pullback to close the loosing sell, rather than closing it at the highest point.

The problem is that when one has a loosing sell and price pulls back, one tends to think "Well, I was right after all, it's going down" when it's actually an opportunity to get out.
fxmoneycontrol IAmAgainst
lets see what will happen with gold now jack stoploss triggred it will revrese or continue to go up,
IAmAgainst fxmoneycontrol
I like hir0406's graphic, I can't believe I missed it, we all did. The bottom of that wedge would be a nice place to get out and, who knows, maybe it breaks it and goes to 1235 as first target. If I wasn't already short with loss I'd open a short now.
Whis fxmoneycontrol
lose small, win big, without a trading plan you're just gambling...
watsonzou26 fxmoneycontrol
I tried to short gold at 1270....
or can it do like this and retrace back from 1280?
hey jack can you agree on this??
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