GOLD Journal

The Pattern Trader - Special Gold (XAUUSD) Program
Overview
Since launching The Pattern Trader in September, 2015, the performance results of my trade set-ups
and analysis have been very profitable.
In reviewing my trade history over the past 18 months, I have been extraordinarily profitable in one pair
in particular: XAUUSD (spot Gold)
In this period of time, my XAUUSD trade set-ups and analysis have yielded a net gain of 3,155 pips, or,
an average of 77 pips per trade.
In that I seem to perform exceedingly well in XAUUSD, I thought it would make sense to develop an
XAUUSD special trading program.
To that end, I invite you to analyze my XAUUSD trades and performance results from inception:
XAUUSD Trade Set-ups and Analysis (Sep, 2015 - April, 2017)
Pair: XAUUSD (spot Gold)

Entry Order: SELL stop @ 1140.00
Stop loss: 1152.00
Take profit: 1118.00
Trade P/L: Sold @ 1140, Bot @ 1118.00. GAIN: 220 pips
Analysis: Based on my Weekly analysis of this pair, I believe XAUUSD is in a primary bear trend. It has
rallied to (what I believe) is a resistance area (as indicated by the recent double-top price pattern).
If the low of Friday's inside bar is penetrated, it could be a catalyst to (much) lower prices to come.
Pairt: XAUUSD (Spot Gold)

Stop loss: 1149.00
Trade action: SOLD @ 1141.00, Bot @ 1149.00. Loss: (80 pips)
Analysis: Gold appears to have formed a triple-top resistance at current levels. Should we take out the
previous session key reversal low, much lower prices are likely to prevail.
Pair: XAUUSD (Spot Gold)
Entry Order: BUY stop @ 1160.00
Stop loss: 1144.00
Trade action: BOT @ 1160.00, Sold @ 1167. Gain: 70 pips
Analysis: Back in late July XAUUSD formed an "H" bottom. For the past several months this pair has
been trapped in a range-bound affair between 1110.00 and 1160.00.
Friday's close above recent resistance levels suggests (much) higher prices to follow.
(In the absence of an "insurance day bar" or "coil" that I usually look for, this is an admittedly an early
call. However, I think this could be a good point to start accumulating a "long" position. (I'm starting
with a small position, and giving this market more latitude in setting a wider SL).
"H" or "Horn" Bottom Definition: Two parallel price spikes.

Stop loss: 1158.00
Trade action: BOT @ 1170.00, Sold @ 1175.00. Gain: 50 pips
Analysis: XAUUSD has been stuck in a trading range between 1100.00 and 1170.00. Should we
penetrate above today's massive key reversal at the resistance level, there is a good chance of a nice
follow-through to the upside.
(Last night, on my trading account, I put a stop-loss (SL) at 1152.00. Despite the market showing prices
dropping to exactly this level, the position on my broker platform was not stopped-out. If you were also
not stopped out, you can decide whether to take tonight's XAUUSD trade at the new entry price. I am
going to.)
XAUUSD (spot Gold)
Stop loss: 1165.00
Trade action: SOLD @ 11520.00, Bot @ 1109.00. Gain: 430 pips
Analysis: In recent months Gold has been in a trading range between 1175.00 and 1100.00. While it did
"peek" above the resistance level last week, there was no follow-through.
Following today's FED interest rate announcement Gold gave up all its gains for the day and then some.
For me, today's massive key reversal feels like a "dagger in the sand", and that the next BIG move will be
to the downside.
Stop loss: 1059.00
Analysis: This market is in a clear down-trend.
However, this market looks very oversold. Penetration above the high of today's large key reversal - at
the low of a "Falling Wedge" price pattern - could be a catalyst for this market to pop to the upside.
(Confirmation would not be until a break above the upper trend-line, but I think it's worth getting in at
the recommended entry).
"Falling Wedge" definition - price follows two down-sloping and converging trendlines.
Stop loss: 1072.00
Take profit: 1118.00.00
Trade action: BOT @ 1080.00, Sold @ 1072. Loss: (80 pips)
Analysis: Following a protracted bear market XAUUSD formed a prominent Key Reversal last Thursday.
In the last few sessions we have seen a consolidation of the reversal. Presently, it appears we could be
tracing out a Reverse Wedge Triangle. Final confirmation of the RWT will be a break above the 1089.00
price level.
I firmly believe, that if we penetrate above the high of today's inside-bar high price, this pair could shoot
higher (quickly).
Stop loss: 1074.00
Analysis: XAUUSD has been in a long-term downtrend. However, in recent weeks this pair has not been
able to make any progress on the downside.
The short-term Double-Bottom price pattern formed in December could provide the foundation for a
(counter) move to the upside. Penetration above today's inside-day bar should provide a further catalyst
for prices to catapult higher from here.
Entry Order: SELL stop @ 1092
Stop loss: 1102
Take profit: 1076
Trade action: BOT @ 1092, Sold @ 1089. Gain: 30 pips
Analysis: Last week I took out a nice chunk (265 pips) long this pair based on a short-term Double-
bottom price pattern. However, it now feels like XAUUSD is running out of steam on the upside.
I feel if we take out the low of today's inside-bar, this market could roll-over in the direction of the
prevailing (down) trend.
Pair: XAUUSD (Spot Gold
Stop loss: 1087.00
Analysis: Sorry for sending this trade out late...but I decided it had enough "good stuff" going on that
merited a signal after all.
XAUUSD has formed a short-term Double-Bottom and a (prospective) "Cup-and-Handle" price pattern.
I believe, penetration above the past two trading sessions inside bar(s) could lead to a (quick) price jump
on the upside.
Stop loss: 1109.00
Analysis: XAUUSD has formed a Double-bottom (buy) price pattern. After a successful re-test of the
neckline, this pair has continued to strengthen.
Friday's Key Reversal bar suggest that momentum will continue to the upside.
Due to all the (technical price pattern) virtues of this pair, I am inclined to increase my risk on this trade.
I REALLY like the chart and trade.
Stop loss: 1261.00
Trade action: BOT @ 1274, Sold @ 1261. Loss: (130 pips)
Analysis: XAUUSD has formed an inverted head-and-shoulders (bullish) price pattern on the Weekly
chart.
Moreover, the implications of the ascending neckline (the right shoulder is much higher than the left
shoulder), suggests this pair is ready to take off like a rocket ...and very quickly!!
NOTE: There probably will be a lot of volatility in this pair at current levels so keep your risk low.
Stop loss: 1234.00
Analysis: I am reversing my analysis on Gold over the past few days. I now believe Gold is forming the
basis of an explosive move (to the upside).
Click this link for a detailed video analysis: BIG Move in Gold
Stop loss: 1236.50
Trade action: SOLD @ 1230, Bot @ 1236.50. Loss: (65 pips)
Analysis: It appears that XAUUSD has run into "headwinds" at current levels, and is in the process of
tracing out a Head-and-Shoulders top (bear) price pattern.
Penetration below the low of today's slight reversal bar, could open up the door to a bigger decline
soon.
Stop loss: 1249.00
Trade action: SOLD @ 1243, Bot @ 1241. Gain: 20 pips
Analysis: XAUUSD (Spot Gold) appears trapped in a trading range between 1200 and 1280.
I feel Gold has a good chance of retracing to the lower end of its recent trading range due to; 1) price
action (Key Reversals), and, 2) bearish divergence.
Price Action: Each time XAUUSD has made an attempt at higher levels, it has been spurned in a big way
(Key Reversal), and closed on the lower end of its Daily trading range (including today's Key Reversal).
Bearish divergence: In recent trading sessions, both Silver and Platinum have traded to new Weekly
highs. XAUUSD (Gold) has NOT made new Weekly high's, hence the bearish divergence.
Stop loss: 1261.00
Analysis: XAUUSD (Spot Gold) has "busted" a Descending Wedge Triangle (bear) price pattern on the
Weekly charts. It now appears that XAUUSD is forming an inverted head-and-shoulders (bull) price
pattern on the Weekly charts.
It also looks like this pair has formed an interim Double-bottom on the Daily charts. Penetration above
the high of today's "outside" Key Reversal bar (it took out both, the high, and the low, of the previous
session) should provide the impetus of a BIG move to the upside.
Stop loss: 1289.00
Trade action: SOLD @ 1281, Bot @ 1289. Loss: (80 pips)
Analysis: Last week it appeared that XAUUSD had broken out (to the upside) on the Weekly charts.
While that may be still the case, objectively, the past two trading session Key Reversal bars (at an
important resistant level) is hard to ignore.
So, while I don't know if this is just a temporary set-back in an uptrending market, or a bull "trap", the
past two session dismal price action suggests that taking a nibble at the short-side could yield good
rewards.
Keep your risk low on this one.

Stop loss: 1263.00
Analysis: In my last Weekly Video Report I did an extensive analysis on XAUUSD, and made the case
why we could be setting up for a massive rally in this pair.
Today's Key Reversal in the direction of the trend, just could be the match that lights this fire!
Stop loss: 1269.00
Trade action: BOT @ 1278, Sold @ 1272.5. Loss: (55 pips)
Analysis: XAUUSD appears to be in the process of tracing out an Inverted Head-and-Shoulders (bull)
price pattern on the Weekly charts.
Last December XAUUSD took off from a Double-Bottom (bullish) price pattern, and, in recent days it
appears that this pair has formed a "flag" price pattern on the Daily charts.
A break above Friday's inside-day bar could be a catalyst for a broader move higher, or a fake-out, and a
return to the trading range behavior we have seen in the past couple of weeks.
Notwithstanding, I think it's worth a shot to probe the upside of XAUUSD. Eventually I think the pay-off
could be big.
Stop loss: 1214.00
Analysis: After an exciting run-up in prices in the early part of the year, XAUUSD has formed a number of
ominous technical price patterns (see chart analysis), suggesting a large overhead resistance at current
levels.
Penetration below the low today's narrow range/inside-day bay, could be the catalyst for a much
broader move to the down-side.
Stop loss: 1239.00
Trade action: BOT @ 1248.40, Sold @ 1260.5. Gain: 120 pips
Analysis: XAUUSD is in the process of forming an Inverted Head-and-Shoulders price pattern on the
Weekly charts.
A break above today's reversal bar, will likely result in a renewal of the momentum to the upside began
last week.
Stop loss: 1292.00
Analysis: For the past couple of weeks XAUUSD has put on an impressive rally from 1200 to the 1310
price level.
However, I believe today's major Key Reversal, at or near a previous (Double-Top) resistance level, has
heavily damaged any further upside potential in this pair, in the near and long-term.
I have also included my Monthly chart analysis of XAUUSD, which reveals the potential formation of a
Right-angled and Ascending Broadening (or Reverse Wedge Triangle) chart pattern. Breakouts from
these chart patterns are ...Downward 66% of the time.
While there could be additional price volatility at current levels, I believe there is a good chance of
XAUUSD retreating back to the lower end support level (1200.00 or lower) of its current trading range.
TRADING NOTE: Hold-off entering this order until after the re-opening after today's session.
Stop loss: 1292.00
Analysis: I believe last Thursday's major Key Reversal, at or near a previous (Double-Top) resistance
level, has heavily damaged any further upside potential in this pair, in the near and long-term.
Penetration below the low of today's inside-day bar could be the catalyst for lower prices in this pair.
Entry Order: BUY @ 1328.00
Stop loss: 1318.00
Analysis: This is a repeat of last night's trade set-up and analysis.
Following the huge run-up in this pair after the Brexit referendum vote, XAUUSD has been consolidating
at the upper-end of its trading range. (I can also see possible evidence of an inverted head-and-
shoulders price pattern on the both the Monthly and Weekly chart time-frames).
Should XAUUSD penetrate above the past four days inside-day bars, you could see a (massive) explosion
to the upside.
Stop loss: 1359.00
Analysis: I have been conflicted about the next direction in XAUUSD (frankly, I could make a case up and
down). However, you will notice the striking similarity of chart pattern I have drawn out on XAUUSD to
that of EURGBP.
To that end my current analysis for XAUUSD is the same as for EURGBP.
It appears that XAUUSD could be in the early stages of tracing out a Right-Angled and Ascending
Broadening, or "Megaphone Top" (bear) price pattern.
In the past three trading sessions, this pair has not been able to sustain any further upside momentum.
Penetration below the low of today's Key Reversal bar, could be the catalyst for a shift in momentum to
the downside.
Stop loss: 1333.00
Analysis: It appears that XAUUSD could be in the early stages of tracing out a Right-Angled and
Ascending Broadening, or "Megaphone Top" (bear) price pattern.
Penetration below the low of the past two trading sessions inside-day bars, could be the catalyst for a
(dramatic) shift in momentum to the downside.
Stop loss: 1346.00
Analysis: Fridays outside Key Reversal price action (whereby it took out the low and high of the
previous trading session), at an important up-trend support line, suggests that we could see prices
extend back to (at least) the previous highs in this pair.
Stop loss: 1344.00
Analysis: XAUUSD price is having trouble progressing higher from current levels, and appears to be
tracing out a Triple-Top (bear) price pattern confirmation of a Triple-Top wont come until a breach of
the neckline at around the 1310 price level.
Notwithstanding, I think its worth dipping a toe on the Short side at the designated entry point.
Stop loss: 1342.00
Analysis: XAUUSD appears to have broken out of a Triple-Top and Symmetrical Triangle price pattern.
Penetration below todays Key Reversal bar will likely result in further down-side momentum.
Entry Order: SELL Limit @ 1287.00
Stop loss: 1302.00
Analysis: Yesterday's volatility enabled XAUUSD to (briefly) penetrate above a recently formed
Descending Wedge Triangle (bear) price pattern. The brief thrust above the Descending Wedge Triangle
was just a "bear trap', and, the concomitant Key Reversal price action appears to confirm the likelihood
of a (major) move to the down-side.
Stop loss: 1167.00
Analysis: To be clear, I believe XAUUSD is in a "bear" market.
That being said, I feel this pair has fallen very far, in a short period of time.
The recent "reversal" bars lead me to believe, we could see a good bounce (higher) from current levels.
Stop loss: 1196.00
Analysis: In recent weeks this pair has reversed a steep decline, and now appears to have formed an
Inverted Head-and-Shoulders (bull) price pattern.
Penetration above the high of today's Key reversal bar, will likely lead to further momentum in a
"northerly" direction.
Stop loss: 1206.00
Analysis: XAUUSD appears to have formed an Inverted Head-and-Shoulders (bull) price pattern.
Additionally, as the right "shoulder is higher than the left "shoulder", forming an ascending neckline,
suggests this pair could go (much) higher...very quickly.
Penetration above the high of Friday's Key reversal bar will likely result in further momentum to the
upside.
Stop loss: 1245.00
Analysis: Based on today's (terrible) price action, I am recommending both, liquidating my current Long
position (@ 122.00 on Feb 5), and establishing a Short position at an entry point just under the low of
today's Key reversal bar.
Stop loss: 1221.00
Analysis: XAUUSD appears to have formed an Inverted Head-and-Shoulders (bull) price pattern.
Additionally, as the right "shoulder is higher than the left "shoulder", forming an ascending neckline,
suggests this pair could go (much) higher...very quickly.
Penetration above the high of today's Key reversal bar will likely result in further momentum to the
upside.
There is likely to be a lot of volatility at current levels, so keep your risk low on this one.
Stop loss: 1256.00
Analysis: The recent Key reversal at the long-term down-trend line is an ominous sign for XAUUSD.
Penetration below the low of the last two session reversal low's, could be the catalyst for (much) lower
prices.
Stop loss: 1237.00
Analysis: I am currently Short XAUUSD @ 1246.00 (on Mar 1).
Recently XAUUSD has formed a Head-and-Shoulders (bear) price pattern. Penetration below today's Key
reversal bar would induce me to add to my position.
Entry Order: BUY stop @ 1258
Stop loss: 1246
Analysis: Today's Key reversal along the slope of an Ascending Triangle price pattern, suggests there is a
lot of (near-term) support, and could provide the catalyst for of larger move to the upside.
Stop loss: 1275.00
Analysis: Today's Key reversal at the top of a trading "channel", suggest prices could be head back to the
1230.00 support price level.
Stop loss: 1263.00
Analysis: I am already Short XAUUSD (@ 1260.00 on 4/25). I favor adding to my position on a break
below the low of today's Key reversal bar.
The recent Key reversal at the top of a trading "channel", suggest prices could be head back to the
1230.00 support price level.

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The Pattern Trader - Special Gold (XAUUSD) Program

XAUUSD Trade Set-ups and Analysis (Sep, 2015 - April, 2017)

Pair: XAUUSD (spot Gold)

Trade P/L: Sold @ 1140, Bot @ 1118.00. GAIN: 220 pips

Pairt: XAUUSD (Spot Gold)

Trade action: SOLD @ 1141.00, Bot @ 1149.00. Loss: (80 pips)

Trade action: BOT @ 1160.00, Sold @ 1167. Gain: 70 pips

"H" or "Horn" Bottom Definition: Two parallel price spikes.

Trade action: BOT @ 1170.00, Sold @ 1175.00. Gain: 50 pips

Trade action: SOLD @ 11520.00, Bot @ 1109.00. Gain: 430 pips

Trade action: BOT @ 1066.00, Sold @ 1082. Gain: 160 pips

Analysis: This market is in a clear down-trend.

Trade action: BOT @ 1080.00, Sold @ 1072. Loss: (80 pips)

Trade action: BOT @ 1082.50, Sold @ 1109. Gain: 265 pips

Trade action: BOT @ 1092, Sold @ 1089. Gain: 30 pips

Trade action: BOT @ 1096, Sold @ 1116. Gain: 200 pips

Trade action: BOT @ 1119, Sold @ 1157. Gain: 380 pips

Trade action: BOT @ 1274, Sold @ 1261. Loss: (130 pips)

Trade action: BOT @ 1274, Sold @ 1261. Loss: (130 pips)

Trade action: SOLD @ 1230, Bot @ 1236.50. Loss: (65 pips)

Trade action: SOLD @ 1243, Bot @ 1241. Gain: 20 pips

Trade action: BOT @ 1271, Sold @ 1295. Gain: 240 pips

Trade action: SOLD @ 1281, Bot @ 1289. Loss: (80 pips)

Keep your risk low on this one.

Trade action: BOT @ 1270, Sold @ 1270. Gain: 0 pips

Trade action: BOT @ 1278, Sold @ 1272.5. Loss: (55 pips)

Trade action: SOLD @ 1209, Bot @ 1214. Loss: (50 pips)

Trade action: BOT @ 1248.40, Sold @ 1260.5. Gain: 120 pips

Trade action: SOLD @ 1279, Bot @ 1292. Loss: (130 pips)

Trade action: SOLD @ 1277, Bot @ 1266. Gain: 110 pips

Trade action: SOLD @ 1328, Bot @ 1349. Gain: 210 pips

Analysis: This is a repeat of last night's trade set-up and analysis.

Trade action: SOLD @ 1350, Bot @ 1343. Gain: 70 pips

Trade action: SOLD @ 13230, Bot @ 1314. Gain: 90 pips

Trade action: BOT @ 1356, Sold @ 1346. Loss: (100 pips)

Trade action: SOLD @ 1335, Bot @ 1344. Loss: (90 pips)

Trade action: SOLD @ 1335, Bot @ 1344. Loss: (90 pips)

Trade action: SOLD @ 1287, Bot @ 1257. Gain: 300 pips

Trade action: BOT @ 1177, Sold @ 1167. Loss: (100 pips)

Analysis: To be clear, I believe XAUUSD is in a "bear" market.

Trade action: BOT @ 1208, Sold @ 1209. Gain: 10 pips

Trade action: BOT @ 1222, Sold @ 1231. Gain: 90 pips

Trade action: SOLD @ 1229, Bot @ 1234. Loss: (50 pips)

Trade action: BOT @ 1236, Sold @ 1239. Gain: 30 pips

Trade action: SOLD @ 1246, Bot @ 1208. Gain: 380 pips

Trade action: SOLD @ 1223, Bot @ 1206. Gain: 170 pips

Analysis: I am currently Short XAUUSD @ 1246.00 (on Mar 1).

Trade action: BOT @ 1258, Sold @ 1284. Gain: 260 pips

Trade action: SOLD @ 1261, Bot @ 1229. Gain: 320 pips

Trade action: SOLD @ 1254, Bot @ 1221. Gain: 330 pips

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