CONTINUOUS GOLD FORECAST, 8-MIN BAR TO 2250 MONDAY for FX_IDC:XAUUSD by Binary_Forecasting_Service

CONTINUOUS GOLD FORECAST, 8-MIN BAR TO 2250 MONDAY

Introduction - This continues directly from NFP SWING 2315-2275 POST.

Details - This is a sharper move down that carry more bearish implications for intermediate outcomes. Let's get this up first and continue from there. I am keeping this post public until I fix the tg link problem. For whatever reasons, it is not letting people join so, kind of a nightmare right now that needs to get fix while we work on this route to 2250 on Monday.

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Notes 5/3 12:19 PM ET - This post is public, it will stay live until I fix the link problem. As soon as I do, we will move to private link again.

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1) in chart above, that's your example, I know blue HAS NOT BREAK
2) and red line is AN EXAMPLE, is not made until BLUE LINE HAS BROKEN
3) so be aware

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12:46 PM, so frustrated with Tg app right now argh..........

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- stop hit
- and time out

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1:53 PM, WHY ARE WE SO STRONG HERE at 2302???
a) WHAT HAS CHANGED?
b) hm...

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2:02, PM ET, 2302.xx
c) time out
d) something is very different now
e) this almost seem to be saying BOTTOM IN ... IN A BIG WAY
f) but we need more evidence
g) bc the overall setup is still so bearish
H) BUT IF PRICE MOVES UP HERE TOWARDS 2322, that's a game changer
i) what does that mean?
j) start off with, everything I'vd drafted for next 64 days now in "time out mode"
k) unless this turns down hard like it's supposed to

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l) but the thing is.. how? where would it go if it moves up?
m) 2322 is possible but nothing beyond that is even worth entertaining until we have more evidence
n) so then?
1) base case should be reversal down
2) when?
3) don't know, just going to wait it out

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1) no 2301.5 stop
2) .25 is probably too tight

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3) so red line is stop loine
4) target before NY CLOSE 2288
5) as long as red line holds
6) rest of today is scalp short as long as red line does not break
7) and that's it for this post
8) I have to work on this link problem
9) it might not even be a problem

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5/3, 5:43 PM ET WRAP UP:
1) first replay this

16-20 HOURS/DAY, CONTINUOUS GOLD FORECAST, PRELIMINARY

2) today's close after 2277 tag was definitely stronger than we expected
3) but bulls didn't accomplish anything to change the overall picture heading to 2222/2195
4) THEY DID however, destroyed our V-M-V pattern..
5) which is now going to be V-M-really-ugly-before-value pattern
6) and for those that follow me, ugly means more sideways and zigzag
7) before something pretty/value show up
8) pretty/value in something like today's NFP 40-pt banger
9) that means one way straight move worth our time
10) so generally that's where things stand
11) in this situation I have to run trend engine really thoroughly (bc it's HARD!)
12) bc the short to medium term trend crisscross is still twisting
13) before giving way down to 2222/2195
14) once complete, I will post from telegram in private post
- SPEAKING OF WHICH, THE LINK DOES WORK, IT MAYBE AN ANDROID ISSUE IF AT ALL -
15) the link DOES work, bc it went through for 3 people since we identified the problem, 2 with iphone and 1 with android
16) it seems to be something related to Android platform
17) so to clear up the issue, you have to to have telegram app first
18) then click the first link right below here...
19) a screen pop up with a message box that says "message"
20) then you click that box and it will open the app
21) then follow directions in the app
22) if you experience more problems, just DM me and I will help you get with us
23) AND THAT'S TOTAL WRAP UP FOR THIS POST

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24) will work on more payment options next week
25) in the mean time, THERE IS A ROUTE TO 2322-2350 now open (but a massive, massive underdog)

Binary_Forecasting_Service

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