848evo

Gold Cluster Chart 10-7-16

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
4
After that massive drop, it looks like PA has reached a somewhat stable point and clusters are starting to go back to normal. Today, ahead of NFP it looks like market has cleared up a lot and shows a very strong bear force. All the minor clusters that were popping up are all gone and the key clusters are have left are the 1250 support cluster with a large sell cluster right below it at 1248. I think NFP will cause PA to break through the support and trigger the sell cluster at 1248 for a slide down to 1235.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.