Gold Cluster Chart 10-7-16

FX:XAUUSD   Gold/U.S. Dollar
56 0 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.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.

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