848evo

Gold Cluster Chart 10-11-16

FX:XAUUSD   Gold/U.S. Dollar
50 0 1
PA is trying to make it further down but is meeting a lot of resistance. DXY             is also about to hit the first 61.8 resistance level . From here, PA could keep dropping down, but more likely we will see a retrace up to hit the blue buy cluster and red sell cluster before the final drop. Will wait and see but overall still bear biased.
***** 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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