Gold Cluster Chart 10-11-16

FX:XAUUSD   Gold Spot / U.S. Dollar
52 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.
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