MQP

MQP PRESENTS - THE WAY THIS ENDS EPILOGUE

Short
MQP Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
HEADER - This is bear outcome after bull outcome has been iced.

SUMMARY - Unless there is a miracle defrosting, this should be the next series of boxes.

DETAILS - It is a weak short for sometime into June.

NOTES - Will add if I have time.
Comment:
NOTES 1 - THURS 5/18 6:43 AM AT 1977.XX
a) ceiling right now under 1992
b) more weak zig zag expected until waterfalling to 1936
c) this waterfall should happen Friday after 11 AM ET into NY open on Monday 5/22
Comment:
NOTES 2 - 11-MIN BARS:
Comment:
a) for chart above:
b) zooming in, we should tagt 1968 or a bit lower today (Thursday)
c) and bounce to 1984 area on Friday morning
d) then finally crash to 1936 by Monday morning
Comment:
NOTE 3 - 10:30 AM ET 1958.XX
a) when I said 1968 or a bit lower right above, I saw a pause around 1965 and bounce
b) it sliced right through and tagged 1956.xx the last hour
c) so what now?
d) 4 hour momentum has it hitting 1936 today, within ... 4 hours
f) it doesn't have to, but there's no legit reason why it has to wait until Monday anymore...
g) whether or not it is today or Friday or Monday, 1936 is almost a forgone conclusion
h) almost..
i) this concludes my work here on Tradingview.com
j) thank you much for reading my stuff
k) see you... space cowboys...
Comment:
NOTE 4 - JUST SO YOU ARE AWARE OF THE ROLLOVER
a) because this move down is not yet finished,
b) and its implications for the rest of May is super annoying
c) here is what I see for now (SUNDAY MAY 21), to rest of May
d) starting with some fractals
Comment:
e) for chart above:
f) so that's 2012, 12-hour bar
Comment:
g) note that the fourth rolling over FAILED TO HIT THE DOWN TREND LINE
Comment:
h) for chart above:
i) so that's last year, 12-hour bar
j) note that the fourth rolling over TAGGED THE DOWN TREND LINE
Comment:
k) for chart above, 2020-2021
l) again fourth rolling over TAGGED THE DOWN TREND LINE
Comment:
m) for chart above
n) this is route one of two that I see
o) it means that Sunday night or early Monday features a break of DOWN TREND LINE
p) so it implies that gold will reach support gradually as I charted at the top of this page
Comment:
q) so that means support around 1900
r) for chart above:
Comment:
s) the second route features a gradual rolling over and then mini crash by last days of May
t) this "fill the gap" as some stated weeks earlier
u) but like I said, it could hit ATH first and then tag AFTERWARDS (who said it couldn't?)
Comment:
w) so what does tagging the DOWN TREND LINE HAVE TO DO WITH ANYTHING?
x) honestly... nothing really
y) if gets above it and FALLS BACK UNDER IT
z) then 1936 is a forgone conclusion, with 1870 on the table within 10 trading days
Comment:
NOTES 4 - 9:32 PM SUNDAY NIGHT, 1979.xx
a) my scanners say we should spike to 1994 now
b) within 60 minutes
Comment:
c) 9:40 PM (8 mins later, at 1978.xx)
d) but it needs to go now bc there's no middle ground here
e) failure to spike up hard would mean early reversal down to 1936
Comment:
f) 10:09 PM, 1976.xx
g) looks like early reversal it is
h) so, with exception of miracle spike up to 1994 area now...
i) we are looking 1936 this week (Mon/Tues) and...
j) 1865 next week, by Wednesday
k) that's all I've got
m) have a good one
n) END OF POST.
Comment:
FINAL NOTE - IN CASE YOU'RE STILL USING THIS CHART
a) it's 3 PM TUES MAY 23RD
b) if you replay the chart at top, price found support at 1954-ish today and looks like...
c) it may have sound support and is now challenging down trend line again
d) whether or not it has, the price pattern HAS VOIDED THIS CHART
e) so THIS CHART IS EXPIRED
f) good bye
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