Gold Cluster Chart 10-20-16

FX:XAUUSD   Gold/U.S. Dollar
94 2 2
PA is currently stalled at the 272, but I believe we will see a further move up to hit the 61.8 fib / upper sell cluster to finish this divergence correction and then we should see a continued drop down as the DXY             regains strength.
***** 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.
Richmand808 PRO
4 months ago
Hi Evo. Thanks for sharing. Question: At 1250 +/-, I see no gray or colored line, yet it is an obvious area of strong support (the 300 EMA as of 10/20/16). Should we expect to see a Blue buy cluster line appear there regularly and the occasional red line just below there on this chart?
848evo PRO
4 months ago
Hi there Richmand, clusters will move around as market action progresses, right now, 1260 is the major support, there is support at 1250, but it's not as strong and there are several sell orders also around the 1250 area, so the actual net buy orders that could move PA up at 1250 is very low.
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