16-HOUR/DAY CONTINUOUS GOLD FORECAST, PPI "M" TOP BANGER for FX_IDC:XAUUSD by Binary_Forecasting_Service

16-HOUR/DAY CONTINUOUS GOLD FORECAST, PPI "M" TOP BANGER

Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with current favorite outcomes highly detailed in proprietary trend maps through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using this without staying updated is dangerous. If you can't follow the updates, it is highly recommended that you DO NOT USE THIS. You have been warned.

Details - From previous post, the low in the middle was previous quoted at 47-52-45-36. In a series (see previous post). I just have a really hard time seeing this under 2342.5. Other wise, thsee hi-lights are actually four outcomes that all look basically the same. PPI 50 pt banger now looks like 40 pt banger with moderate 2-way vol which is not necessarily "banging", but we do what we can, don't we all?

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3:17 AM, 5/13, SO THIS MIDDLE ZONE IS JUST LOTS SIDEWAYS
a) scalp all you want
b) see you later morning bc it's 50 right now as I type
c) and it's HARD to 10 in either direction untill...

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d) like near NY CLOSE..
e) don't try t0o hard bc this thing is not going anywhere
f) wont' get interesting until at least 9 PM ET
g) before the last run up 52-77-ish

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3:29 AM, the only decent trade during NY
a) long 45 from 9 to 11AM
b) and tp 60 2-3 PM
c) but that's the ALMOST THE ENTIRE RANGE OF VOL
d) you you'd be lucky to get all that

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e) that's this right here:

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f) and it don't look like a straight move either
g) looks like made up of zigzags
h) so take it easy

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i) after this M maybe one more M
j) but the last leg of the second M is the interesting one

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4:33, 2343.xx straight line discipline your shorts here
a) no visible value except 36
b) I can't call it, just too awkward and and deep
c) SO DISCIPLINE YOUR EXITS WITH STRAIGHT LINES

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7:45 AM

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1) so broke first line
2) tagged box
3) working on second line
4) we are too far from third line to expect that much vol for NY session
5) so?

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6) only the bold line and the two boxes matter
7) odds of 2375 before CPI REMAIN HIGH AS THE EIFFEL TOWER
8) THAT INCLUDES A CHECKDOWN TO 36 BEFORE LONDON OPENS
9) which means 10-11 PM 2336, AND 8:30 TOMORROW IS 2375

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9:48 AM zoom in:

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9:58: This is better:

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10:22.. .IT'S A 60/40 if 36 or not, right now it's 43, 60/40 NOT
a) NOT OBVIOUS EITHER WAY
b) so be careful, I have to get in my car

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c) I'm driving so consider binary

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d) NOT OBVIOUS AT AT ALL YET.. so becareful

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11:15, 37.XX that spike only made 39.70 and didn't hold there
a) this is a problem for the ten hours
b) bc the pattern here is really tough to figure out
c) why? , bc short term and medium term disagree sooo much for this zone
d) I last night I saw a route to 36
e) already tagged 34
f) so int that sense, it's max pain for bulls already

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g) strategy here IS DO NOTHIN until...

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h) it's 11:20 now as I type, four hours, so 3:30-ish PM
i) CANNOT SHORT BC IT'S AT THE FLOOR
j) CANNOT LONG bc short trends out of position

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11:28 .. IF YOU WANT TO BET ON THE FLOOR BREAKING , HARD STOP 38.5

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11:32 2333.XX this part sort of a gamble
a) bc price is soooo out of position
b) next levels are 28 and 23
c) but becareful for sudden reversals

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11:48 AM .. there's a HARD SWING UP IN PLACE RIGHT NOW
1) I just don't know if bulls will take it
2) it would look like this:

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12:35 PM ET, That high tomorrow at 2370-75 just won't die:

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1) if price continues to move south under 36
2) I'm just going to stop mapping it
3) it's way out of position with awkward looking trend maps

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4) 1-min bar again

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THIS POST HAS ENDED HERE IS, NEXT 24 HOURS:

16-HOUR/DAY CONTINUOUS GOLD FORECAST, PPI 50 PT CROOKED M BANGER

Binary_Forecasting_Service

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