Gold Spot / U.S. Dollar
Short
Updated

RIGHT NOW #002

7/25, 1:15 PM ET, 62.93. Once again for 8 hours only. This draft we will find 2348 and 2331.
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1:20 PM, 61.xx, so the hi-light is super light bc I am not sure when the move supposed to be.
1) but I switch up to 8 hour posts
2) so we will not be hamstrung by anything
3) this will make much more sense one week out
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1:22 PM, 59.94, we are still favored for 48. Just not as favored 20 minutes ago.
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1) in chart above 2 lines that determine when for 48 and 31
2) are bold black and bold blue lines
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3) 1:28 PM, 53.85, looks like we going to find 48 soon.
4) the reason I switch draft is I saw a reversal developing
5) and I wanted to clear my mind
6) so it's influenced NOT by "narration" logic
7) I can just tell you what is happening without having to fit a "story"
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1:36 PM ET, 54.45, next 20 min super critical for 48 and 31.
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12:43, 55.58 IS NOT A GOOD SIGN.
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1:46 PM, 53.61, my stop is 55. 3
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1:52 stopped out
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1:54 so yeah, looks like 53.xx was all you get this session.
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2:19 it looks like it wants to hit that top box which s 70....
1) not saying it can
2) that's just implied
3) we ARE GOING TO 48 AND 31 but it does not have to be now
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3:01 PM SHORT BACK ON 56.82
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Looks like we are going to 40 now.
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No we are not. Out again 57.34.
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Sorry, I thought gray route had it. But no, it didn't drop. So that means orange is going to pull this out.
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Until price off and under that red line. Orange route is still super-live.
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3:20 PM That's a wrap .
1) next step is
2) short price at the box tonight
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1) in chart above, after red line breaks I will post #003
2) dealing with the break down to 2330s
3) the move here to the short high not long on the way up
4) but if that's your thing, the red line is your risk manager
5) all other lines have not changed since #001
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6) in chart above, expect bulls to retake both support from
7) trend line since 1985 in Feb and the 44 year trend line too
8) that means close to 2381 high
9 I didn't see it until minutes ago after NY aftermarket close
10) so?
11) so that's 50 points from 2381 to 2331 midnight Friday NY close
12) not terrible for 16 hours
13 but Iam sure the blue hi-light is underestimating 2-way vol
14) so blue route needs more zig zag for being that high
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5:28 PM, So yeah, first move here is straight to top of top box over red line.
1) so it would be 238
2) that's where you sell and simultaneously short
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3) typo in previous note, "so it would be to 2382"
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4) hold that thought while I see what's up
5) be careful with longs here
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6:32 PM ET, SHORTING NOW, AT 62.05
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a) it's losing bullish position right tow
b) my stop is 66 so I can sleep
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c) 7:56, 2364.06 too early
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d) here's why:
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e) it's going to do 5-6 of these mini tops
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f) on a curve
g) so the highest top is not in yet
h) so we probably wont get to 72 or even 70
i) but 68 seems really reasonable
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AND HERE'S #003
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RIGHT NOW #003

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