BUSY SO I'LL KEEP THIS QUICK. THIS IS WHAT GLD IS SAYING, BUT SPOT IS WEAKENING, FUTURES MAYBE NOT BE ABLE TO FIGHT MUCH LONGER.
1. GLD is saying 1750 in 48 hours
2. GC1! is saying 1 more rally to 1975+
3. XAUUSD (ICE not OANDA, I changed a while ago) is saying side ways to up BUT needs to step it up IMMEDIATELY
4. On 30-min bars and less, XAUUSD is looking like it has one last punch, but probably the last one
5. In this context BE EXTREMELY careful going long
6. I do not believe, like last Friday that futures buying can withstand the next wave of selling because all 3 instruments are weaker, with GLD being DRAMATICALLY weaker
1. GLD is saying 1750 in 48 hours
2. GC1! is saying 1 more rally to 1975+
3. XAUUSD (ICE not OANDA, I changed a while ago) is saying side ways to up BUT needs to step it up IMMEDIATELY
4. On 30-min bars and less, XAUUSD is looking like it has one last punch, but probably the last one
5. In this context BE EXTREMELY careful going long
6. I do not believe, like last Friday that futures buying can withstand the next wave of selling because all 3 instruments are weaker, with GLD being DRAMATICALLY weaker
Note
2:11 PM 1924.44 I not think that help will arrive in time, XAUSD is going flat and starting to look like GLD yesterday.Note
2:15 PM For trade records. Iam taking 1924 short tripple size. Stops 1930 1935 and 1940 for each entry.Note
Note 2:15 PM for records.Note
Note: that was for PRS LIVE trade # 5.Note
UPDATE 2.48 PM IF THIS GO DOWN TONIGHT:No time for a map so: I am seeing 1800 and bounce. To where? I dont have my laptop with me and my pen isnt working right, I am thinking 1862 bc that is current support. BUT REMEMBER : Untii there is a breakdown, THERE IS NO BREAK DOWN ABOVE 1911.
Note
10:24 PM, 1936 hit means entries stopped out at 1930 and 1935. REENTRY 1935.12 FOR THOSE TWO ENTRIES STOPPED OUT. RAISE STOP FOR ALL 3 TO 1944.Note
10:28 FOR THE RECORD: That mean that PRS is holding 3 entries short, averaging 1925.71 with stop at 1944.Note
7:36 AM FOR THE RECORD: DROP SL TO 1933Note
8:02 AM FOR THE RECORD: RAISE SL TO 1938Note
9:13 AM FOR THE RECORD: DROP SL TO 1925 FOR ALL 3 ENTRIES (averaging 1925.71).Note
9:14 AM TUESDAYALL TRADE NOTES AND UPDATES WILL CONTINUE HERE:
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