Continuing directly from 7C, next up for gold is new all time high with 60-75 point rug pull. Here are notes:
1) price closed aftermarket 2410
2) in chart above, oval again is retrace/strong buy area BUT there are two routes
3) they are basically the same but blue has a 16-24 hour delay
4) in the opinion of my BFS trend engine..
5) yellow route is favored 3:1
6) for buy-and-holders, THIS MAY OR MAY NOT MATTER ( depending on your time frame)
7) for swing traders (and every body else), EXIT HIGH AND RE-ENTRY IS 2390
8) confirm either yellow or blue through price action
9) in the first 3-6 hours after Sunday open vs. the bold down trend line
a) if yellow route, price will move up
b) past 2520 yellow is favored 4:1
c) past 2424, there's no chance for blue come back
d) with blue route, price moves down breaking bold trend line
e) in the first hour under the line, yellow is still favorite
f) because of fake out + spike up scenario
g) especially in the FIRST 90 MIN - AND - ABOVE 2407
h) if past 90 min - OR - under 2407, blue is favorite
i) how long the delay is simply depends on how far down bears get
j) blue hi-light is worst case scenario if bears move for 2397
k) for example, if floor is 2405 then price SHOULD BE BETWEEN YELLOW AND BLUE
l) with that said, ALL SIGNS POINT TO YELLOW before open
10) besides this, once above 2424, BOTH ROUTES ARE THE SAME
11) first top around 2449+/-3 current all time high -- EXIT HERE
12 there should be a decent 24 point drop before second top 2449-2462
13) most extrapolations favor 2390 RUG PULL
14) this is where we reload for 2500s
15) WITH EXCEPTION IN WHICH 2410 HOLDS AND PRICE MOVES DIRECTLY FOR 2520
16) this is what I originally thought, but ODDS DO NOT FAVOR 2410 HOLDING
17) if price stalls 2410 for 12-16 hours then we will consider this scenario
18) represented by dotted line to question marks high
19) will add more soon