PRS LIVE TESTING #1/100 for OANDA:XAUUSD by Binary_Forecasting_Service

trendanalysis waveanalysis beyondta gc1! xauusd gld gdx gdxj gc gold xau

This process will take 100 trades. This is trade #1. As usual, I will provide updates as soon as I have time.

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Some food for thought:

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THIS IS THE UNDER DOG ROUTE

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11:30 AM THURSDAY, NOT MUCH MORE TO ADD NOW UNTIL SOMETHING SIGNIFICANT HAPPENS. THE CHART ABOVE'S ARROW POINTS AT THE 23RD. WE SHOULD HAVE SOME EVIDENCE ONE WAY OR THE OTHER BY NEXT TUESDAY.

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What does it usually do in this situation? Head for that median and bounce back to that LRC curve which by then will around 1740 (the previous intermediate high. That's it for now.

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Nothing more to say until Monday for this idea. Again, these are not day trades or even week trades. They generally resolve in 10 trading days. Sometimes 12-15.

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What I like to do sometimes is look at volume from a different angle or unrelated time frame to see if I can disprove it. I will post in second feom my phone.

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This is 8 hour POVI in desperate position. I will get into that when I have time.

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This is 90 min POVI in not ready to die yet compromised position.

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COMPARE AND CONTRAST:

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*** IF YOU GET A SHOT AT 1729/1730, THE R/R FOR A SHORT TRADE IS AS GOOD IT CAN GET. STOP LOSS 1738. TARGET 1680.

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If you are into wave counting, here's my count for the entire wave 4. I've said before, and I'll say it again. Elliot wave is the real deal, but it's incomplete. Don't believe me? Go to my first tradingview idea and hit replay. NO ONE CALLED THAT MOVE AT THAT TIME. NO ONE I KNOW. AND NO ONE YOU KNOW EITHER. AND NO ONE THAT USES ELLIOT WAVE AS THE FOUNDATION OF OF THEIR STRATEGY.

Even I thought my call was crazy. Didn't even trust it half way through. But that was the GC1! PIVO call at the time.

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The best "Elliotician" I know out there said it can't be timed. I've also been told bitcoin's the new gold. Well, we'll see about that. We all will, myself included.

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6/19 STOPPED OUT 1738. THIS IS CLOSED. WE ARE GOING A MORE AGGRESSIVE ROUTE UP. ITS GOING TOBE 1780 BEFORE CORRECTION TO 1738 THIS IMPLIES NEW ALL TIME HIGH. IN JULY OR AUGUST USUALLY TERRIBLE TIME FOR GOLD.

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