Introduction - This is a followup to DRAFT 7-2, which was shredded by bears of the UK this morning at 3 AM. Combined layered trends on all time frames say gold is about to correct this problem by going to 2400 before London re-opens in order to avoid shenanigans on the way up.
Naturally, we expect one round of selling in Asian session at the 44-year trend line sitting at 2350. Experience say that old habits die hard and gold will get hammered down at 3 AM ET again an hour after London wakes up.
Detail - Today saw us left DRAFT 7-2 to deal with an emergency signal set off by a consistent pattern of selling out of London early in the morning. After we confirmed that low was indeed in, we finished 7-2 after tagging 2298. However, it's obvious that none of the routes I made available before or after this situation was going to to hit. Binary Forecasting Service trend engine is picking up gold's intention of going to 2410 by avoiding London altogether. Hence, this is base case for next 12 hours. See previous work for reference.