FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
INTRODUCTION - This is 02/12/24, 15-min bar, ultra-detailed, 16-hour trend map for FXOPEN XAUUSD spot gold ticker. This chart is expected to be useful until first vertical dashed line or 16 hours. If price disagrees meaningfully, then this map expires IMMEDIATELY. If price agrees, then recasting is required after 16 hours.

DETAILS - The previous #2 draft was cancelled prior to Sunday open due to Super Bowl Sunday price patterns for the last 8 years. Now that the Chiefs are back-to-back champions, we can get on with the rest of this week. Continuous vol compression since open means:

1) even more compression on Tuesday
2) this has the effect of stretching out the move to 2065 over more time
3) so chart above has 3 routes to 2065
4) they would be Tuesday afternoon, overnight, or Wed AM
5) this also moves 2085 to end of Friday or Sunday night

WARNING - This material is for experienced and responsible traders only. If you have any question in your mind whether you are experienced or responsible, then THIS IS NOT FOR YOU. As precaution, the first rule of trading is DO NOT lose money. As reminder, the second rule of trading is do not forget the first rule. As prerequisite, please familiarize with this process first before applying to your strategy. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement but NOT REPLACE your trading discipline and risk management. If the limits of the update feature or update frequency do not satisfy your risk profile, then THIS IS NOT FOR YOU. As always, when price action disagrees with forecast meaningfully to you, IMMEDIATELY SCRAP THE FORECAST and trade defensively. If it is not obvious to you what meaningfully means in this context, then I repeat for a third and final time, THIS MATERIAL IS NOT GOING TO HELP YOU.
02/12, 2:23 AM ET - With super bowl over, volume and trend should normalize, and that means:
1) I am pretty sure about a Tuesday spike
2) I am not sure how long it should take for the whole move (2020-2065)
3) I am pretty sure about tagging 2085 by 02/19, next Monday AM
3:02 AM ET, I'm going to be d now, so:
9:44 AM ET... NY just opened and we lost the first box for the second time..
1) kills the route to CPI
2) kills the route after CPI

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.