#4 THE MOST ACCURATE GOLD FORECAST IN THE WORLD

WARNING - This is the 11/06/23 CONTINUOUS EVOLVING FORECAST for ICE/IDC XAUUSD spot gold ticker. As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this is meant to supplement - not replace - your trading discipline and risk management. As always, when price moves against forecasts and the next one is not posted, SCRAP THE FORECAST and trade defensively.

HEADER - This is the 15-min bar 4-day generic forecast for overall direction and shape for price action detailed for the first 60 hours. Continuing from #3-5C, this recent extended (in time) has killed the quad top thesis. Now we wait for one more low this afternoon before slowly rallying all the way up. How far up depends on what price wants to do at the question mark area.

SUMMARY - Light blue is previous forecast. Dark blue is better than 8:2 favorite vs field. Dark blue is mirror image of light blue on a slanted line. That's why I have the question marks there. Orange is a massive under dog UNLESS price moves to 1973 AND CLOSE THERE.

FRAME OF REFERENCE - Links for 5 of most recent posts are below here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference and most importantly, as the ground of our conviction.

IF MY FORECASTS HELP YOU WIN - Want more accuracy or "around the clock" updates? Help me out by introducing my work to people you know ONLY BY WORD OF MOUTH. The more attention I have on this process, the more I will deliver. I need a strong rate of growth for followers to make this worth it. As it is, it's really not for me and I keep trying.

Comment:

12:55 PM ET, THE 3 ROUTES TO CLOSE:
a) we want price to close at 1985 or better
b) whether or not it checks down BEFORE OR AFTER
c) as long as it DOES NOT CLOSE AT THE CHECKDOWN
d) while it's still bullish, odds change meaningfully so be aware

Comment:

1:51 PM ET, 1980.xx IT SHOULD BOTTOM SOON
a) roughly 2:00
b) maybe 2:05

Comment:

c) 1:53, closer to 2:00 now

Comment:

1:24 PM 1979.XX WHERE IS THE SPIKE UP?
1) getting very late for it
2) be careful
3) in my car so can't help

Comment:

2:36 PM ET
1) previous note was 2:24 PM, typo
2) otherwise this is WHAT SHOULD HAPPEN:

Comment:

3) in chart above the close is 16:00 or 4 PM ET
4) the favorite is 2 legs to 1989
5) the second place is 1985 close and move to 1989 before 7:00 PM ET

Comment:

6) 2:40 PM ET becareful here at 1979.42
7) we need the spike now to prevent a deeper sell off

Comment:

8) 3:00 PM ET, it's do or die for bulls here:

Comment:

9) 4:03 PM ET, do or die and they didn't do it...
10) AND closed 1977.XX AT THE LOW
11) I wrote at first comments above at 12:55 PM ET:
>> c) as long as it DOES NOT CLOSE AT THE CHECKDOWN
>> d) while it's still bullish, odds change meaningfully so be aware
12) it's still bullish bc overall picture says bulls SHOULD spike up here
13) but as traders, while it's nice to know what SHOULD be...
14) we deal with WHAT IS first

Comment:

15) 4:17 PM ET, that means we need 2 things:
a) an expanded orange route bc that is what is happening
b) and a bull "manipulated curve" reversal
16) I'm hammering it out now

Comment:

17) for those that new to us, manipulated curves are price action that is not supposed to happen
18) except that they do

Comment:

THIS POST HAS ENDED, HERE'S #4-1 WITH THE ADDITIONS: