Binary_Forecasting_Service

MQP INFINITE REGRESSION #007-5 ONE MORE REQUIREMENT.

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
SUMMARY - Like for support! This is continuation for #007 series. Links for #007-1, 2, 3, and 4 are below. For the purposes of forecasting, this most-updated chart is all you need because it includes all information from the previous 4. Infinite Regression is expecting more zig zags to a lower high under 1815 by FOMC on 11/03. This cat will get rug pulled to 1740-1750. The "one more requirement" is the bold box around PPI release for 11/15, gold price needs to spike and hit this box AND HOLD for 2 or 3 days. This is necessary because short and intermediate regressions need 'GET IN POSITION' for trend change after 12/15. They are not right now. Hence, the low window is 11/22 to 11/30. Go long after Thanksgiving. I really believe 1700 will get hit, may be even 1690. The first signal up should be 12/01's ADP with the the spike occurring on 12/03'S NFP. Decisive move up be second half of December starting with 12/15's FOMC. 1900 should get hit prior to January.

DETAILS - Follow the highlighted blue path as it the boxes one by one. Orange and red watermarks are essentially high/low bounds for next 60 days. If price sticks to either for longer than 2 weeks, this will change forecast meaningfully, especially if price takes bear path. That said, blue path is now over 2:1 vs. ALL OTHER possibilities. Vertical lines color code are: blue for FOMC, gray for ADP, black for NFP, orange for CPI, red for PPI and yellow for new moon. November's CPI release comes before PPI, reverse for December. This post is listed as "SHORT" because gold is falling prior to December. I will say that this piece is the most completed work I have presented to date. Enjoy and good luck.
Comment:
BTW - This post is a very high quality "cheat sheet".
Comment:
BTW2 - If you zoom out, you will see price boxes for mid February to end of March. The zone from 12/01 to 02/20 can't be projected until after X-mas.

Binary Forecasting Service is a premium 16-20 hour per day CONTINUOUSLY UPDATING GOLD FORECAST for the global forex 3-session system, successful in all three. This is available in monthly and weekly subscriptions. Let me know if you want to subscribe.
Disclaimer

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.