#3-5C - THE MOST ACCURATE GOLD FORECAST IN THE WORLD
WARNING - This is the 11/05/23 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 8-day generic forecast for overall direction and shape for price action detailed for the first 60 hours or through 11/08 (Wed) morning. Continuing from #3-5B, price is continuing to fill out the third of a quad top. Friday PM saw price held 1990 but failed to move for 2002. I said Friday morning that skipping the (1976-1981) check down will mean check down Monday AM. A subpar 1992 close has odds now favoring swings for the next 16 hours.
SUMMARY - Light blue and light oranges were saved from #3-5B. Dark blue is current 7:3 favorite vs field with two check down zones coming in Sunday night and Monday morning. In theory, we SHOULD only get one and not both. At THIS TIME, it looks like Sunday night check down. Brief gray hi-light has to be in the forecast only because it's Sunday open. Dark oranges are most likely bear routes that are massive underdogs but carry HUGE implications.
JAN 10 TO MAR 08 SETUP - 65 days until it starts, 124 days until it finishes. Please read end of #3-5B for a rough idea of what I planned out for you, and for quite some time too.
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.
HEADER - This is the 15-min bar 8-day generic forecast for overall direction and shape for price action detailed for the first 60 hours or through 11/08 (Wed) morning. Continuing from #3-5B, price is continuing to fill out the third of a quad top. Friday PM saw price held 1990 but failed to move for 2002. I said Friday morning that skipping the (1976-1981) check down will mean check down Monday AM. A subpar 1992 close has odds now favoring swings for the next 16 hours.
SUMMARY - Light blue and light oranges were saved from #3-5B. Dark blue is current 7:3 favorite vs field with two check down zones coming in Sunday night and Monday morning. In theory, we SHOULD only get one and not both. At THIS TIME, it looks like Sunday night check down. Brief gray hi-light has to be in the forecast only because it's Sunday open. Dark oranges are most likely bear routes that are massive underdogs but carry HUGE implications.
JAN 10 TO MAR 08 SETUP - 65 days until it starts, 124 days until it finishes. Please read end of #3-5B for a rough idea of what I planned out for you, and for quite some time too.
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:
11/05 12:22 PM ET - WILL ADD NOTES ABOUT BOXES LATER.
Comment:
a) if you zoom out a bit in chart at top
b) there's 2 blue boxes and 1 orange box
c) notes on Saturday (last post link below) I said the differences between ...
d) the routes to January 10 and trough March 8 are (very generically speaking):
e) the orange box would be for bear route
f) but counter-intuitively, the TOP blue box implies weak bullish route
g) the BOTTOM blue box actually implies a route 2450-2540 base on the patterns we have
11/05 1:36 PM ET HERE IS 2-MIN BAR TO RECONCILE THE GRAY ROUTE ABOVE:
b) there's 2 blue boxes and 1 orange box
c) notes on Saturday (last post link below) I said the differences between ...
d) the routes to January 10 and trough March 8 are (very generically speaking):
f) but counter-intuitively, the TOP blue box implies weak bullish route
g) the BOTTOM blue box actually implies a route 2450-2540 base on the patterns we have
11/05 1:36 PM ET HERE IS 2-MIN BAR TO RECONCILE THE GRAY ROUTE ABOVE:
Comment:
1:47 PM ET - 2-MIN BAR TO RECONCILE THE GRAY HILIGHT ABOVE:
a) for chart above, BOTH ARE bull routes
b) first, the "Sunday night check down"
c) odds only favor it for the first 60-75 min after open
e) so at 7 PM ET and price is still above the black dashed line
f) it's NOT going down but will then GO UP first then weaken to
g) 8 AM window where the black line again determines "Monday morning check down"
h) BUT if it moves DOWN FIRST Sunday night, then Monday AM should be spike up (again, mirror image)
b) first, the "Sunday night check down"
c) odds only favor it for the first 60-75 min after open
e) so at 7 PM ET and price is still above the black dashed line
f) it's NOT going down but will then GO UP first then weaken to
g) 8 AM window where the black line again determines "Monday morning check down"
h) BUT if it moves DOWN FIRST Sunday night, then Monday AM should be spike up (again, mirror image)
Comment:
i) I had to fix the time in the chart just now
j) so deleted the boxes notes, will post the boxes notes again later
j) so deleted the boxes notes, will post the boxes notes again later
Comment:
2:05 PM ET, CHART AT TOP HAS 3 BOXES, 2 BLUE FAR RIGHT, 1 ORANGE BOTTOM LEFT
1) in notes for previous post, I closed out with a chart like this:
2) so orange box is for orange rougte
3) but counter-intuitively HIGH blue box is for WEAKER BLUE ROUTE
4) LOW blue box is for MAX BULL
1) in notes for previous post, I closed out with a chart like this:
3) but counter-intuitively HIGH blue box is for WEAKER BLUE ROUTE
4) LOW blue box is for MAX BULL
Comment:
6:20 PM BLIND ON MY PHONE BUT:
1) bears only have another hour AT BEST
2) they have to hold the line to go 1981
2) they have to hold the line to go 1981
Comment:
3) or 1988 FLAT for 20 MIN
4) that will change the 90-120 min window
4) that will change the 90-120 min window
Comment:
5) 6:30 PM ET 1988.86 BEARS HAVE TO HOLD THE LINE HERE!
6) if not it could be spike up in 15 min
7) gotta drive again
6) if not it could be spike up in 15 min
7) gotta drive again
Comment:
8) bears are ferocious! 25-35 min left, clock is ticking!
Comment:
9) 6:51 pm it's over
Comment:
10) driving so can't add more
Comment:
8:13 PM 1990.XX
1) should move to 1995-1996 before slowing down
2) then zig zag before above 2002 1AM ET ish
1) should move to 1995-1996 before slowing down
2) then zig zag before above 2002 1AM ET ish
Comment:
3) 8:44 PM, no 1996 is overnight high
4) can't move above 2000 until close to 8AM
4) can't move above 2000 until close to 8AM
Comment:
11/06 12:06 AM ET 1983.XX
1) not a surprise bc it went back to tracking dark blue if you zoom in above
2) but by NOW, we are late for the move back up OR
3) early for the orange route
4) while everything days and weeks out haven't changed any
5) the 2 min bar chart flashed a super bearish signal for this reversal to 1981.xx AFTER MOVING ABOVE the bold trend line
1) not a surprise bc it went back to tracking dark blue if you zoom in above
2) but by NOW, we are late for the move back up OR
3) early for the orange route
4) while everything days and weeks out haven't changed any
5) the 2 min bar chart flashed a super bearish signal for this reversal to 1981.xx AFTER MOVING ABOVE the bold trend line
Comment:
11/06 12:47 AM ET 1984.45
6) it's been down here for too long now which extrapolates into 4 routes
7) I can't tell which one:
6) it's been down here for too long now which extrapolates into 4 routes
7) I can't tell which one:
Comment:
8) for chart above: light blue and light orange are from chart at top
9) the dark blue and dark orange are new routes
10) in order to stay with light blue, price MUST move straight up past 1995-1996 and hold
11) preferably in 2 hours
12) so?
13) see those two descending resistance lines?
14) we deal with straight lines first
15) first one points straight at 1962, but price, if holding that line will get there by 5-6 AM
16) price has to get past BOTH OF THOSE LINES first...
9) the dark blue and dark orange are new routes
10) in order to stay with light blue, price MUST move straight up past 1995-1996 and hold
11) preferably in 2 hours
12) so?
13) see those two descending resistance lines?
14) we deal with straight lines first
15) first one points straight at 1962, but price, if holding that line will get there by 5-6 AM
16) price has to get past BOTH OF THOSE LINES first...
Comment:
8:20 AM ET looks like 1977 next and that should hold.
a) in 10 min if quick
b) in 130 min if slow
a) in 10 min if quick
b) in 130 min if slow
Comment:
c) binary spikes forming 7:27
Comment:
d) 8:33 1988.XX moving for 1894 and stall
Comment:
e) typo 1994 typo and stall
Comment:
f) BECAREFUL! it could be 1977 then 1997 spike down spike up
g) can't tell here it's just really hard
g) can't tell here it's just really hard
Comment:
h) 8:40 AM ET under 1986.5 be suspicious AF
Comment:
i) 9:00 AM BULLS MUST HOLD 1986.5 HERE
Comment:
j) 1986.xx time for rug pull
Comment:
k) bears have 5 more min to 9:30 to force rug pull
l) at 9:30 it's 5/5 on 15 second bars
m) then its a fight 1994
l) at 9:30 it's 5/5 on 15 second bars
m) then its a fight 1994
Comment:
n) bears broke support and its holding meaning 1977 is what they want
o) if you replay chart at top, it's been closest to orange, but moving down now means even more bearish then orange
o) if you replay chart at top, it's been closest to orange, but moving down now means even more bearish then orange
Comment:
p) I have new routes but they mean nothing until we get a reaction at 1977
Comment:
q) the picture is a mess now for 16-24 hours
r) the only way to do this is live the entire time and that I can't do
s) gotta run
r) the only way to do this is live the entire time and that I can't do
s) gotta run
Comment:
11:07 AM ET 1982.50 AFTER BID ASK MOVED TO 1979.XX
a) from my end it's not over
b) so a second bottom later today
c) but I have a new draft coming maybe in 30 min
a) from my end it's not over
b) so a second bottom later today
c) but I have a new draft coming maybe in 30 min
Comment:
THIS POST HAS ENDED HERE IS #4:
Related Ideas
a) are various extrapolations of price in the last 24 hours or trading
b) it's how I choose the hi-light path and determine the handicaps