Binary_Forecasting_Service

MQP 23 WINTER IS COMING DRAFT 2

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
HEADER - This is a supplement. This is used to confirm that DRAFT 1 makes sense with all corresponding bollinger bands and their extensions incorporating some important trend lines.

SUMMARY - Draft 1 was 3 sets of 3x regression layers. It was made using 9D, 3D, 1D, 12H, and 8H bars. That is to say that it focuses on longer (naturally more crucial trends). This draft deals with a number of bollinger bands (hence volatility swings) with respect to important trend lines, and A THEORETICAL trendline.

DETAILS - The boxes are chosen in an area that makes sense for both first draft and second draft. Theoretical trend line is from March high to August theoretical high ahead of JACKSON HOLE FOMC late August. More later.
Comment:
NOTE - Draft 1 was layered on IRL 3/4 ratio, which is not one of the 3x3 sets. I didn't say 4th set bc it needs edits.
Comment:
Comment:
Monday, June 6th update: 11:38 CT.

1) see chart right above
2) not much has changed
3 no update needed until end of June at earliest, maybe even mid-July
Comment:
Comment:
Saturday, June 18th, 9:28 PM ET...

1) see chart above....
Comment:
2) we should get a bounce to 1880 again by end of June
3) followed by an absolutely crucial July
4) first, NFP is on 7/8, that's really late (and kind of strange, it's rare for it to not be first week
5) CPI is 7/13, PPI is 7/14, and FOMC is 7/28...
Comment:
6) if you replay chart at top, 6/12 spike was pretty weak in that it didn't even tag the recent DTL since march
7) hence, it REALLY NEEDS TO DO SO before July
8) and if it doesn't?
9) odds would favor new low...
10) and gold bull thesis would look TERRIBLE
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.