#5-8 THE MOST ACCURATE GOLD FORECAST IN THE WORLD
SUMMARY - This is the (second in 3 hours) 11/20/23, 15-min bar, 24-hour ultra detailed, CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. Continuing from #5-7, I started writing this 100 pt move in (originally needed 34 hours to complete the first 90 to 2080) at 5:06 PM ET while still at 1977. By 6:27 PM realized it would take 18 hours or until 12:30 PM ET Tuesday right ahead of FOMC minutes release at 1 PM ET. Because the has already started strong, I am getting this up now and adding notes here for the next 21 hours (no sleep), or until NY closes tomorrow.
WARNING - 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 MUST be used with continuing notes posted the following 12-16 hours to supplement - not replace - your trading discipline and risk management. As of late, forecasts are once/twice per day to be continuously relevant. As always, when price action disagrees with forecast meaningfully and I do not respond in time, SCRAP THE FORECAST and trade defensively.
HOW TO USE - Blues are strong bull routes. Oranges are strong bear routes (none this time). The darker the color, the more likely price action will take that path.
THIS TIME THERE IS ONE PATH - As long as curve holds, this move is straight to 2045-2050 before the first strong check down. This should come right around 7:30 AM ET. After which price will follow the regression fractal and top ahead of FOMC minutes release. This will be followed by a move to at least 2050 again by the NY market closes Tuesday afternoon.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference, but most importantly, as evidence that these forecasts help you cash day in and day out. Ask my readers.
IF MY FORECASTS HELP YOU MAKE REAL MONEY - Want more posts, more accuracy and more updates? Help me out by spreading the word to people you know PERSONALLY. Word of mouth is the best way to help make this a thing. The more demand I have for this, the more posts on more tickers I will make. The current rates of followers and readership is really not worth it for me to keep going, but I keep trying everyday to make you money. If you don't have friends because your wife say they are too much fun, well then I guess hit the boost/like button.
WARNING - 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 MUST be used with continuing notes posted the following 12-16 hours to supplement - not replace - your trading discipline and risk management. As of late, forecasts are once/twice per day to be continuously relevant. As always, when price action disagrees with forecast meaningfully and I do not respond in time, SCRAP THE FORECAST and trade defensively.
HOW TO USE - Blues are strong bull routes. Oranges are strong bear routes (none this time). The darker the color, the more likely price action will take that path.
THIS TIME THERE IS ONE PATH - As long as curve holds, this move is straight to 2045-2050 before the first strong check down. This should come right around 7:30 AM ET. After which price will follow the regression fractal and top ahead of FOMC minutes release. This will be followed by a move to at least 2050 again by the NY market closes Tuesday afternoon.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference, but most importantly, as evidence that these forecasts help you cash day in and day out. Ask my readers.
IF MY FORECASTS HELP YOU MAKE REAL MONEY - Want more posts, more accuracy and more updates? Help me out by spreading the word to people you know PERSONALLY. Word of mouth is the best way to help make this a thing. The more demand I have for this, the more posts on more tickers I will make. The current rates of followers and readership is really not worth it for me to keep going, but I keep trying everyday to make you money. If you don't have friends because your wife say they are too much fun, well then I guess hit the boost/like button.
Comment:
8:16 PM ET and 1988.xx, we are on time for this move.
a) since we call the "start" of the move at 6 pm ET, we have 19 hours to FED minutes
b) we should hit 2080 ahead of that considering our setup
c) I actually think we can hit this by NY open which is 9:30 ET...
d) the move that I called its regression fractal from 10/13 was a bull arc setup in a bear context
e) which by definition, EXCEPTIONALLY STRONG bc of bull rally in bear position
f) right up there with any high vol spike up
g) almost 1990 as I type..
hj but the only thing that claim it's stronger??
i) is a bull arc in a bull context
j) stronger means? '
k) more and faster
l) so it being 8:25 PM ET, I have moderate coviction we finish the move before markets re-open
a) since we call the "start" of the move at 6 pm ET, we have 19 hours to FED minutes
b) we should hit 2080 ahead of that considering our setup
c) I actually think we can hit this by NY open which is 9:30 ET...
d) the move that I called its regression fractal from 10/13 was a bull arc setup in a bear context
e) which by definition, EXCEPTIONALLY STRONG bc of bull rally in bear position
f) right up there with any high vol spike up
g) almost 1990 as I type..
hj but the only thing that claim it's stronger??
i) is a bull arc in a bull context
j) stronger means? '
k) more and faster
l) so it being 8:25 PM ET, I have moderate coviction we finish the move before markets re-open
Comment:
8:28 PM NO .. IT'S EVEN QUICKER!!
a) the setup actually is almost the same bar size and ratio
b) to have it exact, we will make it 20% longer
c) so BEFORE WE ADJUST FOR BULL STRENGTH
1) it should be ONLY 6.5 HOURS TO 1950
2) AND ....
a) the setup actually is almost the same bar size and ratio
b) to have it exact, we will make it 20% longer
c) so BEFORE WE ADJUST FOR BULL STRENGTH
1) it should be ONLY 6.5 HOURS TO 1950
2) AND ....
Comment:
3) 7 HOURS AFTER THAT TO 2072...
4) I announced the move at 1977.xx so I'll call it a day if I get 95/100...
5) before we cut it down
6) that means 3 AM ET FOR 1950, AND 10 AM FOR 2072
7) now let's adjust for bulls strength...
8) this will take me a while
4) I announced the move at 1977.xx so I'll call it a day if I get 95/100...
5) before we cut it down
6) that means 3 AM ET FOR 1950, AND 10 AM FOR 2072
7) now let's adjust for bulls strength...
8) this will take me a while
Comment:
10 bull curves are weaker bc the are not as tight...
11) SO 3:15 AM 1950 and 8:45 AM 1972...
12 THAT'S BASE CASE...
11) SO 3:15 AM 1950 and 8:45 AM 1972...
12 THAT'S BASE CASE...
Comment:
13) if you replay #5-7 here:
Comment:
a) see how it's faster than all of therm??
b) when I posted that... I had one wave off..
c) so couldn't figure out which one was the favorite...
d) and then I added a darker blue start to it...
b) when I posted that... I had one wave off..
c) so couldn't figure out which one was the favorite...
d) and then I added a darker blue start to it...
Comment:
e) I did that thinking a reverse heads and shoulders is great, and why not, it gave us...
f) a stronger route than BOTH OF THE OTHER TWO..
g) but while I tried figure how that move would look
h) I realized that i's a perfect bull arc...
i) WHICH IS CRAZY.. bc I was going to say f this hi-light and go work on my x-mas decorations
j) and that I WOULD NOT HAVE LOOKED AT IT AGAIN ... thinking in my mind..
k) nothing worth looking at UNTIL FED MINUTES!!
l) so I caught this move only bc I MADE A MISTAKE!
f) a stronger route than BOTH OF THE OTHER TWO..
g) but while I tried figure how that move would look
h) I realized that i's a perfect bull arc...
i) WHICH IS CRAZY.. bc I was going to say f this hi-light and go work on my x-mas decorations
j) and that I WOULD NOT HAVE LOOKED AT IT AGAIN ... thinking in my mind..
k) nothing worth looking at UNTIL FED MINUTES!!
l) so I caught this move only bc I MADE A MISTAKE!
Comment:
9:16 so we in this first slow down near 1993
a) this will be, hold on....
a) this will be, hold on....
Comment:
b) to be conservative, we should clear it and move up by 10:30-10:45
Comment:
c) dang it, I gotta go do something for a little bit.. hold on..
Comment:
d) ok so, use the replay at the top... ok?
e) these are 15-min bars..... dang it
g) so price CAN cross into hi-light BUT CANNOT CLOSE BEHIND IT..
h) MUST LEAD THE ENTIRE WAY...
i) so let's say it's 12 minutes into ONE BAR...
j) and it's not showing signs of a reversal up
k) BE SUSPICIOUS AF.. ok?
l) 9:45 now so I'll be back by 11:15
e) these are 15-min bars..... dang it
g) so price CAN cross into hi-light BUT CANNOT CLOSE BEHIND IT..
h) MUST LEAD THE ENTIRE WAY...
i) so let's say it's 12 minutes into ONE BAR...
j) and it's not showing signs of a reversal up
k) BE SUSPICIOUS AF.. ok?
l) 9:45 now so I'll be back by 11:15
Comment:
10:18, during the replay, zoom in tostretch the chart sideways
a) if you don't it looks like it's in the hi-light
b) BUT IT'S NOT...
c) this matters because it decides if we go all the way up or just a SRTONGER/FASTER version of chart #5-7
a) if you don't it looks like it's in the hi-light
b) BUT IT'S NOT...
c) this matters because it decides if we go all the way up or just a SRTONGER/FASTER version of chart #5-7
Comment:
10:32 .. phew..
d) not looking hot right now from my end...
e) we need to get above 1993 quick or the curve shifts..
f) first shift mean an absolute cap at 2048...
g) we have not made that shift...
d) not looking hot right now from my end...
e) we need to get above 1993 quick or the curve shifts..
f) first shift mean an absolute cap at 2048...
g) we have not made that shift...
Comment:
h) we still have 15-20 minutes before it shifts..
Comment:
11:05 PM ET.. 1993.52 ..
a) too slow causing some problems
b) now there are condition targets that must be met to prevent ceiling from dropping
a) too slow causing some problems
b) now there are condition targets that must be met to prevent ceiling from dropping
Comment:
c) first things first, if we don't continue up to stop the short curves from turning...
d) it means back to 1988 and lower...
e) while I type... odds do not favor that
f) but can change in 6 minutes or less if we dont see ''95 -'96
d) it means back to 1988 and lower...
e) while I type... odds do not favor that
f) but can change in 6 minutes or less if we dont see ''95 -'96
Comment:
11:15 it just turned ands says it once 1990-91 first
a) this is going kill an hour and tha'ts way too much time to lose for this curve
a) this is going kill an hour and tha'ts way too much time to lose for this curve
Comment:
b) we are still in first box, still favored for 2015 and 2048 after that...
c) anything above 2048 is coinflipping
d) depending on whether or not this turn here sticks
c) anything above 2048 is coinflipping
d) depending on whether or not this turn here sticks
Comment:
11:54 pm et 1991.42 bulls need to spike up here
a) this spot is mportant
b) lose here and it get bad
c) win here and the night is still young for them... nothing has to be taken off the table
a) this spot is mportant
b) lose here and it get bad
c) win here and the night is still young for them... nothing has to be taken off the table
Comment:
12:24 1992.35 IT'S OVER.. THIS POST HAS ENDED
a) bulls ran out of time
b) curves have all moved....
c) I''m sorry it didn't happen.
a) bulls ran out of time
b) curves have all moved....
c) I''m sorry it didn't happen.
Comment:
d) I am trying to figure what next here
Comment:
e) the only thing logical is this again:
Comment:
f) so all my money off the table
g) we still have a pretty move for #5-7 for FED MINUTES....
h) so that's where I am continuing next..
i) that is TOTAL SHUTDOWN FOR #5-8 at 1992.55 AND 12:30 AM ET
g) we still have a pretty move for #5-7 for FED MINUTES....
h) so that's where I am continuing next..
i) that is TOTAL SHUTDOWN FOR #5-8 at 1992.55 AND 12:30 AM ET
Comment:
j) my only worry is it pulls back up after I go to sleep
l) but I REALLY DON'T THINK SO, I"m ok with being wrong here
l) but I REALLY DON'T THINK SO, I"m ok with being wrong here
Trade closed: stop reached:
THIS ONE IS DONE! GO BACK TO #5-7 AND GET READY FOR TOMORROW'!
Related Ideas
a) also implies at least 3600-3800 by JANUARY 2026
b) that means you need to let people you know about what we are trying to do here for the next 27-28 months
c) it's an excellent opportunity to profit
d) and I am basically callling price action for 20 hours a day now
e) and when it's worth it, I don't have to sleep