4xForecaster
Short

High-Prob Decline To Wolfe 1-4 TP Line | $XAU $XAG $Gold #forex

FX:XAUUSD   Gold/U.S. Dollar
2699 36 28
PATTERN PROFILE:

Bill Wolfe's Wolfe Waves Pattern - Completed
Target = 1-4 Line ("Take-Profit" Line)
Trigger = 2-4 Line R/S action/reaction
SL = 1232.55


PREDICTIVE/FORECASTING MODEL:
- Future R/S Levels:
1177.42
and
1165.85

- High-Prob Reversal:
TG-1 = 1153.76 - 11 DEC             2014

INVALIDATION:
BACA > 1232.55

-------------------------

Note: Recent analysis suggested a rallying into the 1231.93-1226.34 range, which held per forecast. At this point, a background Wolve Waves completed (see pink plots: 1-2-3-4-5). The pattern's 2-4 Line acted as support until a recent breach and small rally, stomped at the line's underbelly.

Expectation here is a price compliance to background geometry, which demands further completion towads its 1-4 Line projection as dynamic support.

Static support is further defined by TG-1 = 1153.76 - 11 DEC             2014, a low-probability attainment, but high-probability reversal target.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


-----
Twitter: @4xForecaster
------
Sokun
2 years ago
Gassho David.
Reply
iefan PRO
2 years ago
Thank you David, looks like a great set-up!

Kind regards
iefan
Reply
Ansari
2 years ago
hi David,Many thank's.
snapshot

Have a nice weekend.
Reply
Sokun Ansari
2 years ago
Any comments on xag?
Reply
Sokun
2 years ago
@david TG-Lo is still a possibility on this move down?
Reply
IgorJovanovic
2 years ago
No chance, gold is going up!
$/Y is going down to 113
Reply
AlphaxRx
2 years ago
I thought so, didn't think the recent rally in gold was sustainable.
Reply
Ding-Fire-168
2 years ago
Great, in line with an astro trigger-Uranus square Pluto
Dec 15 2014 ~ 12º Aries/12º Cap
https://twitter.com/Kenhui89
Reply
4xForecaster PRO
2 years ago
15 DEC 2014 - Update:

From Tiwtter:
----------
$XAUUSD continues to roll as forecast; Eyes bearish 1.1153.76 target:

snapshot


via @tradingview | $XAU $USD $Gold $DUST
----------