As shown on chart of GLD, a major breakout occurred today. The target is well into the 200s.
Introduction - First draft at 2025 - and 12 days ago - called for 2150 on or before 03/08. After four drafts, we finally made "the still highly likely 2087". The manner in which we arrived there on Friday was deemed suspicious by pattern recognition software. With short and medium term trends slow to catch up, Binary Forecasting Service expected very bearish...
Intro - We are still on DRAFT 1 (link is below). Should the gold gods favor massive underdogs this time around, it should be this route that bulls take to salvation. We will know by Tuesday 3 AM ET, the hour in which bears of the UK (also known as LBMA) unite and - in their vanity - attempt to put this bull market six feet under. It is undoubted true that bears...
GLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower trendlines for resistance and support. A volume profile is overlaid. Text boxes comment on the basis for the trade and the use of the relative strength indicator. Price is low in the high volume area confluent with the support line. I see this as a long trade set up and...
Introduction - Binary Forecasting Service's trend engine says that bulls are zombies. They are dead, but they just don't know it. Details - Previous four forecasts was chasing 2150 by end of coming week. Despite "catching up" to trend", short to medium term regression waves are not moving up fast enough. This is A recipe for the "C" in Elliot Wave's A-B-C. In...
Introduction - Trend engine says this is going to happen. Except we don't know what happens in the box. While I work on that this is draft 1. Details - Will add as we go.
Introduction - This is second draft focused on this box, this blue hi-light - this time - is somewhat predictive. Details - Will add as we go.
Introduction - In DRAFT 1 and DRAFT 2, I already discussed the "why" and the "how". In this draft, we focus on the just the "what". As in, "what" is going to happen from here on out. Details - In my mind, 2087 is "in the bag", so to speak. This rally will have 2 highs or a double top at the end. The level of the second top should be at least 2110-2120. ...
Introduction - Earlier this week we eliminated 2150 but was still aiming for 2125. Price action last 36 hours have lowered that ceiling under 2110. In theory, that could still hit. But if trend of "lowering ceiling" continues, we have to settle for 2087. DETAILS - The lack of commitment by short term traders has price hanging around "almost" breakout...
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AMEX:GLD COMEX:GC1! looks ready for a move up. RSI paused just below 60, ADX move not started yet, MACD and price both coiling A lot of Economic Reports on deck this week may act as catalyst.
For demonstration/presentation only. Not for general audience.
INTRO - This is a test of my unproven IRL & IMA trend engine at 1-hour bar for 10 days. This is for testing purposes only. DETAILS - Gold survived 2 selling zones (red arrows) for Thursday and Friday, closing above critical 2011 support. This has kept the gold comeback route alive, but only barely. The 10-day trend picture suggests gold will survive the...
Intro - For what it's worth, this is what trend suggest for next 16 hours. Warning - If price leave boxes, then stop using it! Details - None, use at your own risk.
INTRODUCTION - This is the second 02/12/24, 15-min bar, ultra-detailed, 16-hour trend map for FXOPEN XAUUSD spot gold ticker. This chart is expected to be useful until first vertical dashed line or 16 hours. If price disagrees meaningfully - such as when price leaves boxes - then this map expires IMMEDIATELY, If price agrees, then recasting is required after 16...
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After the all-time-high in december, i've been following the price and it is possible that each leg has 3 wave count. Last night, price broke down to 2012 level. This could be an undershoot of E wave of triangle with E wave forming complex correction pattern If the price does not go under 2012 this could be a start of the next move up to 2200-2300 area
INTRODUCTION - This is 02/12/24, 15-min bar, ultra-detailed, 16-hour trend map for FXOPEN XAUUSD spot gold ticker. This chart is expected to be useful until first vertical dashed line or 16 hours. If price disagrees meaningfully, then this map expires IMMEDIATELY. If price agrees, then recasting is required after 16 hours. DETAILS - The previous #2 draft was...